v3.26.1
STOCK-BASED PAYMENT ARRANGEMENTS (Tables)
 3 Months Ended
Mar. 31, 2026
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 option pricing model. The Black-Scholes model requires management to make certain assumptions, including the expected life of the stock options, expected volatility, and risk-free interest rate. Service and non-market performance conditions attached to the awards are not considered in measuring fair value. The assumptions used to estimate the fair value of stock options granted during the periods ended March 31, 2026 and March 31, 2025, were as follows:

 

   As of 
   March 31, 2026   March 31, 2025 
Share price  $—   $5.10 
Expected volatility (weighted-average)    —%    60%
Expected life (weighted-average)   0 years    2.46 years 
Expected dividends    —%    —%
Risk-free interest rate (based on U.S. government bonds)    —%   4.45%
Weighted-average grant date fair value  $—   $5.10 
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 
   March 31, 2026   March 31, 2025 
  

Number of

Options

  

Weighted-

Average

Exercise Price

  

Number of

Options

  

Weighted-

Average

Exercise Price

 
Outstanding at beginning of year   10,704   $1.32    14,991   $1.09 
Granted   —    —    15    5.10 
Forfeited/ Expired   (189)   0.13    (19)   0.92 
Exercised   (155)   0.67    (486)   0.69 
Outstanding at end of period   10,360   $1.34    14,501   $1.11 
Exercisable at end of period   8,968   $1.29    11,729   $0.99 
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 plan. Once fully vested, awards are either settled in stock or the equivalent cash value, as determined at the Company’s discretion. RSUs are historically and expected to be equity-settled and therefore are classified as equity awards.

 

   Restricted Share Units 
Balance at, December 31, 2024   24,619 
Granted   20,022 
Vested and Issued   (13,110)
Forfeited   (4,139)
Balance at, December 31, 2025   27,392 
Granted   9,064 
Vested and Issued   (2,972)
Forfeited   (273)
Balance at, March 31, 2026   33,211 
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 loss.

 

   For the Three Months Ended 
   March 31, 2026   March 31, 2025 
  

Options

Expense

  

RSU

Expense

   Total  

Options

Expense

  

RSU

Expense

   Total 
Cost of Sales – Agent Stock-Based Compensation  $—   $9,603   $9,603   $—   $7,942   $7,942 
Marketing Expenses – Agent Stock-Based Compensation   44    4,327    4,371    69    3,046    3,115 
Marketing Expenses – FTE Stock-Based Compensation   -    14    14    -    40    40 
Research and Development – FTE Stock-Based Compensation   -    293    293    1    304    305 
General and Administrative – FTE Stock-Based Compensation   107    2,613    2,720    253    1,052    1,305 
Total Stock-Based Compensation  $151   $16,850   $17,001   $323   $12,384   $12,707