v3.26.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended 36 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2025
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table

Pay vs Performance

 

This section is included to comply with the provisions of Item 402(v) of Regulation S-K. For a more comprehensive analysis of our compensation philosophy please see the General Compensation Philosophy section of this filing. In the table and footnotes below, “PEO” refers to our principal executive officer, Charles D. Goodwin.

 

Pay versus performance table

 

(a)

 

(b)

   

(c)

   

(d)

   

(e)

   

(f)

   

(h)

 

Year

 

Summary compensation table total for PEO

    Compensation actually paid to PEO (2)    

Average summary compensation table total for non-PEO NEOs (1)

   

Average compensation actually paid to non-PEO NEOs (1)(2)

   

Value of initial fixed $100 investment based on Total stockholder return

    Net income (loss) (in thousands)  

2025

  $ 1,233,863     $ 2,100,299     $ 641,543     $ 970,105     $ 150     $ (11,211 )

2024

  $ 975,971     $ 509,221     $ 675,407     $ 490,152     $ 68     $ (23,463 )

2023

  $ 1,261,470     $ 1,413,487     $ 769,679     $ 734,407     $ 112     $ (18,713 )

 

(1)

Reflects average compensation amounts for our non-PEO named executive officers for the respective years shown. Moshe Citronowicz, Matthew Hill and Shawn Roman are the non-PEO named executive officers for the 2025 year presented. Moshe Citronowicz, Todd Hornsby, Matthew Hill and Shawn Roman are the non-PEO named executive officers for the 2024 year presented. Moshe Citronowicz, Todd Hornsby, Matthew Hill and Tara Semb are the non-PEO named executive officers for the 2023 year presented.

(2)

The following table summarizes the adjustments from summary table total compensation to compensation actually paid:

       
Named Executive Officers, Footnote Reflects     presented.  
PEO Total Compensation Amount $ 1,233,863 $ 975,971 $ 1,261,470    
PEO Actually Paid Compensation Amount $ 2,100,299 509,221 1,413,487    
Adjustment To PEO Compensation, Footnote

 

   

PEO

   

Non-PEO NEOs

 
   

2025

   

2024

   

2023

   

2025

   

2024

   

2023

 

Summary compensation table total compensation

  $ 1,233,863     $ 975,971     $ 1,261,470     $ 641,543     $ 675,407     $ 769,679  

Grant date fair value of awards granted during the year

    (281,993 )     (453,273 )     (448,335 )     (122,765 )     (173,475 )     (164,820 )

Fair value of awards granted during the year that are outstanding and unvested as of year-end

    746,266       270,058       493,290       330,056       54,734       116,387  

Change in fair value from prior year-end to current year-end of awards granted in prior years that were outstanding and unvested as of year-end

    415,069       (211,412 )     65,731       69,463       (26,535 )     15,509  

Change in fair value from prior year-end to vesting date of awards granted in prior years that vested during the year

    (12,906 )     (72,123 )     41,331       51,808       (45,204 )     660  

Fair value of awards granted during the year that vested during the year

                            22,141       8,192  

Prior year-end fair value of awards granted in prior years that were forfeited during the year

                            (16,916 )     (11,200 )

Compensation actually paid

  $ 2,100,299     $ 509,221     $ 1,413,487     $ 970,105     $ 490,152     $ 734,407  

 

 

Stock option grant date fair values are calculated based on the Black-Scholes option pricing model as of the grant date. Adjustments have been made using stock option fair values as of each measurement date using the stock price as of the measurement date and updated assumptions (i.e., term, volatility, risk free rates) as of the measurement date. The change in stock price was the primary driver for the adjustments in the table above.

       
Non-PEO NEO Average Total Compensation Amount $ 641,543 675,407 769,679    
Non-PEO NEO Average Compensation Actually Paid Amount $ 970,105 490,152 734,407    
Adjustment to Non-PEO NEO Compensation Footnote

 

   

PEO

   

Non-PEO NEOs

 
   

2025

   

2024

   

2023

   

2025

   

2024

   

2023

 

Summary compensation table total compensation

  $ 1,233,863     $ 975,971     $ 1,261,470     $ 641,543     $ 675,407     $ 769,679  

Grant date fair value of awards granted during the year

    (281,993 )     (453,273 )     (448,335 )     (122,765 )     (173,475 )     (164,820 )

Fair value of awards granted during the year that are outstanding and unvested as of year-end

    746,266       270,058       493,290       330,056       54,734       116,387  

Change in fair value from prior year-end to current year-end of awards granted in prior years that were outstanding and unvested as of year-end

    415,069       (211,412 )     65,731       69,463       (26,535 )     15,509  

Change in fair value from prior year-end to vesting date of awards granted in prior years that vested during the year

    (12,906 )     (72,123 )     41,331       51,808       (45,204 )     660  

Fair value of awards granted during the year that vested during the year

                            22,141       8,192  

Prior year-end fair value of awards granted in prior years that were forfeited during the year

                            (16,916 )     (11,200 )

Compensation actually paid

  $ 2,100,299     $ 509,221     $ 1,413,487     $ 970,105     $ 490,152     $ 734,407  

 

 

Stock option grant date fair values are calculated based on the Black-Scholes option pricing model as of the grant date. Adjustments have been made using stock option fair values as of each measurement date using the stock price as of the measurement date and updated assumptions (i.e., term, volatility, risk free rates) as of the measurement date. The change in stock price was the primary driver for the adjustments in the table above.

       
Compensation Actually Paid vs. Net Income

The following table presents a comparison of our actual compensation paid to NEOs versus our total stockholder return, net losses:

 

(in thousands except per share data)

 

2025

   

2024

   

2025 vs 2024 Change

   

2023

   

2024 vs 2023 Change

 

Total stockholder return (change in stock price)

  $ 3.50     $ 1.58       121.5 %   $ 2.62       (39.7 )%

Net loss attributable to stockholders

  $ (11,211 )   $ (23,463 )     52.2 %   $ (18,713 )     (25.4 )%

Actual compensation paid to NEOs

  $ 5,011     $ 2,470       102.9 %   $ 3,617       31.7 %
       
Total Shareholder Return Amount $ 150 68 112    
Net Income (Loss) $ (11,211,000) $ (23,463,000) $ (18,713,000)    
PEO Name         Charles D. Goodwin
Total stockholder return (change in stock price) (in dollars per share) $ 3.5 $ 1.58 $ 2.62   $ 3.5
Total stockholder return (change in stock price) 121.50% (39.70%)      
Net loss attributable to stockholders 52.20% (25.00%)      
Actual compensation paid to NEOs $ 5,011,000 $ 2,470,000 $ 3,617,000    
Actual compensation paid to NEOs, Percent Change 102.90% 31.70%      
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (281,993) $ (453,273) (448,335)    
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 746,266 270,058 493,290    
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 415,069 (211,412) 65,731    
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0    
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (12,906) (72,123) 41,331    
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0    
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (122,765) (173,475) (164,820)    
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 330,056 54,734 116,387    
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 69,463 (26,535) 15,509    
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 22,141 8,192    
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 51,808 (45,204) 660    
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ (16,916) $ (11,200)