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STOCK BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2025
STOCK BASED COMPENSATION  
Summary of stock-based activities

    

    

Weighted

    

Weighted

Average

Average

ADS Underlying

Exercise

Contractual

Options

Price

Terms

Outstanding at December 31, 2024

 

55,541

$

150.47

 

9.76

Granted

 

124,514

9.07

 

Canceled

 

 

Outstanding at June 30, 2025

 

180,055

$

52.69

 

9.30

Exercisable options at June 30, 2025

 

2,043

$

2,576.66

 

7.88

Summary of weighted average assumptions of stock options granted valued using the Black-Scholes option-pricing model

    

June 30,

 

 2025

 

Expected volatility

 

108.4

%

Risk-free interest rate

 

4.4

%

Expected dividend yield

 

0.0

%

Expected life of options in years

 

6.4

Exercise Price

$

9.07

Fair value of common stock

$

9.07

Estimate fair value of option

$

7.73