STOCK BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2024

Board of Directors and Employees

STOCK-BASED COMPENSATION

Schedule of Nonvested Restricted Stock Units Activity

The following table summarizes the activities for unvested Company restricted stock and RSUs granted to employees and members of the board of directors during the year ended December 31, 2024:

	Number of Shares	Weighted- Average Grant-Date Fair Value
Unvested as of January 1, 2022	—	$	—
Granted	1,931,187	2.87
Vested	—	—
Forfeited/canceled	—	—
Unvested as of December 31, 2022	1,931,187	2.87
Granted	6,872,358	0.43
Vested	(4,797,854)	0.72
Forfeited/canceled	(52,942)	1.70
Unvested as of December 31, 2023	3,952,749	1.26
Granted	9,671,700	2.94
Vested	(11,010,418)	2.41
Forfeited/canceled	—	—
Unvested as of December 31, 2024	2,614,031	$	2.57

Non Employees

STOCK-BASED COMPENSATION

Schedule of Nonvested Restricted Stock Units Activity

The following table summarizes the activities for unvested Company RSUs granted to non-employees, excluding members of the board of directors, during the year ended December 31, 2024:

	Number of Shares	Weighted- Average Grant-Date Fair Value
Unvested as of January 1, 2022	—	$	—
Granted	134,669	1.41
Vested	—	—
Forfeited/canceled	(52,024)	1.73
Unvested as of December 31, 2022	82,645	1.21
Granted	2,870,564	0.82
Vested	(372,972)	1.15
Forfeited/canceled	(190,845)	0.70
Unvested as of December 31, 2023	2,389,392	0.79
Granted	425,000	2.87
Vested	(1,092,327)	0.98
Forfeited/canceled	(23,332)	0.67
Unvested as of December 31, 2024	1,698,733	$	1.22