v3.26.1
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
SCHEDULE OF STOCK BASED COMPENSATION

The following table summarizes stock-based compensation (in thousands):

 

   2025   2024 
   For the year ended December 31, 
   2025   2024 
         
Research and development  $1,355   $1,561 
Selling, general and administrative   9,424    5,067 
Total stock-based compensation expense  $10,779   $6,628 
SCHEDULE OF STOCK OPTION ACTIVITY

The following table summarizes stock option activity during the year ended December 31, 2025 and 2024.

 

   Number of
Options
   Weighted
Average
Exercise Price
   Weighted
Average
Remaining
Contractual
Term (years)
   Aggregate
Intrinsic Value
(in thousands)
 
                 
Outstanding at December 31, 2023   179,001   $38.58    6.83   $3 
Granted      $       $ 
Cancelled/forfeited   (2,414)  $33.84       $ 
Exercised      $       $ 
Outstanding at December 31, 2024   176,857   $38.64    5.83   $6 
Granted      $       $ 
Cancelled/forfeited   (568)  $14.21       $ 
Exercised      $       $ 
Outstanding at December 31, 2025   176,019   $38.72    4.85   $5 
Exercisable   175,489   $38.82    4.84   $4 
Unvested   530   $4.48    6.38   $1 
SCHEDULE OF RESTRICTED STOCK AWARD ACTIVITY

The following table summarizes restricted stock award activity:

 

   Number of
Awards
   Weighted Average
Grant Date Fair
Value Per Unit
 
         
Outstanding at December 31, 2023   2,448,169   $4.25 
Granted   2,065,054   $4.95 
Cancelled/forfeited   (183,114)  $3.78 
Vested   (1,009,298)  $4.64 
Outstanding at December 31, 2024   3,320,811   $4.60 
Granted   2,405,231   $5.30 
Cancelled/forfeited   (82,784)  $5.00 
Vested   (1,462,277)  $4.71 
Outstanding at December 31, 2025   4,180,981   $4.96 
2015 Equity Incentive Plan [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE

Further information regarding options outstanding under the 2015 Incentive Plan as of December 31, 2025 is summarized below:

 

             Weighted-Average       Weighted-Average 
  Range of
Exercise Prices
  Number of
Options
Outstanding
   Remaining
Life In
Years
   Exercise
Price
   Number of
Options
Exercisable
   Remaining
Life in
Years
   Exercise
Price
 
                               
$ 4.00  $22.75    19,520    6.0   $16.58    18,990    6.0   $16.92 
  25.50   47.00    104,279    4.5    33.52    104,279    4.5    33.52 
  54.50   58.50    52,020    5.2    56.96    52,020    5.2    56.96 
  164.75   183.50    200    3.1    164.75    200    3.1    164.75 
           176,019              175,489