v3.26.1
Stock Based Awards (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Common Stock Available for Future Issuance

The following table presents information concerning common stock reserved for future issuance (in thousands) as of June 30, 2026:

 

   Shares Available
for Grant
 
Stock options issued and outstanding   1,073 
Restricted stock units issued and outstanding   219 
Shares authorized for future option grants   1,659 
Warrants outstanding   7,223 
Balance at June 30, 2026  $10,174 
Schedule of Stock Option Transactions

The following table summarizes stock option transactions for the 2015 and 2025 Plan, collectively, for the six months ended June 30, 2026 (in thousands, except per share amounts):

 

   Total
Options
Outstanding
   Weighted
Average
Exercise
Price
   Aggregate
Intrinsic
Value
 
Balance at December 31, 2025   537   $8.91   $        - 
Exercised   -    -    - 
Granted   554    1.07    - 
Cancelled   (18)   1.24    - 
Balance at June 30, 2026   1,073   $4.99   $- 
Schedule of Fair Value of Share Option Award

The fair value of share option awards during 2026 is estimated using the Black-Scholes option pricing method based on the following weighted-average assumptions:

 

   June 2026   January 2026 
Risk-Free interest rate   4.29%   3.83%
Expected dividend yield   0.00%   0.00%
Expected volatility   110.4    106.3 
Expected term (in years)   6.25    5.77 
Schedule of Restricted Stock Units

 

   Total
Restricted Stock Units Outstanding
   Weighted
Average
Fair Value
   Aggregate
Intrinsic
Value
 
Unvested December 31, 2025   97   $1.76   $     - 
Granted   -    -    - 
Forfeited   (6)   -    - 
Vested   (29)   -    - 
Unvested and expected to vest at June 30, 2026   62   $1.76   $-