v3.26.1
Stock Options
3 Months Ended
Mar. 31, 2026
Stock Options [Abstract]  
STOCK OPTIONS

NOTE 4 – STOCK OPTIONS

 

The following table presents the Company’s stock option activity for employees and directors of the Company for the three months ended March 31, 2026:

 

   Number of
Options
   Weighted
Average
Exercise
Price
 
Outstanding at December 31, 2025   313,227   $5.19 
Granted   
-
    
-
 
Exercised   
-
    
-
 
Forfeited or expired   
-
    
-
 
Outstanding at March 31, 2026   313,227   $5.19 
Number of options exercisable at March 31, 2026   313,227   $5.19 

The aggregate intrinsic value of the awards outstanding as of March 31, 2026 is $0. These amounts represent the total intrinsic value, based on the Company’s stock price of $0.25 as of March 31, 2026, less the weighted exercise price. This represents the potential amount received by the option holders had all option holders exercised their options as of that date.

 

The stock options outstanding as of March 31, 2026 have been separated into exercise prices, as follows:

 

Exercise price   Stock options
outstanding
    Weighted
average
remaining
contractual
life – years
    Stock options
exercisable
 
36.4     42,307       5.66       75,767  
0.32     270,920       7.90       270,920  
      313,227               323,227