STOCK BASED COMPENSATION |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| STOCK BASED COMPENSATION | NOTE 6 – STOCK BASED COMPENSATION The following table summarizes stock option activities:
The intrinsic value of outstanding options at June 30, 2026 was $0. Stock options granted during the six months ended June 30, 2026 were valued using the Black-Scholes option-pricing model with the following weighted average assumptions:
Stock based compensation expense was approximately $532,000 ($280,000 included in research and development expense and $252,000 included in general and administrative expenses) in the three months ended June 30, 2026. Stock based compensation expense was approximately $977,000 ($502,000 included in research and development expense and $475,000 included in general and administrative expenses) in the six months ended June 30, 2026. Stock based compensation expense was approximately $321,000 ($86,000 included in research and development expense and $235,000 included in general and administrative expenses) in the three months ended June 30, 2025 and approximately $682,000 ($206,000 included in research and development expense and $476,000 included in general and administrative expenses) in the six months ended June 30, 2025. At June 30, 2026, the total unrecognized compensation expense related to non-vested options was approximately $6.8 million and is expected to be recognized over the remaining weighted average service period of approximately 3.47 years. |
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