XML 58 R39.htm IDEA: XBRL DOCUMENT v3.26.1

SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2025

SHARE-BASED COMPENSATION [Abstract]

Stock Option Activity

The following table summarizes stock option activity for the year ended December 31, 2025:

					Weighted Average
		Options on Common Shares				Exercise Price				Remaining Contractual Term				Aggregate Intrinsic Value
Outstanding January 1, 2025		3,944,284			$	2.12				8.30			$	1,486
Granted		5,273,927				1.98				-				-
Exercised		(171,415	)			1.43				-				-
Forfeited, cancelled, expired		(2,597,262	)			2.05				-				-
Outstanding December 31, 2025		6,449,534			$	2.05				8.56			$	3,469
Exercisable December 31, 2025		1,713,774			$	2.41				7.37			$	936

Stock Option Activity, Fair Value of Assumptions

The Company uses the Black-Scholes option pricing model to determine the fair value of service-based options granted. The following table summarizes the assumptions used to compute the fair value of options granted to employees and non-employees:

	For the Year Ended December 31,
		2025				2024
Expected stock price volatility		76	%			76	%
Risk-free interest rate		4.06	%			3.82	%
Expected dividend yield		0	%			0	%
Expected life of options		6				6
Weighted-average fair value of options granted	$	1.38			$	1.44

Stock Option Outstanding

The following table summarizes information about stock options outstanding at December 31, 2025:

									Weighted
									Average				Weighted								Weighted
									Remaining				Average								Average
Range of					Number				Contractual				Exercise				Number				Exercise
Exercise Prices					Outstanding				Life (Years)				Price				Exercisable				Price
$1.00	–	$2.00				4,282,059				8.60			$	1.58				982,542			$	1.43
$2.01	–	$3.00				1,735,000				9.26			$	2.48				398,758			$	2.45
$3.01	–	$4.00				150,000				8.09			$	3.88				49,999			$	3.88
$4.01	–	$5.00				83,975				5.02			$	4.37				83,975			$	4.37
$5.01	–	$6.58				198,500				3.54			$	5.96				198,500			$	5.96

Restricted Stock Units Activity

The 2017 Plan provides for the grant of restricted stock units (“RSUs”). RSUs are settled in shares of the Company’s Common Stock as the RSUs become vested. The following table summarizes RSU activity for the years ended December 31, 2025 and 2024:

						Weighted				Weighted
		Service-Based				Average Grant				Average Vesting
		RSU's				Date Fair Value				Period (Years)
Unvested at December 31, 2023		810,588				1.73				2.52
Granted-service based		881,004				2.60
Vested		(465,763	)			2.03
Forfeited and cancelled		(237,727	)			2.26
Unvested at December 31, 2024		988,102			$	2.25				3.67
Granted-service based		897,225				1.88				-
Vested		(870,794	)			1.89				-
Forfeited and cancelled		-				-				-
Unvested at December 31, 2025		1,014,563			$	2.23				3.62

Share-based Compensation for Options and Restricted Stock Units

The Company recorded share-based compensation in its statements of operations for the relevant periods for options and RSUs as follows:

	For the Year ended December 31,
		2025				2024
Selling, general, and administrative	$	4,076			$	2,296
Research and development		-				137
Total share-based expense	$	4,076			$	2,433

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of share-based payment arrangement.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested restricted stock units.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Subparagraph (f)(2)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration