XML 38 R26.htm IDEA: XBRL DOCUMENT v3.25.2
STOCK-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF RESTRICTED STOCK AND RSU ACTIVITY

Restricted Stock and RSU activity was as follows:

 

   Service-Based Restricted Stock and RSUs 
   Shares   Weighted average grant-date fair value 
Nonvested as of January 1, 2025   26,690,254   $3.54 
Granted   10,099,847    1.25 
Vested   (5,706,397)   0.98 
Forfeited   —    — 
Nonvested as of June 30, 2025   31,083,704   $3.26 

 

   Service-Based Restricted Stock and RSUs 
   Shares   Weighted average grant-date fair value 
Nonvested as of January 1, 2024   —   $— 
Granted   19,348,954    4.51 
Vested   —    — 
Forfeited   —    — 
Nonvested as of June 30, 2024   19,348,954   $4.51 

 

   Performance-Based RSUs 
   Shares   Weighted average grant-date fair value 
Nonvested as of January 1, 2025   1,289,578   $3.70 
Granted   —    — 
Vested   (209,275)   3.42 
Forfeited   —    — 
Nonvested as of June 30, 2025   1,080,303   $3.76 

 

   Performance-Based RSUs 
   Shares   Weighted average grant-date fair value 
Nonvested as of January 1, 2024   10,900,128   $2.97 
Granted   —    — 
Vested   (7,174,362)   2.85 
Forfeited   —    — 
Nonvested as of June 30, 2024   3,725,766   $3.19 
SCHEDULE OF STOCK-BASED COMPENSATION EXPENSE

The Company recorded stock-based compensation expense in the following expense categories in the accompanying unaudited consolidated statements of operations:

 

         
   Three months ended 
   June 30, 
   2025   2024 
Research and development  $1,720,666   $3,010,944 
General and administrative   1,518,667    1,131,276 
Total  $3,239,333   $4,142,220 

 

         
   Six months ended 
   June 30, 
   2025   2024 
Research and development  $3,547,013   $22,746,840 
General and administrative   6,985,020    7,728,629 
Total  $10,532,033   $30,475,469