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 summarizes stock-based compensation (in thousands):

 

   2026   2025   2026   2025 
   For the three months ended June 30,    For the six months ended June 30, 
   2026   2025   2026   2025 
                 
Research and development  $294   $232   $517   $902 
Selling, general and administrative   3,075    2,598    5,809    4,629 
Total stock-based compensation expense  $3,369   $2,830   $6,326   $5,531 
SCHEDULE OF STOCK OPTION ACTIVITY

The following table summarizes stock option activity during the six months ended June 30, 2026.

 

  

Number of

Options

  

Weighted

Average

Exercise Price

  

Weighted

Average

Remaining

Contractual

Term (years)

  

Aggregate

Intrinsic

Value

(in thousands)

 
                 
Outstanding at December 31, 2025   176,019   $38.72    4.85   $5 
Granted      $       $ 
Cancelled/forfeited   (7,349)  $24.42       $ 
Exercised      $       $ 
Outstanding at June 30, 2026   168,670   $39.34    2.89   $8 
Exercisable   168,670   $39.34    2.89   $8 
Unvested      $       $ 
SCHEDULE OF RESTRICTED STOCK AWARD ACTIVITY

The following table summarizes restricted stock award activity during the six months ended June 30, 2026:

 

  

Number of

Awards

  

Weighted Average

Grant Date Fair

Value Per Unit

 
         
Outstanding at December 31, 2025   4,180,981   $4.96 
Granted   2,265,911   $5.30 
Cancelled/forfeited   (263,015)  $5.13 
Vested   (1,436,392)  $4.90 
Outstanding at June 30, 2026   4,747,485   $5.13