v3.26.1
Stock-Based Compensation
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation

10.          Stock-Based Compensation

 

On February 19, 2026, the Company issued 150,000 options to new members of the Board of Directors. The options vest over a 12-month period and hold an exercise price of $0.06 per share. The options expire in five years after issuance. The fair value of the options granted were $0.06 per share, or $8,250 which was calculated using the Black-Scholes model.

 

The options were valued using the Black-Scholes options pricing model with the following assumptions:

Option valuation assumptions used  
Market value of common stock on issuance date  $        8,250
Exercise price  $        0.063
Expected volatility 149.20%
Expected term (in years) 5.0
Risk-free interest rate 3.65%
Expected dividend yields 0.0