Company: FORA
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001140361-25-042313
Chunk: 23

Company: Forian Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 23
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,837) 
     $2.20 

      Forfeited and expired

      (1,789,919) 
     $7.15 

      Outstanding at September 30, 2025

      2,330,040 
     $5.62 

      Vested options at September 30, 2025

      1,511,972 
     $7.03 

   The weighted average exercise price and remaining contractual life of options outstanding as of September 30, 2025 was $5.62 and 7.08 years, respectively. The total aggregate intrinsic value of the options outstanding as of September 30, 2025 was approximately $36,480.  
   The weighted average exercise price and remaining contractual life of exercisable options as of September 30, 2025 was $7.03 and 6.53 years, respectively. The total aggregate intrinsic value of the exercisable options as of September 30, 2025 was approximately $0.  
  
   Stock Compensation Expense
   
   The weighted-average grant date fair value per share for the stock options granted was $1.41 and $2.00 for the nine months ended September 30, 2025 and 2024, respectively.  
   At September 30, 2025, the total unrecognized stock compensation expense related to unvested stock option awards and restricted stock awards and restricted stock units granted was $4,632,726, which the Company expects to recognize over a weighted-average period of approximately 1.7 years. Stock compensation expense for the three and nine months ended September 30, 2025 and 2024 was as follows:  

      For the Three Months EndedSeptember 30,     
      For the Nine Months EndedSeptember 30,     

      2025

      2024

      2025

      2024

      Services

     $27,126 
     $38,254 
     $109,272 
     $114,424 

      Research and development

      29,040 
      26,517 
      90,833 
      79,512 

      Sales and marketing

      95,061 
      66,828 
      266,954 
      203,272 

      General and administrative