v3.26.1
Shareholders' Equity and Share Based Compensation (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity

Stock option activity for the three months ended March 31, 2026 was as follows:

 

 

Number of
Options

 

 

Weighted
Average
Exercise Price

 

 

Weighted
Average
Remaining
Contractual
Term (years)

 

 

Aggregate
Intrinsic
Value

 

Outstanding at December 31, 2025

 

 

6,462,746

 

 

$

3.42

 

 

 

6.79

 

 

$

90

 

Granted

 

 

 

 

$

 

 

 

 

 

$

 

Exercised

 

 

(170,001

)

 

$

1.06

 

 

 

 

 

 

 

Forfeited/expired

 

 

(255,000

)

 

$

5.59

 

 

 

 

 

 

 

Outstanding at March 31, 2026

 

 

6,037,745

 

 

$

3.38

 

 

 

5.37

 

 

$

7,143

 

Exercisable at March 31, 2026

 

 

4,854,220

 

 

$

3.98

 

 

 

5.43

 

 

$

4,865

 

 

Summary of Restricted Shares Activity

Restricted shares activity for the three months ended March 31, 2026 was as follows:

 

 

Number of
Restricted Stock Grants

 

 

Weighted Average Grant Date Fair Value

 

Outstanding at December 31, 2025

 

 

2,545,524

 

 

$

0.73

 

Granted

 

 

 

 

 

 

Vested and issued

 

 

 

 

 

 

Forfeited

 

 

(439,148

)

 

 

0.60

 

Outstanding at March 31, 2026

 

 

2,106,376

 

 

$

0.76

 

Exercisable at March 31, 2026

 

 

 

 

$

-

 

Summary of Warrant Activity

Warrant activity for the three months ended March 31, 2026 was as follows:

 

 

Number of
Shares Underlying the Warrants

 

 

Weighted
Average
Exercise Price

 

 

Weighted
Average
Remaining
Contractual
Term (years)

 

Outstanding at December 31, 2025

 

 

15,533,900

 

 

$

1.65

 

 

 

2.50

 

Exercised

 

 

(235,000

)

 

$

1.65

 

 

 

 

Issued

 

 

 

 

$

-

 

 

 

-

 

Expired

 

 

 

 

$

-

 

 

 

-

 

Outstanding at March 31, 2026

 

 

15,298,900

 

 

$

1.65

 

 

 

2.25