v3.26.1
Stock Award Plans and Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Stock Award Plans and Stock-Based Compensation [Abstract]  
Schedule of Stock Options Granted

See below for a summary of the stock options granted under the 2011, 2017 and 2018 plans:

 

       Weighted   Weighted   Aggregate 
       Average   Average   Intrinsic 
   Number of   Exercise   Remaining   Value 
   Options   Price   Life (Years)   (in millions) 
Outstanding at January 1, 2024   4,646   $4,481.30    6.7   $
 
Legacy Inpixon stock options from merger   5   $16,917.50           
Granted   55,434   $117.50           
Exercised   (371)  $0.25           
Expired   (3)  $700.00           
Forfeitures   (8,526)  $484.00           
Outstanding at December 31, 2024   51,185   $455.00    9.3   $
 
Granted   15,893,584   $1.74           
Forfeitures   (3,219)  $6,713.33           
Outstanding at December 31, 2025   15,941,550   $2.80    9.8   $
 
Exercisable at December 31, 2025   6,179,722   $3.37    9.8   $
 
Schedule of Fair Values of Options Awarded

The following assumptions were used in estimating the fair values of options awarded during the year ended December 31, 2025:

 

    Year Ended
December 31, 2025
 
Fair value of common stock   $1.26 - $2.00 
Exercise price   $1.26 - $2.00 
Expected term   5 - 10 years 
Volatility   98.88% - 165.62% 
Risk-free interest rate   3.62% - 4.14% 
Dividend yield   —% 

The following assumptions were used in estimating the fair values of options awarded during the year ended December 31, 2024:

 

    Year Ended
December 31, 2024
 
Fair value of common stock   $10.75 - $118.25 
Exercise price   $10.75 - $118.25 
Expected term   6 years 
Volatility   95.06% -103.3% 
Risk-free interest rate   3.51% - 4.43% 
Dividend yield   —% 
Schedule of Stock-based compensation charges

Stock-based compensation charges for the periods indicated below (in thousands) are as follows:

 

   Year Ended
December 31,
 
   2025   2024 
Research and development  $683   $319 
Sales and marketing   354    250 
General and administrative   11,009    3,552 
Total  $12,046   $4,121