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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF STOCK BASED COMPENSATION

The following table summarizes stock-based compensation expense (in thousands):

 

                 
  

For the three months ended

September 30,

  

For the nine months ended

September 30,

 
   2025   2024   2025   2024 
                 
Research and development  $223   $485   $1,125   $1,055 
Selling, general and administrative   2,466    1,319    7,095    3,618 
Total stock-based compensation expense  $2,689   $1,804   $8,220   $4,673 
SCHEDULE OF STOCK OPTION ACTIVITY

The following table summarizes stock option activity during the nine months ended September 30, 2025:

 

  

Number of

Options

  

Weighted

Average

Exercise Price

  

Weighted

Average

Remaining

Contractual

Term (years)

  

Aggregate

Intrinsic

Value

(in thousands)

 
                 
Outstanding at December 31, 2024   176,587   $38.64    5.83   $6 
Granted      $       $ 
Cancelled/forfeited   (568)  $14.21       $ 
Exercised      $       $ 
Outstanding at September 30, 2025   176,019   $38.72    5.10   $5 
Exercisable   174,792   $38.93    5.09   $4 
Unvested   1,227   $8.81    6.47   $1 
SCHEDULE OF RESTRICTED STOCK AWARD ACTIVITY

The following table summarizes restricted stock award activity during the nine months ended September 30, 2025:

 

  

Number of

Awards

  

Weighted Average

Grant Date Fair

Value Per Unit

 
         
Outstanding at December 31, 2024   3,320,811   $4.60 
Granted   2,208,927   $5.33 
Cancelled/forfeited   (48,697)  $5.09 
Vested   (1,395,420)  $4.68 
Outstanding at September 30, 2025   4,085,621   $4.96