v3.26.1
STOCKHOLDERS' EQUITY (Tables)
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Summary of Stock Option Activity

The following table summarizes the changes in the Company’s outstanding stock options for the six months ended June 30, 2026:

 

 

Number of
Options

 

 

Weighted Average Exercise Price

 

Outstanding at January 1, 2026

 

 

15,524,201

 

 

$

1.36

 

Granted

 

 

683,400

 

 

$

1.49

 

Exercised

 

 

(248,335

)

 

$

1.02

 

Forfeited / Cancelled / Expired

 

 

(270,557

)

 

$

1.28

 

Outstanding at June 30, 2026

 

 

15,688,709

 

 

$

1.37

 

Assumptions Used to Value Option Grants to Nonemployees The assumptions used to value option grants to non-employee directors for the six months ended June 30, 2026:

 

 

June 30,
2026

Risk Free interest rate

 

4.16% - 4.20%

Expected dividend yield

 

0%

Expected term

 

5.5

Expected volatility

 

54.04% - 54.08%

 

Summary of Restricted Stock Unit Activity

The following table summarizes the changes in the Company’s outstanding RSUs for the six months ended June 30, 2026:

 

 

Number of
RSUs

 

 

Weighted Average Grant Date Fair Value

 

Outstanding at January 1, 2026

 

 

2,788,214

 

 

$

0.76

 

Granted

 

 

4,052,278

 

 

$

1.14

 

Released

 

 

(762,809

)

 

$

0.76

 

Forfeited

 

 

(155,799

)

 

$

0.88

 

Outstanding at June 30, 2026

 

 

5,921,884

 

 

$

1.02

 

Summary of Stock-Based Compensation Expenses by Function

The Company’s stock-based compensation expenses for the periods presented were as follows:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Cost of sales

 

$

29

 

 

$

48

 

 

$

46

 

 

$

66

 

Research and development

 

 

296

 

 

 

367

 

 

 

534

 

 

 

712

 

Sales and marketing

 

 

107

 

 

 

71

 

 

 

169

 

 

 

134

 

General and administrative

 

 

471

 

 

 

61

 

 

 

801

 

 

 

580

 

Total stock-based compensation expense

 

$

903

 

 

$

547

 

 

$

1,550

 

 

$

1,492