v3.26.1
STOCK-BASED COMPENSATION PLANS
 3 Months Ended
Jun. 30, 2026
Retirement Benefits [Abstract]  
STOCK-BASED COMPENSATION PLANS

8. STOCK-BASED COMPENSATION PLANS

 

Time-based RSUs

 

A summary of time-based RSU activity is presented below:

 

       Weighted- 
       Average 
       Grant Date 
   Shares   Fair Value 
         
Outstanding at March 31, 2026   1,554,348   $0.62 
Granted   -    - 
Vested   (93,750)   0.55 
Forfeited   (444,973)   0.61 
Outstanding at June 30, 2026   1,015,625   $0.63 

 

The total stock compensation expense recognized related to vesting of time-based RSUs for the three months ended June 30, 2026 and 2025, was $62 and $36, respectively, and was recognized on the accompanying condensed consolidated statements of operations and comprehensive loss as a component of selling, general and administrative expenses. As of June 30, 2026, the total unrecognized stock-based compensation for time-based RSUs totaled $873 and are expected to be recognized over a weighted average period of 3.1 years.

 

 

Stock Options

 

A summary of option activity is presented below:

 

           Weighted-     
       Weighted-   Average     
       Average   Remaining   Aggregate 
       Exercise   Contractual   Intrinsic 
   Options   Price   Life (Years)   Value 
                 
Outstanding at March 31, 2026   643,300   $1.25    2.05   $388 
Granted   -    -           
Forfeited   (350,274)   1.28           
Exercised   -    -           
Outstanding at June 30, 2026   293,026   $1.21    8.06   $2 
Vested and expected to vest at June 30, 2026   256,221   $1.11    8.06   $2 
Exercisable at June 30, 2026   153,385   $1.05    7.47   $2 

 

The total stock compensation expense recognized related to vesting of stock options for the three months ended June 30, 2026 and 2025 was $5 and $98, respectively, and was recognized on the accompanying condensed consolidated statements of operations and comprehensive loss as a component of selling, general and administrative expenses. As of June 30, 2026 the total unrecognized stock-based compensation for stock options was $170 and is expected to be recognized over a weighted average period of 1.8 years.