XML 37 R27.htm IDEA: XBRL DOCUMENT
v3.25.3

Stock-Based Compensation (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Stock-Based Compensation [Abstract] |
Schedulel of Fair Value of the Company’s Share-Based Payment Awards | The fair value of the Company’s share-based payment awards for the nine months ended September 30, 2025 was estimated on the grant dates using the Black-Scholes model with the following assumptions:
|  | Option Grants |
Grant Date |  |  | 02/11/25 |  |  |  | 08/07/25 |
Interest rate (risk-free rate) |  |  | 4.34 | % |  |  | 3.79 | %
Expected volatility |  |  | 119 | % |  |  | 118 | %
Expected term |  |  | 4.38 years |  |  |  | 4.75 years |
Expected dividend |  |  | 0 | % |  |  | 0 | %
Fair value (in thousands) |  | $ | 832 |  |  | $ | 69 |
Schedule of Shares Available for Grant Under the Plans and Options Outstanding | The following table summarizes the activity in the shares available for grant under the Plans during the three and nine months ended September 30, 2025 and options outstanding as of September 30, 2025 (in thousands, except exercise price):
|  |  |  |  | Options Outstanding |
|  |  |  |  |  |  |  | Weighted |
|  | Shares |  |  |  |  |  | Average |
|  | Available |  |  | Number of |  |  | Exercise |
|  | for Grant |  |  | Shares |  |  | Prices |
Balance as of December 31, 2024 |  |  | 1,544 |  |  |  | 30 |  |  | $ | 130.14 |
Options granted |  |  | (1,325 | ) |  |  | 1,325 |  |  | $ | 0.78 |
RSUs granted |  |  | (2 | ) |  |  | — |  |  |  | — |
Balance as of March 31, 2025 |  |  | 217 |  |  |  | 1,355 |  |  | $ | 130.14 |
RSUs cancelled and returned to the 2019 Plan |  |  | 1 |  |  |  | — |  |  |  | — |
Options exercised |  |  | — |  |  |  | (5 | ) |  | $ | 0.78 |
Options cancelled and returned to the 2019 Plan |  |  | 95 |  |  |  | (95 | ) |  | $ | 0.78 |
Balance as of June 30, 2025 |  |  | 313 |  |  |  | 1,255 |  |  | $ | 3.54 |
Options granted |  |  | (100 | ) |  |  | 100 |  |  | $ | 0.84 |
Options exercised |  |  | — |  |  |  | (21 | ) |  | $ | 0.78 |
Options cancelled and returned to the 2019 Plan |  |  | 1 |  |  |  | (1 | ) |  | $ | 0.78 |
Balance as of September 30, 2025 |  |  | 214 |  |  |  | 1,333 |  |  | $ | 3.36 |
Schedule of Significant Ranges of Outstanding and Exercisable Options | The following table summarizes significant ranges of outstanding and exercisable options as of September 30, 2025 (in thousands, except contractual life and exercise price):
|  | Options Outstanding |  |  | Options Exercisable |
|  |  |  |  | Weighted |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Average |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Remaining |  |  | Weighted |  |  |  |  |  | Weighted |  |  |  |
|  |  |  |  | Contractual |  |  | Average |  |  |  |  |  | Average |  |  | Aggregate |
|  | Number |  |  | Life |  |  | Exercise |  |  | Number |  |  | Exercise |  |  | Intrinsic |
Range of Exercise Price |  | Outstanding |  |  | (in Years) |  |  | Price |  |  | Exercisable |  |  | Price |  |  | value |
$0.00 - $1.00 |  |  | 1,303 |  |  |  | 9.40 |  |  | $ | 0.78 |  |  |  | 224 |  |  | $ | 0.78 |  |  | $ | 106 |
$1.01 - $62.80 |  |  | 2 |  |  |  | 4.14 |  |  | $ | 62.80 |  |  |  | 2 |  |  | $ | 62.80 |  |  |  | — |
$62.81 - $599.60 |  |  | 28 |  |  |  | 5.28 |  |  | $ | 110.11 |  |  |  | 28 |  |  | $ | 110.21 |  |  |  | — |
$0.00 - $599.60 |  |  | 1,333 |  |  |  | 9.31 |  |  | $ | 3.36 |  |  |  | 254 |  |  | $ | 14.17 |  |  | $ | 106 |
Schedule of RSU Activity Under Plans | A summary of RSU activity under the Plans is presented below (in thousands, except for fair value):
|  |  |  |  | Weighted |
|  |  |  |  | Average |
|  | Number of |  |  | Grant-Date |
|  | Shares |  |  | Fair Value |
Non-vested shares as of December 31, 2024 |  |  | 2 |  |  | $ | 37.69 |
Granted |  |  | 2 |  |  | $ | 1.00 |
Non-vested shares as of March 31, 2025 |  |  | 4 |  |  | $ | 18.88 |
Vested |  |  | (1 | ) |  | $ | 42.65 |
Non-vested shares as of June 30, 2025 |  |  | 3 |  |  | $ | 4.88 |
Vested |  |  | — |  |  |  | — |
Non-vested shares as of September 30, 2025 |  |  | 3 |  |  | $ | 3.59 |

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 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 of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
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