v3.26.1
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement, Disclosure [Abstract]  
Schedule of Stock Options
The summary of the Company’s Plans as of June 30, 2026, and changes during the period then ended are presented as follows:
Stock OptionsNumber of
Options 		Weighted
Average
Exercise
Price		Weighted
Average
Remaining
Contractual
Term (years)		Aggregate
Intrinsic Value
(in thousands)
Outstanding, December 31, 20256,230,759$0.37 
Granted123,0003.00 
Exercised(60,000)0.07 
Forfeited0— 
Expired(5,393)0.32 
Outstanding, June 30, 20266,288,366$0.42 5.73$16,201 
Exercisable, June 30, 20265,689,692$0.15 5.35$16,201 
Schedule of Fair Value of Options Granted Based on Assumptions
The weighted average grant date fair value of options granted during the three months ended June 30, 2026 was $1.10 per share, and during the six months ended June 30, 2026 was $1.07 per share based on the following assumptions used in the Black-Scholes option pricing model:
June 30,
2026
Expected volatility28 %
Expected dividend yield-%
Expected term (in years)6 years
Risk-free interest rate
3.6% to 4.2%
Schedule of the Company’s RSU Activity
The summary of the Company’s restricted stock units (“RSUs”) activity for the six months ended June 30, 2026 are presented as follows:
Number of RSUsWeighted Average Grant Date Fair Value per RSU
Unvested RSUs, December 31, 2025366,810$3.00 
Granted298,8333.00 
Vested/Issued(80,764)3.00 
Forfeited, cancelled, or expired—3.00 
Unvested RSUs, June 30, 2026584,879$3.00