| Schedule of Stock Option Activity |
The following table summarizes the Company’s stock option activity under the Pre-IPO Plan since December 31, 2025: | | | | | | | | | | | | | | | | | Number of Shares | | Weighted- Average Exercise Price | | Outstanding as of December 31, 2025 | | 24,089,219 | | $ | 1.07 | | | Granted | | – | | – | | | Exercised | | (2,862,389) | | 0.27 | | | Forfeited | | – | | – | | | Outstanding as of June 30, 2026 | | 21,226,830 | | $ | 1.18 | | | Options exercisable as of June 30, 2026 | | 21,226,830 | | $ | 1.18 | |
The following table summarizes the Company’s stock option activity under the 2020 Plan since December 31, 2025: | | | | | | | | | | | | | | | | | Number of Shares | | Weighted- Average Exercise Price | | Outstanding as of December 31, 2025 | | 36,376,041 | | $ | 7.38 | | | Granted | | 10,545,951 | | 3.50 | | | Exercised | | (443,561) | | 3.49 | | | Forfeited | | (1,372,144) | | 6.98 | | | Outstanding as of June 30, 2026 | | 45,106,287 | | $ | 6.53 | | | Options exercisable as of June 30, 2026 | | 21,588,549 | | $ | 9.40 | |
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| Schedule of Restricted Share Units Activity |
The following table summarizes the Company’s RSU activity under the 2020 Plan since December 31, 2025: | | | | | | | | | | | | | | | | | Number of Shares | | Weighted- Average Grant Date Fair Value | | Outstanding as of December 31, 2025 | | 8,837,384 | | $ | 4.75 | | | Granted | | 4,126,574 | | 3.45 | | | Vested and settled | | (2,562,972) | | 5.56 | | | Forfeited | | (559,646) | | 4.36 | | | Outstanding as of June 30, 2026 | | 9,841,340 | | $ | 4.02 | |
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| Schedule of Stock-Based Compensation Expense |
Stock-based compensation was classified in the condensed consolidated statements of loss and comprehensive loss as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | | | 2025 | | 2026 | | 2025 | | 2026 | | Research and development expenses | | $ | 7,506 | | | $ | 6,714 | | | $ | 15,642 | | | $ | 13,753 | | | Sales, general, and administrative expenses | | 6,702 | | | 5,572 | | | 13,351 | | | 10,546 | | | | $ | 14,208 | | | $ | 12,286 | | | $ | 28,993 | | | $ | 24,299 | |
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