0001433607 2025-01-01 2025-12-31 0001433607 2024-01-01 2024-12-31 0001433607 2023-01-01 2023-12-31 0001433607 NSPR:GrantDateFairValueOfAwardsGrantedDuringCoveredFiscalYearMember ecd:PeoMember 2025-01-01 2025-12-31 0001433607 NSPR:GrantDateFairValueOfAwardsGrantedDuringCoveredFiscalYearMember ecd:PeoMember 2024-01-01 2024-12-31 0001433607 NSPR:GrantDateFairValueOfAwardsGrantedDuringCoveredFiscalYearMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001433607 NSPR:GrantDateFairValueOfAwardsGrantedDuringCoveredFiscalYearMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001433607 NSPR:FairValueAsOfTheVestingDateOfAllAwardsGrantedDuringTheCoveredFiscalYearThatVestedDuringTheCoveredFiscalYearMember ecd:PeoMember 2025-01-01 2025-12-31 0001433607 NSPR:FairValueAsOfTheVestingDateOfAllAwardsGrantedDuringTheCoveredFiscalYearThatVestedDuringTheCoveredFiscalYearMember ecd:PeoMember 2024-01-01 2024-12-31 0001433607 NSPR:FairValueAsOfTheVestingDateOfAllAwardsGrantedDuringTheCoveredFiscalYearThatVestedDuringTheCoveredFiscalYearMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001433607 NSPR:FairValueAsOfTheVestingDateOfAllAwardsGrantedDuringTheCoveredFiscalYearThatVestedDuringTheCoveredFiscalYearMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001433607 NSPR:FairValueAsOfTheEndOfTheCoveredFiscalYearOfAllAwardsGrantedDuringTheCoveredFiscalYearThatAreOutstandingAndUnvestedAtTheEndOfTheCoveredYearMember ecd:PeoMember 2025-01-01 2025-12-31 0001433607 NSPR:FairValueAsOfTheEndOfTheCoveredFiscalYearOfAllAwardsGrantedDuringTheCoveredFiscalYearThatAreOutstandingAndUnvestedAtTheEndOfTheCoveredYearMember ecd:PeoMember 2024-01-01 2024-12-31 0001433607 NSPR:FairValueAsOfTheEndOfTheCoveredFiscalYearOfAllAwardsGrantedDuringTheCoveredFiscalYearThatAreOutstandingAndUnvestedAtTheEndOfTheCoveredYearMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001433607 NSPR:FairValueAsOfTheEndOfTheCoveredFiscalYearOfAllAwardsGrantedDuringTheCoveredFiscalYearThatAreOutstandingAndUnvestedAtTheEndOfTheCoveredYearMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001433607 NSPR:ChangeInFairValueAsOfTheEndOfTheCoveredFiscalYearOfAnyAwardsGrantedInAnyPriorFiscalYearThatAreOutstandingAndUnvestedAsOfTheEndOfTheCoveredFiscalYearMember ecd:PeoMember 2025-01-01 2025-12-31 0001433607 NSPR:ChangeInFairValueAsOfTheEndOfTheCoveredFiscalYearOfAnyAwardsGrantedInAnyPriorFiscalYearThatAreOutstandingAndUnvestedAsOfTheEndOfTheCoveredFiscalYearMember ecd:PeoMember 2024-01-01 2024-12-31 0001433607 NSPR:ChangeInFairValueAsOfTheEndOfTheCoveredFiscalYearOfAnyAwardsGrantedInAnyPriorFiscalYearThatAreOutstandingAndUnvestedAsOfTheEndOfTheCoveredFiscalYearMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001433607 NSPR:ChangeInFairValueAsOfTheEndOfTheCoveredFiscalYearOfAnyAwardsGrantedInAnyPriorFiscalYearThatAreOutstandingAndUnvestedAsOfTheEndOfTheCoveredFiscalYearMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001433607 NSPR:ChangeInFairValueAsOfTheVestingDateOfAnyAwardsGrantedInAnyPriorFiscalYearForWhichAllApplicableVestingConditionsWereSatisfiedAtTheEndOfOrDuringTheCoveredFiscalYearMember ecd:PeoMember 2025-01-01 2025-12-31 0001433607 NSPR:ChangeInFairValueAsOfTheVestingDateOfAnyAwardsGrantedInAnyPriorFiscalYearForWhichAllApplicableVestingConditionsWereSatisfiedAtTheEndOfOrDuringTheCoveredFiscalYearMember ecd:PeoMember 2024-01-01 2024-12-31 0001433607 NSPR:ChangeInFairValueAsOfTheVestingDateOfAnyAwardsGrantedInAnyPriorFiscalYearForWhichAllApplicableVestingConditionsWereSatisfiedAtTheEndOfOrDuringTheCoveredFiscalYearMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001433607 NSPR:ChangeInFairValueAsOfTheVestingDateOfAnyAwardsGrantedInAnyPriorFiscalYearForWhichAllApplicableVestingConditionsWereSatisfiedAtTheEndOfOrDuringTheCoveredFiscalYearMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 iso4217:USD false 0001433607 DEF 14A INSPIREMD, INC. true <table cellpadding="0" cellspacing="0" id="xdx_881_eecd--PvpTableTextBlock_zTM1Wd5sdHxh" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Pay vs Performance Disclosure"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Year⁽¹⁾</b></span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_486_eecd--PeoTotalCompAmt_ztJpuEFQeITd" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Summary Compensation Table Total for PEO<sup id="xdx_F56_zV2Dt0qMI6z1">(2)</sup></b></span></td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_488_eecd--PeoActuallyPaidCompAmt_z06xtEoUi409" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Compensation Actually Paid to PEO<sup id="xdx_F53_zLuGObXLwBll">(3)</sup></b></span></td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_484_eecd--NonPeoNeoAvgTotalCompAmt_zH486Mk4E1X1" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Average Summary Compensation Table Total for Non-PEO NEOs<sup id="xdx_F53_znI1eYwwtNE1">(4)</sup></b></span></td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_48B_eecd--NonPeoNeoAvgCompActuallyPaidAmt_zZqjJHw97ZQ5" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Average Compensation Actually Paid to Non-PEO NEOs<sup id="xdx_F5D_zqpuL36TAtm3">(3)</sup></b></span></td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_48E_eecd--TotalShareholderRtnAmt_zyZyrBAWCOj9" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Value of Initial Fixed $100 Investment Based on Total Shareholder Return<sup id="xdx_F57_zXPqNycQMa9">(5)</sup></b></span></td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_483_eus-gaap--NetIncomeLoss_pn3n3_zq9EIQX3u2Ug" style="border-bottom: Black 1pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Net Loss</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(in 000s)<sup id="xdx_F5B_ziUqXHflhkHe">(6)</sup></b></span></p></td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_41A_20250101__20251231_zmdVqd5yv5G3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 22%; text-align: left">2025<span id="xdx_F4F_zgLyB8vLBUbg" style="display: none">(1)</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">3,095,186</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1,318,797</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1,828,539</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">1,385,068</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">207</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">(48,788</td><td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_41D_20240101__20241231_zGLx997VAaS6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">2024<span id="xdx_F40_z8MrgBf2nYdk" style="display: none">(1)</span></td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">3,300,762</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">2,359,244</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,577,033</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,206,775</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">306</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(32,005</td><td style="text-align: left">)</td></tr> <tr id="xdx_41A_20230101__20231231_z4qBZtbroyQh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2023<span id="xdx_F4D_zfCYsFpUN8x7" style="display: none">(1)</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,219,321</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,866,582</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,454,720</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,068,455</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">327</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(19,916</td><td style="text-align: left">)</td></tr> </table> 3095186 1318797 1828539 1385068 207 -48788000 3300762 2359244 1577033 1206775 306 -32005000 3219321 5866582 1454720 2068455 327 -19916000 <span id="xdx_909_eecd--PeoName_c20250101__20251231_z75i8aDrqP6h"><span id="xdx_909_eecd--PeoName_c20240101__20241231_zkMqvmiJMZQ4"><span id="xdx_904_eecd--PeoName_c20230101__20231231_zV6pd17uYsff">Marvin Slosman</span></span></span> served as our Chief Executive Officer for the entirety of 2025, 2024 and 2023. The Non-PEO NEOs for 2025 were Michael Lawless, Craig Shore and Shane Gleason. The Non-PEO NEOs for 2024 were Craig Shore and Shane Gleason. The Non-PEO NEOs for 2023 were Craig Shore and Shane Gleason. Marvin Slosman Marvin Slosman Marvin Slosman <p id="xdx_892_eecd--AdjToPeoCompFnTextBlock_dU_z6HDviK3I2fk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_495_20250101__20251231__ecd--IndividualAxis__ecd--PeoMember_z3GBgX0yzEr" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20240101__20241231__ecd--IndividualAxis__ecd--PeoMember_z9GT8P6Xc6j2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_491_20250101__20251231__ecd--IndividualAxis__ecd--NonPeoNeoMember_z5BY1UvOC7o5" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20240101__20241231__ecd--IndividualAxis__ecd--NonPeoNeoMember_zfJVpBWkX2xf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">PEO</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Non-PEO NEO Average</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: left">Summary Compensation Table Total</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eecd--PeoTotalCompAmt_c20250101__20251231_zuxaEo9tyVD8" style="width: 10%; text-align: right">3,095,186</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eecd--PeoTotalCompAmt_c20240101__20241231_ziSPYsIvD2l2" style="width: 10%; text-align: right">3,300,762</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eecd--NonPeoNeoAvgTotalCompAmt_c20250101__20251231_zzLdsb00SkT5" style="width: 10%; text-align: right">1,828,539</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eecd--NonPeoNeoAvgTotalCompAmt_c20240101__20241231_z3hdnWyZPX6b" style="width: 10%; text-align: right">1,577,033</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--GrantDateFairValueOfAwardsGrantedDuringCoveredFiscalYearMember_z2ygDYh1r0g6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">- Grant date fair value of awards granted during the covered fiscal year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,085,684</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,336,239</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,044,201</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(989,327</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--FairValueAsOfTheVestingDateOfAllAwardsGrantedDuringTheCoveredFiscalYearThatVestedDuringTheCoveredFiscalYearMember_zm02T48y2ej4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">+ Fair value as of the vesting date of all awards granted during the covered fiscal year that vested during the covered fiscal year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0056">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0057">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">241,804</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0059">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--FairValueAsOfTheEndOfTheCoveredFiscalYearOfAllAwardsGrantedDuringTheCoveredFiscalYearThatAreOutstandingAndUnvestedAtTheEndOfTheCoveredYearMember_zNEzbeo8Owa9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">+ Fair value as of the end of the covered fiscal year of all awards granted during the covered fiscal year that are outstanding and unvested at the end of the covered year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,256,868</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,888,014</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">530,223</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">801,004</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--ChangeInFairValueAsOfTheEndOfTheCoveredFiscalYearOfAnyAwardsGrantedInAnyPriorFiscalYearThatAreOutstandingAndUnvestedAsOfTheEndOfTheCoveredFiscalYearMember_zlweLyQLEC63" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">+/- Change in fair value as of the end of the covered fiscal year (from the end of the prior fiscal year) of any awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(876,622</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(230,631</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(101,897</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(87,457</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--ChangeInFairValueAsOfTheVestingDateOfAnyAwardsGrantedInAnyPriorFiscalYearForWhichAllApplicableVestingConditionsWereSatisfiedAtTheEndOfOrDuringTheCoveredFiscalYearMember_zB0lAgOYGxRg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">+/- Change in fair value as of the vesting date (from the end of the prior fiscal year) of any awards granted in any prior fiscal year for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(70,951</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(262,662</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(69,640</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(94,478</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40F_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--ChangeInFairValueAsOfTheVestingDateOfAnyAwardsGrantedInAnyPriorFiscalYearForWhichAllApplicableVestingConditionsWereSatisfiedAtTheEndOfOrDuringTheCoveredFiscalYearMember_zdv5wJuP24Nl" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Adjustment to Compensation Amount</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(70,951</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(262,662</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(69,640</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(94,478</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Compensation Actually Paid</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98A_eecd--PeoActuallyPaidCompAmt_c20250101__20251231_zyC4Tz6TRo4e" style="border-bottom: Black 2.5pt double; text-align: right">1,318,797</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_982_eecd--PeoActuallyPaidCompAmt_c20240101__20241231_zLFchA05VEPk" style="border-bottom: Black 2.5pt double; text-align: right">2,359,244</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_987_eecd--NonPeoNeoAvgCompActuallyPaidAmt_c20250101__20251231_zrMuDPdJMFAe" style="border-bottom: Black 2.5pt double; text-align: right">1,385,068</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98E_eecd--NonPeoNeoAvgCompActuallyPaidAmt_c20240101__20241231_zqvubatXObAh" style="border-bottom: Black 2.5pt double; text-align: right">1,206,775</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> 3095186 3300762 1828539 1577033 -2085684 -2336239 -1044201 -989327 241804 1256868 1888014 530223 801004 -876622 -230631 -101897 -87457 -70951 -262662 -69640 -94478 -70951 -262662 -69640 -94478 1318797 2359244 1385068 1206775 <p id="xdx_898_eecd--CompActuallyPaidVsTotalShareholderRtnTextBlock_dU_zIyAJf6ywC7k" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Compensation Actually Paid and Company TSR</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During fiscal 2023, 2024 and 2025, compensation actually paid to our PEO decreased from $<span id="xdx_900_eecd--PeoActuallyPaidCompAmt_c20230101__20231231_zP0D1nSKoj41">5,866,582</span> in fiscal 2023 to $<span id="xdx_901_eecd--PeoActuallyPaidCompAmt_c20240101__20241231_zseq1kJyUF21">2,359,244</span> in fiscal 2024 and decreased to $<span id="xdx_905_eecd--PeoActuallyPaidCompAmt_c20250101__20251231_zT5mQO1K4r7f">1,318,797</span> in fiscal year 2025. Average compensation actually paid to our Non-PEO NEOs decreased from $<span id="xdx_909_eecd--NonPeoNeoAvgCompActuallyPaidAmt_c20230101__20231231_zJ93qfDOovIc">2,068,455</span> to $<span id="xdx_90B_eecd--NonPeoNeoAvgCompActuallyPaidAmt_c20240101__20241231_zTvbbUEn144k">1,206,775</span> in fiscal 2024 and increased to $<span id="xdx_90D_eecd--NonPeoNeoAvgCompActuallyPaidAmt_c20250101__20251231_zw44zbsYcqN7">1,385,068</span> in fiscal year 2025. Over the same period, the value of a $100 investment in our common stock as of December 31, 2022 increased to $<span id="xdx_90C_eecd--TotalShareholderRtnAmt_c20230101__20231231_z376EqbH5Hfk">327</span> at the end of fiscal 2023, declined to $<span id="xdx_904_eecd--TotalShareholderRtnAmt_c20240101__20241231_z5MXSCSFss2g">306</span> at the end of fiscal 2024 and declined further to $<span id="xdx_90F_eecd--TotalShareholderRtnAmt_c20250101__20251231_zZgaaws2xPH7">207</span> at the end of fiscal 2025.</span></p> 5866582 2359244 1318797 2068455 1206775 1385068 327 306 207 <p id="xdx_89E_eecd--CompActuallyPaidVsNetIncomeTextBlock_dU_zdoIqiEEy3Qe" style="font: 10pt Times New Roman, Times, Serif; display: none; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Compensation Actually Paid and Net Loss</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During fiscal 2023, 2024 and 2025, compensation actually paid to our PEO decreased from $<span id="xdx_908_eecd--PeoActuallyPaidCompAmt_c20230101__20231231_zJcS0ehnIjql">5,866,582</span> in fiscal 2023 to $<span id="xdx_908_eecd--PeoActuallyPaidCompAmt_c20240101__20241231_zLMYc8mi4609">2,359,244</span> in fiscal 2024 and decreased to $<span id="xdx_90D_eecd--PeoActuallyPaidCompAmt_c20250101__20251231_zoLfozXHcGg2">1,318,797</span> in fiscal year 2025. Average compensation actually paid to our Non-PEO NEOs decreased from $<span id="xdx_90A_eecd--NonPeoNeoAvgCompActuallyPaidAmt_c20230101__20231231_zyRfxdJNdTd3">2,068,455</span> to $<span id="xdx_905_eecd--NonPeoNeoAvgCompActuallyPaidAmt_c20240101__20241231_z1bEEzvTNmie">1,206,775</span> in fiscal 2024 and increased to $<span id="xdx_90B_eecd--NonPeoNeoAvgCompActuallyPaidAmt_c20250101__20251231_zKxVgP80YMgf">1,385,068</span> in fiscal year 2025. Over the same period, our net loss increased by $12,089,000 during fiscal 2024 (from a net loss in fiscal 2023 of $<span id="xdx_90A_eus-gaap--NetIncomeLoss_iN_di_c20230101__20231231_zBL9qb7HtxBa">19,916,000</span> to a net loss in fiscal 2024 of $<span id="xdx_902_eus-gaap--NetIncomeLoss_iN_di_c20240101__20241231_zSK5aCNtN0ia">32,005,000</span>) and increased by $16,783,000 during fiscal 2025 (from a net loss in fiscal 2024 of $<span id="xdx_903_eus-gaap--NetIncomeLoss_iN_di_c20240101__20241231_z1aDexa1U057">32,005,000</span> to a net loss in fiscal 2025 of $<span id="xdx_90A_eus-gaap--NetIncomeLoss_iN_di_c20250101__20251231_z5xZXgbNE1Z">48,788,000</span>).</span></p> 5866582 2359244 1318797 2068455 1206775 1385068 -19916000 -32005000 -32005000 -48788000 Marvin Slosman served as our Chief Executive Officer for the entirety of 2025, 2024 and 2023. The Non-PEO NEOs for 2025 were Michael Lawless, Craig Shore and Shane Gleason. The Non-PEO NEOs for 2024 were Craig Shore and Shane Gleason. The Non-PEO NEOs for 2023 were Craig Shore and Shane Gleason. The dollar amounts reported herein represent the amount of total compensation reported for each covered fiscal year in the “Total” column of the Summary Compensation Table for each applicable year. The dollar amounts reported below represent the amount of “compensation actually paid” to our PEO and Non-PEO NEOs (as an average) as computed in accordance with Item 402(v) of Regulation S-K, for each covered fiscal year. The dollar amounts do not reflect the actual amount of compensation earned or received by or paid to the PEOs and Non-PEO NEOs during the applicable fiscal year. For purposes of the equity award adjustments shown below, no equity awards were cancelled due to a failure to meet vesting conditions and no dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date were not otherwise included in the total compensation for the covered fiscal year. In calculating the “compensation actually paid” amounts reflected in these columns, the fair value or change in fair value, as applicable, of the equity award adjustments included in such calculations was computed in accordance with FASB ASC Topic 718. The valuation assumptions used to calculate such fair values did not materially differ from those disclosed at the time of grant. The following table details the applicable adjustments that were made to the determine “compensation actually paid” (all amounts are averages for Non-PEO NEOs). The dollar amounts reported herein represent the average of the amounts of total compensation reported for our Non-PEO NEOs as a group for each covered fiscal year in the “Total” column of the Summary Compensation Table for each applicable year. Cumulative total stockholder return (“TSR”) assumes $100 was invested on December 31, 2022 and is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between our stock price at the end and the beginning of the measurement period (December 31, 2022) by our stock price at the beginning of the measurement period. At December 31, 2025, 2024 and 2023, the per share closing prices for our common stock were $1.78, $2.63 and $2.81, respectively. No dividends were paid on stock or option awards for all periods presented. Net loss is reflected as reported in our audited consolidated financial statements for the applicable fiscal year.