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Stock–Based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Units Activity
A summary of the restricted stock unit activity during the year ended December 31, 2025 is as follows:
Number of Shares Weighted Average Grant-Date Fair Value
Unvested Vested
Restricted stock units outstanding at January 1, 202515,557 7,499 $6.99 
Granted31,446 – 4.77 
Vested(26,557)26,557 6.50 
Issuance of common stock for restricted stock units– (34,056)
Cancelled(4,723)– 2.49 
Restricted stock units outstanding at December 31, 202515,723 – 4.77 
Schedule of Fair Value of Stock Options Assumptions The assumptions utilized are as follows:
Years Ended
20252024
Risk-free interest rate3.98 %
3.85% - 3.98%
Expected dividend yield0.00 %0.00 %
Expected volatility47.35 %
47.32% - 47.35%
Expected life6 years6 years
Summary of Stock Option Activity
A summary of the common stock option activity during the year ended December 31, 2025 is as follows:
Number of SharesWeighted Average Exercise PriceWeighted Average Remaining Contractual Life (in years)
Common stock options outstanding at January 1, 20252,943,676$10.03 2.98
Granted400,0001.48 
Exercised(7,205)2.92 
Forfeited(72,565)1.43 
Expired(182,294)10.73 
Common stock options outstanding at December 31, 20253,081,6128.94 3.17
Common stock options exercisable at December 31, 20252,091,05510.03 2.90
Common stock options not vested at December 31, 2025990,557
Common stock options available for future grants at December 31, 2025 (1)1,057,167
(1)Common stock available for future issuance under the 2022 Plan represent 1,800,000 of authorized shares; less 727,110 common stock options outstanding and 15,723 restricted stock units outstanding.
Schedule of Warrants Activity
A summary of the ABG Warrant activity during the year ended December 31, 2025 is as follows:
Number of SharesWeighted Average
Exercise Price
Weighted Average Remaining Contractual Life
(in years)
Unvested Vested
ABG Warrants outstanding at January 1, 2025999,540$11.55 4.45
Forfeited(999,540)– – 
ABG Warrants outstanding at December 31, 2025– – – – 
A summary of the Publisher Partner Warrants activity during the year ended December 31, 2025 is as follows:
Number
of
Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Life
(in Years)
Publisher Partner Warrants outstanding at January 1, 202523,200$6.91 4.15
Granted– 0
Cancelled(23,200)
 Publisher Partner Warrants outstanding at December 31, 2025– 0
 Publisher Partner Warrants exercisable at December 31, 2025
 Publisher Partner Warrants not vested at December 31, 2025
 Publisher Partner Warrants available for future grants at December 31, 2025
Summary of Stock-based Compensation
Stock–based compensation and equity-based expense charged to operations or capitalized during the years ended December 31, 2025 and 2024 are summarized as follows:
Year Ended December 31, 2025
Restricted StockEquity PlansWarrantsTotals
Cost of revenue$– $115 $$120 
Selling and marketing12 52 – 64 
General and administrative160 141 – 301 
Total costs charged to operations172 308 485 
Capitalized platform development– 25 – 25 
Total stock-based compensation$172 $333 $$510 
Year Ended December 31, 2024
Restricted StockEquity
Plans
WarrantsTotals
Cost of revenue$119 $745 $13 $877 
Selling and marketing20 187 – 207 
General and administrative909 432 – 1,341 
Total costs charged to operations1,048 1,364 13 2,425 
Capitalized platform development– 259 – 259 
Total stock-based compensation$1,048 $1,623 $13 $2,684 
Schedule of Unrecognized Compensation Expense
Unrecognized compensation expense related to the stock-based compensation awards and equity-based awards as of December 31, 2025 was as follows:
As of December 31, 2025
Restricted StockEquity
Plans
WarrantsTotals
Unrecognized compensation cost$61 $247 $$309 
Expected weighted-average period expected to be recognized (in years)0.663.330.452.79