v3.26.1
EQUITY-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Activities for Stock Options
The following table summarizes stock options for the six months ended June 30, 2026:
Number of SharesWeighted-Average Exercise Price per Share
Outstanding at December 31, 20253,152,005 $9.36 
Granted203,674 6.87 
Exercised(31,526)4.77 
Forfeited(31,351)10.00 
Outstanding at June 30, 20263,292,802 $9.24 
Exercisable as of June 30, 20263,103,104 $9.33 
Schedule of Information for Outstanding and Exercisable Options
The following table shows summary information for outstanding options and options that are exercisable (including 386,321 vested options and 2,716,783 options which are early exercisable) as of June 30, 2026:
Options OutstandingOptions Exercisable
Number of options3,292,802 3,103,104 
Weighted average remaining contractual term (years)8.218.12
Weighted average exercise price$9.24 $9.33 
Aggregate intrinsic value$1,575,641 $1,396,037 
Schedule of Equity-Based Compensation Expense
The equity-based compensation expense was recorded in the unaudited condensed consolidated statements of operations and comprehensive income (loss):
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Cost of services$1,989,864 $2,101,966 $4,033,271 $2,754,116 
Personnel costs1,328,971 1,315,720 2,640,931 2,240,678 
Total equity-based compensation expense$3,318,835 $3,417,686 $6,674,202 $4,994,794