8. Stock-Based Compensation

Restricted Common Stock

On April 16, 2026, the Company entered into a Separation Agreement and Release (the “Separation Agreement”) with Cyril A. Wallace, Jr., former Chief Executive Officer. In consideration of Mr. Wallace’s execution of a general release of claims in favor of the Company and its affiliates and his compliance with the other terms of the Separation Agreement, the Company agreed to provide Mr. Wallace with certain separation benefits, including a grant to Mr. Wallace of a restricted stock award under the Company’s Amended and Restated 2020 Equity Incentive Plan (the “2020 Plan”) covering 36,657 shares of the Company’s common stock with a fair value of $94, issued on April 28, 2026 and fully vested at the time of issuance. 

Stock Options

The following table summarizes stock option activity during the six months ended June 30, 2026:

Schedule of Stock Option Activity

During the six months ended June 30, 2026 and 2025, the Company recognized $8 and $56 of compensation expense relating to vested stock options, respectively. As of June 30, 2026, the aggregate amount of unvested compensation related to stock options was approximately $2, which will be recognized as an expense as the options vest in future periods through July 30, 2027.

As of June 30, 2026, the outstanding and exercisable options have no aggregate intrinsic value. The aggregate intrinsic value was calculated as the difference between the closing market price as of June 30, 2026, which was $1.27, and the exercise price of the outstanding stock options.