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Stockholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2026
Stockholders Equity Note [Abstract]  
Summary of Stock Option Activity

A summary of stock option activity under the Company’s current equity incentive plans during the six month period ended June 30, 2026, was as follows:

 

 

 

Stock Options Outstanding

 

 

 

Number of
Underlying Shares

 

 

Weighted
Average
Exercise
Price

 

 

Weighted
Average
Remaining
Contractual
Life (in years)

 

 

Aggregate
Intrinsic
Value

 

Outstanding on January 1, 2026

 

 

621,539

 

 

$

2.81

 

 

 

5.37

 

 

$

9,705,525

 

Granted

 

 

-

 

 

$

-

 

 

 

-

 

 

 

-

 

Forfeited / Canceled

 

 

(9,315

)

 

$

1.19

 

 

 

-

 

 

 

(328,112

)

Exercised

 

 

(60,649

)

 

$

3.13

 

 

 

-

 

 

$

(912,698

)

Outstanding on June 30, 2026

 

 

551,575

 

 

$

2.83

 

 

 

5.39

 

 

$

8,464,716

 

Exercisable as of June 30, 2026

 

 

451,575

 

 

$

2.81

 

 

 

5.05

 

 

$

6,941,716

 
Schedule of Grant Date Fair Value of Options Vested and the Intrinsic Value of Options Exercised The following table presents the grant date fair value of options vested and the intrinsic value of options exercised:

 

 

 

For the Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

Grant date fair value of options vested

 

$

760,142

 

 

$

688,212

 

Intrinsic value of options exercised

 

$

912,698

 

 

$

479,040

 

 

 

 

 

 

 
Schedule of RSU Activity

The Company’s RSU activity for the six months ended June 30, 2026, was as follows:

 

 

 

Restricted Stock Units

 

 

 

Number of
Underlying Shares

 

 

Weighted
Average Grant
Date Fair Value

 

Unvested on January 1, 2026

 

 

997,647

 

 

$

3.32

 

Granted

 

 

484,743

 

 

$

10.34

 

Vested

 

 

(410,070

)

 

$

3.19

 

Canceled

 

 

(26,136

)

 

$

3.18

 

Unvested on June 30, 2026

 

 

1,046,184

 

 

$

6.62

 
Summary of Stock-Based Compensation Expense Associated with Continuing Operations

Stock-based compensation expense associated with continuing operations for the three and six month periods ended June 30, 2026 and 2025, was comprised of the following:

 

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

Stock-based compensation classified as:

 

2026

 

 

2025

 

 

2026

 

 

2025

 

General and administrative

 

$

557,051

 

 

$

323,327

 

 

$

962,411

 

 

$

731,573

 

Production

 

 

53,304

 

 

 

21,906

 

 

 

92,744

 

 

 

43,327

 

Marketing and selling

 

 

179,704

 

 

 

89,312

 

 

 

325,141

 

 

 

181,082

 

Research and development

 

 

71,154

 

 

 

48,805

 

 

 

136,045

 

 

 

105,773

 

 

 

$

861,213

 

 

$

483,350

 

 

$

1,516,341

 

 

$

1,061,755