Note 7 - Stock-Based Compensation

Amended and Restated 2019 Equity Incentive Plan

On December 19, 2019, the TaoWeave, Inc. 2019 Equity Incentive Plan (the “2019 Plan”) was approved by the Company’s stockholders at the Company’s 2019 Annual Meeting of Stockholders. The 2019 Plan is an omnibus equity incentive plan pursuant to which the Company may grant equity and cash incentive awards to certain key service providers of the Company and its subsidiaries. As of December 31, 2024, there were no remaining shares in the share pool available for new grants under the 2019 Plan. On December 17, 2025, at the Company's Annual Meeting of Stockholders, an amendment to the 2019 Plan was approved to i) increase the number of shares available for grant of awards by 2,000,000 shares, subject to adjustment for certain changes in our capitalization, and ii) beginning on January 1, 2026, incorporate an annual increase of shares available under the 2019 plan, equal to 5% of the total shares of our common stock outstanding on the last day of the immediately preceding calendar year (the "Evergreen Provision"). As of December 31, 2025, there were 2,000,000 shares in the share pool available for new grants. On January 1, 2026, pursuant to the Evergreen Provision, this amount increased to 2,166,360 shares.

During the year ended December 31, 2024, no stock options were granted, 84 stock options vested, and 250 vested stock options expired. As of December 31, 2024, no stock options were outstanding. There was no stock option activity during the year ended December 31, 2025.

Stock compensation expense recorded for the year ended December 31, 2024, was $62,000. This compensation was all related to stock options and was recorded in general and administrative expense on the Consolidated Statement of Operations. As of December 31, 2024, and 2025, no unamortized stock-based compensation remains.