Stock Transactions

12 Months Ended

Dec. 31, 2025

Equity [Abstract]

Stock Transactions

Stock Transactions

On November 19, 2018, we received a promissory note from an employee in consideration for the early exercise of 11,000 shares of common stock options. The promissory note was secured by the underlying shares of common stock and bears interest at 2.86% per annum. In June 2023, the note was amended to no longer accrue interest after March 31, 2023 and to extend the maturity date to October 1, 2025. During the three months ended December 31, 2025, we entered into a settlement agreement pursuant to which we received a settlement payment of $50,000 and all of the underlying shares of common stock will be surrendered to the Company as treasury shares.

Since the note was a limited recourse note, the note receivables was not reflected in our consolidated balance sheets as of December 31, 2025 and 2024.