v3.26.1
SHARE-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2026
SHARE-BASED COMPENSATION  
Schedule of unvested Class A membership interest converted

Six Months Ended

Three Months Ended

Six Months Ended

Stock Option

Number of

Exercise

June 30,

June 30,

Issuance Date

Options

Price

2026

2025

2026

2025

June 2021

40,375

$

125.20

$

$

$

$

July 2021

77,500

123.60

January 2022

4,000

88.80

6,317

April 2022

1,500

75.80

1,793

7,170

February 2023

23,375

68.20

109,521

73,014

219,042

June 2023

2,500

55.00

February 2024

41,750

63.00

183,713

183,713

367,426

367,426

June 2024

3,000

47.60

27,630

55,260

January 2025

1,500

15.54

1,560

1,559

3,120

2,599

February 2025

32,275

15.96

April 2026

120,850

2.36

15,264

15,264

Total

348,625

$

200,537

$

324,216

$

458,824

$

657,814

Schedule of fair value of options assumptions

Three Months Ended

June 30,

2026

2025

Expected term

6.2

years

5.0

years

Volatility

104

%

102

%

Dividend yield

%

%

Risk-free interest rate

4

%

4.25

%

Weighted average grant date fair value

$

1.94

$

12.33

Schedule of stock option activity

Weighted

Average

Weighted

Remaining

Aggregate

Number of

  ​ ​ ​

Average

Contractual Term

Intrinsic

Options

  ​ ​ ​

Exercise Price

(in years)

Value

Outstanding, vested and expected to vest at December 31, 2025

227,775

 

$

88.45

6.76

 

$

Granted

120,850

2.36

9.83

Exercised

Forfeited

Outstanding, vested and expected to vest at June 30, 2026

348,625

$

58.61

7.50

$

Exercisable

223,822

$

87.41

6.29

$