Quarterly report [Sections 13 or 15(d)]

Stock-Based Compensation (Tables)

v3.26.3
Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2026
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Stock Option Activity
Stock option activity for the nine months ended September 30, 2026 was as follows: 
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
 (80,223) $0.79 — $1.20 $ 0.93  $ 152,833 
Canceled and forfeited
 (103,985) $0.71 — $5.17 $ 1.90 
Outstanding, September 30, 2026 2,423,459  $0.71 — $8.61 $ 2.23  6.00 years $ 3,409,955 
Exercisable, September 30, 2026 1,542,206  $ 1.50  5.35 years $ 2,509,120 
Vested and expected to vest, September 30, 2026 2,291,271  $ 2.16  $ 3,274,830 
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 nine months ended September 30, 2026 and 2025 are as follows:
Stock Option Award Assumptions September 30, 2026 September 30, 2025
Expected dividend yield —% —%
Expected life 6.30 years 6.25 years
Risk-free interest rate 4.17% 4.10%
Expected volatility 77.21% 44.32%