v3.26.1
Stock Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Recognized Stock Based Compensation

For the three and six months ended June 30, 2026 and 2025, the Company recognized stock-based compensation expense as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(Amounts in 000’s)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Employee compensation:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock awards

 

$

38

 

 

$

25

 

 

$

89

 

 

$

47

 

Restricted stock units

 

 

19

 

 

 

—

 

 

 

32

 

 

 

—

 

Stock options

 

 

16

 

 

 

—

 

 

 

28

 

 

 

—

 

Total employee stock-based compensation expense

 

 

73

 

 

 

25

 

 

 

149

 

 

 

47

 

Non-employee compensation:

 

 

 

 

 

 

 

 

 

 

 

 

Board stock options

 

 

—

 

 

 

—

 

 

 

20

 

 

 

—

 

Total non-employee stock-based compensation expense

 

 

—

 

 

 

—

 

 

 

20

 

 

 

—

 

Total stock-based compensation expense, net of forfeitures

 

$

73

 

 

$

25

 

 

$

169

 

 

$

47

 
Summary of Company's Restricted Stock Awards And Restricted Stock Units Activity

The following table summarizes the Company's restricted stock awards ("RSAs") activity for the six months ended June 30, 2026:

 

 

Number of
Shares (000's)

 

 

Weighted Avg.
Grant Date
(per Share)
Fair Value

 

Unvested, December 31, 2025

 

 

185

 

 

$

2.40

 

Vested

 

 

(61

)

 

$

2.71

 

Forfeited

 

 

(10

)

 

$

2.18

 

Unvested, June 30, 2026

 

 

114

 

 

$

2.26

 

The following table summarizes the Company's restricted stock units ("RSUs") activity for the six months ended June 30, 2026:

 

 

Number of
Shares (000's)

 

 

Weighted Avg.
Grant Date
(per Share)
Fair Value

 

Unvested, December 31, 2025

 

 

—

 

 

$

—

 

Granted

 

 

135

 

 

$

1.29

 

Unvested, June 30, 2026

 

 

135

 

 

$

1.29

 
Summary of Company's Stock Option Activity

The following summarizes the Company's employee stock option activity for the six months ended June 30, 2026:

 

 

Number of
Shares (000's)

 

 

Weighted
Average
Exercise
Price

 

 

Weighted
Average
Fair Value

 

 

Weighted
Average
Remaining
Contractual
Term
(in years)

 

 

Aggregate
Intrinsic
Value (000's)

 

Outstanding, December 31, 2025

 

 

—

 

 

$

—

 

 

$

—

 

 

 

—

 

 

$

—

 

Granted

 

 

153

 

 

$

1.29

 

 

$

1.13

 

 

 

—

 

 

 

 

Forfeited

 

 

(3

)

 

$

1.30

 

 

$

1.10

 

 

 

—

 

 

$

—

 

Outstanding, June 30, 2026

 

 

150

 

 

$

1.29

 

 

$

1.13

 

 

 

9.6

 

 

$

—

 

Vested and exercisable, June 30, 2026

 

 

15

 

 

$

1.30

 

 

$

1.10

 

 

 

9.5

 

 

$

—

 

Vested and expected to vest, June 30, 2026

 

 

150

 

 

$

1.29

 

 

$

1.13

 

 

 

9.6

 

 

$

—

 
Summary of Weighted Average Information On Stock Option Awards Granted Using Black-Scholes Option-Pricing Model Inputs

The following summarizes the weighted average information on our stock option awards granted using the Black-Scholes option-pricing model inputs for the six months ended June 30, 2026 and 2025:

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

Dividend yield

 

—%

 

 

—%

 

Expected volatility

 

 

123.44

%

 

—%

 

Risk-free interest rate

 

 

3.91

%

 

—%

 

Expected term (in years)

 

 

5.7

 

 

 

—

 
Schedule of Exercise Price Range

The following summary information reflects stock options outstanding, vested, and related details as of June 30, 2026:

 

 

Stock Options Outstanding

 

Stock Options Exercisable

Exercise Price

 

Number of
Shares (000's)

 

Weighted
Average
Remaining
Contractual
Term
(in years)

 

Weighted
Average
Exercise
Price

 

Number of
Shares (000's)

 

Weighted
Average
Remaining
Contractual
Term
(in years)

 

Weighted
Average
Exercise
Price

$1.29-$1.30

 

150

 

9.6

 

$1.29

 

15

 

9.5

 

$1.30