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NOTE 6. – EQUITY-BASED COMPENSATION

The Company maintains an Omnibus Incentive Plan that was approved by the Company’s shareholders and is administered by the Compensation Committee of the Company’s Board of Directors. The Omnibus Incentive Plan provides for the granting of stock options, time and performance based restricted stock units (“RSUs”), among other awards to service providers, employees and non-employee directors. As of June 30, 2026, the Company had available 3,772,857 shares remaining for future awards under its Omnibus Incentive Plan.

Compensation Expense – The Company recognized the following compensation costs, net of actual forfeitures, related to RSUs and stock options:

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Additionally, during the three and six months ended June 30, 2026, the Company recognized $60 of non-employee equity compensation related to the issuance of 841 shares for marketing and consulting services, and issued an additional 60,000 shares for additional services through December 2026 with $236 of remaining unrecognized non-employee equity compensation expense.

Restricted Stock Units – We typically grant RSUs to employees and non-employee directors. The following table summarizes the changes in unvested RSUs from January 1, 2026 through June 30, 2026:

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The fair value of RSUs that vested during the six months ended June 30, 2026 was approximately $1, based on the stock price at the time of vesting. As of June 30, 2026, unrecognized compensation expense for RSUs amounted to $512 which is expected to be recognized over a weighted average period of approximately 2.2 years.

Stock Options – Our outstanding stock options were valued using the Black-Scholes option-pricing model on the date of the award. The following table summarizes the status and activity of stock options from January 1, 2026 through June 30, 2026.

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The intrinsic value of a stock option is the amount by which the current market value or the market value upon exercise of the underlying stock exceeds the exercise price of the option.

As of June 30, 2026, unrecognized compensation expense for stock options amounted to $1,349, which is expected to be recognized over a weighted average period of approximately 2.2 years.

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