STOCK BASED COMPENSATION (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
| Share-Based Payment Arrangement [Abstract] |
|
| SCHEDULE OF AWARDS OUTSTANDING |
The
following table presents a summary of awards outstanding:
SCHEDULE
OF AWARDS OUTSTANDING
| | |
2009 Plan | | |
2019 Plan | | |
2022 Plan | | |
Inducement Plan | | |
Total | |
| | |
June 30, 2026 | |
| | |
2009 Plan | | |
2019 Plan | | |
2022 Plan | | |
Inducement Plan | | |
Total | |
| Stock options | |
| 1,497,118 | | |
| 1,595,058 | | |
| 2,742,687 | | |
| 1,152,899 | | |
| 6,987,762 | |
| RSUs/PSUs | |
| - | | |
| - | | |
| 4,128,216 | | |
| - | | |
| 4,128,216 | |
| Total awards outstanding | |
| 1,497,118 | | |
| 1,595,058 | | |
| 6,870,903 | | |
| 1,152,899 | | |
| 11,115,978 | |
|
| SCHEDULE OF STOCK-BASED COMPENSATION EXPENSES |
The
following table summarizes stock-based compensation expenses included in operating expenses:
SCHEDULE
OF STOCK-BASED COMPENSATION EXPENSES
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three Months Ended June 30, | | |
Six Months Ended June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
(in thousands) | |
| General and administrative | |
$ | 1,398 | | |
$ | 870 | | |
$ | 2,365 | | |
$ | 1,907 | |
| Research and development | |
| 875 | | |
| 612 | | |
| 1,690 | | |
| 1,107 | |
| Total stock-based compensation expenses | |
$ | 2,273 | | |
$ | 1,482 | | |
$ | 4,055 | | |
$ | 3,014 | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three Months Ended June 30, | | |
Six Months Ended June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
(in thousands) | |
| Stock Options | |
$ | 1,482 | | |
$ | 1,245 | | |
$ | 2,946 | | |
$ | 2,674 | |
| RSUs/PSUs | |
| 783 | | |
| 185 | | |
| 1,101 | | |
| 288 | |
| ESPP | |
| 8 | | |
| 52 | | |
| 8 | | |
| 52 | |
| Stock-based compensation
expenses | |
$ | 2,273 | | |
$ | 1,482 | | |
$ | 4,055 | | |
$ | 3,014 | |
|
| SCHEDULE OF RESTRICTED STOCK UNITS ACTIVITY |
The
following table summarizes the activity of the Company’s RSUs and PSUs:
SCHEDULE
OF RESTRICTED STOCK UNITS ACTIVITY
| | |
Number of RSUs and PSUs | | |
Weighted Average Grant Date Fair Value | |
| Outstanding, December 31, 2025 | |
| 1,221,432 | | |
$ | 4.41 | |
| Granted | |
| 3,074,181 | | |
| 3.00 | |
| Vested | |
| (153,028) | | |
| 4.53 | |
| Forfeited | |
| (14,369) | | |
| 2.97 | |
| Outstanding, June 30, 2026 | |
| 4,128,216 | | |
$ | 3.66 | |
|
| SCHEDULE OF ASSUMPTIONS USED FOR OPTIONS GRANTED |
The
assumptions used for the options granted during the period are as follows:
SCHEDULE
OF ASSUMPTIONS USED FOR OPTIONS GRANTED
| | |
Six Months Ended June 30, | |
| | |
2026 | | |
2025 | |
| Exercise prices | |
$ | 3.03 | | |
$ | 3.95 | |
| Expected dividend yield | |
| - | | |
| - | |
| Expected volatility | |
| 109 | % | |
| 100 | % |
| Risk-free interest rate | |
| 4.2 | % | |
| 4.4 | % |
| Expected term of options | |
| 6.3 | | |
| 7.0 | |
|
| SCHEDULE OF STOCK OPTION ACTIVITY |
The
table below summarizes the Company’s stock option activities for the six months ended June 30, 2026:
SCHEDULE OF STOCK OPTION ACTIVITY
| | |
Number of Shares Subject to Outstanding Options | | |
Weighted Average Exercise Price (Per share) | | |
Weighted Average Remaining Contractual Terms (in Years) | | |
Aggregate Intrinsic Value | |
| Outstanding at December 31, 2025 | |
| 6,711,979 | | |
$ | 3.92 | | |
| 6.51 | | |
$ | 5,863 | |
| Granted | |
| 426,168 | | |
| 3.19 | | |
| | | |
| | |
| Cancelled | |
| (18,492 | ) | |
| 2.65 | | |
| | | |
| | |
| Exercised | |
| (5,542 | ) | |
| 2.29 | | |
| | | |
| | |
| Expired | |
| (126,351 | ) | |
| 4.83 | | |
| | | |
| | |
| Outstanding at June 30, 2026 | |
| 6,987,762 | | |
$ | 4.22 | | |
| 7.21 | | |
$ | 650 | |
| Vested and exercisable, June 30, 2026 | |
| 4,514,608 | | |
$ | 5.02 | | |
| 3.98 | | |
| - | |
| Unvested, June 30, 2026 | |
| 2,473,154 | | |
| | | |
| | | |
| | |
|
| SCHEDULE OF WARRANTS ACTIVITIES |
The
table below summarizes the Company’s warrants activities for the six months ended June 30, 2026:
SCHEDULE OF WARRANTS ACTIVITIES
| | |
Number of Warrant Shares | | |
Exercise Price Range Per Share | | |
Weighted Average Exercise Price | |
| Outstanding, December 31, 2025 | |
| 7,930,785 | | |
$ | 3.00 – $9.00 | | |
$ | 5.30 | |
| Granted | |
| - | | |
| - | | |
| - | |
| Cancelled | |
| - | | |
| - | | |
| - | |
| Exercised | |
| - | | |
| - | | |
| - | |
| Expired | |
| (177,395) | | |
| 9.00 | | |
| 9.00 | |
| Outstanding, June 30, 2026 | |
| 7,753,390 | | |
$ | 3.00 – $9.00 | | |
$ | 5.22 | |
| Vested and exercisable, June 30, 2026 | |
| 7,753,390 | | |
$ | 3.00
– $9.00 | | |
$ | 5.22 | |
|