STOCKHOLDERS’ EQUITY (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Share-Based Payment Arrangement [Abstract] |
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| Schedule of Nonvested Restricted Stock Shares Activity |
The following table summarizes restricted stock activity during the year ended December 31, 2025 and the six months ended June 30, 2026: | | | | | | | | | | | | | Restricted Stock | Common Shares | Weighted Average
Grant Date
Fair Value | Weighted Average
Remaining Years
to Vest | | Nonvested at December 31, 2024 | — | | $ | — | | 0.0 | | Granted | 122,892 | | 2.93 | | | | Vested | (122,892) | | 2.93 | | | | Nonvested at December 31, 2025 | — | | $ | — | | 0.0 | | Granted | 49,968 | | 3.60 | | | | Vested | (49,968) | | 3.60 | | | | Nonvested at June 30, 2026 | — | | $ | — | | 0.0 |
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| Schedule of Nonvested Restricted Stock Units Activity |
The following table summarizes RSU activity for the year ended December 31, 2025 and the six months ended June 30, 2026: | | | | | | | | | | | | | Restricted Stock Units | Common Shares | Weighted Average
Grant Date
Fair Value | Weighted Average
Remaining Years
to Vest | | Nonvested at December 31, 2024 | 2,048,772 | | $ | 2.33 | | 2.6 | | Granted | 737,535 | | 3.07 | | | | Vested | (726,564) | | 2.73 | | | | Forfeited | (288,816) | | 2.47 | | | | Nonvested at December 31, 2025 | 1,770,927 | | $ | 2.57 | | 1.3 | | Granted | 428,182 | | 3.65 | | | | Vested | (335,178) | | 2.53 | | | | Forfeited | (214,664) | | 2.71 | | | | Nonvested at June 30, 2026 | 1,649,267 | | $ | 2.91 | | 2.5 |
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| Schedule of Share-based Payment Arrangement, Option, Activity |
A summary of option activity under the 2011 Equity Incentive Plan during the year ended December 31, 2025 and the six months ended June 30, 2026, is presented below: | | | | | | | | | | | | | | | | | | | Options Outstanding | Common Shares | | Weighted Average
Exercise Price | | Weighted Average
Remaining Life
(Years) | | Outstanding at December 31, 2024 | 33,339 | | | $ | 18.60 | | | 3.7 | | Granted | — | | | — | | | | | Exercised | (125) | | | 2.08 | | | | | Expired | (13,936) | | | 28.21 | | | | | Forfeited | (9) | | | 12.61 | | | | | Outstanding at December 31, 2025 | 19,269 | | | $ | 11.76 | | | 3.5 | | Granted | — | | | — | | | | | Exercised | — | | | — | | | | | Expired | (5,169) | | | 9.24 | | | | | Forfeited | — | | | — | | | | | Outstanding at June 30, 2026 | 14,100 | | | $ | 12.68 | | | 3.5 | | | | | | | | Exercisable at June 30, 2026 | 14,100 | | | $ | 12.68 | | | |
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| Schedule of Nonvested Share Activity |
A summary of the nonvested stock option activity under the 2011 Equity Incentive Plan during the year ended December 31, 2025, and six months ended June 30, 2026, is presented below: | | | | | | | | | | | | | | | | | | | Nonvested Options | Common Shares | | Weighted Average
Grant Date
Fair Value | | Weighted Average
Remaining Years
to Vest | | Nonvested at December 31, 2024 | 1,125 | | | $ | 18.60 | | | 3.8 | | Granted | — | | | — | | | | | Exercised | — | | | — | | | | | Vested | (1,125) | | | 11.76 | | | | | Forfeited | — | | | — | | | | | Nonvested at December 31, 2025 | — | | | — | | | 0.0 | | Granted | — | | | — | | | | | Exercised | — | | | — | | | | | Vested | — | | | — | | | | | Forfeited | — | | | — | | | | | Nonvested at June 30, 2026 | — | | | $ | — | | | 0.0 |
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| Share-Based Payment Arrangement, Restricted Stock Unit, Activity |
The following table contains summarized information about inducement grant-related RSUs during the year ended December 31, 2025 and the six months ended June 30, 2026. | | | | | | | | | | | | | Inducement Shares | Time-Based | Weighted Average
Grant Date
Fair Value | Weighted Average
Remaining Years
to Vest | | Nonvested at December 31, 2024 | 50,000 | | $ | 2.52 | | 3.8 | | Granted | — | | — | | | | Vested | — | | | | | Forfeited | — | | — | | | | Nonvested at December 31, 2025 | 50,000 | | 2.52 | | 2.8 | | Granted | — | | — | | | | Vested | (18,750) | | | | | Forfeited | — | | — | | | Nonvested at June 30, 2026 | 31,250 | | $ | 2.52 | | 2.3 |
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| Schedule of Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award |
Total stock-based compensation expense recognized on restricted stock, restricted stock units, stock options, and employee stock purchase plan issuances during the three and six months ended June 30, 2026 and 2025 was recorded in the Company’s unaudited consolidated statements of operations as follows: | | | | | | | | | | | | | | | | Three Months Ended June 30, | Six Months Ended June 30, | | 2026 | 2025 | 2026 | 2025 | | Cost of revenue | $ | 16,014 | | $ | 1,340 | | $ | 37,140 | | $ | 63,789 | | | Sales and marketing | 515,965 | | 59,994 | | 589,503 | | 49,724 | | General and administrative(1) | (174,114) | | 294,380 | | 133,388 | | 527,333 | | | Total stock-based compensation | $ | 357,865 | | $ | 355,714 | | $ | 760,031 | | $ | 640,846 | |
(1) Stock-based compensation expense for the General and Administrative department was negative during the period as a result of the targeted workforce reduction announced in May 2026. The negative expense reflects the reversal of previously recognized compensation cost associated with unvested awards that were forfeited upon employee termination. The Company recognizes stock-based compensation expense on a straight-line basis over the requisite service period. When an employee departs prior to completing the vesting period, any unvested awards are forfeited and previously recognized expense related to those awards is reversed in the period of forfeiture.
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| Schedule of Accumulated Other Comprehensive Income (Loss) |
The activity in accumulated other comprehensive income (loss) for the three and six months ended June 30, 2026 and 2025 was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | 2026 | | 2025 | | Currency Translation Adjustment | Reclassification of Foreign Currency Translation Adjustment to Income | Total Accumulated Other Comprehensive Loss | | Unrealized Gain (Loss) on Securities | Currency Translation Adjustment | Reclassification of Foreign Currency Translation Adjustment to Income | Total Accumulated Other Comprehensive Loss | | Balance at March 31 | $ | (23,582) | | $ | (34,218) | | $ | (57,800) | | | $ | (1,694) | | $ | 17,837 | | $ | (34,218) | | $ | (18,075) | | | Other comprehensive income (loss) | (24,825) | | — | | (24,825) | | | 1,694 | | (34,932) | | — | | (33,238) | | | Balance at June 30 | $ | (48,407) | | $ | (34,218) | | $ | (82,625) | | | $ | — | | $ | (17,095) | | $ | (34,218) | | $ | (51,313) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, | | 2026 | | 2025 | | Currency Translation Adjustment | Reclassification of Foreign Currency Translation Adjustment to Income | Total Accumulated Other Comprehensive Loss | | Unrealized Gain (Loss) on Securities | Currency Translation Adjustment | Reclassification of Foreign Currency Translation Adjustment to Income | Total Accumulated Other Comprehensive Income (Loss) | | Balance at December 31 | $ | (19,462) | | $ | (34,218) | | $ | (53,680) | | | $ | 12,209 | | $ | 127,296 | | $ | (34,218) | | $ | 105,287 | | | Other comprehensive loss | (28,945) | | — | | (28,945) | | | (12,209) | | (144,391) | | — | | (156,600) | | | Balance at June 30 | $ | (48,407) | | $ | (34,218) | | $ | (82,625) | | | $ | — | | $ | (17,095) | | $ | (34,218) | | $ | (51,313) | |
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