Stockholders Equity |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Stockholders Equity | |
| Stockholders' Equity | 11. Stockholders’ Equity
Common Stock
The Company is authorized to issue 30,000,000 shares of common stock, $.001 par value per share. As of June 30, 2026, there were 9,994,617 shares issued and outstanding.
During the three months ended June 30, 2026, 65,900 shares of restricted common stock vested in accordance with the vesting terms of the RSAs. Certain employees received less than the shares vested because they elected to have a total of 2,718 shares withheld in satisfaction of the employees corresponding tax liability of approximately $27,992. The Company’s payment of this tax liability was recorded as a cash flow from financing activity on the condensed consolidated statement of cash flows.
During the six months ended June 30, 2026, 174,619 shares of restricted common stock vested in accordance with the vesting terms of the RSAs. Certain employees received less than the shares vested because they elected to have a total of 22,621 shares withheld in satisfaction of the employees corresponding tax liability of approximately $134,874. The Company’s payment of this tax liability was recorded as a cash flow from financing activity on the condensed consolidated statement of cash flows.
During the three months ended June 30, 2025, 94,920 shares of restricted common stock vested in accordance with the vesting terms of the RSAs. Certain employees received less than the shares vested because they elected to have a total of 3,681 shares withheld in satisfaction of the employees corresponding tax liability of approximately $15,407. The Company’s payment of this tax liability was recorded as a cash flow from financing activity on the condensed consolidated statement of cash flows.
During the six months ended June 30, 2025, 197,933 shares of restricted common stock vested in accordance with the vesting terms of the RSAs. Certain employees received less than the shares vested because they elected to have a total of 28,208 shares withheld in satisfaction of the employees corresponding tax liability of approximately $130,618. The Company’s payment of this tax liability was recorded as a cash flow from financing activity on the condensed consolidated statement of cash flows.
During the three and six month periods ended June 30, 2026, employees exercised stock options covering 140,000 shares of common stock. The exercises were completed through net-share settlement arrangements. The Company withheld 40,550 shares with a value sufficient to satisfy the aggregate exercise price and employee tax withholding requirements and issued 99,450 net shares to employees. The fair value of shares withheld totaled approximately $280,373. The withheld shares were recorded as a reduction of stockholders' equity.
There were no stock option exercises during the six months ended June 30, 2025. |