Stock-Based Compensation (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| Summary of Stock Option Activity |
A summary of stock option activity for the six months ended June 30, 2026 is set forth below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number
of Stock Options
Outstanding |
|
|
Weighted Average Contractual Term (in years) |
|
|
Aggregate Intrinsic Value (in thousands) |
|
|
Weighted
Average
Exercise Price Per Share |
|
Outstanding at December 31, 2025 |
|
|
2,332,762 |
|
|
|
8.24 |
|
|
$ |
11 |
|
|
$ |
8.07 |
|
Granted |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Exercised |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Canceled |
|
|
(25,938 |
) |
|
|
— |
|
|
|
— |
|
|
|
6.70 |
|
Outstanding at June 30, 2026 |
|
|
2,306,824 |
|
|
|
7.75 |
|
|
|
6 |
|
|
|
8.08 |
|
Exercisable at June 30, 2026 |
|
|
1,758,200 |
|
|
|
7.70 |
|
|
|
6 |
|
|
|
8.66 |
|
No stock options were granted during the six months ended June 30, 2026.
|
| Summary of Warrant Activity Associated with Equity Financings |
A summary of common stock warrant activity for the six months ended June 30, 2026 is set forth below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of Warrants Outstanding |
|
|
Weighted Average Contractual Term (in years) |
|
|
Aggregate Intrinsic Value (in thousands) |
|
|
Weighted
Average
Exercise Price Per Share |
|
Outstanding at December 31, 2025 |
|
|
1,376,056 |
|
|
|
5.51 |
|
|
$ |
— |
|
|
$ |
5.91 |
|
Granted |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Exercised |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Canceled |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Outstanding at June 30, 2026 |
|
|
1,376,056 |
|
|
|
5.00 |
|
|
|
— |
|
|
|
5.91 |
|
Exercisable at June 30, 2026 |
|
|
927,566 |
|
|
|
4.92 |
|
|
|
— |
|
|
|
5.79 |
|
|
| Summary of RSU Activity |
A summary of RSU activity for the six months ended June 30, 2026 is set forth below:
|
|
|
|
|
|
|
|
|
|
|
Number of RSUs |
|
|
Weighted
Average
Grant Date Fair Value per RSU |
|
Unvested RSUs at December 31, 2025 |
|
|
1,307,366 |
|
|
$ |
2.89 |
|
Granted |
|
|
1,108,798 |
|
|
|
1.29 |
|
Vested/shares issued |
|
|
(1,154,423 |
) |
|
|
1.41 |
|
Forfeited, cancelled, or expired |
|
|
(13,125 |
) |
|
|
2.36 |
|
Unvested RSUs at June 30, 2026 |
|
|
1,248,616 |
|
|
$ |
2.84 |
|
|
| Summary of Restricted Stock Activity |
A summary of RSPA activity for the six months ended June 30, 2026 is set forth below:
|
|
|
|
|
|
|
|
|
|
|
Number
of RSPA |
|
|
Weighted
Average
Grant Date Fair Value per RSPA |
|
Unvested RSPAs at December 31, 2025 |
|
|
13,486 |
|
|
$ |
29.13 |
|
Granted |
|
|
— |
|
|
|
— |
|
Vested |
|
|
(13,486 |
) |
|
|
29.13 |
|
Forfeited |
|
|
— |
|
|
|
— |
|
Unvested RSPAs at June 30, 2026 |
|
|
— |
|
|
|
— |
|
|
| Summary of Stock-based Compensation Expense Recognized |
A summary of stock-based compensation expense recognized for the six months ended June 30, 2026 and 2025 is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three months ended June 30, |
|
|
For The Six Months Ended June 30, |
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Stock Options |
$ |
106 |
|
|
$ |
463 |
|
|
$ |
225 |
|
|
$ |
964 |
|
RSUs |
|
445 |
|
|
|
1,617 |
|
|
|
932 |
|
|
|
1,997 |
|
RSPAs |
|
225 |
|
|
|
169 |
|
|
|
394 |
|
|
|
338 |
|
PRSUs |
|
173 |
|
|
|
1,454 |
|
|
|
583 |
|
|
|
2,211 |
|
Warrants |
|
108 |
|
|
|
107 |
|
|
|
311 |
|
|
|
179 |
|
Other |
|
1,686 |
|
|
|
— |
|
|
|
1,686 |
|
|
|
— |
|
Total Stock Based Compensation |
$ |
2,743 |
|
|
$ |
3,810 |
|
|
$ |
4,131 |
|
|
$ |
5,689 |
|
|
| Performance Based Restricted Stock Units |
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| Summary of Restricted Stock Activity |
A summary of PRSU activity for the six months ended June 30, 2026 is set forth below:
|
|
|
|
|
|
|
|
|
|
|
Number
of PRSUs |
|
|
Weighted
Average
Grant Date Fair Value per PRSU |
|
PRSUs at December 31, 2025 |
|
|
1,131,071 |
|
|
$ |
3.09 |
|
Granted |
|
|
107,500 |
|
|
|
1.17 |
|
Shares issued |
|
|
(225,000 |
) |
|
|
2.36 |
|
Forfeited, cancelled, or expired |
|
|
(53,125 |
) |
|
|
12.49 |
|
PRSUs at June 30, 2026 |
|
|
960,446 |
|
|
$ |
2.53 |
|
|