v3.25.2
Stock-Based Compensation (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
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   
—
 

The following assumptions were used to estimate the fair value of stock options granted using the Black- Scholes-Merton option pricing model during the years ended December 31:

 

    2024    2023 
Assumptions:          
Risk-free interest rate   3.49% – 4.56%    3.75% – 4.52% 
Expected term (in years)   0.27 – 4.00    0.61 – 4.00 
Expected volatility   57.28% –58.71%    59.17% – 59.95% 
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   $
—
 

A summary of stock option activity under the 2021 and 2013 Plans is as follows:

 

           Weighted     
           Average     
          Remaining     
   Options   Weighted
Average		   Contractual
Term		   Aggregate 
   Outstanding   Exercise Price   in Years   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   $
—
 
                     
Options exercisable at December 31, 2024   6,356   $40.47    3.91   $
—
 
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 
 The following table sets forth the recorded stock options compensation expense of the Company during the years ended December 31:
  2024   2023 
Operating expenses:        
Technology  $2,639   $7,638 
Sales and marketing   1,168    2,640 
Supply development   1,904    973 
Fulfillment   1,976    2,781 
General and administrative   41,807    101,123 
Total stock options expense  $49,494   $115,155 

The Company recorded RSUs compensation expense during the year ended December 31, 2024 and 2023 as follows:

 

  2024   2023 
Operating expenses:        
Technology  $57,073   $134,126 
Sales and marketing   46,744    63,750 
Supply development   399    6,035 
Fulfillment   38,666    52,591 
General and administrative   57,299    88,009 
Total RSU expense  $200,181   $344,511 
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 

A summary of RSUs activity under the 2021 Plan and 2013 Plan is as follows:

 

       Weighted 
   RSUs   Average Grant 
   Outstanding   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