Stock-Based Compensation (Tables)
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6 Months Ended |
Jun. 30, 2026 |
| Stock-Based Compensation |
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| Schedule of weighted average valuation assumptions for stock options |
| | | | | | | | June 30, | | June 30, | | | | 2026 | | 2025 | | Risk-Free Interest Rate | | 4.43 | % | 4.53 | % | Weighted Average Exercise Price | | 12.60 | $ | 14.70 | | Weighted Average Stock Price | | 11.55 | $ | 14.70 | | Expected Life of Options (years) | | 7.00 | | 7.00 | | Expected Annualized Volatility | | 100.00 | % | 100.00 | % | Grant Fair Value | | 9.60 | $ | 12.30 | | Expected Forfeiture Rate | | N/A | | N/A | | Expected Dividend Yield | | N/A | | N/A | |
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| Schedule of stock option activity |
| | | | | | | | | | | | Weighted Average | | Weighted Avg. | | | Number of Options | | Exercise Price | | Remaining Life | Balance, December 31, 2024 | | 1,041,088 | | $ | 14.53 | | 5.45 | Forfeitures | | (98,524) | | | 7.80 | | — | Exercised | | (24,106) | | | 5.10 | | — | Granted | | 238,639 | | | 18.60 | | — | Options Outstanding at December 31, 2025 | | 1,157,097 | | $ | 13.50 | | 5.76 | Forfeitures | | (76,674) | | | 18.42 | | — | Exercised | | (10,056) | | | 4.80 | | — | Granted | | 21,082 | | | 12.72 | | — | Options Outstanding at June 30, 2026 | | 1,091,449 | | $ | 14.31 | | 5.52 | | | | | | | | | Options Exercisable at June 30, 2026 | | 802,413 | | $ | 13.21 | | 4.16 |
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| Summary of warrants outstanding |
| | | | | | | | | | Number of | | Weighted Average | | Weighted Average | SVS Warrants | | Warrants | | Exercise Price | | Remaining Life | Warrants outstanding at December 31, 2024 | | 530,652 | | $ | 6.49 | | 3.56 | Expired | | (5,000) | | | 44.70 | | — | Exercised | | (8,854) | | | 4.35 | | — | Warrants outstanding at December 31, 2025 | | 516,798 | | $ | 6.66 | | 2.56 | Granted | | 2,666,667 | | | 25.50 | | — | Warrants outstanding at June 30, 2026 | | 3,183,465 | | $ | 22.34 | | 4.34 | | | | | | | | | Warrants exercisable at June 30, 2026 | | 3,183,465 | | $ | 22.34 | | 4.34 |
| | | | | | | | | | Number of | | Weighted Average | | Weighted Average | SVS Warrants Denominated in C$ | | Warrants | | Exercise Price | | Remaining Life | Warrants outstanding at December 31, 2024 and 2025 | | 101,255 | | $ | 105.00 | | 0.23 | Expired | | (101,255) | | | — | | — | Warrants outstanding at June 30, 2026 | | — | | $ | — | | — |
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| Summary of RSU activity |
| | | | | | | | | | Weighted Avg. | | | Number of Shares | | Fair Value | Balance, December 31, 2024 | | 377,584 | | $ | 12.00 | Granted | | 2,370,331 | | | 12.60 | Settled | | (760,197) | | | 14.70 | Forfeitures | | (2,211) | | | 54.30 | Balance, December 31, 2025 | | 1,985,507 | | | 11.51 | Granted | | 228,432 | | | 11.55 | Settled | | (115,780) | | | 12.85 | Balance, June 30, 2026 | | 2,098,159 | | $ | 11.44 | | | | | | | Vested at June 30, 2026 | | 241,451 | | $ | 11.35 |
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