v3.26.1
Common Stock (Tables)
 12 Months Ended
Dec. 31, 2025
Common Stock  
Assumptions for grants
Expected volatility

 

 

20%
Expected dividend yield

 

 None

 

Expected term (in years)

 

 

3

 

Risk-free interest rate

 

 

3.82%
Options outstanding

Balance of employee stock options outstanding as of 12/31/23

 

 

3,397,500

 

Stock options granted during the year ended 12/31/24

 

 

919,334

 

Stock options exercised during the year ended 12/31/24

 

 

0

 

Stock options forfeited/expired during the year ended 12/31/24

 

 

(245,500)

Balance of employee stock options outstanding as of 12/31/24

 

 

4,071,334

 

Stock options granted during the year ended 12/31/25

 

 

555,000

 

Stock options exercised during the year ended 12/31/25

 

 

0

 

Stock options forfeited/expired during the year ended 12/31/25

 

 

(652,500)

Balance of employee stock options outstanding as of 12/31/25

 

 

3,973,834

 
Number of non-vested options outstanding

Balance of employee non-vested stock options outstanding as of 12/31/23

 

 

560,999

 

Stock options granted during the year ended 12/31/24

 

 

919,334

 

Stock options vested during the year ended 12/31/24

 

 

(315,166)

Stock options forfeited/expired during the year ended 12/31/24

 

 

(245,500)

Balance of employee non-vested stock options outstanding as of 12/31/24

 

 

919,667

 

Stock options granted during the year ended 12/31/25

 

 

555,000

 

Stock options vested during the year ended 12/31/25

 

 

(464,567)

Stock options forfeited/expired during the year ended 12/31/25

 

 

(652,500)

Balance of employee non-vested stock options outstanding as of 12/31/25

 

 

357,600