STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2025

Board of Directors and Employees

STOCK-BASED COMPENSATION

Schedule of Nonvested Restricted Stock Units Activity

The following table summarizes the activities for unvested RSUs granted to employees and members of the board of directors during the three months ended March 31, 2025:

	Unvested Restricted Stock Units
	Number of Shares	Weighted-Average Grant-Date Fair Value
Unvested as of December 31, 2024	2,614,031	$	2.57
Granted	7,140,000	$	5.41
Vested	(6,575,669)	$	4.68
Forfeited/canceled	(15,000)	$	4.59
Unvested as of March 31, 2025	3,163,362	$	4.57

Non Employees

STOCK-BASED COMPENSATION

Schedule of Nonvested Restricted Stock Units Activity

The following table summarizes the activities for unvested RSUs granted to non-employees, excluding members of the board of directors, during the three months ended March 31, 2025:

	Unvested Restricted Stock Units
	Number of Shares	Weighted-Average Grant-Date Fair Value
Unvested as of December 31, 2024	1,698,733	$	1.22
Granted	675,000	$	4.75
Vested	(706,443)	$	0.91
Forfeited/canceled	(33,333)	$	0.65
Unvested as of March 31, 2025	1,633,957	$	2.82