XML 55 R34.htm IDEA: XBRL DOCUMENT v3.26.1

STOCK BASED COMPENSATION EXPENSE (Tables)

12 Months Ended

Dec. 31, 2025

STOCK BASED COMPENSATION EXPENSE

Summary of RSUs subject to time-based vesting

The following table summarizes the activity related to RSUs subject to time-based vesting requirements for the year ended December 31, 2025:

​	​	​	​	​	​
​	​	RSUs
​	​	Number of Shares	​	​	Weighted Average Grant Date Fair Value
Non-vested as of January 1, 2025	​	-	​	$	-
Granted	​	1,534,799	​	​	12.08
Vested	​	(330,926)	​	​	14.33
Forfeited	​	(308,439)	​	​	6.57
Non-vested as of December 31, 2025	​	895,434	​	$	13.13

​

Summary of assumptions used to compute fair value of stock options granted

There were no options granted during the year ended December 31, 2025. The fair value of the stock options granted during the year ended December 31, 2024 was estimated on the grant date using the Black-Scholes valuation model with the following assumptions:

​	​	​	​	​
​	​	​	December 31,	​
​	​	​	2024	​ ​ ​
Dividend yield	​	​ ​ ​	—	​
Expected term	​		5.0 - 6.1 years	​
Risk-free interest rates	​	​	1.0% - 4.5%	​
Expected volatility	​	​	54.9% - 66.4%	​

​

Summary of the stock option plan and the changes during the period

A summary of the Company’s stock option plan and the changes during the year ended December 31, 2025 and 2024, are presented below:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​ ​ ​

​

​ ​ ​

​

​

​ ​ ​

​

​

​ ​ ​

Weighted

​ ​ ​

​

​

​

​

​

​

Weighted

​

Weighted

​

Average

​

​

​

​

​

Number of

​

Average

​

Average

​

Remaining

​

Aggregate

​

​

Outstanding

​

Exercise

​

Grant Date

​

Contractual

​

Intrinsic

​

​

Options

​

Price

​

Fair Value

​

Years

​

Value

Balance, January 1, 2024

948,464

​

$

6.20

​

​

7.25

​

​

​

Granted

5,059,228

​

​

2.57

​

$

1.50

​

​

​

​

Forfeited

​

(6,769)

​

​

2.57

​

​

​

​

​

​

​

​

​

Expired

(1,878)

​

​

348.07

​

​

​

​

​

​

Exercised

(14,841)

​

​

2.29

​

​

​

​

​

​

Balance, December 31, 2024

5,984,204

​

$

3.04

​

​

8.00

​

​

​

Vested and Exercisable, December 31, 2024

5,554,326

​

$

3.07

​

​

7.91

​

​

​

Vested and Expected to Vest, December 31, 2024

5,984,204

​

$

3.04

​

​

8.00

​

​

​

Expired

(1,839)

​

​

340.36

​

​

​

​

​

​

Forfeited

​

(28,435)

​

​

2.46

​

​

​

​

​

​

​

​

​

Exercised

(100,274)

​

​

1.56

​

​

​

​

​

​

Balance, December 31, 2025

5,853,656

​

$

3.00

​

​

7.00

​

$

—

(1)

Vested and Exercisable, December 31, 2025

5,834,573

​

$

3.01

​

​

6.91

​

$

—

(1)

Vested and Expected to Vest, December 31, 2025

5,853,656

​

$

3.00

​

​

7.00

​

$

—

(1)

⁽¹⁾ The Company’s closing stock price as of December 31, 2025 is $0.47 per share. As all outstanding options have an exercise price greater than the closing price, there does not exist any intrinsic value as of December 31, 2025.

​

Summary of stock-based compensation expense

Stock-based compensation included in the consolidated statements of operations for the year ended December 31, 2025 and 2024, are presented below:

​	​	​	​	​	​	​
​	​	Year Ended December 31,
​	​	2025		​ ​ ​	2024
Cost of goods sold	​	$	77	​	$	130
Research and development	​	​	388	​	​	802
Sales and marketing	​		2,122	​		2,808
General and administrative	​		4,533	​	​	3,995
Total stock-based compensation expense	​	$	7,120	​	$	7,735

​

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested restricted stock units.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration