Quarterly report [Sections 13 or 15(d)]

Stock-Based Compensation

v3.25.3
Stock-Based Compensation
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
Our 2022 Omnibus Incentive Plan provides for the grant of options, stock appreciation rights, restricted stock units (“RSU”s), restricted stock and other stock-based awards, any of which may be performance-based, and for incentive bonuses, which may be paid in cash, Common Stock, or a combination thereof. As of September 30, 2025, 112,214 equity units remained outstanding.
Total stock-based compensation expense including options and RSUs for the three and nine months ended September 30, 2025, net of forfeiture adjustments, totaled $398,225 and $968,240, respectively. Total stock-based compensation expense including options and RSUs for the three and nine months ended September 30, 2024, net of forfeiture adjustments, totaled $532,539 and $1,872,504, respectively.