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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Stock-Based Compensation [Abstract]

Schedule of RSU Activities

A summary of RSU activities for the year ended December 31, 2024 are presented below:

		Number of Shares				Weighted Average Grant Date Fair Value per Share
Nonvested as of January 1, 2024			58,197			$	4.65
Granted			550,000			$	1.98
Vested			(129,097	)		$	0.99
Forfeited			(309,699	)		$	2.24
Nonvested as of December 31, 2024			169,401			$	1.73

Schedule of Assumptions for Stock Options Granted

In applying the Black Scholes option pricing model, the Company used the following assumptions for stock options granted during the years ended December 31, 2024 and 2023:

		Year ended December 31, 2024				Year ended December 31, 2023
Fair value of common stock		$	1.51			$	4.57
Expected term (years)			4.8				6.0
Volatility (annual)			66	%			72	%
Risk-free rate			4.2	%			3.6	%
Dividend yield (per share)			0	%			0	%

Schedule of Stock Options Activity

A summary of stock options activity for the year ended December 31, 2024 is presented below:

		Stock Options				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (in years)				Aggregate Intrinsic Value (in thousands)
Outstanding at January 1, 2024			3,598,944			$	2.20				6.5			$	8,087
Options granted			643,437			$	1.55
Options forfeited			156,156	)		$	3.88
Options cancelled			(209,880	)		$	3.56
Options exercised			(281,857	)		$	1.07
Outstanding as of December 31, 2024			3,594,488			$	2.01				6.0				3,825
Options vested and exercisable as of December 31, 2024			2,941,842			$	1.87				5.5				3,285

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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 for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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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.

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