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v3.26.1

SHARE OPTIONS - Options Details and Assumptions Used to Estimate Fair Value of Options Granted (Details) - $ / shares | 12 Months Ended |  |
--- | --- | --- | ---
Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2019 | Jun. 09, 2014 | Dec. 31, 2008
Nonvested shares | Vest over a period of two years |  |  |  |  |  |
Share options |  |  |  |  |  |
Vesting period | 1 year | 10 months | 1 year |  |  |
Nonvested shares | Vest over a period of one year and five months |  |  |  |  |  |
Share options |  |  |  |  |  |
Vesting period |  | 1 year | 2 years |  |  |
2008 Plan |  |  |  |  |  |
Share options |  |  |  |  |  |
Capital shares reserved for future issuance |  |  |  |  | 11,344,444 | 4,444,444
2008 Plan | Employee Stock Option |  |  |  |  |  |
Share options |  |  |  |  |  |
Shares options granted | 165,552 |  |  |  |  |
Exercise price of shares options granted (in dollars per share) | $ 0 |  |  |  |  |
Assumptions used for estimating the fair value of options granted on the date of grant |  |  |  |  |  |
Risk-free interest rate per annum (as a percent) | 4.27% | 4.57% | 3.85% |  |  |
Exercise multiple | 2.8 | 2.8 | 2.8 |  |  |
Expected volatility (as a percent) | 107.38% | 109.30% | 78.00% |  |  |
Expected dividend yield (as a percent) | 0.00% | 0.00% | 0.00% |  |  |
Fair value of ordinary shares (in dollars per share) | $ 0.12 | $ 0.32 | $ 0.52 |  |  |
Expected terms (in years) | 10 years | 10 years | 10 years |  |  |
2019 Plan |  |  |  |  |  |
Share options |  |  |  |  |  |
Shares authorized to grant |  |  |  | 2,867,382 |  |
Additional shares authorized to issue |  |  |  | 10,667,382 |  |
The Plans | Consultants | Vest immediately |  |  |  |  |  |
Share options |  |  |  |  |  |
Shares options granted | 165,552 |  |  |  |  |
The Plans | Exercise price two | Consultants | Vest immediately |  |  |  |  |  |
Share options |  |  |  |  |  |
Shares options granted |  |  | 44,444 |  |  |
Exercise price of shares options granted (in dollars per share) |  |  | $ 0.01 |  |  |
The Plans | Exercise price three | Consultants | Vest immediately |  |  |  |  |  |
Share options |  |  |  |  |  |
Shares options granted |  |  | 77,036 |  |  |
Exercise price of shares options granted (in dollars per share) |  |  | $ 0.81 |  |  |
The Plans | Exercise price four | Consultants | Vest immediately |  |  |  |  |  |
Share options |  |  |  |  |  |
Shares options granted |  |  | 1,200,000 |  |  |
Exercise price of shares options granted (in dollars per share) |  |  | $ 0.3 |  |  |
The Plans | Exercise price five | Consultants | Vest immediately |  |  |  |  |  |
Share options |  |  |  |  |  |
Shares options granted |  | 37,038 |  |  |  |
Exercise price of shares options granted (in dollars per share) |  | $ 0.3 |  |  |  |
The Plans | Exercise price six | Consultants | Vest immediately |  |  |  |  |  |
Share options |  |  |  |  |  |
Shares options granted |  | 155,556 |  |  |  |
Exercise price of shares options granted (in dollars per share) |  | $ 0.01 |  |  |  |
The Plans | Exercise price seven | Consultants | Vest over a period of two years |  |  |  |  |  |
Share options |  |  |  |  |  |
Vesting period |  | 2 years |  |  |  |
Shares options granted |  | 980,000 |  |  |  |
Exercise price of shares options granted (in dollars per share) |  | $ 0.33 |  |  |  |
The Plans | Exercise price eight | Consultants | Vest over a period of one year and five months |  |  |  |  |  |
Share options |  |  |  |  |  |
Vesting period |  | 1 year 5 months |  |  |  |
Shares options granted |  | 1,600,000 |  |  |  |
Exercise price of shares options granted (in dollars per share) |  | $ 0.33 |  |  |  |

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