Stock-based Compensation (Tables)

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Changes in Common Stock Options

The following summarizes the changes in common stock options for the six months ended June 30, 2026:


		Options				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term (Years)				Aggregate Intrinsic Value (In thousands)
Outstanding as of December 31, 2025			2,172,600			$	1.76				5.1			$	408
Granted			955,000			$	1.30
Exercised			(31,875	)		$	0.70
Forfeited			(45,000	)		$	0.70
Outstanding as of June 30, 2026			3,050,725			$	1.64				6.2			$	351

Options exercisable as of June 30, 2026			1,843,100			$	1.71				4.2			$	351

Schedule of Restricted Stock Awards and Stock-based Compensation

The following summarizes the restricted stock awards and related stock-based compensation expense (in thousands, except share count and award fair value):


		Grant Date	Vesting Date	Restricted Stock Granted			Per Share Grant Date Fair Value			Compensation Expense for the six months ended June 30,						Unrecognized Compensation Expense as of,
										2025			2026			June 30, 2026
Employees		March 7, 2024	March 7, 2025		128,044		$	2.93			67			—			—
Non-executive directors		March 7, 2024	March 7, 2025		75,000		$	2.93			40			—			—
Employees		January 1, 2025	December 31, 2028 [1]		125,000		$	1.85			29			29			145
Employees		March 6, 2025	March 6, 2026		68,051		$	2.11			46			26			—
Non-executive directors		March 6, 2025	March 6, 2026		100,000		$	2.11			67			38			—
Non-executive directors		March 5, 2026	March 5, 2027 [2]		100,000		$	1.30			—			42			88
Total										$	249		$	134		$	233

[1] These restricted stock awards vest 25% annually over four years, until fully vested on December 31, 2028.

[2] These restricted stock awards vest 25% quarterly over one year, until fully vested on March 5, 2027.