v3.26.1
Stock Based Compensation
6 Months Ended
Jun. 30, 2026
Stock Based Compensation [Abstract]  
STOCK BASED COMPENSATION

8. STOCK BASED COMPENSATION

 

Restricted Stock Grants

 

For the three and six months ended June 30, 2026 and 2025, $0 and $6,598, and $0 and $13,124, respectively, of stock-based compensation was expensed and included in general and administrative expenses on the accompanying condensed consolidated statements of operations. The restricted stock was valued based on the fair value of the stock on grant date. At June 30, 2026, there was no remaining unrecognized stock-based compensation expense.

 

The following table summarizes our restricted stock activity for the six months ended June 30, 2026 and the year ended December 31, 2025:

 

   Six Months
Ended
June 30,
 
   2026 
Balance at beginning of period   2,050,000 
Granted   
 
Expired / Cancelled   
 
Released   
 
Balance at end of period   2,050,000 

 

   Year ended December 31, 
   2025 
Balance at beginning of period   1,050,000 
Granted   1,000,000 
Expired / Cancelled   
 
Released   
 
Balance at end of period   2,050,000