v3.25.2
SHARE-BASED PAYMENT (Tables)
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions
The grant date fair value of the stock options was determined using the Black-Scholes-Merton model with the following assumptions:
Six months ended June 30, 2025
Exercise price$3.57 
Expected terms (years)5.94
Volatility109.06 %
Risk-free interest rate4.04 %
Expected dividend yields0.00 %
Weighted average fair value of options granted$2.99 
Schedule of Stock Option Activity Plan
Stock options activity for the six months ended June 30, 2025 and 2024 was as follows:
Stock options lifeNumber of Shares Weighted Average Exercise Price
(US$)		Weighted Average Grant Date
Fair Value (US$)		Weighted Average Remaining
Contractual Life
Outstanding as of December 31, 202432,701,399 5.80 4.58 4.5
Granted300,000 3.57 2.99 
Exercised(33,334)2.08 1.48 
Forfeited(3,947,722)6.20 4.85 
Outstanding as of June 30, 202529,020,343 5.72 4.53 4.2
Expected to vest and exercisable as of June 30, 202529,020,343 5.72 4.53 4.2
Exercisable as of June 30, 202526,487,010 6.12 4.85 4.0
Outstanding as of December 31, 202332,876,682 6.01 4.73 5.7
Forfeited(1,243,497)4.22 2.83 
Outstanding as of June 30, 202431,633,185 6.08 4.80 5.2
Expected to vest and exercisable as of June 30, 202431,633,185 6.08 4.80 5.2
Exercisable as of June 30, 202420,922,066 6.15 4.88 5.2
Schedule Non-vested Shares Activity
The non-vested RSUs activity for the six months ended June 30, 2025 and 2024 was as follows:
Number of
Non-Vested
Shares 		Weighted
Average Grant
Date Fair Value
Per Share (U.S.$)
Outstanding as of December 31, 20243,423,305 1.63 
Granted1,208,787 2.78 
Vested(489,143)2.57 
Forfeited(128,941)1.81 
Outstanding as of June 30, 20254,014,008 1.86 
Outstanding as of December 31, 20233,598,606 3.07 
Granted79,909 1.40 
Vested(503,505)2.65 
Forfeited(749,267)4.33 
Outstanding as of June 30, 20242,425,743 2.72 
Schedule of Classification of Stock-based Compensation
The following summarizes the classification of share-based compensation:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Cost of revenues$62 $1,481 $124 $2,619 
General and administrative expenses566 7,633 1,003 15,800 
Research and development expenses156 2,521 306 4,298 
Selling and marketing expenses62 488 116 1,271 
Construction in process— (17)— 14 
Total$846 $12,106 $1,549 $24,002