v3.26.1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Activity
The following table summarizes the Company’s restricted stock activity consisting of RSUs:
 Shares
Outstanding 		Weighted-
average
Grant Date
Fair Value
Outstanding at December 31, 20256,754,124$4.91 
Granted2,170,510$1.59 
Vested(8,924,634)$4.10 
Unvested at March 31, 2026— $— 
Schedule of Stock Option Activity
The following table summarizes the Company’s stock option activity:
Stock OptionsWeighted-
Average
Exercise Price
Per Share		Aggregate Intrinsic Value
Outstanding at December 31, 20251,000,000$2.67 $— 
Granted1,625,000$1.85 
Forfeited(1,100,000)$2.25 
Outstanding at March 31, 20261,525,000$1.82 $3,165,978 
Exercisable at March 31, 2026—$— $— 
Vested or expected to vest at March 31, 20261,525,000$1.82 $3,165,978 
Schedule of Stock-Based Compensation Expense
Stock-based compensation expense is included in “selling, general and administrative” on the accompanying unaudited condensed consolidated statements of operations and comprehensive loss was:
Three Months Ended
March 31,
20262025
Stock-based compensation expense $3,830,985 $6,039,973 
Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award
Shares retained to fund withholding taxes and the value of shares retained to fund withholding taxes were as follows:
Three Months Ended
March 31,
20262025
Shares retained to fund withholding taxes2,026,237 — 
Value of shares retained to fund withholding taxes$2,694,895 $—