| SUMMARY OF OPTIONS ACTIVITY |
The
following table reflects the Option activity for the six months ended June 30, 2026 and 2025 (in thousands, except shares and price
per share):
SUMMARY OF OPTIONS ACTIVITY
| | |
Shares | | |
Weighted
Average
Exercise Price | | |
Weighted
Average
Remaining
Contractual
Terms Years | | |
Aggregate Intrinsic Value | |
| Options outstanding as of December 31, 2025 | |
| 6,322,480 | | |
$ | 3.40 | | |
| 4.09 | | |
$ | 15,004 | |
| Granted | |
| - | | |
| - | | |
| - | | |
| - | |
| Exercised | |
| (85,000 | ) | |
$ | 0.77 | | |
| - | | |
| - | |
| Forfeited | |
| (526,094 | ) | |
| - | | |
| - | | |
| - | |
| Options outstanding as of June 30, 2026 | |
| 5,711,386 | | |
$ | 3.63 | | |
| 3.90 | | |
$ | 12,218 | |
| Options exercisable as of June 30, 2026 | |
| 4,981,131 | | |
$ | 3.32 | | |
| 3.22 | | |
$ | 12,209 | |
| Options unvested as of June 30, 2026 | |
| 730,255 | | |
$ | 5.76 | | |
| 8.58 | | |
$ | 9 | |
| | |
Shares | | |
Weighted
Average
Exercise Price | | |
Weighted
Average
Remaining
Contractual Terms Years | | |
Aggregate Intrinsic Value | |
| Options outstanding as of December 31, 2024 | |
| 5,976,076 | | |
$ | 3.26 | | |
| 4.94 | | |
$ | 15,003 | |
| Granted | |
| - | | |
| - | | |
| - | | |
| - | |
| Exercised | |
| - | | |
| - | | |
| - | | |
| - | |
| Forfeited | |
| (22,883 | ) | |
| - | | |
| - | | |
| - | |
| Options outstanding as of June 30, 2025 | |
| 5,953,193 | | |
$ | 3.26 | | |
| 5.24 | | |
$ | 14,935 | |
| Options exercisable as of June 30, 2025 | |
| 4,669,998 | | |
$ | 2.82 | | |
| 4.39 | | |
$ | 13,782 | |
| Options unvested as of June 30, 2025 | |
| 1,283,195 | | |
$ | 4.87 | | |
| 8.34 | | |
$ | 1,153 | |
|
The
following table reflects the Option activity for the years ended December 31, 2025 and 2024 (in thousands, except shares and price
per share):
SUMMARY OF OPTIONS ACTIVITY
| | |
Shares | | |
Weighted
Average
Exercise
Price | | |
Weighted
Average
Remaining
Contractual
Terms
Years | | |
Aggregate
Intrinsic
Value | |
| Options outstanding as of December 31, 2024 | |
| 5,976,076 | | |
$ | 3.26 | | |
| 4.94 | | |
$ | 15,003 | |
| Granted | |
| 375,087 | | |
$ | 5.77 | | |
| - | | |
| - | |
| Exercised | |
| (5,000 | ) | |
$ | 2.94 | | |
| - | | |
| - | |
| Forfeited | |
| (23,683 | ) | |
$ | 3.19 | | |
| - | | |
| - | |
| Options outstanding as of December 31,
2025 | |
| 6,322,480 | | |
$ | 3.40 | | |
| 4.09 | | |
$ | 15,004 | |
| Options exercisable as of December 31, 2025 | |
| 5,323,300 | | |
$ | 2.96 | | |
| 3.22 | | |
$ | 14,980 | |
| Options unvested as of December 31, 2025 | |
| 999,180 | | |
$ | 5.75 | | |
| 8.74 | | |
$ | 24 | |
| | |
Shares | | |
Weighted
Average
Exercise
Price | | |
Weighted
Average
Remaining
Contractual
Terms
Years | | |
Aggregate
Intrinsic
Value | |
| Options outstanding as of December 31, 2023 | |
| 5,276,824 | | |
$ | 2.93 | | |
| 5.33 | | |
$ | 14,619 | |
| Granted | |
| 703,102 | | |
| 5.74 | | |
| - | | |
| - | |
| Exercised | |
| - | | |
$ | - | | |
| - | | |
| - | |
| Forfeited | |
| (3,850 | ) | |
$ | 5.71 | | |
| - | | |
| - | |
| Options outstanding as of December 31,
2024 | |
| 5,976,076 | | |
$ | 3.26 | | |
| 4.94 | | |
$ | 15,003 | |
| Options exercisable as of December 31, 2024 | |
| 4,441,586 | | |
$ | 2.41 | | |
| 3.59 | | |
$ | 14,932 | |
| Options unvested as of December 31, 2024 | |
| 1,534,490 | | |
$ | 5.72 | | |
| 8.83 | | |
$ | 71 | |
|