v3.26.1
Share-based Compensation (Tables) - Gravitics Inc [Member]
3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Schedule of Condensed Statements Of Operations

The Company recorded stock-based compensation expense for stock options and restricted stock outside of the 2022 plan, see below, in the following expense categories of its condensed statements of operations for the three months ended March 31, 2026 and 2025 (amounts in thousands):

   2026   2025 
  

For the Three Months Ended

March 31,

 
   2026   2025 
Research and development  $65   $89 
General and administrative   176    253 
Stock based compensation  $241   $342 

The Company recorded stock-based compensation expense for stock options and restricted stock outside of the 2022 plan, see below, in the following expense categories of its statements of operations for the years ended December 31, 2025 and 2024 (amounts in thousands):

         
   Year Ended December 31, 
   2025   2024 
Research and development  $356   $529 
General and administrative   1,008    979 
Stock based compensation  $1,364   $1,508 

Schedule of Stock Option Activity  

The following table summarizes stock option activity for the 2022 Plan for the year ended December 31, 2025:

 

           Weighted     
       Weighted-   Average   Aggregate 
       Average   Remaining   Intrinsic 
   Number   Exercise   Contractual   Value 
   of Shares   Price   Term (in years)   (in thousands) 
Balance, January 1, 2025   2,920,881   $0.46    8.06   $748 
Granted   798,667    0.63         
Exercised   (11,458)   0.00          
Forfeitures   (726,506)   0.71         
Expired   (293,290)   0.18         
Balance, December 31, 2025   2,688,294   $0.48    7.76   $1,991 
Exercisable at December 31, 2025   1,775,082   $0.41    7.45   $1,446 

Schedule of Fair Value of Options  

 

         
   Year Ended December 31, 
   2025   2024 
Risk-free interest rate   4.2%   4.3%
Expected term (years)   5.9    5.8 
Expected volatility   44.1%   49.5%
Expected dividend yield        

Schedule of Restricted Stock  

Restricted stock outside of the 2022 plan activity for the year ended December 31, 2025 was as follows:

 

       Weighted- 
       Average 
   Number   Grant Date 
   of Shares   Fair Value 
Unvested at December 31, 2024   1,927,741   $0.72 
Vested   (1,627,918)  $0.72 
Unvested at December 31, 2025   299,823   $0.72