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Stock-Based Compensation (Tables) | 6 Months Ended
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Jun. 30, 2025
Stock-Based Compensation [Abstract] |
Schedule of Fair Value of Stock Options | The following assumptions were used to estimate the fair value of stock options granted using the Black-Scholes-Merton option pricing model during the six months ended June 30:
|  |  | 2024 |
Assumptions: |  |  |  |
Risk-free interest rate |  |  | 3.93% – 4.56% |
Expected term (in years) |  |  | 0.78 – 4.00 |
Expected volatility |  |  | 57.49% – 58.71% |
Expected dividend yield |  |  | — |
Schedule of Stock Option Activity | A summary of stock option activity under the 2021 Plan and 2013 Plan is as follows:
|  |  |  |  |  |  |  | Weighted |  |  |  |
|  |  |  |  |  |  |  | Average |  |  |  |
|  | Options Outstanding |  |  | Weighted Average Exercise Price |  |  | Remaining Contractual Term in Years |  |  | Aggregate Intrinsic Value |
Balance at December 31, 2023 |  |  | 14,830 |  |  | $ | 43.47 |  |  |  | 8.53 |  |  | $ | — |
Granted |  |  | 5,521 |  |  |  | 7.30 |  |  |  | — |  |  |  | — |
Exercised |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Cancelled/forfeited |  |  | (11,891 | ) |  |  | 33.99 |  |  |  | — |  |  |  | — |
Balance at December 31, 2024 |  |  | 8,460 |  |  |  | 33.20 |  |  |  | 5.20 |  |  |  | — |
Granted |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Exercised |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Cancelled/forfeited |  |  | (4,555 | ) |  |  | 26.31 |  |  |  | — |  |  |  | — |
Balance at June 30, 2025 |  |  | 3,905 |  |  | $ | 41.24 |  |  |  | 6.47 |  |  | $ | — |
Options exercisable at June 30, 2025 |  |  | 3,413 |  |  | $ | 45.36 |  |  |  | 6.13 |  |  | $ | — |
Schedule of Stock Options and RSUs Compensation Expense | The following table sets forth the recorded stock options compensation expense of the Company during the three and six months ended June 30:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |
Technology |  | $ | — |  |  | $ | 1,658 |  |  | $ | — |  |  | $ | 3,203 |
Sales and marketing |  |  | 35 |  |  |  | 335 |  |  |  | 69 |  |  |  | 831 |
Supply development (recovery) |  |  | (393 | ) |  |  | 220 |  |  |  | 84 |  |  |  | 431 |
Fulfillment |  |  | 292 |  |  |  | — |  |  |  | 804 |  |  |  | 869 |
General and administrative |  |  | — |  |  |  | 15,882 |  |  |  | — |  |  |  | 32,201 |
Total stock options expense (recovery) |  | $ | (66 | ) |  | $ | 18,095 |  |  | $ | 957 |  |  | $ | 37,535 |
The Company recorded RSUs compensation expense during the three and six months ended June 30, 2025 and 2024 as follows:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |
Technology (recovery) |  | $ | (184 | ) |  | $ | 22,833 |  |  | $ | 2,691 |  |  | $ | 49,776 |
Sales and marketing (recovery) |  |  | (23 | ) |  |  | 9,508 |  |  |  | 8,785 |  |  |  | 25,417 |
Supply development |  |  | — |  |  |  | 52 |  |  |  | — |  |  |  | 277 |
Fulfillment |  |  | 2,076 |  |  |  | 8,217 |  |  |  | 8,891 |  |  |  | 17,728 |
General and administrative (recovery) |  |  | — |  |  |  | 20,932 |  |  |  | (3,620 | ) |  |  | 42,829 |
Total RSU expense |  | $ | 1,869 |  |  | $ | 61,542 |  |  | $ | 16,747 |  |  | $ | 136,027 |
Schedule of RSUs Activity | A summary of RSUs activity under the 2021 Plan and 2013 Plan is as follows:
|  |  |  |  | Weighted |
|  | RSUs Outstanding |  |  | Average Grant Date Fair Value |
Unvested Balance at December 31, 2023 |  |  | 5,630 |  |  | $ | 113.09 |
Granted |  |  | — |  |  |  | — |
Vested |  |  | (1,800 | ) |  |  | 120.36 |
Forfeited |  |  | (3,008 | ) |  |  | 102.66 |
Unvested Balance at December 31, 2024 |  |  | 822 |  |  | $ | 132.34 |
Granted |  |  | — |  |  |  | — |
Vested |  |  | (338 | ) |  |  | 116.38 |
Forfeited |  |  | (369 | ) |  |  | 109.99 |
Unvested Balance at June 30, 2025 |  |  | 115 |  |  | $ | 100.02 |

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