FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2025

FAIR VALUE MEASUREMENTS

Summary of major categories of assets and liabilities measured at fair value on a recurring basis


		As of December 31, 2025
		Level 1			Level 2				Level 3		Total
Assets:
Short-term investments		$	33,753		$	—		$	—		$	33,753
Total assets measured at fair value		$	33,753		$	—		$	—		$	33,753
Liabilities:
Share-based compensation liability		$	—		$	—		$	29,182		$	29,182
Total liabilities measured at fair value		$	—		$	—		$	29,182		$	29,182


		As of December 31, 2024
		Level 1			Level 2				Level 3		Total
Assets:
Short-term investments		$	33,051		$	—		$	—		$	33,051
Total assets measured at fair value		$	33,051		$	—		$	—		$	33,051
Liabilities:
Share-based compensation liability		$	—		$	—		$	199,263		$	199,263
Warrant liability			—			—			5,592			5,592
Total liabilities measured at fair value		$	—		$	—		$	204,855		$	204,855