v3.26.1
SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 11 – SUBSEQUENT EVENTS

 

The Board ratified acceleration of previously granted stock options for certain directors and executive officers (effective January 16, 2026). It approved issuance of 700,000 fully vested stock options to certain directors (2025 performance and one-time board-service awards) and 1,500,000 fully vested restricted shares to certain executives with a lock up period that extends until December 31, 2027. New grants of 850,000 stock options to certain executive officers were approved with a vesting period that extends until December 31, 2027 along with related salary increases. The Board also approved in principle the 2026 Incentive Compensation Plan, which ties payouts to EBITDA performance. The exercise price of the options was $0.335 per share.