v3.26.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of 2018 Ashm Plan Amendments

 Schedule of 2018 Ashm Plan Amendments

Shareholder

Approval Event

 

2018 Plan (as adopted

and amended)

 

Number of

awards approved

 

Cumulative

Awards Approved

2018 ASHM  2018 Plan Adoption  12,000  12,000
2019 ASHM  Amendment #1  5,333  17,333
2020 ASHM  Amendment #2  11,111  28,444
2021 ASHM  Amendment #3  34,222  62,666
2023 ASHM  Amendment #4  68,666  131,332
2025 ASHM  Amendment #5  133,333  264,665
Schedule of Stock Options Awards and Restricted Stock Grants

A summary of stock option awards and restricted stock grants, inclusive of awards granted under the 2018 Stock Plan and Inducement Option Grants for the three-months ended March 31, 2026 is presented below:

 

  

   Stock Options   Restricted Stock Awards  

Weighted

Average

 
  

Options

Outstanding

  

Weighted

Average

Exercise

Price

  

Non-vested

Restricted

Stock

Outstanding

  

Weighted

Average

Grant

Date

Fair Value

  

Contractual

Terms of

Equity

Awards

(in years)

 
Equity awards outstanding at January 1, 2026   18,695   $15.68               -   $           -                
                          
Equity awards granted   242,364   $3.95    -   $-      
                          
Equity awards terminated   -   $-    -   $-      
                          
Equity awards outstanding at March 31, 2026   261,059   $4.79    -   $-    9.7 
                          
Equity awards exercisable at March 31, 2026   131,930   $5.31              9.7 
                          
Aggregate intrinsic value of equity
awards exercisable at March 31, 2026
  $-                     
Schedule of Assumptions Used to Determine Fair Value of Options Granted

The fair values of stock options granted were estimated at the date of grant using the Black-Scholes option pricing model. The Black-Scholes model was originally developed for use in estimating the fair value of traded options, which have different characteristics from the Company’s stock options. The model is also sensitive to changes in assumptions, which can materially affect the fair value estimate. The Company used the following assumptions for determining the fair value of options granted under the Black-Scholes option pricing model:

 

  

For the Three Months Ended

March 31,

 
   2026   2025 
Risk-free interest rate   4.19%   4.31 to 4.55 %
Expected volatility   122.97%   110.74 to 115.63%
Expected life (in years)   9.0    9.0 to 10.0  
Expected dividend yield   0.0%   0.0%