SHARE CAPITAL |
6 Months Ended |
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Jun. 30, 2026 | |
| Equity [Abstract] | |
| SHARE CAPITAL | 12. SHARE CAPITAL
In November 2025, the Company’s board of directors authorized a share repurchase program (the “Repurchase Program”) under which the Company may repurchase up to $ million of its outstanding common shares, for a period of 12 months, subject to contractual requirements. The board of directors will periodically review the Company’s Repurchase Program and may decide to extend its term or increase the authorized amount. As of June 30, 2026, the Company has repurchased common shares in the open market for a total cost of $ million pursuant to the Repurchase Program. Subsequently, the Company repurchased an additional common shares in the open market for a total cost of $ million.
As of June 30, 2026 and December 31, 2025, the Company owed $ thousand worth of stock-based compensation to a former officer of the Company which is reflected in the accompanying unaudited condensed consolidated statements of stockholders’ equity as obligation to issue shares.
Basic net loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding for the periods presented. Diluted net loss per share is computed by dividing net loss by giving effect to all potential weighted average dilutive common shares. For diluted net loss per share, the dilutive effect of outstanding awards is reflected by application of the treasury stock method and convertible securities by application of the if-converted method, as applicable.
For the three and six months ended June 30, 2026 and 2025, basic net loss per share is the same as diluted net loss per share as the inclusion of outstanding awards and convertible securities would have been anti-dilutive.
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