Award Timing Disclosure |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 |
Jun. 30, 2025
USD ($)
shares
$ / shares
|
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| Award Timing Disclosures [Line Items] | ||||||||||||||||||||||||||||||||||||||||
| Award Timing MNPI Disclosure | We
do not have any formal policies regarding the timing of awards of options in relation to the disclosure of material nonpublic information.
On June 30, 2025, we granted Virgilio D. Torres an option to purchase 323,884 shares of the Company’s common stock with an exercise
price of $0.36. As a result of the Company’s 1-for-15 reverse stock split, effected on December 1, 2025, the number of shares issuable
upon the exercise of this option was reduced to 21,592, with an exercise price of $5.40 per share. On July 2, 2025, we filed a Current
Report on Form 8-K announcing that the Company had received deficiency letters from the Listing Qualifications Department of Nasdaq.
Accordingly, the June 30, 2025 grant occurred during a period beginning four business days before the filing of a Form 8-K that disclosed
material nonpublic information and ending one business day after the filing of such report. The table below provides the information
required by Item 402(x) of Regulation S-K:
If we grant additional options in the future, it is anticipated that the Board will take material nonpublic information into account when determining the timing and terms of such an award, with the goal being to not grant such awards close in time to the release of any material nonpublic information. We have never timed the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation. |
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| Award Timing Method | If we grant additional options in the future, it is anticipated that the Board will take material nonpublic information into account when determining the timing and terms of such an award, with the goal being to not grant such awards close in time to the release of any material nonpublic information. | |||||||||||||||||||||||||||||||||||||||
| Award Timing Predetermined | true | |||||||||||||||||||||||||||||||||||||||
| Award Timing MNPI Considered | false | |||||||||||||||||||||||||||||||||||||||
| MNPI Disclosure Timed for Compensation Value | false | |||||||||||||||||||||||||||||||||||||||
| Name | Virgilio D. Torres, Chief Financial Officer, Secretary and Director | |||||||||||||||||||||||||||||||||||||||
| Underlying Securities | shares | 21,592 | |||||||||||||||||||||||||||||||||||||||
| Exercise Price | $ / shares | $ 5.40 | |||||||||||||||||||||||||||||||||||||||
| Fair Value as of Grant Date | $ | $ 2.58 | |||||||||||||||||||||||||||||||||||||||
| Underlying Security Market Price Change | 0.0634 | |||||||||||||||||||||||||||||||||||||||