v3.26.1
STOCK-BASED COMPENSATION
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
STOCK-BASED COMPENSATION

NOTE 10 – STOCK-BASED COMPENSATION

 

Stock Options 

 

Summary information regarding stock options as of and during the six months ended June 30, 2026 is as follows:

 

                       
    Options
(Number)		     Weighted Average
Exercise Price
per share
($)		     Weighted Average
Remaining
Contractual Life
(Years)		  
As at January 1, 2026     53,100       17.83       2.47  
Granted     -       -          
Exercised     -       -          
Forfeited / Expired     -       -          
As at June 30, 2026     53,100       17.83       1.97  
Exercisable as at June 30, 2026     53,100       17.83       1.97  

 

During the three months ended June 30, 2026 and 2025, we recognized $0 and $31,811 of expense, respectively, related to stock options. During the six months ended June 30, 2026 and 2025, we recognized $3,356 and $68,457 of expense, respectively, related to stock options. As of June 30, 2026, the aggregate intrinsic value for all options outstanding as well as all options exercisable was zero, and remaining unrecognized stock option expense was zero.

 

Restricted Stock Units

 

Summary information regarding restricted stock units as of and during the six months ended June 30, 2026 is as follows:

 

               
    Restricted
Stock Units
(Number)		     Weighted Average
Grant Date
Fair Value
($)		  
As at January 1, 2026     562,648       2.85  
Granted     -       -  
Vested     (103,067 )     3.18  
Forfeited     (1,200 )     6.88  
As at June 30, 2026     458,381       2.77  

 

During the three months ended June 30, 2026 and 2025, we recognized $198,325 and $132,903 of expense, respectively, related to restricted stock units. During the six months ended June 30, 2026 and 2025, we recognized $395,961 and $273,832 of expense, respectively, related to restricted stock units. As of June 30, 2026, unrecognized restricted stock unit expense of approximately $1,088,000 remains to be recognized over the next 1.58 years.

 

Stock Grants

 

Effective April 1, 2024, pursuant to the terms of a brand ambassador agreement, we issued to an individual 4,500 shares of our common stock as compensation for the first year of the agreement. The value of the consideration transferred, measured using the fair value of our common stock at the date of issuance, was $21,690, which was recognized as expense on a straight-line basis from April 1, 2024 through March 31, 2025. We recognized $5,423 of expense for the six months ended June 30, 2025, relative to this stock grant.

 

Effective April 1, 2025, pursuant to the terms of a brand ambassador agreement, we issued to the same individual 11,539 shares of our common stock as compensation for the second year of the agreement. The value of this consideration transferred, measured using the fair value of our common stock at the date of issuance, was $30,000, which was recognized as expense on a straight-line basis from April 1, 2025 through March 31, 2026. We recognized $7,500 of expense for the six months ended June 30, 2026, relative to this stock grant.

 

Effective May 6, 2026, we issued to a nonemployee individual 2,000 shares of our common stock. The value of the consideration transferred, measured using the fair value of our common stock at the date of issuance, was $2,040, and was fully recognized as an expense during the three and six months ended June 30, 2026.