XML 43 R31.htm IDEA: XBRL DOCUMENT v3.25.3

STOCKHOLDERS’ EQUITY (Tables)

9 Months Ended

Sep. 30, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Nonvested Restricted Stock Shares Activity

The following table contains summarized information about restricted stock issued during the years ended December 31, 2024 and the nine months ended September 30, 2025:

Restricted Stock			Common Shares			Weighted Average Grant Date Fair Value			Weighted Average Remaining Years to Vest
Nonvested at December 31, 2023			—			$	—		0.0
Granted			125,863			2.54
Vested			(125,863)			2.54
Nonvested at December 31, 2024			—			$	—		0.0
Granted			102,342			2.64
Vested			(102,342)			2.64
Nonvested at September 30, 2025			—			$	—		0.0

Schedule of Nonvested Restricted Stock Units Activity

The following table contains summarized information about restricted stock units during the year ended December 31, 2024, and the nine months ended September 30, 2025:

Restricted Stock Units			Common Shares			Weighted Average Grant Date Fair Value			Weighted Average Remaining Years to Vest
Nonvested at December 31, 2023			962,849			$	2.60		2.5
Granted(1)			2,348,423			2.31
Vested			(956,679)			2.54
Forfeited			(305,821)			2.41
Nonvested at December 31, 2024			2,048,772			$	2.33		2.6
Granted			768,967			2.80
Vested			(448,793)			2.31
Forfeited			(213,489)			2.55
Nonvested at September 30, 2025			2,155,457			$	2.48		2.8

(1)    In the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, the table summarizing the number of shares granted during the year inadvertently omitted certain equity awards, although the correct total was disclosed in the accompanying narrative. The total number of shares granted during 2024 was 2,348,423, inclusive of awards to both executive and non-executive employees. The previously reported table total of 1,858,023 has been updated to reflect the correct number of granted shares. This did not have an impact on our financial statements for the period.

Schedule of Share-based Payment Arrangement, Option, Activity

A summary of option activity under the 2011 Equity Incentive Plan during the year ended December 31, 2024, and the nine months ended September 30, 2025, is presented below:

Options Outstanding			Common Shares						Weighted Average Exercise Price						Weighted Average Remaining Life (Years)
Outstanding at December 31, 2023			343,601						$	9.53					5.2
Exercised			(65,154)						1.21
Expired			(244,588)						10.51
Forfeited			(520)						9.24
Outstanding at December 31, 2024			33,339						$	18.60					3.7
Exercised			(125)						2.08
Expired			(10,778)						28.40
Forfeited			(9)						12.61
Outstanding at September 30, 2025			22,427						$	13.98					4.3
Exercisable at September 30, 2025			22,426						$	13.98					4.3

Schedule of Nonvested Share Activity

A summary of the nonvested stock option activity under the 2011 Equity Incentive Plan during the years ended December 31, 2024, and the nine months ended September 30, 2025, is presented below:

Nonvested Options			Common Shares						Weighted Average Grant Date Fair Value						Weighted Average Remaining Years to Vest
Nonvested at December 31, 2023			26,373						$	8.83					1.1
Vested			(24,728)						18.60
Forfeited			(520)						9.24
Nonvested at December 31, 2024			1,125						18.60						3.7
Vested			(1,115)						13.98
Forfeited			(9)						12.61
Nonvested at September 30, 2025			1						$	13.98					0.1

Schedule of Share-Based Payment Arrangement, Performance Shares, Outstanding Activity

The following table contains summarized information about inducement grant-related RSUs during the year ended December 31, 2024, and the nine months ended September 30, 2025.

Inducement Shares			Time-Based			Performance Based			Total
Grant Outstanding at December 31, 2023			10,000			328,354			338,354
Granted			219,355			—			219,355
Forfeited (1)			(179,355)			(328,354)			(507,709)
Grant Outstanding at December 31, 2024			50,000			—			50,000
Granted			—			—			—
Forfeited			—			—			—
Grant Outstanding at September 30, 2025			50,000			—			50,000

(1)    Inducement shares forfeited in 2024 were related to the divestiture of Hoozu in December, 2024.

Schedule of Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award

Total stock-based compensation expense recognized on restricted stock, restricted stock units, stock options, and employee stock purchase plan issuances during the three and nine months ended September 30, 2025 and 2024 was recorded in the Company’s consolidated statements of operations as follows:

			Three Months Ended September 30,						Nine Months Ended September 30,
			2025			2024			2025			2024
Cost of revenue			$	114,587		$	82,608		$	178,376		$	191,053
Sales and marketing			90,085			50,567			139,809			171,774
General and administrative			240,971			1,446,061			768,304			1,965,529
Total stock-based compensation			$	445,643		$	1,579,236		$	1,086,489		$	2,328,356

Schedule of Accumulated Other Comprehensive Income (Loss)

The activity in accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2025, and 2024, respectively, was as follows:

			Three Months Ended
			September 30, 2025												September 30, 2024
			Unrealized Gain (Loss) on Securities			Currency Translation Adjustment			Reclassification of Foreign Currency Translation Adjustment to Income			Total Accumulated Other Comprehensive Income (Loss)			Unrealized Gain (Loss) on Securities			Currency Translation Adjustment			Total Accumulated Other Comprehensive Income
Balance at June 30			$	—		$	(17,095)		$	(34,218)		$	(51,313)		$	(99,784)		$	(12,302)		$	(112,086)
Other comprehensive income (loss)			—			1,048			—			$	1,048		84,855			(94,195)			$	(9,340)
Balance at September 30			$	—		$	(16,047)		$	(34,218)		$	(50,265)		$	(14,929)		$	(106,497)		$	(121,426)

			Nine Months Ended
			September 30, 2025												September 30, 2024
			Unrealized Gain (Loss) on Securities			Currency Translation Adjustment			Reclassification of Foreign Currency Translation Adjustment to Income			Total Accumulated Other Comprehensive Income (Loss)			Unrealized Gain (Loss) on Securities			Currency Translation Adjustment			Total Accumulated Other Comprehensive Income
Balance at December 31			$	12,209		$	127,296		$	(34,218)		$	105,287		$	(250,591)		$	—		$	(250,591)
Other comprehensive income (loss)			(12,209)			(143,343)			—			(155,552)			235,662			(106,497)			129,165
Balance at September 30			$	—		$	(16,047)		$	(34,218)		$	(50,265)		$	(14,929)		$	(106,497)		$	(121,426)

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 shares.

+ References

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

+ Details

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

X

- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

+ Details

Name:	us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
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 the changes in outstanding nonvested shares.

+ 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_ScheduleOfNonvestedShareActivityTableTextBlock
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 number and weighted-average grant date fair value for outstanding performance shares.

+ References

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

+ Details

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