Annual report [Section 13 and 15(d), not S-K Item 405]

Pay vs Performance Disclosure

v3.26.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Pay vs Performance Disclosure      
Peer Group Issuers, Footnote Total shareholder return (“TSR”) as calculated is based on a fixed investment of $100 measured from the market close on December 31, 2022 through and including the end of the fiscal year for each year reported in the table.    
Named Executive Officers, Footnote For 2025, the PEO was Scott Maskin and the non-PEOs were James Brennan, Kristin Hlavka, and Andrew Childs until March 6, 2025. For 2024, the PEO was Kyle Udseth until May 17, 2024, and Scott Maskin beginning May 17, 2024, and the Non-PEO NEOs were Eric Ingvaldson until August 28, 2024, Andrew Childs beginning August 28, 2024, James Brennan, and Kristin Hlavka. For 2023, the PEO was Kyle Udseth, and the Non-PEO NEOs were Eric Ingvaldson and Kristin Hlavka.    
Pay vs Performance Disclosure, Table PAY VERSUS PERFORMANCE

 

The following table sets forth additional compensation information of our Chief Executive Officer (referred to as our “PEO” in this section) and of the average of our other NEOs (the “Non-PEO NEOs”) along with total shareholder return and net loss for 2025, 2024 and 2023:

Summary Compensation Table Total for Current PEO (1)

Compensation Actually Paid to 2024 PEO (2)

Summary Compensation Table Total for Former PEO (1)

Compensation Actually Paid to Former PEO (2)

Average Summary Compensation Table Total for Non-PEO NEOs (1)

Average Compensation Actually Paid to Non-PEO NEOs (2)

Value of Initial Fixed $100 Investment Based on Total Shareholder Return (3)

Net Loss

Year

$

$

$

$

$

$

$

$

2025

308,159

308,079

-

-

183,510

183,422

0.0

(10,892,833)

2024

274,864

247,511

168,891

24,495

178,963

133,557

0.0

(15,849,805)

2023

-

-

569,114

113,661

396,715

235,999

5.9

(8,132,167)

(1)For 2025, the PEO was Scott Maskin and the non-PEOs were James Brennan, Kristin Hlavka, and Andrew Childs until March 6, 2025. For 2024, the PEO was Kyle Udseth until May 17, 2024, and Scott Maskin beginning May 17, 2024, and the Non-PEO NEOs were Eric Ingvaldson until August 28, 2024, Andrew Childs beginning August 28, 2024, James Brennan, and Kristin Hlavka. For 2023, the PEO was Kyle Udseth, and the Non-PEO NEOs were Eric Ingvaldson and Kristin Hlavka.

(2)A reconciliation of Total Compensation from the Summary Compensation Table (“SCT”) to Compensation Actually Paid to our PEOs and our Non-PEO NEOs (as an average) is shown below.

(3)Total shareholder return (“TSR”) as calculated is based on a fixed investment of $100 measured from the market close on December 31, 2022 through and including the end of the fiscal year for each year reported in the table.

    
Adjustment To PEO Compensation, Footnote

Adjustments

Current PEO
‎($)

Former PEO
‎($)

Average of Non-PEO NEOs
‎($)

Total 2025 Compensation from SCT

308,159

—

183,510

Subtraction: Stock Awards and Option Awards reported in SCT

—

—

—

Addition: Fair value at year-end of awards granted during the covered fiscal year that are outstanding and unvested at covered year-end

—

—

—

Addition (Subtraction): Year-over-year change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at covered year-end

—

—

(51)

Addition: Vesting date fair value of awards granted and vesting during the covered year

—

—

—

Addition (Subtraction): Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during the covered year*

(80)

—

(37)

(Subtraction): Fair value at end of prior year of awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during the covered year

—

—

—

Addition: Dividends or other earnings paid on stock or option awards in the covered year prior to vesting if not otherwise included in the total compensation for the covered year

—

—

—

Compensation Actually Paid for 2025 (as calculated)

308,079

—

183,422

Adjustments

Current PEO
‎($)

Former PEO
‎($)

Average of Non-PEO NEOs
‎($)

Total 2024 Compensation from SCT

274,864

168,891

178,963

Subtraction: Stock Awards and Option Awards reported in SCT

—

—

—

Addition: Fair value at year-end of awards granted during the covered fiscal year that are outstanding and unvested at covered year-end

—

—

—

Addition (Subtraction): Year-over-year change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at covered year-end

(13,686)

—

(11,589)

Addition: Vesting date fair value of awards granted and vesting during the covered year

—

—

—

Addition (Subtraction): Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during the covered year*

(13,667)

(57,350)

(11,315)

(Subtraction): Fair value at end of prior year of awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during the covered year

—

(87,046)

(22,502)

Addition: Dividends or other earnings paid on stock or option awards in the covered year prior to vesting if not otherwise included in the total compensation for the covered year

—

—

—

Compensation Actually Paid for 2024 (as calculated)

247,511

24,495

133,557

Adjustments

Current PEO
‎($)

Former PEO
‎($)

Average of Non-PEO NEOs
‎($)

Total 2023 Compensation from SCT

—

569,114

396,715

Subtraction: Stock Awards and Option Awards reported in SCT

—

151,072

109,527

Addition: Fair value at year-end of awards granted during the covered fiscal year that are outstanding and unvested at covered year-end

—

63,214

45,830

Addition (Subtraction): Year-over-year change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at covered year-end

—

(264,304)

(69,747)

Addition: Vesting date fair value of awards granted and vesting during the covered year

—

—

—

Addition (Subtraction): Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during the covered year*

—

(103,291)

(27,272)

(Subtraction): Fair value at end of prior year of awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during the covered year

—

—

—

Addition: Dividends or other earnings paid on stock or option awards in the covered year prior to vesting if not otherwise included in the total compensation for the covered year

—

—

—

Compensation Actually Paid for 2023 (as calculated)

—

113,661

235,999
   
Non-PEO NEO Average Total Compensation Amount $ 183,510 $ 178,963 $ 396,715
Non-PEO NEO Average Compensation Actually Paid Amount $ 183,422 133,557 235,999
Compensation Actually Paid vs. Total Shareholder Return Compensation Actually Paid vs TSR

Picture 3

 

    
Compensation Actually Paid vs. Net Income Compensation Actually Paid vs Net Income (Loss)

Picture 2

 

    
Peer Group Total Shareholder Return Amount $ 0.0 0.0 5.9
Net loss (10,892,833) (15,849,805) (8,132,167)
Scott Maskin [Member]      
Pay vs Performance Disclosure      
PEO Total Compensation Amount 308,159 274,864  
PEO Actually Paid Compensation Amount $ 308,079 247,511  
PEO Name Scott Maskin    
Kyle Udseth [Member]      
Pay vs Performance Disclosure      
PEO Total Compensation Amount   168,891 569,114
PEO Actually Paid Compensation Amount   $ 24,495 113,661
PEO Name   Kyle Udseth  
PEO | Scott Maskin [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount   $ (13,686)  
PEO | Scott Maskin [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (80) (13,667)  
PEO | Kyle Udseth [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     (151,072)
PEO | Kyle Udseth [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     63,214
PEO | Kyle Udseth [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     (264,304)
PEO | Kyle Udseth [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount   (57,350) (103,291)
PEO | Kyle Udseth [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount   (87,046)  
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     (109,527)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount     45,830
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (51) (11,589) (69,747)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (37) (11,315) $ (27,272)
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount   $ (22,502)