v3.26.1
SHARE-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Share-Based Payment Arrangement, Option, Activity

 

 

Number of Options

 

Weighted-Average Exercise Price

 

Weighted-Average Remaining Contractual Term (In Years)

 

Outstanding - January 1, 2025

 

938,453

 

$

5.08

 

9.20

 

Granted

 

727,901

 

$

1.21

 

9.41

 

Exercised

 

—

 

$

—

 

—

 

Modified/Cancelled

 

—

 

$

—

 

—

 

Expired/Forfeited

 

(698,754)

 

$

4.88

 

—

 

Outstanding - December 31, 2025

 

967,600

 

$

3.14

 

8.58

 

Granted

 

125,000

 

$

2.91

 

9.61

 

Exercised

 

(109,755)

 

$

3.27

 

—

 

Modified/Cancelled

 

—

 

$

—

 

—

 

Expired/Forfeited

 

(124,147)

 

$

2.10

 

—

 

Outstanding - June 30, 2026

 

858,698

 

$

3.24

 

8.49

 

Exercisable - June 30, 2026

 

301,616

 

$

4.22

 

7.41

 
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions

 

 

For the Six Months Ended

 

 

 

June 30, 2026

 

Weighted average grant date fair value

 

$

2.21

 

Expected term (years)

 

 

3.89-5.72

 

Risk-free interest rate

 

 

4.32

%

Expected volatility

 

 

65.00

%

Expected dividends yield

 

 

—

%

Exercise price

 

$

2.25-3.90

 

 

 

 

For the Six Months Ended

 

 

 

June 30, 2025

 

Weighted average grant date fair value

 

$

2.57

 

Expected term (years)

 

 

5.14-5.52

 

Risk-free interest rate

 

 

3.5-3.51

%

Expected volatility

 

 

52.0

%

Expected dividends yield

 

 

0

%

Exercise price

 

$

2.20-2.93

 
Share-Based Payment Arrangement, Option [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Share-Based Payment Arrangement, Expensed and Capitalized, Amount

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

(in thousands)

 

2026

 

2025

 

2026

 

2025

 

General and administrative

 

$

113

 

$

228

 

$

216

 

$

455

 

Total

 

$

113

 

$

228

 

$

216

 

$

455

 
Restricted Stock Units (RSUs) [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Share-Based Payment Arrangement, Expensed and Capitalized, Amount

 

 

Three Months Ended June 30,

 

Six  Months Ended June 30,

 

(in thousands)

 

2026

 

2025

 

2026

 

2025

 

General and administrative

 

$

313

 

$

273

 

$

471

 

$

354

 

Total

 

$

313

 

$

273

 

$

471

 

$

354

 
Share-Based Payment Arrangement, Restricted Stock Unit, Activity

 

 

Number of Units

 

Weighted Average Grant Date FV

 

RSUs outstanding at January 1, 2025

 

255,716

 

$

4.13

 

Granted

 

247,091

 

$

2.60

 

Vested

 

(134,522)

 

$

3.61

 

Forfeited

 

(217,138)

 

$

5.51

 

RSUs outstanding at December 31, 2025

 

151,147

 

$

         2.66

 

Granted

 

344,600

 

$

3.85

 

Vested

 

(102,400)

 

$

3.51

 

Forfeited

 

(6,875)

 

$

1.56

 

RSUs outstanding at June 30, 2026

 

386,472

 

$

3.52

 
Warrant [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Share-Based Payment Arrangement, Restricted Stock Unit, Activity

 

 

 Number of Shares

 

 Weighted-Average Exercise Price

 

 Weighted-Average Remaining Contractual Term (In Years)

 

Warrants outstanding - January 1, 2025

 

101,672

 

$

7.06

 

4.40

 

Issued

 

—

 

$

—

 

—

 

Exercised

 

—

 

$

—

 

—

 

Expired

 

—

 

$

—

 

—

 

Warrants outstanding - December 31, 2025

 

101,672

 

$

7.06

 

2.92

 

Issued

 

94,625

 

$

16.51

 

4.56

 

Exercised

 

(55,000)

 

$

10.00

 

—

 

Expired

 

—

 

$

—

 

—

 

Warrants outstanding - June 30, 2026

 

141,297

 

$

12.25

 

3.50

 

Warrants exercisable - June 30, 2026

 

141,297

 

$

12.25

 

3.50