STOCK BASED COMPENSATION |
3 Months Ended |
|---|---|
Jun. 30, 2026 | |
| STOCK BASED COMPENSATION | |
| STOCK BASED COMPENSATION | 12.STOCK BASED COMPENSATION In October 2025, the Company’s stockholders approved the Company’s 2025 Non-Qualified Stock Incentive Plan (the “Plan”), under which 1,000,000 shares of common stock were initially reserved for the granting of stock options and other stock-based awards. The Plan is the Company's only equity compensation plan. In August 2025, the compensation committee granted 225,000 stock options at an exercise price of $3.40 per share, subject to stockholder approval of the Plan, which was obtained on October 20, 2025. These options became fully vested upon stockholder approval. As of June 30, 2026, 225,000 options remained outstanding and exercisable, and 775,000 shares remained available for future issuance under the Plan. Because the outstanding options were fully vested prior to the current period and no additional awards were granted during the three months ended June 30, 2026, no stock-based compensation expense was recognized for the three months ended June 30, 2026 or 2025. |