Note 4 - Incentive Stock Plan

9 Months Ended

Sep. 30, 2025

Share-Based Payment Arrangement, Option [Member]

Share-Based Payment Arrangement [Text Block]

4. Incentive Stock Plan

During the period ended September 30, 2025, the Company calculated the fair value of the options granted based on assumptions used in the Cox-Ross-Rubinstein binomial pricing model using the following inputs: the price of the Company’s common stock on the date of issuance; risk-free interest rate of 4.43%, expected volatility of 153% based on the volatility of the Company’s common stock, exercise price of $3.46, and terms of 10 years.

During the period ended September 30, 2025, 46,787 shares of restricted common stock valued at $161,430 were granted. The restricted common stock shares vest in equal amounts on March 31, 2025, June 30, 2025, September 30, 2025, and December 31, 2025.

During the period ended September 30, 2025, 10,000 shares of restricted common stock valued at $29,000 were granted. The restricted common stock vested at issuance.

The following table presents the Company’s options as of September 30, 2025:

	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Life (in years)
Options as of December 31, 2024		144,125		$	9.09		7.35
Issued		15,000		$	3.46		10.00
Forfeited		-		$	-		-
Exercised		(26,500	)	$	3.65		8.50
Options as of September 30, 2025		132,625		$	9.54		6.70

At September 30, 2025, options to purchase 128,875 shares of common stock were vested and options to purchase 3,750 shares of common stock remained unvested. The Company expects to incur expenses for the unvested options totaling $12,800 as they vest.

BLACKBOXSTOCKS INC. 10-Q