STOCK BASED COMPENSATION (Tables)

12 Months Ended

Dec. 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 Company RSUs granted to employees and members of the board of directors during the years ended December 31, 2025, 2024 and 2023:

	Number of Shares	Weighted-Average Grant-Date Fair Value
Unvested as of January 1, 2023	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
Unvested awards of employees acquired in business acquisition	1,448,079	$	2.82
Granted	20,529,141	$	5.15
Vested	(9,231,181)	$	4.68
Forfeited/canceled	(46,189)	$	4.30
Unvested as of December 31, 2025	15,313,881	$	4.78

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 years ended December 31, 2025, 2024 and 2023:

	Number of Shares	Weighted-Average Grant-Date Fair Value
Unvested as of January 1, 2023	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
Unvested awards of employees acquired in business acquisition	(1,448,079)	$	2.82
Granted	833,000	$	4.98
Vested	(775,657)	$	1.08
Forfeited/canceled	(33,333)	$	0.65
Unvested as of December 31, 2025	274,664	$	4.63