Annual report [Section 13 and 15(d), not S-K Item 405]

COMPENSATION PLANS (Tables)

v3.26.1
COMPENSATION PLANS (Tables)
12 Months Ended
Dec. 31, 2025
Compensation Related Costs [Abstract]  
SCHEDULE OF STOCK OPTION ACTIVITY

The following table summarizes the Company’s stock option activity:

 

    Stock options outstanding     Weighted average exercise price  
Outstanding at December 31, 2024     -     $ -  
Granted     3,000,000       3.84  
Forfeited     (1,120,000 )     3.84  
Outstanding at December 31, 2025     1,880,000       3.84  
SCHEDULE OF STOCK OPTIONS OUTSTANDING VESTED

Stock options outstanding, vested and expected to vest and exercisable are as follows:

 

    As of December 31, 2025  
    Number of shares    

Remaining contractual

life (years)

   

Weighted- average

exercise price

 
Outstanding, vested and or expected to vest     1,486,000       9.8     $ 3.84  
SCHEDULE OF EQUITY BASED COMPENSATION EXPENSE

Equity-based compensation expense is included within “salaries, benefits and payroll taxes” in our consolidated statements of operations and comprehensive loss. We recognized equity-based compensation expense as follows:

 

(in thousands)   2025     2024  
    For the year ended December 31,  
(in thousands)   2025     2024  
Stock options - Class A common stock   $ 4,594     $  
Restricted shares - Class A common stock     243       86  
Total equity-based compensation expense   $ 4,837     $ 86