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| Stock-Based Compensation | Note 8 – Stock-Based Compensation
We maintain a stock-based compensation program intended to attract, retain and provide incentives for talented employees and directors and align stockholder and employee interests. On March 21, 2025, the Board of Directors adopted the 2025 Omnibus Equity Compensation Plan (the "2025 Plan"), which was approved by stockholders at the annual meeting held on May 22, 2025. The 2025 Plan replaced the 2017 Equity Compensation Plan ("2017 ECP") for new awards. Outstanding awards granted under the 2017 ECP remain subject to their original terms. During the six months ended June 30, 2026 we granted restricted stock units ("RSUs") under the 2025 Plan. During the six months ended June 30, 2025, we granted RSUs under the 2017 ECP. RSU vesting periods are generally up to three years and/or based upon achieving certain financial targets.
At June 30, 2026, shares subject to outstanding awards under the 2017 ECP and 2025 Plan were 426,970 and 236,500 shares, respectively. Shares available for future grant under the 2025 Plan at June 30, 2026, were 861,820.
As of June 30, 2026, the total share reserve authorized under the 2025 Plan was 1,098,320.
Compensation Expense
For the three months ended June 30, 2026 and June 30, 2025, we recorded stock-based compensation expense for all equity incentive plans of $240,428 and $291,789 respectively. For the six months ended June 30, 2026 and June 30, 2025, we recorded stock-based compensation expense for all equity incentive plans of $543,147 and $596,073, respectively. Total compensation cost not yet recognized at June 30, 2026 was $1,132,678, which will be recognized over a weighted-average recognition period of approximately 1.2 years. There were no stock options granted during the three and six months ended June 30, 2026.
The following table summarizes outstanding stock-based awards as of six months ended June 30, 2026:
The fair value of restricted stock units is determined using market value of the common stock on the date of the grant.
The following table summarizes the stock grants outstanding under 2017 ECP and 2025 Plan as of June 30, 2026:
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