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Employee Stock Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2025
Employee Stock Compensation Plans  
Stock option grant assumptions

Grant Date

 

06/07/24

 

 

12/02/25 (1)

 

Plan

 

2023 Plan

 

 

2023 Plan

 

Option – grant date price

 

$0.85

 

 

$0.63

 

Options granted

 

 

2,125,000

 

 

 

1,600,000

 

Expected life years

 

 

5.0

 

 

 

5.0

 

Expected volatility

 

 

72%

 

 

62%

Risk free interest rate

 

 

4.3%

 

 

3.7%

Weighted average fair value

 

$0.53

 

 

$0.35

 

Grant date fair value

 

$1,120,000

 

 

$557,000

 

Stock option activity

 

 

2025

 

 

2024

 

 

 

 

 

Weighted

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Average

 

 

Aggregate

 

 

 

 

Average

 

 

Aggregate

 

 

 

 

 

Exercise

 

 

Intrinsic

 

 

 

 

Exercise

 

 

Intrinsic

 

 

 

Options

 

 

Price

 

 

Value (1)(2)

 

 

Options

 

 

Price

 

 

Value (1)(2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, beginning of year

 

 

5,348,500

 

 

$0.62

 

 

 

 

 

 

3,828,500

 

 

$0.47

 

 

 

 

Granted

 

 

1,600,000

 

 

$0.63

 

 

 

 

 

 

2,125,000

 

 

$0.85

 

 

 

 

Exercised

 

 

(1,028,500)

 

$0.20

 

 

$437,000

 

 

 

(250,000)

 

$0.22

 

 

$144,000

 

Expired

 

 

-

 

 

 

 

 

 

 

 

 

 

 

-

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(355,000)

 

$0.72

 

 

 

 

 

 

 

(355,000)

 

$0.60

 

 

 

 

 

Outstanding, end of year

 

 

5,565,000

 

 

$0.70

 

 

$307,000

 

 

 

5,348,500

 

 

$0.62

 

 

$405,000

 

Exercisable, end of year

 

 

3,365,500

 

 

$0.68

 

 

$221,000

 

 

 

3,228,500

 

 

$0.52

 

 

$403,000