v3.25.2
STOCK-BASED PAYMENT ARRANGEMENTS (Tables)
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF INDIRECT MEASUREMENT OF FAIR VALUE OF SHARES GRANTED DURING PERIOD

The fair value of the Options has been measured using the Black-Scholes formula. The Black-Scholes model requires management to make certain assumptions including the expected life of the stock options, volatility and risk-free interest rate. Service and non-market performance conditions attached to the arrangements were not considered in measuring fair value. The inputs used in the measurement of the fair value at the grant and measurement date of options granted in the period were as follows:

 

   As of 
   June 30, 2025   June 30, 2024 
Share price  $5.10   $4.31 
Expected volatility (weighted-average)   60%   95%
Expected life (weighted-average)   2.46 years    10 years 
Expected dividends   —%   —%
Risk-free interest rate (based on US government bonds)   4.45%   4.26%
Weighted-average grant date fair value  $5.10   $4.31 
SCHEDULE OF NUMBER OF OPTIONS AND WEIGHTED AVERAGE EXERCISE PRICES

The following table outlines the number of Options (in thousands) and weighted-average exercise price:

 

   As of 
   June 30, 2025   June 30, 2024 
  

Number of

Options

  

Weighted-

Average

Exercise Price

  

Number of

Options

  

Weighted-

Average

Exercise Price

 
Outstanding at beginning of year   14,991   $1.09    21,943   $0.92 
Granted   15    5.10    45    4.31 
Forfeited/ Expired   (35)   0.84    (50)   2.38 
Exercised   (1,234)   0.62    (3,151)   0.62 
Outstanding at end of period   13,737   $1.14    18,787   $0.98 
Exercisable at end of period   11,345   $1.04    14,270   $0.81 
SCHEDULE OF STOCK ACTIVITY FOR RESTRICTED SHARE UNIT PLAN

The following table illustrates the Company’s stock activity (in thousands of units) for the RSUs under its equity plans.

 

  

Restricted
Share Units

 
Balance at, December 31, 2023   27,609 
Granted   17,769 
Vested and Issued   (19,376)
Forfeited   (1,383)
Balance at, December 31, 2024   24,619 
Granted   10,379 
Vested and Issued   (6,963)
Forfeited   (3,310)
Balance at, June 30, 2025   24,725 
SCHEDULE OF BREAKDOWN OF THE STOCK-BASED COMPENSATION EXPENSE

The following tables provide a detailed breakdown of the stock-based compensation expense (in thousands) as reported in the condensed consolidated statements of comprehensive income (loss).

 

   For the Three Months Ended 
   June 30, 2025   June 30, 2024 
   Options
Expense		   RSU
Expense		   Total   Options
Expense		   RSU
Expense		   Total 
Cost of Sales – Agent Stock-Based Compensation  $-   $12,260   $12,260   $-   $8,936   $8,936 
Marketing Expenses – Agent Stock-Based Compensation   56    3,422    3,478    69    2,266    2,335 
Marketing Expenses – FTE Stock-Based Compensation   -    43    43    -    1    1 
Research and Development – FTE Stock-Based Compensation   2    298    300    8    190    198 
General and Administrative – FTE Stock-Based Compensation   209    1,505    1,714    461    1,605    2,066 
Total Stock-Based Compensation  $267   $17,528   $17,795   $538   $12,998   $13,536 

 

   For the Six Months Ended 
   June 30, 2025   June 30, 2024 
   Options
Expense		   RSU
Expense		   Total   Options
Expense		   RSU
Expense		   Total 
Cost of Sales – Agent Stock-Based Compensation  $-   $20,202   $20,202   $-   $14,150   $14,150 
Marketing Expenses – Agent Stock-Based Compensation   125    6,468    6,593    211    4,261    4,472 
Marketing Expenses – FTE Stock-Based Compensation   -    83    83    1    4    5 
Research and Development – FTE Stock-Based Compensation   3    602    605    15    318    333 
General and Administrative – FTE Stock-Based Compensation   462    2,557    3,019    1,065    2,355    3,420 
Total Stock-Based Compensation  $590   $29,912   $30,502   $1,292   $21,088   $22,380