Annual report [Section 13 and 15(d), not S-K Item 405]

Stock-Based Compensation (Tables)

v3.26.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Options Activity

The following summarizes activity related to the Company's stock options (in thousands, except per share data):

 

 

Number of
Shares

 

 

Weighted
Average
Exercise
Price

 

 

Weighted
Average
Remaining
Contract
Term (in
years)

 

 

Aggregate
Intrinsic
Value

 

Outstanding - December 31, 2024

 

 

26,823

 

 

$

0.14

 

 

 

8.4

 

 

$

 

Granted

 

 

14,950

 

 

 

0.04

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(1,830

)

 

 

0.27

 

 

 

 

 

 

 

Outstanding - December 31, 2025

 

 

39,943

 

 

 

0.09

 

 

 

8.1

 

 

 

555

 

Exercisable - December 31, 2025

 

 

22,299

 

 

 

0.13

 

 

 

7.5

 

 

 

266

 

Vested or expected to vest - December 31, 2025

 

 

39,943

 

 

$

0.09

 

 

 

8.1

 

 

$

555

 

Summary of Weighted-Average Assumptions Used to Estimate Fair Value

The following table presents the weighted average grant date fair value of stock options granted and the weighted-average assumptions used to estimate the fair value on the date of grant using the Black-Scholes valuation model:

 

 

For the years ended December 31,

 

 

2025

 

 

2024

 

Volatility

 

 

146.1

%

 

 

138.1

%

Risk-Free Interest Rate

 

 

4.4

%

 

 

4.3

%

Expected Term (in years)

 

 

5.76

 

 

 

5.75

 

Dividend Rate

 

 

0.0

%

 

 

0.0

%

Fair Value Per Share on Grant Date

 

$

0.03

 

 

$

0.05