Share Based Compensation |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Share Based Compensation [Abstract] | |
| SHARE BASED COMPENSATION | 15. SHARE BASED COMPENSATION
On March 10, 2025, the Compensation Committee of the Board of Directors of the Company granted 31,250 shares of common stock of the Company, par value $0.001, pursuant to the Company’s 2024 Omnibus Equity Plan, to certain officers and employees of the Company and its subsidiaries (the “Grantees”). As the closing price of the Company stock was $34.72 on March 10, 2025, the Company recorded an expense of $1.09 million in the first quarter of fiscal year 2025. As of March 10, 2025, the Shares have been issued to the Grantees.
On May 29, 2026, the Compensation Committee of the Board of Directors of the Company granted 312,500 shares of common stock of the Company, par value $0.001, pursuant to the Company’s 2025 Omnibus Equity Plan, to certain officers and employees of the Company and its subsidiaries (the “Grantees”). As the closing price of the Company stock was $4.44 on June 3, 2026, the Company recorded an expense of $1.39 million in the second quarter of fiscal year 2026. As of June 3, 2026, the Shares have been issued to the Grantees. |