v3.26.1
Stockholders' Equity/(Deficit) (Tables)
3 Months Ended
Mar. 31, 2026
Stockholders' Equity Note [Abstract]  
Estimated Fair Value of Restricted Stock Award The estimated fair value of each RSU was calculated using the share price at the date of the grant.

The following is a summary of the restricted stock awards activity during the three months ended March 31, 2026:

 

Number of
Shares

 

 

Weighted-Average
Grant Date
Fair Value

 

Unvested at December 31, 2025

 

212,000

 

 

$

2.02

 

Granted

 

37,888

 

 

$

1.90

 

Vested

 

(37,888

)

 

$

1.90

 

Cancelled

 

 

 

$

 

Unvested at March 31, 2026

 

212,000

 

 

$

2.02

 

Summary of Stock Option Activity

The following is a summary of the stock option activity during the three months ended March 31, 2026:

 

 

 

 

 

Number of Shares

 

 

Weighted-Average Exercise Price

 

 

Weighted-Average
Remaining Contractual Term
(Years)

 

Outstanding at December 31, 2025

 

 

 

 

 

2,764,574

 

 

$

2.67

 

 

 

3.47

 

Granted

 

 

 

 

 

 

 

$

 

 

 

 

Exercised

 

 

 

 

 

(180,000

)

 

$

0.41

 

 

 

 

Cancelled

 

 

 

 

 

 

 

$

 

 

 

 

Outstanding at March 31, 2026

 

 

 

 

 

2,584,574

 

 

$

2.82

 

 

 

3.20

 

Options exercisable at March 31, 2026

 

 

 

 

 

1,833,325

 

 

$

3.10

 

 

 

2.68

 

Summary of Changes in Warrants Outstanding

The following is a summary of changes in warrants outstanding for the three months ended March 31, 2026:

 

 

Number of

 

 

Weighted-Average

 

 

Warrants

 

 

Exercise Price

 

Balance at December 31, 2025

 

9,408,996

 

 

$

2.46

 

Issued

 

 

 

$

 

Exercised

 

(2,378,858

)

 

$

1.11

 

Cancellation/Expiration

 

(264,550

)

 

$

1.10

 

Balance at March 31, 2026

 

6,765,588

 

 

$

2.99