v3.26.1
SHARE-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2026
EMPLOYEE STOCK OPTIONS, RESTRICTED STOCK AWARD PLAN AND 401(k) [Abstract]  
Schedule of Share-Based Compensation Expense Charged Against Income for Share-Based Awards The following table summarizes the Company's share-based compensation, included with General and administrative expense within our Condensed Statements of Operations, incurred for the three and six months ended June 30, 2026 and 2025.
Three Months Ended
Six Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Share-based compensation$2,149,596 $1,351,839 $3,674,404 $3,042,797 
Share-based compensation expense charged against income for share-based awards during the three and six months ended June 30, 2026 and 2025 was as follows. These amounts are included in General and administrative expense in the Condensed Statements of Operations.
Three Months Ended
Six Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Share-based compensation expense from:
Employee stock options
$— $— $— $— 
Restricted stock unit grants
1,445,550 1,022,645 2,730,333 2,269,974 
Performance stock unit awards
704,046 329,194 944,071 772,823 
Total share-based compensation$2,149,596 $1,351,839 $3,674,404 $3,042,797 
Schedule of Status of the Stock Options
A summary of the status of the stock options as of June 30, 2026 and 2025 and changes during the respective six month periods then ended are as follows:
OptionsWeighted-
Average
Exercise Price		Weighted-Average Remaining Contractual TermAggregate Intrinsic Value
Outstanding, December 31, 202465,500$10.70 
Granted—— 
Forfeited—— 
Expired—— 
Exercised—— 
Outstanding, March 31, 202565,500$10.70 1.31 years$— 
Exercisable, March 31, 202565,500$10.70 1.31 years
Granted—— 
Forfeited—— 
Expired—— 
Exercised—— 
Outstanding, June 30, 202565,500$10.70 1.06 years$— 
Exercisable, June 30, 202565,500$10.70 1.06 years
Outstanding, December 31, 202551,000$10.18 
Granted—— 
Forfeited—— 
Expired—— 
Exercised—— 
Outstanding, March 31, 202651,000$10.18 0.52 years$— 
Exercisable, March 31, 202651,000$10.18 0.52 years
Granted—— 
Forfeited—— 
Expired(15,000)$6.42 
Exercised—— 
Outstanding, June 30, 202636,000$11.75 0.45 years$— 
Exercisable, June 30, 202636,000$11.75 0.45 years
Schedule of Restricted Stock Unit Outstanding
A summary of the RSUs outstanding as of June 30, 2026 and 2025, respectively, and changes during the respective six month periods then ended are as follows:
Restricted Stock UnitsWeighted-
Average Grant
Date Fair Value
Outstanding, December 31, 20243,817,128 $1.70 
Granted3,691,373 1.31 
Forfeited or rescinded— — 
Vested(1,983,465)1.75 
Outstanding, March 31, 20255,525,036 $1.42 
Granted76,177 0.92 
Forfeited or rescinded(86,238)1.31 
Vested(41,834)2.12 
Outstanding, June 30, 20255,473,141$1.41 
Outstanding, December 31, 20254,912,110 $1.40 
Granted5,716,485 1.28 
Forfeited or rescinded(39,395)1.29 
Vested(2,400,525)1.46 
Outstanding, March 31, 20268,188,675 $1.29 
Granted25,000 1.33 
Forfeited or rescinded(79,768)1.28 
Vested(20,000)2.04 
Outstanding, June 30, 20268,113,907$1.29 
Schedule of Performance Stock Units Outstanding
A summary of the PSUs outstanding as of June 30, 2026 and 2025, respectively, along with changes during the respective six month periods then ended are as follows:
Performance Stock UnitsWeighted-
Average Grant
Date Fair Value
Outstanding, December 31, 20241,891,892 $2.47 
Granted— — 
Forfeited or rescinded— — 
Vested— — 
Outstanding, March 31, 20251,891,892 $2.47 
Granted1,624,756 $0.93 
Forfeited or rescinded— $— 
Vested— $— 
Outstanding, June 30, 20253,516,648 $1.76 
Outstanding, December 31, 20252,209,991 $1.42 
Granted— — 
Forfeited or rescinded— — 
Vested— — 
Outstanding, March 31, 20262,209,991 $1.42 
Granted3,547,617 $2.18 
Forfeited or rescinded— $— 
Vested— $— 
Outstanding, June 30, 20265,757,608 $1.89