Quarterly report [Sections 13 or 15(d)]

Stock Based Awards (Tables)

Stock Based Awards (Tables)

3 Months Ended

Mar. 31, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Common Stock Available for Future Issuance

The following table presents information concerning common stock available for future issuance (in thousands) as of March 31, 2026:

	Shares Available for Grant
Stock options issued and outstanding		838
Restricted stock units issued and outstanding		221
Shares authorized for future option grants		1,894
Warrants outstanding		7,223
Balance at March 31, 2026	$	10,176
Total	$	10,176

Schedule of Stock Option Transactions

The following table summarizes stock option transactions for the 2015 and 2025 Plan, collectively, for the three months ended March 31, 2026 (in thousands, except per share amounts):

Schedule of Stock Option Transactions

	Total Options Outstanding			Weighted Average Exercise Price		Aggregate Intrinsic Value
Balance at December 31, 2025		537		$	8.91	$	-
Exercised		-			-		-
Granted		319			1.1		-
Cancelled		(18	)		1.24		-
Balance at March 31, 2026		838		$	6.10	$	-

Schedule of Fair Value of Share Option Award

The fair value of share option award is estimated using the Black-Scholes option pricing method based on the following weighted-average assumptions:


	Three months ended March 31,
	2026			2025
Risk-Free interest rate		3.83	%		0.00	%
Expected dividend yield		0.00	%		0.00	%
Expected volatility		106.3			-
Expected term (in years)		5.77			-

Schedule of Restricted Stock Units

	Total Restricted Stock Units Outstanding			Weighted Average Fair Value		Aggregate Intrinsic Value
Unvested December 31, 2025		97		$	1.76	$	-
Granted		-			-		-
Forfeited		(6	)		-		-
Vested		(15	)		-		-
Unvested and expected to vest at March 31, 2026		76		$	1.76	$	-