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COMMON STOCK (Tables)
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Black-Scholes Option Pricing Model Weighted-Average Assumptions The Black-Scholes option-pricing model was used to estimate the fair value of the warrants with the following assumptions:
Initial Placement Underwriters' WarrantsOver-allotment exercise Underwriters' Warrants
Risk-free interest rate3.94 %3.96 %
Expected term5 years4.96 years
Volatility of common stock78.83 %78.94 %
Expected dividend rate— %— %
The following table summarizes Black-Scholes option pricing model weighted-average assumptions.
Year Ended December 31
2025
2024
Risk-free interest rate3.81 %4.30 %
Expected term6.05 years6.05 years
Volatility of common stock79.6 %73.4 %
Expected dividend rate— %— %
Common Stock Reserved for Future Issuance
December 31, 2025
December 31, 2024
Conversion of preferred stock— 38,665,583 
Exercises of stock options under 2005 Plan1,627,097 2,298,947 
Exercises of stock options under 2025 Plan348,551 — 
Exercises of warrants168,898 15,015 
Reserved for future grants under 2005 Plan— 880,007 
Reserved for future grants under 2025 Plan3,838,331 — 
Total reserved shares of common stock5,982,877 41,859,552