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Share-Based Compensation (Tables) | 3 Months Ended
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Mar. 31, 2026
Share-Based Payment Arrangement [Abstract] |
Schedule of Share-Based Compensation Expense | The Company recognized share-based compensation in its Condensed Statements of Operations and Comprehensive Loss during the three months ended March 31, 2026 and 2025 as follows:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2026 |  | 2025
Manufacture and supply |  |  |  |  | $ | 69 |  |  | $ | 100 |
Research and development |  |  |  |  | 236 |  |  | 330 |
Selling, general and administrative |  |  |  |  | 2,013 |  |  | 1,157 |
Total share-based compensation expenses |  |  |  |  | $ | 2,318 |  |  | $ | 1,587 |
Share-based compensation from: |  |  |  |  |  |  |
Restricted stock units |  |  |  |  | $ | 1,655 |  |  | $ | 1,102 |
Stock options |  |  |  |  | 663 |  |  | 485 |
Total share-based compensation expenses |  |  |  |  | $ | 2,318 |  |  | $ | 1,587 |
Schedule of Restricted Stock Units Awards | The following tables summarize the Company’s awards of service-based and market conditions vesting-based restricted stock units for the three month period ended March 31, 2026:
Restricted Stock Unit Awards (RSUs) - Service-based: | Number of Units |  | Weighted Average Grant Date Fair Value
| (in thousands) |  |
Unvested as of December 31, 2025 | 2,684 |  |  | $ | 3.24 |
Granted | 1,282 |  |  | $ | 4.29 |
Vested | (1,125) |  |  | $ | 2.32 |
Forfeited | (2) |  |  | $ | 4.14 |
Unvested as of March 31, 2026 | 2,839 |  |  | $ | 4.08 |
Expected to vest as of March 31, 2026 | 2,597 |  |  | $ | 4.08 |
Schedule of Stock Option Activity |
Restricted Stock Unit Awards (RSUs) - Market conditions vesting-based: | Number of Units |  | Weighted Average Grant Date Fair Value
| (in thousands) |  |
Unvested as of December 31, 2025 | 1,728 |  |  | $ | 2.55 |
Granted | — |  |  | — |
Vested | — |  |  | — |
Forfeited | — |  |  | — |
Unvested as of March 31, 2026 | 1,728 |  |  | $ | 2.55 |
Expected to vest as of March 31, 2026 | 1,661 |  |  | $ | 2.54 |
Stock Option Awards: | Number of Options |  | Weighted Average Exercise Price
| (in thousands) |  |
Outstanding as of December 31, 2025 | 6,558 |  |  | $ | 5.59 |
Granted | 946 |  |  | 4.29 |
Exercised | (1) |  |  | 0.88 |
Forfeited/Expired | (1) |  |  | 3.84 |
Outstanding as of March 31, 2026 | 7,502 |  |  | $ | 5.42 |
Expected to vest as of March 31, 2026 | 7,342 |  |  | $ | 5.45 |
Exercisable as of March 31, 2026 | 5,441 |  |  | $ | 5.96 |
Schedule of Stock Option Valuation Assumptions | The Company’s estimates of the fair value of the 2025 market conditions vesting-based awards at their grant or valuation dates were based on a Monte Carlo simulation and considered various variables and the following assumptions:
| Three Months Ended March 31, 2025
Expected dividend yield | 0%
Expected volatility | 91.5%
Risk-free interest rate | 3.9%
Stock price at grant date | $2.65
The fair values of stock options granted were estimated using the Black-Scholes pricing model based on the following assumptions:
| Three Months Ended March 31, 2026 |  |  |  |
Expected dividend yield | —% |  |  |  |
Expected volatility | 98% |  |  |  |
Expected term (years) | 6.1 |  |  |  |
Risk-free interest rate | 3.8% |  |  |  |

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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