Note 9. Stock Based Compensation

In the three months ended March 31, 2026, we withheld 20,263 shares of our common stock for $27,111 in private transactions based on an average purchase price of $1.34 per share from officers, directors and employees to cover their share of taxes in connection with equity grants. In the three months ended March 31, 2025, we withheld 83,854 shares of our common stock for $152,997 in private transactions based on an average purchase price of $1.82 per share from officers, directors and employees to cover their share of taxes in connection with equity grants.

On  August 21, 2025, the Company granted 920,000 shares of restricted common stock with a 10-year vesting period and 457,800 restricted stock units ("RSUs") with a 3-year vesting period to officers and employees as a performance bonus at an issue price of $1.44 per share. RSUs vest in equal tranches over their 3-year vesting period, while 10-year grants are cliff vesting, and vest in full at the conclusion of their 10-year vesting period. Upon vesting, officers and employees will receive issued shares of common stock. Executive officers included in the 10-year restricted stock grant were Louis Hoch (300,000 shares), Michael White (50,000 shares), Greg Carter (50,000 shares), and Houston Frost (50,000 shares). Executive officers included in the RSU grant were Louis Hoch (21,000 RSUs), Michael White (18,000 RSUs), Greg Carter (18,000 RSUs), and Houston Frost (18,000 RSUs).

On August 21, 2025, the Company granted 84,000 RSUs with a 3-year vesting period to Non-employee Directors as a performance bonus at an issue price of $1.44 per share. Directors included in the RSU grant were Blaise Bender (21,000 RSUs), Brad Rollins (21,000 RSUs), Ernesto Beyer (21,000 RSUs) and Michelle Miller (21,000 RSUs).