v3.26.1
EQUITY AND LONG-TERM COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF STOCK BASED COMPENSATION VALUATION ASSUMPTION OF ACTIVITY OPTIONS

The following assumptions were made to estimate fair value:

 

Expected Volatility   63%
Expected Dividend Yield   0%
Expected Term (in years)   5.8 
Risk Free Rate   3.05%
Estimate of Forfeiture Rate   0%
SCHEDULE OF SHARE BASED COMPENSATION STOCK OPTION ACTIVITY

 

Summary of Activity - Options            
  

Number of

Options

  

Weighted

Average

Exercise Price

  

Aggregate

Intrinsic Value

 
Balance as of December 31, 2024   192,778   $13.44    - 
Options Forfeited   (5,278)   13.44      
Balance as of December 31, 2025   187,500    13.44    - 
                
Options exercisable as of December 31, 2025   187,500   $13.44    - 

 

The weighted average remaining term of the options is 6.53 years.

 

 

The summary of Plan activity for the year ended December 31, 2024, with respect to the Trust’s stock options, was as follows:

 

Summary of Activity – Options

 

  

Number of

Options

  

Weighted

Average

Exercise Price

  

Aggregate

Intrinsic Value

 
Balance as of December 31, 2023     197,500     $ 13.44       -  
Options Forfeited     (4,722 )     13.44          
Balance as of December 31, 2024     192,778       13.44       -  
                         
Options exercisable as of December 31, 2024     156,319     $ 13.44       -  
SCHEDULE OF SHARE BASED COMPENSATION RESTRICTED STOCK UNITS AWARD ACTIVITY

The summary of stock-based compensation activity for the year ended December 31, 2025, with respect to the Trust’s restricted stock, was as follows:

 

Summary of Activity - Restricted Stock

 

    Number of     Weighted  
    Shares of     Average  
    Restricted     Grant Date  
    Stock     Fair Value  
Balance as of December 31, 2024     3,887       13.44  
Plan Awards     -       -  
Restricted Stock Forfeited     -       -  
Restricted Stock Vested     (3,887 )     13.44  
Balance as of December 31, 2025     -       13.44  

 

The summary of stock-based compensation activity for the year ended December 31, 2024, with respect to the Trust’s restricted stock, was as follows:

 

Summary of Activity - Restricted Stock

 

    Number of     Weighted  
    Shares of     Average  
    Restricted     Grant Date  
    Stock     Fair Value  
Balance as of December 31, 2023     13,415       18.50  
Plan Awards     -       -  
Restricted Stock Forfeited     -       -  
Restricted Stock Vested     (9,528 )     20.57  
Balance as of December 31, 2024     3,887       13.44