Stock-based Compensation (Tables)
|
6 Months Ended |
12 Months Ended |
Jun. 30, 2026 |
Dec. 31, 2025 |
| Share-Based Payment Arrangement [Abstract] |
|
|
| Schedule of Stock-based Compensation Expense |
The
stock-based compensation expense during the three and six month ended June 30, 2026 and June 30, 2025 are reported in the following unaudited
condensed consolidated interim financial statement line items (in thousands):
Schedule of Stock-based Compensation Expense
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three
months ended June 30, | | |
Six
months ended June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| General and administrative | |
$ | 37 | | |
$ | 40 | | |
| 74 | | |
| 78 | |
| Cost of revenue | |
| 5 | | |
| 4 | | |
| 10 | | |
| 10 | |
| Selling and marketing | |
| 4 | | |
| 8 | | |
| 7 | | |
| 19 | |
| Research
and development | |
| 6 | | |
| 1 | | |
| 16 | | |
| 11 | |
| Total
stock-based compensation expense | |
$ | 52 | | |
$ | 53 | | |
| 107 | | |
| 118 | |
|
The
stock-based compensation expense during the year ended December 31, 2025, and 2024 are reported in the following consolidated financial
statement line items (in thousands):
Schedule
of Stock-based Compensation Expense
| | |
2025 | | |
2024 | |
| | |
Year ended December 31, | |
| | |
2025 | | |
2024 | |
| General and administrative | |
$ | 154 | | |
$ | 723 | |
| Cost of revenue | |
| 21 | | |
| 44 | |
| Selling and marketing | |
| 38 | | |
| 170 | |
| Research and development | |
| 18 | | |
| 130 | |
| Total stock-based compensation expense | |
$ | 231 | | |
$ | 1,067 | |
|
| Schedule of Stock Option Activity for Options with Service-based Vesting |
The
following table summarizes the stock option activity for options with service-based vesting conditions during the six months ended June
30, 2026:
Schedule of Stock Option Activity for Options with Service-based Vesting
| | |
Number
of Options | | |
Weighted
Average
Exercise
Price | | |
Weighted
Average
Remaining
Contractual Term
(Years) | | |
Aggregate
Intrinsic Value
(In thousands) | |
| Outstanding balance
as of December 31, 2025 | |
| 686,880 | | |
| 3.25 | | |
| 6.88 | | |
$ | 234 | |
| Granted | |
| - | | |
| - | | |
| - | | |
| - | |
| Exercised | |
| (26,321 | ) | |
| 0.70 | | |
| - | | |
| - | |
| Forfeited | |
| (6,508 | ) | |
| 3.91 | | |
| - | | |
| - | |
| Cashless exercise (1) | |
| (21,456 | ) | |
| 1.85 | | |
| - | | |
| - | |
| Expired | |
| (43,403 | ) | |
| 6.60 | | |
| - | | |
| - | |
| Outstanding
balance as of June 30, 2026 | |
| 589,192 | | |
| 3.16 | | |
| 6.84 | | |
$ | 70 | |
| Options vested and exercisable
as of June 30, 2026 | |
| 472,991 | | |
| 2.86 | | |
| 6.68 | | |
| 69 | |
| (1) | | During the six-month
ended June 30, 2026, employees have performed cashless exercise of 21,456 options |
|
The
following table summarizes the stock option activity for options with service-based vesting conditions during the year ended December
31, 2025:
Schedule
of Stock Option Activity for Options with Service-based Vesting
| | |
Number of
Options | | |
Weighted Average
Exercise
Price | | |
Weighted Average Remaining
Contractual
Term (Years) | | |
Aggregate
Intrinsic Value
(In thousands) | |
| Outstanding balance as of December 31, 2024 | |
| 1,700,058 | | |
| 1.88 | | |
| 6.50 | | |
$ | 11,885 | |
| Granted | |
| - | | |
| - | | |
| - | | |
| - | |
| Exercised | |
| (6,772 | ) | |
| 0.70 | | |
| - | | |
| - | |
| Forfeited | |
| (14,892 | ) | |
| 5.34 | | |
| - | | |
| - | |
| Cashless exercise (1) | |
| (745,896 | ) | |
| 0.95 | | |
| - | | |
| - | |
| Expired | |
| (245,618 | ) | |
| 0.72 | | |
| - | | |
| - | |
| Outstanding balance as of December 31, 2025 | |
| 686,880 | | |
| 3.25 | | |
| 6.88 | | |
$ | 234 | |
| Options vested and exercisable as of December 31, 2025 | |
| 523,632 | | |
| 2.93 | | |
| 6.52 | | |
| 230 | |
| (1) | | During the year
ended 31st December 2025, employees have performed cashless exercise of 745,896 options |
|
| Schedule of Assumptions Used in the Black-Scholes Model |
|
Schedule
of Assumptions Used in the Black-Scholes Model
| | |
December 31, | |
| | |
2025 (1) | | |
2024 | |
| Weighted average expected term (years) | |
| 0 | | |
| 5.79 | |
| Weighted average expected volatility | |
| 0.00 | | |
| 66.90 | % |
| Risk-free interest rate | |
| 0.00 | | |
| 4.08%-4.10 | % |
| Dividend yield | |
| 0 | | |
| 0 | |
| (1) | | There were no stock
options granted during the year ended December 31, 2025. |
|
| Schedule of Restricted Stock Units Expense |
The
restricted stock units expense during the three and six month ended June 30, 2026 are reported in the following unaudited condensed consolidated
interim financial statement line items (in thousands) and further no RSU were granted during the three month ended June 30, 2026.
Schedule of Restricted Stock Units Expense
| | |
Three
months ended
June 30, | | |
Six
months ended
June 30, | |
| | |
2026 | | |
2026 | |
| General and administrative | |
| 399 | | |
| 741 | |
| Cost of revenue | |
| 6 | | |
| 8 | |
| Selling and marketing | |
| 7 | | |
| 10 | |
| Research
and development | |
| 8 | | |
| 12 | |
| Total
restricted stock units expense | |
| 420 | | |
| 771 | |
|
|
| Schedule of Restricted Stock Units Activity |
The
following is a summary of service based RSU activity for the six-month period ended June 30, 2026:
Schedule of Restricted Stock Units Activity
| | |
Number
of RSU shares | | |
Weighted
Average Grant Date Fair Value | |
| Opening | |
| - | | |
| - | |
| Granted | |
| 1,217,210 | | |
| 1.6 | |
| Vested | |
| - | | |
| - | |
| Forfeited | |
| - | | |
| - | |
| Nonvested
balance, June 30, 2026 | |
| 1,217,210 | | |
| 1.6 | |
|
|
| Schedule of Nonvested Restricted Stock Vests |
The
nonvested balance of restricted stock vests as follows:
Schedule of Nonvested Restricted Stock Vests
| Year
Ended | |
No.
of shares | |
| 2026 | |
| 453,865 | |
| 2027 | |
| 583,605 | |
| 2028 | |
| 142,240 | |
| 2029 | |
| 25,000 | |
| 2030 | |
| 12,500 | |
|
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