v3.25.3
STOCK-BASED PAYMENT ARRANGEMENTS (Tables)
 9 Months Ended
Sep. 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 model. 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 during the nine months ended September 30, 2025 and September 30, 2024, were as follows:

 

   As of 
   September 30, 2025   September 30, 2024 
Share price  $4.50 to $5.10   $4.31 to $5.72 
Expected volatility (weighted-average)   46% to 60%   73% to 95%
Expected life (weighted-average)   2.46 to 3.91 years    4.13 to 10 years 
Expected dividends   -%   -%
Risk-free interest rate (based on US government bonds)   4.39 - 4.45%    4.24 - 4.26%
Weighted-average grant date fair value  $4.73   $4.87 
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 
   September 30, 2025   September 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   40    4.73    75    4.87 
Forfeited/ Expired   (40)   0.76    (74)   1.43 
Exercised   (3,610)   0.57    (6,282)   0.59 
Outstanding at end of period  $11,381   $1.27   $15,662   $1.06 
Exercisable at end of period  $9,315   $1.18   $11,820   $0.91 
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   15,286 
Vested and Issued   (10,186)
Forfeited   (3,574)
Balance at, September 30, 2025   26,145 
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 interim condensed consolidated statements of comprehensive income (loss).

 

   Three Months Ended September 30, 
   2025   2024 
  

Options

Expense

  

RSU

Expense

   Total  

Options

Expense

  

RSU

Expense

   Total 
Cost of Sales – Agent Stock-Based Compensation  $      -   $12,555   $12,555   $          -   $9,613   $9,613 
Marketing Expenses – Agent Stock-Based Compensation   55    3,880    3,935    90    2,575    2,665 
Marketing Expenses – FTE Stock-Based Compensation   -    43    43    1    5    6 
Research and Development – FTE Stock-Based Compensation   -    339    339    5    303    308 
General and Administrative – FTE Stock-Based Compensation   178    2,862    3,040    383    2,442    2,825 
Total Stock-Based Compensation  $233   $19,679   $19,912   $479   $14,938   $15,417 

 

   Nine Months Ended September 30, 
   2025   2024 
  

Options

Expense

  

RSU

Expense

   Total  

Options

Expense

  

RSU

Expense

   Total 
Cost of Sales – Agent Stock-Based Compensation  $-   $32,757   $32,757   $-   $23,763   $23,763 
Marketing Expenses – Agent Stock-Based Compensation   180    10,348    10,528    301    6,836    7,137 
Marketing Expenses – FTE Stock-Based Compensation   -    126    126    2    9    11 
Research and Development – FTE Stock-Based Compensation   3    941    944    20    621    641 
General and Administrative – FTE Stock-Based Compensation   640    5,419    6,059    1,448    4,797    6,245 
Total Stock-Based Compensation  $823   $49,591   $50,414   $1,771   $36,026   $37,797