v3.26.1
STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation The following table presents the amount of stock-based compensation related to stock-based awards issued to employees on the Company’s condensed consolidated statements of operations and comprehensive loss (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Cost of revenue$62 $530 $133 $329 
Research and development106 127 205 502 
Sales and marketing13 316 26 922 
General and administrative433 697 1,039 1,151 
Total stock-based compensation$614 $1,670 $1,403 $2,904 
Schedule of Share-Based Payment Arrangement Option Activity
Stock option and RSU activity, prices, and values during the six months ended June 30, 2026 are as follows (in thousands, except for share, per share, and contractual term data):
Options OutstandingRSUs
Number of
shares
Weighted
average
exercise price
Weighted
average
remaining
 contractual
term
(years)
Aggregate
intrinsic
values
($'000s)
Number of plan shares outstandingWeighted average
grant date fair value
per Share
Balances as of December 31, 2025
128,858 $9.63 3.83$— 786,188 $7.40 
Options and RSUs granted989,985 1.57 906,611 1.41 
Options exercised and RSUs released— — (123,320)7.63 
Options and RSUs forfeited(60,635)10.02 (480,888)2.35 
Balances as of June 30, 2026
1,058,208 $2.07 8.88$— 1,088,591 $4.62 
Options vested and exercisable - December 31, 2025
124,742 $9.24 3.70$— 
Options vested and exercisable - June 30, 2026
141,969 $4.63 4.34$— 
Schedule of Share-Based Payment Arrangement Restricted Stock Unit Activity
Stock option and RSU activity, prices, and values during the six months ended June 30, 2026 are as follows (in thousands, except for share, per share, and contractual term data):
Options OutstandingRSUs
Number of
shares
Weighted
average
exercise price
Weighted
average
remaining
 contractual
term
(years)
Aggregate
intrinsic
values
($'000s)
Number of plan shares outstandingWeighted average
grant date fair value
per Share
Balances as of December 31, 2025
128,858 $9.63 3.83$— 786,188 $7.40 
Options and RSUs granted989,985 1.57 906,611 1.41 
Options exercised and RSUs released— — (123,320)7.63 
Options and RSUs forfeited(60,635)10.02 (480,888)2.35 
Balances as of June 30, 2026
1,058,208 $2.07 8.88$— 1,088,591 $4.62 
Options vested and exercisable - December 31, 2025
124,742 $9.24 3.70$— 
Options vested and exercisable - June 30, 2026
141,969 $4.63 4.34$— 
Schedule of Valuation Assumptions
In accordance with ASC 718, the fair value of each option granted during the six months ended June 30, 2026 has been estimated as of the date of grant using the following weighted average assumptions:
Six Months Ended June 30, 2026
Risk-free rate4.20 %
Expected volatility287.94 %
Expected term6.09 years
Expected dividends—