|
NOTE
7 — Stock-Based Compensation
Stock-based
compensation expense is as follows (in thousands of dollars):
Schedule
of Stock Based Compensation Expense
| |
|
|
|
|
|
|
| |
|
For the Three Months Ended |
|
| |
|
March 31, |
|
| |
|
2026 |
|
|
2025 |
|
| Cost of revenues |
|
$ |
13 |
|
|
$ |
2 |
|
| Research and development |
|
|
20 |
|
|
|
2 |
|
| Sales and marketing |
|
|
60 |
|
|
|
65 |
|
| General and administrative |
|
|
211 |
|
|
|
221 |
|
| Stock-based compensation
expenses |
|
$ |
304 |
|
|
$ |
290 |
|
In
2026, continuing operations includes the stock-based compensation of $211 for general and administrative. In 2025 the general and administrative
stock-based compensation is included in discontinued operations. For both years the other stock-based compensation is all included in
discontinued operations.
Stock-based
compensation in Cost of Revenues relates to employees who focus on supply chain management.
Stock
Options
Stock
option activity, as adjusted for the Reverse Stock Split, for the three months ended March 31, 2026, is in the table below (price per share is in dollars):
Schedule of Stock Option Activity
| |
|
Options |
|
|
Weighted
average
exercise
price per
share |
|
|
Weighted
average
remaining
contractual
life (in
years) |
|
|
Aggregate
Intrinsic
Value* |
|
| Outstanding at January 1, 2026 |
|
|
34,883 |
|
|
$ |
110.67 |
|
|
|
|
|
|
|
|
|
| Granted |
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
| Forfeited |
|
|
(7,361 |
) |
|
|
99.84 |
|
|
|
|
|
|
|
|
|
| Expired |
|
|
(749 |
) |
|
|
225.30 |
|
|
|
|
|
|
|
|
|
| Outstanding at March 31, 2026 |
|
|
26,773 |
|
|
$ |
110.44 |
|
|
|
6.94 |
|
|
$ |
— |
|
| Vested and Expected to Vest at March 31, 2026 |
|
|
26,773 |
|
|
$ |
110.44 |
|
|
|
6.94 |
|
|
$ |
— |
|
| Exercisable at March 31, 2026 |
|
|
26,077 |
|
|
$ |
110.44 |
|
|
|
6.91 |
|
|
$ |
— |
|
| * |
The
intrinsic value is calculated as the difference between the exercise price and the fair value of the common stock on the balance
sheet date. |
As
of March 31, 2026, there was approximately $541 of unamortized stock-based compensation cost related to unvested stock options, which
is expected to be recognized over a weighted average period of 1.12 years.
Restricted
Stock Units
Restricted
Stock Unit (“RSU”) activity, as adjusted for the Reverse Stock Splits, for the three months ended March 31, 2026, is as follows:
Schedule
of Outstanding Restricted Stock Units
| |
|
RSUs |
|
| Outstanding at January 1, 2026 |
|
|
— |
|
| Granted |
|
|
85,000 |
|
| Released |
|
|
— |
|
| Forfeited |
|
|
— |
|
| Outstanding at March 31, 2026 |
|
|
85,000 |
|
Warrants
activity, as adjusted for the Reverse Stock Split, for the three months ended March 31, 2026, is as follows:
Schedule
of Warrant Activity
| |
|
Number of warrants |
|
|
Weighted
average
exercise
price per
share |
|
| Outstanding at January 1, 2026 |
|
|
62,979 |
|
|
$ |
13.75 |
|
| Granted |
|
|
— |
|
|
|
— |
|
| Forfeited |
|
|
— |
|
|
|
— |
|
| Expired |
|
|
— |
|
|
|
— |
|
| Outstanding at March 31, 2026 |
|
|
62,979 |
|
|
$ |
13.75 |
|
| Exercisable at March 31, 2026 |
|
|
62,979 |
|
|
$ |
13.75 |
|
|