Quarterly report [Sections 13 or 15(d)]

SHARE-BASED COMPENSATION (Tables)

v3.25.3
SHARE-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2025
SHARE-BASED COMPENSATION  
Schedule of unvested Class A membership interest converted

Three Months Ended

Nine Months Ended

Stock Option

Number of

Exercise

September 30,

September 30,

Issuance Date

Options

Price

2025

2024

2025

2024

June 2021

40,375

$

125.20

$

$

$

$

363,440

July 2021

77,500

123.60

981,833

January 2022

4,000

88.80

18,950

6,317

56,850

April 2022

1,500

75.80

5,377

7,170

16,133

February 2023

23,375

68.20

109,521

109,521

328,563

328,563

June 2023

2,500

55.00

53,600

February 2024

41,750

63.00

183,713

183,713

551,139

428,663

June 2024

3,000

47.60

27,630

55,260

27,630

January 2025

1,500

15.54

1,559

4,158

February 2025

32,275

15.96

Total

227,775

$

294,793

$

345,191

$

952,607

$

2,256,712

Schedule of fair value of options assumptions

Nine Months Ended

September 30,

2025

2024

Expected term

5.0

years

6.7

years

Volatility

102

%

103

%

Dividend yield

%

%

Risk-free interest rate

4.25

%

4.28

%

Weighted average grant date fair value

$

12.33

$

51.80

Schedule of stock option activity

Weighted

Average

Weighted

Remaining

Aggregate

Number of

    

Average

Contractual Term

Intrinsic

Options

    

Exercise Price

(in years)

Value

Outstanding, vested and expected to vest at December 31, 2024

194,000

 

$

101.07

7.36

 

$

Granted

33,775

15.94

9.33

Exercised

Forfeited

Outstanding, vested and expected to vest at September 30, 2025

227,775

$

88.45

7.01

$

Exercisable

203,647

$

91.65

6.78

$