v3.26.1
EQUITY-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Fair Value Assumptions The fair value of the option grants of $0.1 million has been estimated with the following assumptions for the year ended December 31, 2025:

 

 

 

2025

 

Risk-free interest rate

 

4.00%-4.61%

 

Volatility

 

82% - 123.31%

 

Expected life (years)

 

4.5 -6 years

 

Expected dividend yield

 

 

0.00

 %

 

Summary of Stock Option Activity

The following table summarizes stock option activity for employees and non-employees for the twelve months ended December 31, 2025 and 2024:

 

 

 

Shares

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Term
(in years)

Outstanding at December 31, 2023

 

 

62

 

 

$

34,243.20

 

 

7.13

Granted

 

 

117

 

 

$

543.60

 

 

 

Exercised

 

 

 

 

 

 

 

 

Forfeited

 

 

(4

)

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

Outstanding at December 31, 2024

 

 

175

 

 

$

12,015.00

 

 

8.2

Exercisable at December 31, 2024

 

 

52

 

 

$

36,550.80

 

 

6.17

Granted

 

 

 

 

$

 

 

 

Options assumed from asset acquisition

 

 

13,548

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

Outstanding at December 31, 2025

 

 

13,723

 

 

$

480.70

 

 

7.51

Exercisable at December 31, 2025

 

 

10,216

 

 

$

451.34

 

 

7.35