Annual report [Section 13 and 15(d), not S-K Item 405]

STOCK-BASED COMPENSATION (Tables)

v3.26.1
STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
SCHEDULE OF STOCK BASED COMPENSATION

The following table summarizes stock-based compensation (in thousands):

 

    2025     2024  
    For the year ended December 31,  
    2025     2024  
             
Research and development   $ 1,355     $ 1,561  
Selling, general and administrative     9,424       5,067  
Total stock-based compensation expense   $ 10,779     $ 6,628  
SCHEDULE OF STOCK OPTION ACTIVITY

The following table summarizes stock option activity during the year ended December 31, 2025 and 2024.

 

    Number of
Options		     Weighted
Average
Exercise Price		     Weighted
Average
Remaining
Contractual
Term (years)		     Aggregate
Intrinsic Value
(in thousands)		  
                         
Outstanding at December 31, 2023     179,001     $ 38.58       6.83     $ 3  
Granted     —     $ —       —     $ —  
Cancelled/forfeited     (2,414 )   $ 33.84       —     $ —  
Exercised     —     $ —       —     $ —  
Outstanding at December 31, 2024     176,857     $ 38.64       5.83     $ 6  
Granted     —     $ —       —     $ —  
Cancelled/forfeited     (568 )   $ 14.21       —     $ —  
Exercised     —     $ —       —     $ —  
Outstanding at December 31, 2025     176,019     $ 38.72       4.85     $ 5  
Exercisable     175,489     $ 38.82       4.84     $ 4  
Unvested     530     $ 4.48       6.38     $ 1  
SCHEDULE OF RESTRICTED STOCK AWARD ACTIVITY

The following table summarizes restricted stock award activity:

 

    Number of
Awards		     Weighted Average
Grant Date Fair
Value Per Unit		  
             
Outstanding at December 31, 2023     2,448,169     $ 4.25  
Granted     2,065,054     $ 4.95  
Cancelled/forfeited     (183,114 )   $ 3.78  
Vested     (1,009,298 )   $ 4.64  
Outstanding at December 31, 2024     3,320,811     $ 4.60  
Granted     2,405,231     $ 5.30  
Cancelled/forfeited     (82,784 )   $ 5.00  
Vested     (1,462,277 )   $ 4.71  
Outstanding at December 31, 2025     4,180,981     $ 4.96  
2015 Equity Incentive Plan [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE

Further information regarding options outstanding under the 2015 Incentive Plan as of December 31, 2025 is summarized below:

 

                  Weighted-Average           Weighted-Average  
  Range of
Exercise Prices		   Number of
Options
Outstanding		     Remaining
Life In
Years		     Exercise
Price		     Number of
Options
Exercisable		     Remaining
Life in
Years		     Exercise
Price		  
                                             
$ 4.00   $ 22.75       19,520       6.0     $ 16.58       18,990       6.0     $ 16.92  
  25.50     47.00       104,279       4.5       33.52       104,279       4.5       33.52  
  54.50     58.50       52,020       5.2       56.96       52,020       5.2       56.96  
  164.75     183.50       200       3.1       164.75       200       3.1       164.75  
                176,019                       175,489