9.
STOCK-BASED COMPENSATION
Historically,
stock options have been granted with an exercise price equal to the market value of the Common Stock on the date of grant, with expiration
10 years from the date they are granted, and generally vest over a one to three-year period for employees and members of the Board. Upon
exercise, new shares will be issued by the Company. The restricted shares and restricted stock units (“RSUs”) granted to
Board members and employees generally have a three-year graded vesting period and are subject to accelerated vesting and forfeiture under
certain circumstances.
There
were no stock option awards issued in the three months ended March 31, 2026 and March 31, 2025.
The
Company recognized approximately $4,000 and $15,000 of stock-based compensation expense within continuing operations during the three-month
periods ended March 31, 2026 and 2025, respectively. The following table has a breakout of stock-based compensation expense from continuing
operations by line item.
SCHEDULE OF SHARE-BASED COMPENSATION ARRANGEMENTS BY SHARE-BASED PAYMENT AWARD
| | |
2026 | | |
2025 | |
| | |
Three Months Ended | |
| | |
March 31, | |
| | |
2026 | | |
2025 | |
| | |
| | |
| |
| Sales and marketing | |
$ | 4 | | |
$ | 9 | |
| General and administrative | |
| - | | |
| 6 | |
| Total stock compensation expense | |
$ | 4 | | |
$ | 15 | |
|