XML 49 R35.htm IDEA: XBRL DOCUMENT
v3.24.3

STOCK-BASED COMPENSATION (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock-Based Compensation Expense | Total stock-based compensation expense recognized in the Company’s condensed consolidated statements of operations and comprehensive loss is classified as follows:
​ | ​ | Three Months Ended September 30, |  | ​ | Nine months ended September 30, |
​ |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Cost of revenue | ​ | $ | 118,774 |  | ​ | $ | 167,899 |  | ​ | $ | 364,286 |  |  | $ | 522,627 |
Research and development |  | $ | 112,528 |  | ​ | $ | 145,848 |  |  | $ | 378,442 |  |  | $ | 480,131 |
Selling and marketing |  | $ | 9,371 |  |  | $ | 81,901 |  |  | $ | (189,828 | ) |  | $ | 181,413 |
General and administrative | ​ | $ | 206,932 |  | ​ | $ | 239,380 |  | ​ | $ | 959,392 |  |  | $ | 711,618 |
Total stock-based compensation expense | ​ | $ | 447,605 |  | ​ | $ | 635,028 |  | ​ | $ | 1,512,292 |  |  | $ | 1,895,789 |
Schedule of Restricted Stock Units | The Company grants Restricted Stock Units ("RSUs") to its employees for their services with a liquidity event requirement. The RSUs granted to employees vest over a period of time from the grant date and are subject to the participants continuing service to the Company over the period.
​ | ​ | RSUs |
​ |  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |
Unvested at December 31, 2023 |  |  | 22,213 |  | ​ | $ | 208.80 |
RSUs granted |  |  | 45,725 |  |  | $ | 5.38 |
RSUs vested |  |  | (51,507 | ) |  | $ | 20.37 |
RSUs forfeited |  |  | (9,811 | ) |  | $ | 95.42 |
Unvested at September 30, 2024 |  |  | 6,620 |  |  | $ | 198.87 |
Summary of Stock Options Activity | A summary of stock option activity is as follows:
​ |  | Number of Stock Options Outstanding |  |  | Weighted-Average Exercise Price |  |  | Weighted-Average Remaining Contractual Life (Years) |  |  | Aggregate Intrinsic Value |
Options outstanding at December 31, 2023 | ​ |  | 188,865 |  | ​ | $ | 74.41 |  |  |  | 7.9 |  | ​ | $ | — |
Options granted |  |  | 29,841 |  |  | $ | 5.46 |  |  |  |  |  |  |
Options exercised |  |  | — |  |  | $ | — |  |  |  |  |  |  |
Options cancelled or forfeited |  |  | (33,064 | ) |  | $ | 151.39 |  |  |  |  |  |  |
Options outstanding at September 30, 2024 |  |  | 185,642 |  |  | $ | 49.61 |  |  |  | 8.3 |  |  | $ | — |
Options exercisable at September 30, 2024 |  |  | 96,311 |  |  | $ | 71.87 |  |  |  | 7.7 |  |  | $ | — |
Options vested and expected to vest at September 30, 2024 |  |  | 185,642 |  | ​ | $ | 49.61 |  |  |  | 8.3 |  | ​ | $ | — |
Summary of Assumptions Utilized for Option Grants | A summary of the weighted-average assumptions the Company utilized for option grants are as follows:
​ | ​ | Nine Months Ended September 30,
​ |  | 2024 |  | 2023
Expected term (in years) | ​ | 4 | ​ | 1.0 - 5.0
Expected volatility |  | 47.8% - 55.0% |  | 44.9% - 47.4%
Risk-free interest rate |  | 4.0% - 4.5% |  | 3.8% - 5.4%
Expected dividend yield |  | 0.0% | ​ | 0.0%
Common Stock Issued for Services During the three months ended September 30, 2024, the Company paid for certain services through the issuance of 12,500 fully vested common stock. The common stock awards are equity-classified, and compensation expense was recognized based on the fair value of the Company's common stock on the date of issuance. Stock-based compensation expense associated with the awards was immaterial for the nine months ended September 30, 2024.

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 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. + 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 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
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