v3.26.1
Stock-Based Compensation
3 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation

 

Note 8. Stock-Based Compensation

 

For the three months ended June 30, 2026 and 2025, the Company incurred $58,000 and $57,000 of stock-based compensation expense, respectively. All stock-based compensation incurred is included in selling, general and administrative expense in the accompanying unaudited condensed consolidated statements of comprehensive loss.

 

At June 30, 2026, there was unrecognized compensation costs of $204,000 related to stock options which is expected to be recognized over a weighted-average amortization period of 1.35 years.

 

Stock options award activity is as follows:

        
   Number of
Shares
  Weighted-
Average
Exercise Price
Outstanding at April 1, 2026   129,163   $23.94 
Options expired   (12)   837.00 
Outstanding at June 30, 2026   129,151   $23.86 
Exercisable at June 30, 2026   72,086   $40.07 

 

The aggregate intrinsic value of stock options is calculated as the difference between the exercise price of the underlying stock options and the fair value of the Company’s common stock, or $1.23 per share at June 30, 2026.

 

Restricted stock award activity is as follows:

      
  

Number of

Shares

 

Weighted

Average Award

Date Fair Value

per Share

Unvested restricted stock awards outstanding at April 1, 2026   118,000   $3.04 
Restricted stock awards granted   5,000    2.37 
Unvested restricted stock awards outstanding at June 30, 2026   123,000   $3.01 

  

The Company issues new shares of common stock upon exercise of stock options or release of restricted stock awards.