0000109657 2025-01-01 2025-12-31 0000109657 2024-01-01 2024-12-31 0000109657 2023-01-01 2023-12-31 0000109657 GTBP:ReportedValueOfEquityAwardsMember 2025-01-01 2025-12-31 0000109657 GTBP:EquityAwardsAdjustmentsMember 2025-01-01 2025-12-31 0000109657 GTBP:ReportedValueOfEquityAwardsMember 2024-01-01 2024-12-31 0000109657 GTBP:EquityAwardsAdjustmentsMember 2024-01-01 2024-12-31 0000109657 GTBP:ReportedValueOfEquityAwardsMember 2023-01-01 2023-12-31 0000109657 GTBP:EquityAwardsAdjustmentsMember 2023-01-01 2023-12-31 0000109657 GTBP:YearEndFairValueOfOutstandingAndUnvestedEquityAwardsGrantedDuringYearMember 2025-01-01 2025-12-31 0000109657 GTBP:YearOverYearChangeInFairValueOfOutstandingAndUnvestedEquityAwardsGrantedInPriorYearsMember 2025-01-01 2025-12-31 0000109657 GTBP:FairValueAsOfVestingDateOfEquityAwardsGrantedAndVestedInYearMember 2025-01-01 2025-12-31 0000109657 GTBP:YearOverYearChangeInFairValueOfEquityAwardsGrantedInPriorYearsThatVestedInYearMember 2025-01-01 2025-12-31 0000109657 GTBP:TotalEquityAwardAdjustmentsMember 2025-01-01 2025-12-31 0000109657 GTBP:YearEndFairValueOfOutstandingAndUnvestedEquityAwardsGrantedDuringYearMember 2024-01-01 2024-12-31 0000109657 GTBP:YearOverYearChangeInFairValueOfOutstandingAndUnvestedEquityAwardsGrantedInPriorYearsMember 2024-01-01 2024-12-31 0000109657 GTBP:FairValueAsOfVestingDateOfEquityAwardsGrantedAndVestedInYearMember 2024-01-01 2024-12-31 0000109657 GTBP:YearOverYearChangeInFairValueOfEquityAwardsGrantedInPriorYearsThatVestedInYearMember 2024-01-01 2024-12-31 0000109657 GTBP:TotalEquityAwardAdjustmentsMember 2024-01-01 2024-12-31 0000109657 GTBP:YearEndFairValueOfOutstandingAndUnvestedEquityAwardsGrantedDuringYearMember 2023-01-01 2023-12-31 0000109657 GTBP:YearOverYearChangeInFairValueOfOutstandingAndUnvestedEquityAwardsGrantedInPriorYearsMember 2023-01-01 2023-12-31 0000109657 GTBP:FairValueAsOfVestingDateOfEquityAwardsGrantedAndVestedInYearMember 2023-01-01 2023-12-31 0000109657 GTBP:YearOverYearChangeInFairValueOfEquityAwardsGrantedInPriorYearsThatVestedInYearMember 2023-01-01 2023-12-31 0000109657 GTBP:TotalEquityAwardAdjustmentsMember 2023-01-01 2023-12-31 0000109657 GTBP:AverageReportedValueOfEquityAwardsMember 2025-01-01 2025-12-31 0000109657 GTBP:AverageEquityAwardAdjustmentsMember 2025-01-01 2025-12-31 0000109657 GTBP:AverageReportedValueOfEquityAwardsMember 2024-01-01 2024-12-31 0000109657 GTBP:AverageEquityAwardAdjustmentsMember 2024-01-01 2024-12-31 0000109657 GTBP:AverageReportedValueOfEquityAwardsMember 2023-01-01 2023-12-31 0000109657 GTBP:AverageEquityAwardAdjustmentsMember 2023-01-01 2023-12-31 0000109657 GTBP:AverageYearEndFairValueOfOutstandingAndUnvestedEquityAwardsGrantedDuringYearMember 2025-01-01 2025-12-31 0000109657 GTBP:YearOverYearAverageChangeInFairValueOfOutstandingAndUnvestedEquityAwardsGrantednPriorYearsMember 2025-01-01 2025-12-31 0000109657 GTBP:AverageFairValueAsOfVestingDateOfEquityAwardsGrantedAndVestedInYearMember 2025-01-01 2025-12-31 0000109657 GTBP:YearOverYearAverageChangeInFairValueOfEquityAwardsGrantedInPriorYearsThatVestedInYearMember 2025-01-01 2025-12-31 0000109657 GTBP:TotalAverageEquityAwardAdjustmentsMember 2025-01-01 2025-12-31 0000109657 GTBP:AverageYearEndFairValueOfOutstandingAndUnvestedEquityAwardsGrantedDuringYearMember 2024-01-01 2024-12-31 0000109657 GTBP:YearOverYearAverageChangeInFairValueOfOutstandingAndUnvestedEquityAwardsGrantednPriorYearsMember 2024-01-01 2024-12-31 0000109657 GTBP:AverageFairValueAsOfVestingDateOfEquityAwardsGrantedAndVestedInYearMember 2024-01-01 2024-12-31 0000109657 GTBP:YearOverYearAverageChangeInFairValueOfEquityAwardsGrantedInPriorYearsThatVestedInYearMember 2024-01-01 2024-12-31 0000109657 GTBP:TotalAverageEquityAwardAdjustmentsMember 2024-01-01 2024-12-31 0000109657 GTBP:AverageYearEndFairValueOfOutstandingAndUnvestedEquityAwardsGrantedDuringYearMember 2023-01-01 2023-12-31 0000109657 GTBP:YearOverYearAverageChangeInFairValueOfOutstandingAndUnvestedEquityAwardsGrantednPriorYearsMember 2023-01-01 2023-12-31 0000109657 GTBP:AverageFairValueAsOfVestingDateOfEquityAwardsGrantedAndVestedInYearMember 2023-01-01 2023-12-31 0000109657 GTBP:YearOverYearAverageChangeInFairValueOfEquityAwardsGrantedInPriorYearsThatVestedInYearMember 2023-01-01 2023-12-31 0000109657 GTBP:TotalAverageEquityAwardAdjustmentsMember 2023-01-01 2023-12-31 iso4217:USD false 0000109657 PRE 14A GT BIOPHARMA, INC. true For the years ended December 31, 2025 and 2024, the compensation program for our named executive officers consisted of base salary and incentive compensation delivered in the form of cash bonuses and equity awards. Base salary was set at a level that was commensurate with the executive’s duties and authorities, contributions, prior experience and sustained performance. Cash bonuses and equity awards were also set at a level that was commensurate with the executive’s duties and authorities, contributions, prior experience and sustained performance, in accordance with the employment or similar agreement with the executive. We grant all equity awards under the terms of our 2022 Plan (as defined below). Equity awards, including stock options, are not granted in anticipation of the release of material non-public information, and the release of material non-public information is not timed on the basis of stock option or equity grant dates. All stock options are granted with an exercise price per share that is no less than the fair market value of our Common Stock on the date of grant of such award. <div>We also provide benefits to our named executive officers on the same basis as we provide benefits to our employees, including health, dental and vision insurance. </div> false false <table cellpadding="0" cellspacing="0" id="xdx_88A_eecd--PvpTableTextBlock_z0U6HfAyGCsh" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Pay vs Performance Disclosure"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_485_eecd--PeoTotalCompAmt_zrFh0WTZtCM6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Summary Compensation Table Total for PEO(1)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_48B_eecd--PeoActuallyPaidCompAmt_zS5nfZW2AX2k" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Compensation Actually Paid to PEO(2)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_48E_eecd--NonPeoNeoAvgTotalCompAmt_zsphHLZ5rHq3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Average Summary Compensation Table Total for Non-PEO NEO(3)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_48D_eecd--NonPeoNeoAvgCompActuallyPaidAmt_za7yRzAieg98" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Average Compensation Actually paid to Non-PEO NEOs(4)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_483_eecd--TotalShareholderRtnAmt_pp2d_zNdE4sxade51" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Value of Initial Fixed $100 Investment Based on Total Shareholder Return(5)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_489_eus-gaap--NetIncomeLoss_iN_pn3n3_di_zmhb2qhQ9Iec" style="border-bottom: Black 1pt solid; text-align: center">Net Loss (In Thousands)(6)</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_41D_20250101__20251231_z7BsuUkpTmZ" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 13%; text-align: center">2025</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">1,727,646</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">1,613,646</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">739,310</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">682,810</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">2.95</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">28,354</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_415_20240101__20241231_zQeo1J4gEnB9" style="vertical-align: bottom; background-color: White"> <td style="text-align: center">2024</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,186,972</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,186,972</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">377,782</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">394,168</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">3.25</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">13,162</td><td style="text-align: left"> </td></tr> <tr id="xdx_419_20230101__20231231_zixSDvLnXmw2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center">2023</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,525,834</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,258,279</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,129,671</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">862,116</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">8.15</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">7,597</td><td style="text-align: left"> </td></tr> </table> 1727646 1613646 739310 682810 2.95

-28354000

1186972 1186972 377782 394168 3.25

-13162000

1525834 1258279 1129671 862116 8.15

-7597000

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 5%">(1)</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 94%; text-align: justify">The dollar amounts reported are the amounts of total compensation reported in our Summary Compensation Tables in this proxy statement and our Definitive Proxy Statement filed with the SEC on June 11, 2025, for each of 2025, 2024, and 2023 for Mr. Breen, our Chief Executive Officer, our principal executive officer (PEO).</td></tr> </table> Mr. Breen Mr. Breen Mr. Breen <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 5%">(2)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 94%">The dollar amounts reported represent the amount of “compensation actually paid,” as computed in accordance with SEC rules. The dollar amounts do not reflect the actual amount of compensation earned by or paid during the applicable year. In accordance with SEC rules, the following adjustments were made to total compensation to determine the compensation actually paid:</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_485_eecd--PeoTotalCompAmt_zxHQE5wuIuxb" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Reported Summary Compensation Table Total for PEO</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_48C_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--ReportedValueOfEquityAwardsMember_zVgZi6siRzDa" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Reported Value of Equity Awards (a)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_482_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--EquityAwardsAdjustmentsMember_z2zXfH5mLCnh" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Equity Award Adjustments (b)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_48C_eecd--PeoActuallyPaidCompAmt_zWqWopgPS5qh" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Compensation Actually Paid to PEO</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_41D_20250101__20251231_zBiSlsG1ZZo4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 15%; text-align: center">2025</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 17%; text-align: right">1,727,646</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 17%; text-align: right">(342,000</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 17%; text-align: right">228,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 17%; text-align: right">1,613,646</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_41F_20240101__20241231_z8WIzNRe4ga7" style="vertical-align: bottom; background-color: White"> <td style="text-align: center">2024</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,186,972</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,186,972</td><td style="text-align: left"> </td></tr> <tr id="xdx_410_20230101__20231231_zeaRibLhtzL4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center">2023</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,525,834</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(482,600</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">215,045</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,258,279</td><td style="text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">(a)</td> <td style="font: 10pt Times New Roman, Times, Serif">The grant date fair value of equity awards represents the total of the amounts reported in the “Stock awards” and “Option awards” columns in the Summary Compensation Table for the applicable year. </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif">(b)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_48C_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--YearEndFairValueOfOutstandingAndUnvestedEquityAwardsGrantedDuringYearMember_zQofEMVvJpQ6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year End Fair Value of Outstanding and Unvested Equity Awards Granted During the Year</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_48E_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--YearOverYearChangeInFairValueOfOutstandingAndUnvestedEquityAwardsGrantedInPriorYearsMember_zH7nbVwklwa" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_48D_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--FairValueAsOfVestingDateOfEquityAwardsGrantedAndVestedInYearMember_zeNJBDBKrz12" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_48B_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--YearOverYearChangeInFairValueOfEquityAwardsGrantedInPriorYearsThatVestedInYearMember_zsmnR8bl0tr" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_48F_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--TotalEquityAwardAdjustmentsMember_zW1nB5ZP5PKh" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total Equity Award Adjustments</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_41A_20250101__20251231_ztRADjdI6Oq3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 15%; text-align: center">2025</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">—</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">—</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">228,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">—</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">228,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_41B_20240101__20241231_z927tonhAVGf" style="vertical-align: bottom; background-color: White"> <td style="text-align: center">2024</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">—</td><td style="text-align: left"> </td></tr> <tr id="xdx_412_20230101__20231231_z3BFqXtaJ73e" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center">2023</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">10,641</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">204,404</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">215,045</td><td style="text-align: left"> </td></tr> </table> 1727646 -342000 228000 1613646 1186972 1186972 1525834 -482600 215045 1258279 228000 228000 10641 204404 215045 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 5%">(4)</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 94%; text-align: justify">The dollar amounts reported represent the average amount of “compensation actually paid” to the NEOs as a group (excluding our CEO), as computed in accordance with SEC rules. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding our CEO) during the applicable year. In accordance with the SEC rules, the following adjustments were made to average total compensation for the NEOs as a group (excluding our CEO) for each year to determine the compensation actually paid, using the same methodology described above in Note 2:</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_48E_eecd--NonPeoNeoAvgTotalCompAmt_zy2UzIZ4V6Gb" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Average Reported Summary Compensation Table Total for Non-PEO NEOs</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_487_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--AverageReportedValueOfEquityAwardsMember_zETucwahwUaf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Average Reported Value of Equity Awards</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_48C_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--AverageEquityAwardAdjustmentsMember_zwoaDNVYFZZj" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Average Equity Award Adjustments (a)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_485_eecd--NonPeoNeoAvgCompActuallyPaidAmt_z2IaP6Qie1r8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Average Compensation Actually Paid to Non-PEO NEOs</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_418_20250101__20251231_zugmxGhCnsz8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 18%; text-align: center">2025</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 17%; text-align: right">739,310</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 17%; text-align: right">(113,000</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">56,500</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 15%; text-align: right">682,810</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_414_20240101__20241231_zHClhiom66G9" style="vertical-align: bottom; background-color: White"> <td style="text-align: center">2024</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">377,782</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">40,681</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">57,067</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">394,168</td><td style="text-align: left"> </td></tr> <tr id="xdx_41B_20230101__20231231_zeXBUD0LiOo" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center">2023</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,129,671</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">482,600</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">215,045</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">862,116</td><td style="text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 5%">(a)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 94%">The amounts deducted or added in calculating the total average equity award adjustments are as follows:</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_48C_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--AverageYearEndFairValueOfOutstandingAndUnvestedEquityAwardsGrantedDuringYearMember_zJS6YjfzESH1" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Average Year End Fair Value of Outstanding and Unvested Equity Awards Granted During the Year</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_487_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--YearOverYearAverageChangeInFairValueOfOutstandingAndUnvestedEquityAwardsGrantednPriorYearsMember_zHWj5ekImbFk" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year over Year Average Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_482_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--AverageFairValueAsOfVestingDateOfEquityAwardsGrantedAndVestedInYearMember_zf0yAXjiojOg" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Average Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_485_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--YearOverYearAverageChangeInFairValueOfEquityAwardsGrantedInPriorYearsThatVestedInYearMember_zVllQFD30Fvl" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year over Year Average Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_484_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--TotalAverageEquityAwardAdjustmentsMember_zDYD3T6hDV18" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total Average Equity Award Adjustments</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_41A_20250101__20251231_zFgyfzKUj238" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 15%; text-align: center">2025</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">—</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">—</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">56,500</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">—</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">56,500</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_414_20240101__20241231_zCfaVYGa5Zyc" style="vertical-align: bottom; background-color: White"> <td style="text-align: center">2024</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">49,157</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">7,910</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">57,067</td><td style="text-align: left"> </td></tr> <tr id="xdx_41B_20230101__20231231_z2rj3tm4aJv2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center">2023</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">10,641</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">204,404</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">215,045</td><td style="text-align: left"> </td></tr> </table> 739310 -113000 56500 682810 377782 40681 57067 394168 1129671 482600 215045 862116 56500 56500 49157 7910 57067 10641 204404 215045 Compensation Actually Paid and Cumulative Total Stockholder Return During fiscal years 2024 and 2025, compensation actually paid to our PEO increased from $1,186,972 in fiscal year 2024 to $1,613,646 in fiscal year 2025, and average compensation actually paid to our named executive officers other than our PEO increased from $394,168 in fiscal year 2024 to $682,810 in fiscal year 2025. During fiscal years 2023 and 2024, compensation actually paid to our PEO decreased from $1,258,279 in fiscal year 2023 to $1,186,972 in fiscal year 2024, and average compensation actually paid to our named executive officers other than our PEO decreased from $862,116 in fiscal year 2023 to $394,168 in fiscal year 2024. Over the same period, the value of an investment of $100 in our common stock on the last trading day of 2022 decreased by $91.85 to $8.15 during fiscal year 2023, further decreased by $4.90 to $3.25 during fiscal year 2024, and further decreased by $0.30 to $2.95 during fiscal year 2025, for a total decrease from fiscal year 2023 through fiscal year 2025 of $97.05. Compensation Actually Paid and Net Loss During fiscal years 2024 and 2025, compensation actually paid to our PEO increased from $1,186,972 in fiscal year 2024 to $1,613,646 in fiscal year 2025, and average compensation actually paid to our named executive officers other than our PEO increased from $394,168 in fiscal year 2024 to $682,810 in fiscal year 2025. During fiscal years 2023 and 2024, compensation actually paid to our PEO decreased from $1,258,279 in fiscal year 2023 to $1,186,972 in fiscal year 2024, and average compensation actually paid to our named executive officers other than our PEO decreased from $862,116 in fiscal year 2023 to $394,168 in fiscal year 2024. Over the same period, our net loss increased by $15,192,000 during fiscal year 2025 (from a net loss in fiscal year 2024 of $13,162,000 to a net loss in fiscal year 2025 of $28,354,000), and increased by $5,565,000 during fiscal year 2024 (from a net loss in fiscal year 2023 of $7,597,000 to a net loss in fiscal year 2024 of $13,162,000).