v3.26.1

Share-Based Compensation Expense (Tables)

6 Months Ended

Jun. 30, 2026

Share-Based Compensation Expense [Abstract]

Schedule of Share-Based Compensation Expenses

Share-based compensation expenses are summarized as follows:

		Three months ended June 30,								Six months ended June 30,
		2026				2025				2026				2025
Restricted stock units		$	2,464,905			$	2,848,751			$	4,239,504			$	6,964,276
Stock options			3,602,747				2,511,511				6,073,080				7,057,360
Employee stock purchase plan			10,810				19,032				27,021				42,461
Pre-funded warrants			729,730				-				1,702,703				-
Stock options in NCI			322,025				-				322,025				-
		$	7,130,217			$	5,379,294			$	12,364,333			$	14,064,097

Schedule of Unvested Restricted Stock Units (“RSUs”) Transactions

The following table reflects the continuity of unvested restricted stock units (“RSUs”) transactions:

		Service Conditions
		Number				Weighted Average Grant Date Fair Value
Outstanding, December 31, 2025			1,851,200			$	7.36
Granted			3,076,862				5.31
Vested			(1,024,610	)			7.08
Forfeited			(216,193	)			6.68
Outstanding, June 30, 2026			3,687,259			$	5.76

		Market Conditions
		Number				Weighted Average Grant Date Fair Value
Outstanding, December 31, 2025			400,000			$	2.74
Granted			-				-
Vested			-				-
Forfeited			(400,000	)			2.74
Outstanding, June 30, 2026			-			$	-

		Performance Conditions
		Number				Weighted Average Grant Date Fair Value
Outstanding, December 31, 2025			161,551			$	8.51
Granted			52,530				5.71
Vested			-				-
Forfeited			(161,551	)			8.51
Outstanding, June 30, 2026			52,530			$	5.71

Schedule of Additional Information Related to RSUs

The following table reflects additional information related to RSUs activity:

		As of June 30, 2026
		Service Conditions				Market Conditions				Performance Conditions
Unrecognized compensation cost		$	18,336,772			$	-			$	299,946
Weighted-average service period for unrecognized compensation cost			2.71				-				-
Grant date fair value of RSUs		$	16,331,320			$	-			$	299,946

The following table reflects additional information related to options activity:

		As of June 30, 2026
		Service Conditions
Unrecognized compensation cost		$	34,559,671
Weighted-average service period for unrecognized compensation cost			0.79
Weighted-average grant date fair value of options outstanding		$	3.41

The following table reflects additional information related to options:

		As of June 30, 2026 Service Conditions
Unrecognized compensation cost		$	-
Weighted-average service period for unrecognized compensation cost			0.00 years
Grant date fair value of ESPPs		$	$30,294

The following table reflects additional information related to the pre-funded warrants:

		As of June 30, 2026
		Service Conditions
Unrecognized compensation cost		$	7,297,297
Weighted-average service period for unrecognized compensation cost			2.50
Grant date fair value of pre-funded warrants		$	9,000,000

Schedule of Fair Value of the Assumptions Made

The fair value of the stock options was determined using either a Black-Scholes option pricing model or a Monte Carlo simulation methodology that included simulating the stock price using a risk-neutral Geometric Brownian Motion-based pricing model. The following table reflects the assumptions made:

		Six Months Ended June 30, 2026
Share price		$	5.01-$6.37
Exercise price		$	5.01-$6.37
Risk-free interest rate			3.83%-4.15	%
Volatility			63%-69	%
Expected life			6.00-6.75 years
Dividend rate			0.00	%

The fair value of the Employee Stock Purchase Plan was determined using Black-Scholes option pricing model. The following table reflects the assumptions made:

		Six Months Ended June 30, 2026
Share price		$	6.37
Risk-free interest rate			3.58	%
Volatility			49.5	%
Expected life			0.49 years
Dividend rate			0.00	%

Schedule of Stock Option Transactions

The following table reflects the continuity of stock option transactions:

		Service Conditions
		Number				Weighted Average Exercise Price
Outstanding, December 31, 2025			43,227,838			$	1.48
Granted			6,766,020				5.18
Exercised			(464,247	)			5.96
Forfeited			(216,538	)			7.51
Cancelled			(22,944	)			8.20
Outstanding, June 30, 2026			49,290,129			$	1.92
Vested and exercisable, June 30, 2026			38,961,151			$	0.88

			Service Conditions
			Number				Weighted Average Exercise Price
Outstanding, December 31, 2025			-			$	-
Granted			1,412,873				6.37
Vested			(235,479	)			6.37
Forfeited			-				-
Outstanding, June 30, 2026			1,177,394			$	6.37

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- Definition

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure of the change in restricted stock units (RSUs).

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