v3.26.3
Stock-based Compensation (Tables)
9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense

The stock-based compensation expense during the three and nine month ended September 30, 2026 and September 30, 2025 are reported in the following unaudited condensed consolidated interim financial statement line items (in thousands):

 

   2026   2025   2026   2025 
   Three months ended September 30,   Nine months ended September 30, 
   2026   2025   2026   2025 
General and administrative  $30   $39    105    117 
Cost of revenue   4    6    14    16 
Selling and marketing   6    9    21    28 
Research and development   4    4    11    15 
Total stock-based compensation expense  $44   $58   $151   $176 
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 nine months ended September 30, 2026 :

 

  

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   (27,972)   3.93    -    - 
Cashless exercise (1)   (21,456)   1.85    -    - 
Expired   (64,789)   4.83    -    - 
Outstanding balance as of September 30, 2026   546,342    3.21    6.83   $- 
Options vested and exercisable as of September 30, 2026   473,219    2.99    6.75    - 

 

(1)During the nine month ended September 30, 2026, employees have performed cashless exercise of 21,456 options
Schedule of Restricted Stock Units Expense

The restricted stock units expense during the three and nine month ended September 30, 2026 are reported in the following unaudited condensed consolidated interim financial statement line items (in thousands) as follows:

 

   Three months ended September 30,   Nine months ended September 30, 
   2026   2026 
General and administrative   362    1,103 
Cost of revenue   8    16 
Selling and marketing   9    18 
Research and development   8    21 
Total restricted stock units expense   387    1,158 
Schedule of Restricted Stock Units Activity

The following is a summary of service based RSU activity for the nine month period ended September 30, 2026 :

 

   Number of RSU shares   Weighted Average Grant Date Fair Value 
Opening   -    -  
Granted (Refer note below)   2,330,801    1.21 
Vested   (1,373,566)   1.05 
Forfeited   (310,996)   1.34 
Nonvested balance, September 30, 2026   646,239    1.48 
Schedule of Nonvested Restricted Stock Vests

The nonvested balance of restricted stock vests as follows:

 

Year Ended  No. of shares 
2026   25,000 
2027   509,313 
2028   111,926 
Total   646,239