v3.26.1
Share-based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Information about Incentive Plan

The following table contains information about the 2019 Plan as of June 30, 2026:

 

   Awards           Awards 
   Reserved for   Awards   Awards   Available for 
   Issuance   Issued   Exercised   Grant 
2019 Plan(1)   1,651,429    1,262,135    194,240    389,294 
Awards issued in excess of 2019 Plan(2)   -    100,821    92,113    - 

 

(1) Includes incentive stock options and restricted stock units discussed below.
   
(2) Includes shares of restricted common stock granted outside of the 2019 Plan to our Chief Executive Officer, Adam Levy.
Schedule of Incentive Stock Option Activity

The following table summarizes the Company’s incentive stock option activity and related information for the six months ended June 30, 2026:

 

           Weighted 
       Weighted   Average 
       Average   Contractual 
   Number of   Exercise   Term in 
   Options   Price   Years 
Outstanding at January 1, 2026   907,111   $2.94    7.03 
Granted   185,000    0.74    9.32 
Exercised            
Forfeited   (83,748)   3.56     
Outstanding at June 30, 2026   1,008,363   $2.49    6.79 
Exercisable at June 30, 2026   600,863   $2.33    6.52 
Schedule of Assumptions used in Share-based Compensation
    2026     2025  
Volatility     76.07-80.42 %     78.21 %
Risk-free interest rate     3.49-3.94 %     4.38 %
Dividend yield     0.0 %     0.0 %
Expected term     3.00-5.62 years       5.00 years  
Schedule of Restricted Stock Units Granted

The following table summarizes the Company’s restricted stock awards activity for the six months ended June 30, 2026:

 

       Weighted 
       Average 
   Number of   Grant Date 
   Units   Fair Value 
Outstanding at January 1, 2026   60,456   $2.41 
Granted   51,934    0.92 
Exercised and converted to common shares   (20,325)   1.40 
Forfeited   (23,825)   0.94 
Outstanding at June 30, 2026   68,240   $2.09 
Exercisable at June 30, 2026   62,116   $2.02 
Schedule of Common Stock Warrants

The following table shows a summary of common stock warrants through June 30, 2026:

 

       Weighted   Weighted 
       Average   Average 
   Number of   Exercise   Contractual 
   Warrants   Price   Term in Years 
Outstanding at January 1, 2026   5,142,940   $5.11    1.93 
Granted   11,975,071    0.79    5.00 
Expired   (349,314)   4.77     
Outstanding at June 30, 2026   16,768,697   $2.03    3.80 
Exercisable at June 30, 2026   16,768,697   $2.03    3.80