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STOCK OPTIONS (Tables)
12 Months Ended
Dec. 31, 2025
STOCK OPTIONS  
Summary of stock option activity

A summary of Director, officer, and employee options granted and outstanding under the 2008 Stock Option Plan is presented below:

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Years Ended December 31, 

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2025

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2024

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2023

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Weighted

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Weighted

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Weighted

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Average

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Average

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Average

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Exercise

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Exercise

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Exercise

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Shares

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Price

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Shares

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Price

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Shares

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Price

Outstanding at beginning of period

 

145,950

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$

2.05

 

147,150

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$

2.06

 

147,150

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$

2.06

Granted

 

—

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$

—

 

—

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$

—

 

—

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$

—

Exercised

 

—

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$

—

 

—

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$

—

 

—

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$

—

Forfeited

 

(23,800)

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$

2.75

 

(1,200)

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$

2.75

 

—

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$

—

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Outstanding at end of period

 

122,150

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$

1.91

 

145,950

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$

2.05

 

147,150

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$

2.06

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Exercisable at end of period

 

122,150

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$

1.91

 

145,950

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$

2.05

 

147,150

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$

2.06

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Summary of stock options by exercise price

The following table summarizes information about Director, officer, and employee options outstanding under the 2008 Stock Option Plan at December 31, 2025:

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Weighted Average

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Exercise Prices

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Shares Outstanding

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Remaining Contractual Life

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Shares Exercisable

$

1.05

 

60,000

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0.99

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60,000

$

2.75

 

62,150

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0.69

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62,150

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