Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2026

Shareholders’ Equity [Abstract]

Summary of Option Activity

The following table provides a summary of option activity under the Plan:

				Weighted average
			Weighted	remaining		Aggregate
	Number of		average exercise	contractual		intrinsic value
	options		price	life (years)		(1)
Outstanding at December 31, 2025	96,250	$	45	8.89	$	-
Granted	-		-	-		-
Outstanding at March 31, 2026	96,250		44.69	8.64		-
Exercisable at March 31, 2026	-	$	-	-	$	-

(1)

The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying options and the closing price of the common stock for the options that were in the money as of March 31, 2026.

Stock Options, Valuation Assumptions

The assumptions used in the Black-Scholes option-pricing model for stock options granted were:

	2025
Expected volatility	31.90	%
Weighted-average risk-free interest rate	3.84	%
Expected dividend yield	0	%
Expected term (in years)	5.0 - 7.5

Components of Basic and Diluted EPS

The components of basic and diluted EPS were as follows:

	Three Months Ended
		March 31, 2026	March 31, 2025
Basic weighted average shares outstanding		3,141,417	3,156,550
Weighted average dilutive options outstanding		17,693	0
Diluted weighted average shares outstanding		3,159,110	3,156,550