v3.26.1
INCOME TAXES - Components of the Company's deferred tax assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Deferred Tax Assets    
Depreciation $ 707 $ 69
Lease liability 2,247 5,062
Capitalized research and development costs 8,670 9,445
Stock compensation 3,065 1,549
Other 2 48
Net operating losses 46,467 31,292
Research and development credits 5,063 5,063
Gross Deferred Tax Assets 66,221 52,528
Valuation allowance (64,142) (48,312)
Deferred tax assets, net 2,079 4,216
Deferred Tax Liabilities    
Deferred Tax Liabilities, Leasing Arrangements 1,994 4,089
Unrealized exchange gain (85) (127)
Deferred tax liabilities, net $ (2,079) $ (4,216)