v3.26.1
STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
A summary of the stock option activity and related information for the Plans for the three months ended March 31, 2026, is as follows:

A summary of the stock option activity and related information for the Plans for the three months ended March 31, 2026, is as follows:

 

   Shares   Weighted-
Average
Exercise Price
  

Weighted-

Average
Remaining
Contractual

Term

   Aggregate
Intrinsic
Value
 
Outstanding at December 31, 2025   1,150,551   $43,826    9.26   $0 
Grants   1,027,539    15.32          
Exercised                  
Forfeitures or expirations   (46,126)   837,519           
                     
Outstanding at March 31, 2026   2,131,964   $5,539    9.44   $0 
Exercisable at March 31, 2026   235,074   $43,516    8.89   $0 
The assumptions used in the valuation of stock options granted during the three months ended March 31, 2026, and 2025 were as follows:

The assumptions used in the valuation of stock options granted during the three months ended March 31, 2026, and 2025 were as follows:

 

    Three Months Ended
March 31, 2026
    Three Months Ended
March 31, 2025
 
Risk-free interest rate     3.85% - 4.05 %     4.21 %
Expected term of option     6.08 years       6.00 years  
Expected stock price volatility     147.88% – 148.41 %     149.34 %
Expected dividend yield     0.0       0.0