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Stockholders Equity
 9 Months Ended
Sep. 30, 2025
Stockholders Equity  
Stockholders' Equity

11. Stockholders’ Equity

 

Common Stock

 

The Company is authorized to issue 30,000,000 shares of common stock, $0.001 par value per share. As of September 30, 2025, there were 9,655,173 shares issued and outstanding.

 

No shares of common stock were issued under the vesting terms of RSAs during the three month period ended September 30, 2025. During the nine month period ended September 30, 2025, there were 197,933 shares of restricted common stock vested in accordance with the vesting terms of the RSAs. Certain employees received less than the shares vested because they elected to have a total of 28,268 shares withheld in satisfaction of the employees corresponding tax liability of approximately $130,618. The Company’s payment of this tax liability was recorded as a cash flow from financing activity on the condensed consolidated statement of cash flows.

 

No shares of common stock were issued under the vesting terms of RSAs during the three month period ended September 30, 2024. During the nine month period ended September 30, 2024, there were 692,468 shares of restricted common stock vested in accordance with the vesting terms of the RSAs. Certain employees received less than the shares vested because they elected to have a total of 100,180 shares withheld in satisfaction of the employees corresponding tax liability of approximately $258,400. The Company’s payment of this tax liability was recorded as a cash flow from financing activity on the condensed consolidated statement of cash flows.

 

 There were no stock option exercises during the nine month periods ended September 30, 2025 and 2024.