v3.26.1
STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
A summary of the stock option activity and related information for the Plans for the six months ended June 30, 2026, is as follows:

A summary of the stock option activity and related information for the Plans for the six months ended June 30, 2026, is as follows:

 

   Shares   Weighted-
Average
Exercise Price
  

Weighted- 

Average
Remaining
Contractual 

Term 

   Aggregate
Intrinsic
Value
 
Outstanding at December 31, 2025   1,150,551   $43,826    9.26   $0 
Grants   1,247,339    14.97          
Exercised   (1,516)   8.05           
Forfeitures or expirations   (113,338)   368,197           
                     
Outstanding at June 30, 2026   2,283,036   $3,816    9.25   $2,563,046 
Exercisable at June 30, 2026   455,578   $19,062    8.73   $1,138,489 
The assumptions used in the valuation of stock options granted during the six months ended June 30, 2026, and 2025 were as follows:

The assumptions used in the valuation of stock options granted during the six months ended June 30, 2026, and 2025 were as follows:

 

    Six Months Ended
June 30, 2026
    Six Months Ended
June 30, 2025
 
Risk-free interest rate     3.81% to 4.32 %     3.81% to 4.30 %
Expected term of option     5.50 to 6.08 years       5.50 to 6.08 years  
Expected stock price volatility     132.61% to 148.41 %     149.34% to 153.44 %
Expected dividend yield     0.0       0.0