v3.26.1
STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2026
STOCK-BASED COMPENSATION  
Schedule of the company's stock option activity

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Weighted Average

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Remaining

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Weighted Average 

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Contractual

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Number of Shares

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Exercise Price

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Total Intrinsic Value

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Life (in years)

Outstanding as of December 31, 2025

 

1,762,878

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$

7.77

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$

563,368

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8.5

Granted

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30,000

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1.41

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9.9

Exercised

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Canceled/Expired

 

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Outstanding as of June 30, 2026

 

1,792,878

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$

7.66

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$

541,911

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8.1

Options vested and exercisable

 

598,005

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$

20.85

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$

20,469

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5.8

Schedule of weighted average assumptions used in calculating the fair values of stock options that were granted

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For the Six Months

 

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Ended June 30, 2026

 

Exercise price

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$

1.41

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Expected term (years)

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5.5

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Expected stock price volatility

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106.89

%

Risk-free rate of interest

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4.29

%

Expected dividend rate

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—

%

Schedule of stock-based compensation expenses

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For the Three Months Ended

 

For the Six Months Ended

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June 30, 

 

June 30, 

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2026

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2025

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2026

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2025

Stock Compensation expenses:

 

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Research and development

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$

343

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$

1,628

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$

798

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$

307,137

General and administrative

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195,392

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12,358

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373,359

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85,993

Total stock compensation expenses

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$

195,735

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$

13,986

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$

374,157

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$

393,130