v3.26.1
Share-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock option activity

Stock option activity during the three months ended June 30, 2026 consisted of the following:

 

 

Options

 

 

Weighted
Average Fair
Value Per
Share

 

 

Weighted
Average
Exercise Price
Per Share

 

 

Weighted
Average
Remaining
Years

 

 

Aggregate
Intrinsic
Value

 

December 31, 2025 — Options outstanding

 

 

1,211

 

 

$

0.47

 

 

$

0.66

 

 

 

3.69

 

 

$

1,399

 

Granted

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

—

 

Exercised

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

—

 

Forfeited

 

 

(23

)

 

 

0.34

 

 

 

0.46

 

 

 

 

 

 

42

 

March 31, 2026 — Options outstanding

 

 

1,188

 

 

$

0.47

 

 

$

0.66

 

 

 

3.51

 

 

$

1,154

 

Granted

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

—

 

Exercised

 

 

(23

)

 

 

0.64

 

 

 

0.46

 

 

 

 

 

 

35

 

Forfeited

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

—

 

June 30, 2026 — Options outstanding

 

 

1,165

 

 

$

0.47

 

 

$

0.66

 

 

 

3.25

 

 

$

2,746

 

June 30, 2026 — Options vested and exercisable

 

 

1,165

 

 

$

0.47

 

 

$

0.66

 

 

 

3.25

 

 

$

2,746

 
Schedule of Restricted Stock Units (RSUs) Activity

RSU activity during the three months ended June 30, 2026 consisted of the following:

 

 

RSUs

 

 

Weighted
Average
Grant Date
Fair Value

 

 

Weighted
Average Fair
Value

 

December 31, 2025 — RSU outstanding

 

 

3,096,067

 

 

$

3.79

 

 

$

5,605,441

 

Granted

 

 

96,716

 

 

 

2.22

 

 

 

215,355

 

Vested

 

 

(898,345

)

 

 

3.59

 

 

 

1,873,916

 

Forfeited

 

 

—

 

 

 

—

 

 

 

—

 

March 31, 2026 — RSU outstanding

 

 

2,294,438

 

 

$

3.80

 

 

$

3,741,339

 

Granted

 

 

332,617

 

 

 

2.02

 

 

 

673,312

 

Vested

 

 

(740,401

)

 

 

4.12

 

 

 

2,167,773

 

Forfeited

 

 

(375

)

 

 

4.00

 

 

 

653

 

June 30, 2026 — RSU outstanding

 

 

1,886,279

 

 

$

3.54

 

 

$

5,699,166

 
Schedule of Recognized Stock-Based Compensation Expense

The Company recognized stock-based compensation expense (including Earn-out RSUs) in the unaudited condensed consolidated statements of operations for the three and six months ended June 30, 2026 totaling approximately $2.0 million and $4.1 million, respectively, and June 30, 2025, totaling approximately $1.6 million and $3.1 million, respectively, which consisted of the following (in thousands):

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Cost of goods sold

 

$

54

 

 

$

47

 

 

$

119

 

 

$

108

 

Research and development

 

 

315

 

 

 

336

 

 

 

670

 

 

 

691

 

Sales and marketing

 

 

246

 

 

 

206

 

 

 

658

 

 

 

437

 

General and administrative

 

 

1,373

 

 

 

985

 

 

 

2,660

 

 

 

1,861

 

Total

 

$

1,988

 

 

$

1,574

 

 

$

4,107

 

 

$

3,097