v3.26.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Stock-Based Compensation [Abstract]  
Share-based Compensation Expense
The Company measures share‑based awards at their grant‑date fair value and records compensation expense on a straight‑line basis over the requisite service period of the awards. The Company recorded share‑based compensation expense (for all awards and modifications, if any) in the accompanying consolidated statements of operations as follows (in thousands):

   
Year Ended December 31,
 
   
2025
   
2024
 
             
Selling and marketing
 
$
100
   
$
7
 
General and administrative
   
543
     
420
 
   
$
643
   
$
427
 
Stock Option Activity
The following table summarizes stock option activity for the years ended December 31, 2025 and 2024:

   
Number of Shares
Under Option Plan
   
Weighted-Average
Exercise Price per
Option
   
Weighted-Average
Remaining
Contractual Term
(in years)
 
                   
Outstanding at January 1, 2024
   
772,864
   
$
11.07
       
Granted
   
70,000
   
$
3.22
       
Forfeited and expired
   
(321,138
)
 
$
14.07
       
Outstanding at December 31, 2024
   
521,726
   
$
8.16
     
7.88
 
Granted
   
238,000
   
$
2.55
         
Forfeited and expired
   
(34,000
)
 
$
12.30
         
Outstanding at December 31, 2025
   
725,726
   
$
6.13
     
7.89
 
Exercisable at December 31, 2025
   
317,251
   
$
9.15
     
6.79
 
Vested and expected to vest at December 31, 2025
   
725,726
   
$
6.13
     
7.89
 
Weighted Average Assumption Used for Grant Date Fair Value of Option Grants
For the years ended December 31, 2025 and 2024, the grant date fair value of all option grants was estimated at the time of grant using the Black-Scholes option-pricing model using the following weighted average assumptions:

   
Year Ended December 31,
 
   
2025
   
2024
 
             
Expected term (in years)
   
6.5
     
6.46
 
Expected volatility
   
77.58
%
   
77.93
%
Risk-free rate
   
4.26
%
   
3.91
%
Dividend yield
   
0.00
%
   
0.00
%
Restricted Stock Units
Restricted stock units have historically been issued to certain board members. Activity in restricted stock units is summarized in the following table:

   
Number of Units
   
Weighted-Average
Grant Date Fair
Value
 
             
Unvested at January 1, 2024
   
2,265
   
$
10.30
 
Vested
   
(2,265
)
 
$
10.30
 
Unvested at December 31, 2024
   
—
   
$
—