v3.26.1
STOCK BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2026
STOCK BASED COMPENSATION  
Summary of stock-based activities under the Amended & 2025 Plans

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Weighted

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Weighted

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Average

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Average

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ADS Underlying

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Exercise

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Contractual

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Options

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Price

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Terms

Outstanding at December 31, 2025

 

215,957

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$

42.83

 

9.30

Granted

 

804,661

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7.38

 

—

Outstanding at March 31, 2026

 

1,020,618

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$

14.88

 

9.68

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Exercisable options at March 31, 2026

 

10,774

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$

485.14

 

8.04

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

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March 31, 

 

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2026

 

Expected volatility

 

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118.7

%

Risk-free interest rate

 

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4.0

%

Expected dividend yield

 

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0.0

%

Expected life of options in years

 

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6.4

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Exercise Price

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$

7.38

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Fair value of common stock

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$

7.38

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Estimate fair value of option

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$

6.51

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