v3.26.1
RESTRICTED STOCK AND WARRANTS (Tables)
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of unvested restricted stock awards
        
       Weighted - 
       Average 
   Number of   Grant 
   Award Shares   Date Fair Value 
         
Unvested at December 31, 2025   70,000   $1.04 
           
Granted   -    - 
           
Vested   -    - 
           
Forfeited   -    - 
           
Balance at June 30, 2026   70,000   $1.04 
Schedule of unvested restricted stock units
        
       Weighted - 
       Average 
   Number of   Grant 
   Unit Shares   Date Fair Value 
Unvested at December 31, 2025   232,801   $1.32 
           
Granted   -    - 
           
Vested   (138,801)   1.57 
           
Forfeited   -    - 
           
Balance at June 30, 2026   94,000   $0.95 
Schedule of unvested performance restricted stock units
        
       Weighted - 
       Average 
   Number of   Number of 
   Unit Shares   Unit Shares 
Unvested at December 31, 2025   1,321,591   $1.15 
           
Granted   -    - 
           
Forfeited/Cancelled   (168,183)   1.55 
           
Balance at June 30, 2026   1,153,408   $1.10 
Schedule of warrants outstanding
                 
   Number of
Warrant Shares
 

Weighted-

Average

Exercise

Price

  

Weighted -

Average

Remaining

Contractual

Term

(in years)

 

Aggregate

Intrinsic

Value

(in thousands)(1)

Balance as of December 31, 2025   1,555,207   3.95    4.4    
                  
Issued   -   -         
                  
Exercised   -   -         
                  
Expired   -   -         
                  
Balance as of June 30, 2026   1,555,207  $3.95    3.9    
                  
Exercisable as of June 30, 2026   1,555,207  $3.95    3.9 $      -

 

(1)The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying warrants and the closing stock price of $0.614 for our common stock on June 30, 2026.