| EARNINGS PER SHARE |
16.EARNINGS PER SHARE The following table sets forth the computation of basic and diluted net loss per share for common stock: | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | Net loss | | $ | (6,900) | | $ | (7,849) | | $ | (12,838) | | $ | (19,099) | | | | | | | | | | | | | | Basic weighted-average common shares(1) | | | 161,191,157 | | | 160,416,365 | | | 160,949,018 | | | 160,344,652 | Effect of dilutive securities | | | — | | | — | | | — | | | — | Diluted weighted-average common shares(1) | | | 161,191,157 | | | 160,416,365 | | | 160,949,018 | | | 160,344,652 | Basic and diluted net loss per common share | | $ | (0.04) | | $ | (0.05) | | $ | (0.08) | | $ | (0.12) |
| (1) | The basic and diluted weighted-average common shares exclude (i) the Sponsor Shares for the portion of each period during which they were outstanding, through their forfeiture and cancellation on June 4, 2026, after which no Sponsor Shares were outstanding, and (ii) shares held by Jamie Siminoff, the Company’s former Chief Strategy Officer, that were subject to a right of repurchase held by the Company. |
The following table presents the number of potentially dilutive common shares issuable upon the exercise or vesting of outstanding stock options, restricted common stock, restricted stock units (“RSUs”) and common stock warrants that were excluded from the computation of diluted net loss per share because their inclusion would have been anti-dilutive: | | | | | | | | | June 30, 2026 | | June 30, 2025 | Stock options | | | 16,503,313 | | | 24,381,384 | Restricted common stock held by the Sponsor | | | — | | | 738,000 | Restricted common stock held by Jamie Siminoff | | | 2,861,351 | | | 2,861,351 | Restricted stock units | | | 1,383,857 | | | 375,640 | Warrants | | | 1,000,000 | | | 16,333,301 | Total | | | 21,748,521 | | | 44,689,676 |
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