v3.26.1
SHARE-BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2026
EMPLOYEE STOCK OPTIONS, RESTRICTED STOCK AWARD PLAN AND 401(k) [Abstract]  
Schedule of Share-Based Compensation Expense Charged Against Income For Share-Based Awards The following table summarizes the Company's share-based compensation, included with General and administrative expense within our Condensed Statements of Operations, incurred for the three months ended March 31, 2026 and 2025.
Three Months Ended
March 31, 2026March 31, 2025
Share-based compensation$1,524,808 $1,690,958 
Share-based compensation expense charged against income for share-based awards during the three months ended March 31, 2026 and 2025 was as follows. These amounts are included in General and administrative expense in the Condensed Statements of Operations.
Three Months Ended
March 31, 2026March 31, 2025
Share-based compensation expense from:
Employee stock options
$— $— 
Restricted stock unit grants
1,284,783 1,247,329 
Performance stock unit awards
240,025 443,629 
Total share-based compensation$1,524,808 $1,690,958 
Schedule of Status of the Stock Options
A summary of the status of the stock options as of March 31, 2026 and 2025 and changes during the respective three month periods then ended are as follows:
OptionsWeighted-
Average
Exercise Price		Weighted-Average Remaining Contractual TermAggregate Intrinsic Value
Outstanding, December 31, 202465,500$10.70 
Granted—— 
Forfeited—— 
Expired—— 
Exercised—— 
Outstanding, March 31, 202565,500$10.70 1.31 years$— 
Exercisable, March 31, 202565,500$10.70 1.31 years
Outstanding, December 31, 202551,000$10.18 
Granted—— 
Forfeited—— 
Expired—— 
Exercised—— 
Outstanding, March 31, 202651,000$10.18 0.52 years$— 
Exercisable, March 31, 202651,000$10.18 0.52 years
Schedule of Restricted Stock Unit Outstanding
A summary of the RSUs outstanding as of March 31, 2026 and 2025, respectively, and changes during the respective three month periods then ended are as follows:
Restricted Stock UnitsWeighted-
Average Grant
Date Fair Value
Outstanding, December 31, 20243,817,128 $1.70 
Granted3,691,373 1.31 
Forfeited or rescinded— — 
Vested(1,983,465)1.75 
Outstanding, March 31, 20255,525,036 $1.42 
Outstanding, December 31, 20254,912,110 $1.40 
Granted5,716,485 1.28 
Forfeited or rescinded(39,395)1.29 
Vested(2,400,525)1.46 
Outstanding, March 31, 20268,188,675 $1.29 
Schedule of Performance Stock Units Outstanding
A summary of the PSUs outstanding as of March 31, 2026 and 2025, respectively, along with changes during the respective three month periods then ended are as follows:
Performance Stock UnitsWeighted-
Average Grant
Date Fair Value
Outstanding, December 31, 20241,891,892 $2.47 
Granted— — 
Forfeited or rescinded— — 
Vested— — 
Outstanding, March 31, 20251,891,892 $2.47 
Outstanding, December 31, 20252,209,991 $1.42 
Granted— — 
Forfeited or rescinded— — 
Vested— — 
Outstanding, March 31, 20262,209,991 $1.42