Quarterly report [Sections 13 or 15(d)]

Stock-Based Compensation (Tables)

v3.26.1
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Stock Option Activity
Common Stock Options Number of
Options
Exercise
Price
Per
Share
Weighted Average Exercise Price Weighted
Average
Remaining
Life
Aggregate
Intrinsic
Value
Outstanding, December 31, 2025 2,347,044  $0.71 $8.61 $ 1.90  6.70 years $ 7,961,973 
Granted
260,623  $2.36 $5.17 $ 4.63 
Exercised
(71,473) $0.79 $1.20 $ 0.90  $ 308,589 
Canceled and forfeited
(84,585) $0.71 $3.93 $ 1.63 
Outstanding, June 30, 2026 2,451,609  $0.71 $8.61 $ 2.23  6.28 years $ 8,091,544 
Exercisable, June 30, 2026 1,458,650  $ 1.22  $ 5,829,551 
Vested and expected to vest, June 30, 2026 2,302,665  $ 2.14  $ 7,752,245 
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions
The weighted average assumptions used in the Black-Scholes option pricing model for options granted in six months ended June 30, 2026 and 2025 are as follows:
Stock Option Award Assumptions June 30, 2026 June 30, 2025
Expected dividend yield —% —%
Expected life 6.30 years 6.25 years
Risk-free interest rate 4.17% 4.22%
Expected volatility 77.21% 42.33%