v3.26.1
Shareholders' Equity and Share Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity

Stock option activity for the six months ended June 30, 2026 was as follows:

 

 

Number of
Options

 

 

Weighted
Average
Exercise Price

 

 

Weighted
Average
Remaining
Contractual
Term (years)

 

 

Aggregate
Intrinsic
Value

 

Outstanding at December 31, 2025

 

 

6,462,746

 

 

$

3.42

 

 

 

5.36

 

 

$

10,869

 

Granted

 

 

 

 

$

 

 

 

 

 

$

 

Exercised

 

 

(280,001

)

 

$

1.07

 

 

 

 

 

 

 

Forfeited/expired

 

 

(255,000

)

 

$

5.59

 

 

 

 

 

 

 

Outstanding at June 30, 2026

 

 

5,927,745

 

 

$

3.42

 

 

 

5.09

 

 

$

3,740

 

Exercisable at June 30, 2026

 

 

5,124,041

 

 

$

3.82

 

 

 

5.13

 

 

$

2,857

 

 

Summary of Restricted Common Shares Activity

Restricted Common Share activity for the six months ended June 30, 2026 was as follows:

 

 

Number of
Restricted Share Grants

 

 

Weighted Average Grant Date Fair Value

 

Outstanding at December 31, 2025

 

 

2,545,524

 

 

$

0.73

 

Granted

 

 

 

 

 

 

Vested and issued

 

 

(495,560

)

 

 

0.60

 

Forfeited

 

 

(439,148

)

 

 

0.60

 

Outstanding at June 30, 2026

 

 

1,610,816

 

 

$

0.80

 

Exercisable at June 30, 2026

 

 

 

 

$

-

 

Common
Summary of Warrant Activity

Warrant activity for the six months ended June 30, 2026 was as follows:

 

 

Number of
Shares Underlying the Warrants

 

 

Weighted
Average
Exercise Price

 

 

Weighted
Average
Remaining
Contractual
Term (years)

 

Outstanding at December 31, 2025

 

 

15,533,900

 

 

$

1.65

 

 

 

2.50

 

Exercised

 

 

(235,000

)

 

$

1.65

 

 

 

 

Issued

 

 

 

 

$

-

 

 

 

-

 

Expired

 

 

 

 

$

-

 

 

 

-

 

Outstanding at June 30, 2026

 

 

15,298,900

 

 

$

1.65

 

 

 

2.00