v3.26.1
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Stock-Based Compensation  
Summary of stock options outstanding, exercisable and vested or expected to vest

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Weighted-

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Average

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Weighted-

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Remaining

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Aggregate

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Average

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Contractual

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Intrinsic

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Exercise

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Term

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Value

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Number of Shares

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Price

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(years)

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(in thousands)

Outstanding, December 31, 2025

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3,297,941

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$

4.75

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7.1

 

$

-

Granted

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3,565,769

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$

0.78

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Exercised

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(5,188)

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$

0.69

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Forfeited

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(119,497)

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$

4.42

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Outstanding, June 30, 2026

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6,739,025

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$

2.66

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8.3

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$

763

Vested and exercisable, June 30, 2026

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2,749,885

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$

4.62

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6.0

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$

-

Summary of weighted-average assumptions were used to determine the fair value of options

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Six Months Ended

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June 30, 

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2026

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2025

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Expected term (years)

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6.0

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5.5

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Risk-free interest rate

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3.9

%

4.0

%

Volatility factor

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105.5

%

107.2

%

Dividend yield

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—

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—

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Schedule of RSU activity

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Weighted-

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Average

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Number of Shares

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Grant Date

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Underlying RSUs

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Fair Value

Unvested, December 31, 2025

 

726,805

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$

3.38

Granted

 

30,000

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$

1.22

Vested

 

(231,452)

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$

3.75

Forfeited

 

(6,373)

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$

3.61

Unvested, June 30, 2026

 

518,980

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$

3.09

Schedule of stock-based compensation expense recognized

Stock-based compensation expense recognized during the three and six months ended June 30, 2026 and 2025 was comprised of the following (in thousands):

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Three Months Ended

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Six Months Ended

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June 30, 

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June 30, 

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2026

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2025

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2026

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2025

Sales and marketing

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$

46

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$

56

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$

89

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$

122

General and administrative

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685

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811

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1,400

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1,668

Research and development

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174

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142

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347

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286

Cost of goods sold

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-

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20

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-

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40

Total stock-based compensation expense

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$

905

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$

1,029

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$

1,836

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$

2,116