Quarterly report [Sections 13 or 15(d)]

Stock Based Awards (Tables)

v3.26.1
Stock Based Awards (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Common Stock Available for Future Issuance

The following table presents information concerning common stock reserved for future issuance (in thousands) as of June 30, 2026:

 

    Shares Available
for Grant		  
Stock options issued and outstanding     1,073  
Restricted stock units issued and outstanding     219  
Shares authorized for future option grants     1,659  
Warrants outstanding     7,223  
Balance at June 30, 2026   $ 10,174  
Schedule of Stock Option Transactions

The following table summarizes stock option transactions for the 2015 and 2025 Plan, collectively, for the six months ended June 30, 2026 (in thousands, except per share amounts):

 

    Total
Options
Outstanding		     Weighted
Average
Exercise
Price		     Aggregate
Intrinsic
Value		  
Balance at December 31, 2025     537     $ 8.91     $         -  
Exercised     -       -       -  
Granted     554       1.07       -  
Cancelled     (18 )     1.24       -  
Balance at June 30, 2026     1,073     $ 4.99     $ -  
Schedule of Fair Value of Share Option Award

The fair value of share option awards during 2026 is estimated using the Black-Scholes option pricing method based on the following weighted-average assumptions:

 

    June 2026     January 2026  
Risk-Free interest rate     4.29 %     3.83 %
Expected dividend yield     0.00 %     0.00 %
Expected volatility     110.4       106.3  
Expected term (in years)     6.25       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     (29 )     -       -  
Unvested and expected to vest at June 30, 2026     62     $ 1.76     $ -