Stock-Based Compensation |
6 Months Ended | ||||||||||
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Jun. 30, 2026 | |||||||||||
| Share-Based Payment Arrangement [Abstract] | |||||||||||
| Stock-Based Compensation |
On February 19, 2026, the Company issued options to new members of the Board of Directors. The options vest over a 12-month period and have an exercise price of $ per share. The options expire five years after issuance. The fair value of the options granted was $0.055 per share, or $8,250 which was calculated using the Black-Scholes model.
On June 22, 2026, the Company granted options to newly appointed Chief Financial Officer under the Company’s 2025 Omnibus Equity Incentive Plan. The options vest over a 48-month period and have an exercise price of $ per share. The options expire five years after issuance. The fair value of the options granted was $0.054 per share, or $81,000 which was calculated using the Black-Scholes model.
The options were valued using the Black-Scholes options pricing model with the following assumptions:
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