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Stock-Based Compensation Plan
 6 Months Ended
Jun. 30, 2025
Stock-Based Compensation Plan [Abstract]  
STOCK-BASED COMPENSATION PLAN

11. STOCK-BASED COMPENSATION PLAN

 

Options to Employees and Directors

 

On June 19, 2015, the stockholders of the Company approved the China Recycling Energy Corporation Omnibus Equity Plan (the “Plan”) at its annual meeting. The total shares of Common Stock authorized for issuance during the term of the Plan is 124,626. The Plan was effective immediately upon its adoption by the Board of Directors on April 24, 2015, subject to stockholder approval, and will terminate on the earliest to occur of (i) the 10th anniversary of the Plan’s effective date, or (ii) the date on which all shares available for issuance under the Plan shall have been issued as fully-vested shares. The stockholders approved the Plan at their annual meeting on June 19, 2015.

 

The following table summarizes option activity with respect to employees and independent directors for the year ended June 30, 2025:

 

   Number of
Shares		   Average
Exercise
Price
per Share		   Weighted
Average
Remaining
Contractual
Term in
Years		 
Outstanding at January 1, 2025   500   $16.1    3.32 
Exercisable at January 1, 2025   500   $16.1    3.32 
Granted   
-
    
-
    
-
 
Exercised   
-
    
-
    
-
 
Forfeited   
-
    
-
    
-
 
Outstanding at June 30, 2025   500   $16.1    2.32 
Exercisable at June 30, 2025   500   $16.1    2.32 

 

Restricted Stock

 

In April 2025, the Compensation Committee of the Company, which administers the Plan, granted two employees 124,126 shares of Common Stock (“Restricted Stock”) under the Plan, which grants vested immediately, subject to the Grantee remaining in continuous Service with the Corporation, in good standing, until such date.

 

The Company recognized one-time US$831,520 share-based compensations for the second quarter of 2025.