SHARE-BASED COMPENSATION (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| SHARE-BASED COMPENSATION |
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| Schedule of compensation expense |
| | | | | | | | | | | | Year Ended December 31, | (In thousands) | | 2025 | | 2024 | | | 2023 | Research and development | | $ | 206 | | $ | 217 | | $ | 236 | Sales and marketing | | | 397 | | | 329 | | | 245 | General and administrative | | | 2,383 | | | 760 | | | 6,736 | Total | | $ | 2,986 | | $ | 1,306 | | $ | 7,217 |
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| Schedule of weighted-average assumptions used in valuing the stock options |
| | | | | | | | | | | | | | | Year Ended December 31, | | | | 2025 | | | 2024 | | | 2023 | | Range of expected volatility | | | 88.4% to 93.03 | % | | | 81.58% to 85.61 | % | | | 75.77% to 81.26 | % | Range of risk free interest rate | | | 3.68% to 3.91 | % | | | 3.41% to 4.45 | % | | | 3.45% to 4.79 | % | Weighted average expected option life (in years) | | | 5.00 | | | | 6.12 | | | | 5.72 | | Expected dividend yield | | | 0.00 | % | | | 0.00 | % | | | 0.00 | % |
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| Schedule of stock option plans and of changes in options outstanding under the plans |
| | | | | | | | | | | | | | | Weighted Average | | Weighted Average Remaining | | | | | | Number of Options | | Exercise Price | | Contractual Term In Years | | Aggregate Intrinsic Value | Outstanding at December 31, 2022 | | 3,389,379 | | $ | 19.5 | | | | | | Exercised | | (56,668) | | $ | 1.9 | | | | | | Granted | | 844,561 | | $ | 2.1 | | | | | | Expired | | (72,178) | | $ | 17.3 | | | | | | Forfeited | | (49,930) | | $ | 3.3 | | | | | | Outstanding at December 31, 2023 | | 4,055,164 | | $ | 2.2 | | | | | | Exercised | | (1,094,406) | | $ | 1.9 | | | | | | Granted | | 1,242,961 | | $ | 5.7 | | | | | | Expired | | (209,389) | | $ | 6.6 | | | | | | Forfeited | | (419,877) | | $ | 1.9 | | | | | | Outstanding at December 31, 2024 | | 3,574,453 | | $ | 3.3 | | | | | | Exercised | | (29,500) | | $ | 1.9 | | | | | | Granted | | 64,961 | | $ | 1.5 | | | | | | Expired | | (19,875) | | $ | 2.2 | | | | | | Forfeited | | (506,625) | | $ | 6.4 | | | | | | Outstanding at December 31, 2025 | | 3,083,414 | | $ | 2.8 | | 5.84 | | | — | Vested and expected to vest at December 31, 2025 | | 2,521,914 | | $ | 2.7 | | 5.81 | | | — | Exercisable at December 31, 2025 | | 2,099,348 | | $ | 2.5 | | 5.38 | | | — |
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| Schedule of stock options outstanding |
The following summarizes information about share options that are outstanding at December 31, 2025: | | | | | | | | | | | | | | | Options Outstanding | | Options Exercisable | | | | | Weighted | | | | | | | | | | | | | Average | | | Weighted | | | | | Weighted | | | Number | | Remaining | | | Average | | Number | | | Average | Range of | | Outstanding at | | Contractual | | | Exercise | | Exercisable at | | | Exercise | Exercise Prices | | December 31, 2025 | | Life in Years | | | Price | | December 31, 2025 | | | Price | $1.26 - $1.93 | | 2,225,453 | | 4.88 | | $ | 1.92 | | 1,644,387 | | $ | 1.91 | $2.31 - $2.69 | | 284,961 | | 8.31 | | $ | 2.64 | | 157,461 | | $ | 2.61 | $3.59 - $5.20 | | 80,000 | | 8.19 | | $ | 4.40 | | 70,000 | | $ | 4.28 | $5.78 - $6.89 | | 490,000 | | 8.44 | | $ | 6.33 | | 227,500 | | $ | 6.02 | $42.70 | | 3,000 | | 2.25 | | $ | 42.70 | | — | | $ | — | | | 3,083,414 | | 5.84 | | $ | 2.79 | | 2,099,348 | | $ | 2.49 |
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