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Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Total Stock-Based Compensation Expense
The Company recognized total stock-based compensation expense during the years ended December 31, 2025 and 2024 as follows (table in thousands):
Year Ended December 31,
20252024
Service Based Awards:
Restricted Stock Units$968 $673 
Stock Option Awards848 619 
Total$1,816 $1,292 
Schedule of Restricted Stock Awards
A summary of the Company’s performance based restricted stock awards during the year ended December 31, 2025 is as follows:
Performance Based Restricted Stock AwardsNumber of SharesWeighted Average
Grant-Date
Fair Value
Unvested at January 1, 2025
891 $62.70 
Unvested at December 31, 2025
891 $62.70 
Schedule of Restricted Stock Units
A summary of the Company’s service based restricted stock units during the year ended December 31, 2025 is as follows:
Service Based Restricted Stock UnitsNumber of SharesWeighted Average
Grant-Date Fair Value
Unvested at January 1, 2025
584,309 $1.72 
Granted1,025,000 $1.07 
Forfeited(417,649)$1.85 
Vested(35,000)$1.07 
Unvested at December 31, 2025
1,156,660 $1.11 
Schedule of Fair Value of RSU-MCs Measured On Grant Date Valuation Assumptions
The fair value of RSU-MCs was measured on the date of grant using the Monte Carlo Simulation valuation model based on the following assumptions:

Exercise price
$0.86
Expected stock price volatility
93.00%
Risk-free interest rate
3.95%
Term (years)
2.64
Schedule of Stock Option Assumptions
The fair value of the service based stock option awards granted for the years ended December 31, 2025 and 2024 were based on the following assumptions:
December 31,
20252024
Exercise Price
$0.87 - $1.26
$1.39 - $3.49
Expected Stock Price Volatility
90.4%
81.8% - 81.8%
Risk-free Interest Rate
3.74% - 4.14%
4.08% - 4.45%
Term (Years)
5.50 - 5.86
5.61 - 5.62
Schedule of Stock Options Activity
A summary of the Company’s service based stock option activity for the year ended December 31, 2025 is as follows:
Service Based Stock Option AwardsShares
Underlying
Options		Weighted
Average
Exercise
Price		Weighted
Average
Remaining
Contractual
Term (Years)
Aggregate
Intrinsic
Value
(in $1,000's)
Outstanding at January 1, 2025
1,886,247 $3.98 $— 
Granted1,595,000 $1.06 
Exercised(10,313)$1.48 
Forfeited(139,146)$1.30 
Expired(55,224)$6.38 
Outstanding at December 31, 2025
3,276,564 $2.64 8.0$— 
Exercisable at December 31, 2025
1,170,397 $5.10 6.5$—