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

The following table presents the activity of the Company’s outstanding common stock options for the three months ended March 31, 2026:

 

 

 

Number of Options

 

 

Weighted-Average Exercise Price
(per share)

 

 

Weighted-Average Remaining Contractual Term
(in years)

 

 

Aggregate Intrinsic Value
(in thousands)

 

Common stock options:

 

 

 

 

 

 

 

 

 

 

 

 

Balance outstanding at December 31, 2025

 

 

10,353,233

 

 

$

0.09

 

 

 

7.2

 

 

$

-

 

Granted

 

 

400,000

 

 

$

0.01

 

 

 

-

 

 

$

-

 

Exercised

 

 

-

 

 

$

-

 

 

 

-

 

 

$

-

 

Forfeited

 

 

(46,500

)

 

$

0.09

 

 

 

-

 

 

$

-

 

Expired

 

 

(46,000

)

 

$

0.70

 

 

 

-

 

 

$

-

 

Balance outstanding at March 31, 2026

 

 

10,660,733

 

 

$

0.09

 

 

 

7.1

 

 

$

-

 

Exercisable at March 31, 2026

 

 

6,549,544

 

 

$

0.10

 

 

 

6.8

 

 

$

-

 

Unvested at March 31, 2026

 

 

4,111,189

 

 

$

0.06

 

 

 

7.5

 

 

$

-

 

 
Schedule of Assumptions Used in Valuing Stock Options

The following table provides the weighted-average assumptions used in determining the fair value of the stock option awards for the three months ended March 31, 2026 and 2025:

 

 

 

March 31, 2026

 

 

March 31, 2025

 

 

 

 

 

 

 

 

Expected life (years)

 

5.42 yrs

 

 

5.50 yrs

 

Expected volatility

 

 

422.30

%

 

 

449.00

%

Risk-free interest rate

 

 

3.65

%

 

 

4.40

%

Dividend yield

 

 

0.00

%

 

 

0.00

%

Expected forfeiture rate

 

 

0.00

%

 

 

0.00

%