v3.26.1
Stock Option Plan (Tables)
6 Months Ended
Jun. 30, 2026
Stock Option Plan [Abstract]  
Schedule of Stock Option Activity

Stock option activity during the six months ended June 30, 2026 was as follows:

 

    Number of
options
    Weighted
average
exercise
price
    Weighted
average
remaining
contractual life
(years)
    Aggregate
intrinsic
value
 
Balance as of December 31, 2025     14,162,648     $ 0.31       6.41     $ 2,541  
Retroactive application of reverse recapitalization     (7,061,496 )                            
Balance as of December 31, 2025     7,101,152       0.62       6.41       2,541  
Options granted     357,965       2.17                  
Options exercised     (447,117 )     0.30               1,107  
Options cancelled     (423,460 )     0.55                  
Balance as of June 30, 2026     6,588,540     $ 0.73       6.45     $ 14,952  
Vested and expected to vest at June 30, 2026     6,588,540     $ 0.73       6.45     $ 14,952  
Exercisable at June 30, 2026     4,563,093     $ 0.56       5.40     $ 11,136  
Schedule of Fair Value Inputs

The fair value of stock options granted was estimated using the following weighted-average assumptions:

 

    Six Months Ended
June 30,
 
    2026     2025  
Expected term (in years)     6.1       6.1  
Expected volatility     65.6 %     64.9 %
Risk-free rate     4.1 %     4.1 %
Dividend yield            
Schedule of Share Based Arrangement

The Company’s total stock-based compensation for the three and six months ended June 30, 2026 and 2025 was as follows:

 

   

Three Months Ended
June 30,

   

Six Months Ended
June 30,

 
    2026     2025     2026     2025  
Cost of revenue   $ 16     $ 3     $ 34     $ 6  
Research and development     13       14       24       25  
Selling, general and administrative     122       89       218       258  
Total stock-based compensation   $ 151     $ 106     $ 276     $ 289