Pay vs Performance Disclosure - USD ($)
Dec. 31, 2025
Dec. 31, 2024
| Fiscal Year(1) | | | Summary Compensation Table Total for PEO ($)(2) | | | Compensation Actually Paid to PEO ($)(3) | | | Average Summary Compensation Table Total for Non-PEO Named Executive Officers ($)(2) | | | Average Compensation Actually Paid to Non-PEO Named Executive Officers ($)(3) | | | Value of Initial Fixed $100 Investment Based on Total Shareholder Return ($)(4) | | | Net Income/(Loss) ($ million) | | ||||||||||||||||||
| 2025 | | | | | 2,234,919 | | | | | | 2,567,164 | | | | | | 1,317,171 | | | | | | 1,430,029 | | | | | $ | 89 | | | | | | 22,367 | | |
| 2024 | | | | | 2,855,111 | | | | | | 1,945,965 | | | | | | 1,459,968 | | | | | | 1,198,688 | | | | | $ | 76 | | | | | | (69,676) | | |
(1)
Dr. Velleca served as our PEO for the entirety of 2025 and 2024 and Mr. Hatzis-Schoch and Mr. Yurasov were our other named executive officers for such years.
(2)
Amounts reported in this column represent (i) the total compensation reported in the Summary Compensation Table for the applicable year in the case of Dr. Velleca and (ii) the average of the total compensation reported in the Summary Compensation Table for the applicable year for the named executive officers reported for the applicable year other than the PEO.
(3)
To calculate “Compensation Actually Paid,” adjustments were made to the amounts reported in the Summary Compensation Table for the applicable year. “Compensation Actually Paid” does not reflect the actual amount of compensation earned by or paid to the individuals — a reconciliation of the adjustments for Dr. Velleca and for the average of the other named executive officers is set forth following the footnotes to this table.
(4)
Pursuant to rules of the SEC, TSR is calculated by taking the difference between the Company’s share price at the end and the beginning of the measurement period and dividing it by the Company’s share price at the beginning of the measurement period. The Company did not issue any dividends during the measurement period. Historic stock price performance is not necessarily indicative of future stock price performance.
Compensation Actually Paid Adjustments
| | | | PEO | | |||||||||
| Fiscal Year | | | 2025 | | | 2024 | | ||||||
| Summary Compensation Table Total(a) | | | | $ | 2,234,919 | | | | | $ | 2,855,111 | | |
| - Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year(b) | | | | $ | (1,195,030) | | | | | $ | (1,882,269) | | |
| + Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year(c) | | | | $ | 1,239,599 | | | | | $ | 950,518 | | |
| + Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years(d) | | | | $ | 110,272 | | | | | $ | (483,040) | | |
| + Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year(e) | | | | | | | | | | | | ||
| + Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year(f) | | | | $ | 177,405 | | | | | $ | 505,645 | | |
| - Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year(g) | | | | | | | | | | | | ||
| Compensation Actually Paid | | | | $ | 2,567,164 | | | | | $ | 1,945,965 | | |
| | | | Other Named Executive Officers(h) | | |||||||||
| Fiscal Year | | | 2025 | | | 2024 | | ||||||
| Summary Compensation Table Total(a) | | | | $ | 1,317,171 | | | | | $ | 1,459,968 | | |
| - Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year(b) | | | | $ | (566,188) | | | | | $ | (745,116) | | |
| + Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year(c) | | | | $ | 578,756 | | | | | $ | 376,136 | | |
| + Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years(d) | | | | $ | 29,873 | | | | | $ | (129,144) | | |
| + Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year(e) | | | | | | | | | | | | ||
| + Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year(f) | | | | $ | 70,418 | | | | | $ | 236,844 | | |
| - Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year(g) | | | | | | | | | | | | ||
| Compensation Actually Paid | | | | $ | 1,430,029 | | | | | $ | 1,198,688 | | |
(a)
Represents Total Compensation as reported in the Summary Compensation Table for the indicated fiscal year. With respect to the Other Named Executive Officers, amounts shown represent averages.
(b)
Represents the grant date fair value of the stock option and stock awards granted during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(c)
Represents the fair value as of the indicated fiscal year-end of the outstanding and unvested option awards and stock awards granted during such fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(d)
Represents the change in fair value during the indicated fiscal year of each option award and stock award that was granted in a prior fiscal year and that remained outstanding and unvested as of the last day of the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(e)
Represents the fair value at vesting of the option awards and stock awards that were granted and vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(f)
Represents the change in fair value, measured from the prior fiscal year-end to the vesting date, of each option award and stock award that was granted in a prior fiscal year and which vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(g)
Represents the fair value as of the last day of the prior fiscal year of the option award and stock awards that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(h)
See footnote 1 above for the named executive officers included in the average for each year.
(1)
Dr. Velleca served as our PEO for the entirety of 2025 and 2024 and Mr. Hatzis-Schoch and Mr. Yurasov were our other named executive officers for such years.
(2)
Amounts reported in this column represent (i) the total compensation reported in the Summary Compensation Table for the applicable year in the case of Dr. Velleca and (ii) the average of the total compensation reported in the Summary Compensation Table for the applicable year for the named executive officers reported for the applicable year other than the PEO.
(3)
To calculate “Compensation Actually Paid,” adjustments were made to the amounts reported in the Summary Compensation Table for the applicable year. “Compensation Actually Paid” does not reflect the actual amount of compensation earned by or paid to the individuals — a reconciliation of the adjustments for Dr. Velleca and for the average of the other named executive officers is set forth following the footnotes to this table.
Compensation Actually Paid Adjustments
| | | | PEO | | |||||||||
| Fiscal Year | | | 2025 | | | 2024 | | ||||||
| Summary Compensation Table Total(a) | | | | $ | 2,234,919 | | | | | $ | 2,855,111 | | |
| - Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year(b) | | | | $ | (1,195,030) | | | | | $ | (1,882,269) | | |
| + Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year(c) | | | | $ | 1,239,599 | | | | | $ | 950,518 | | |
| + Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years(d) | | | | $ | 110,272 | | | | | $ | (483,040) | | |
| + Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year(e) | | | | | | | | | | | | ||
| + Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year(f) | | | | $ | 177,405 | | | | | $ | 505,645 | | |
| - Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year(g) | | | | | | | | | | | | ||
| Compensation Actually Paid | | | | $ | 2,567,164 | | | | | $ | 1,945,965 | | |
(a)
Represents Total Compensation as reported in the Summary Compensation Table for the indicated fiscal year. With respect to the Other Named Executive Officers, amounts shown represent averages.
(b)
Represents the grant date fair value of the stock option and stock awards granted during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(c)
Represents the fair value as of the indicated fiscal year-end of the outstanding and unvested option awards and stock awards granted during such fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(d)
Represents the change in fair value during the indicated fiscal year of each option award and stock award that was granted in a prior fiscal year and that remained outstanding and unvested as of the last day of the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(e)
Represents the fair value at vesting of the option awards and stock awards that were granted and vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(f)
Represents the change in fair value, measured from the prior fiscal year-end to the vesting date, of each option award and stock award that was granted in a prior fiscal year and which vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(g)
Represents the fair value as of the last day of the prior fiscal year of the option award and stock awards that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(h)
See footnote 1 above for the named executive officers included in the average for each year.
(2)
Amounts reported in this column represent (i) the total compensation reported in the Summary Compensation Table for the applicable year in the case of Dr. Velleca and (ii) the average of the total compensation reported in the Summary Compensation Table for the applicable year for the named executive officers reported for the applicable year other than the PEO.
(3)
To calculate “Compensation Actually Paid,” adjustments were made to the amounts reported in the Summary Compensation Table for the applicable year. “Compensation Actually Paid” does not reflect the actual amount of compensation earned by or paid to the individuals — a reconciliation of the adjustments for Dr. Velleca and for the average of the other named executive officers is set forth following the footnotes to this table.
| | | | Other Named Executive Officers(h) | | |||||||||
| Fiscal Year | | | 2025 | | | 2024 | | ||||||
| Summary Compensation Table Total(a) | | | | $ | 1,317,171 | | | | | $ | 1,459,968 | | |
| - Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year(b) | | | | $ | (566,188) | | | | | $ | (745,116) | | |
| + Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year(c) | | | | $ | 578,756 | | | | | $ | 376,136 | | |
| + Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years(d) | | | | $ | 29,873 | | | | | $ | (129,144) | | |
| + Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year(e) | | | | | | | | | | | | ||
| + Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year(f) | | | | $ | 70,418 | | | | | $ | 236,844 | | |
| - Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year(g) | | | | | | | | | | | | ||
| Compensation Actually Paid | | | | $ | 1,430,029 | | | | | $ | 1,198,688 | | |
(a)
Represents Total Compensation as reported in the Summary Compensation Table for the indicated fiscal year. With respect to the Other Named Executive Officers, amounts shown represent averages.
(b)
Represents the grant date fair value of the stock option and stock awards granted during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(c)
Represents the fair value as of the indicated fiscal year-end of the outstanding and unvested option awards and stock awards granted during such fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(d)
Represents the change in fair value during the indicated fiscal year of each option award and stock award that was granted in a prior fiscal year and that remained outstanding and unvested as of the last day of the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(e)
Represents the fair value at vesting of the option awards and stock awards that were granted and vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(f)
Represents the change in fair value, measured from the prior fiscal year-end to the vesting date, of each option award and stock award that was granted in a prior fiscal year and which vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(g)
Represents the fair value as of the last day of the prior fiscal year of the option award and stock awards that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.
(h)
See footnote 1 above for the named executive officers included in the average for each year.
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