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STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Stock Option Activity
Stock option activity for the three months ended March 31, 2026 was as follows.
Options on Common StockWeighted Average Exercise PriceWeighted Average Remaining Contractual Life (years)Aggregate Intrinsic Value
Outstanding (vested and expected to vest) as of December 31, 20251,975,648 $1.74 7.2$17,869 
Granted261,500 4.77 
Exercised(106,727)0.36 739 
Forfeited, canceled, or expired(1,690)0.57 
Outstanding (vested and expected to vest) as of March 31, 20262,128,731 $2.18 7.7$11,314 
Exercisable as of March 31, 2026858,836 $0.53 5.6$5,809 
Schedule of Black-Scholes Option Pricing Model Weighted-Average Assumptions The Black-Scholes option-pricing model was used to estimate the fair value of the warrants with the following assumptions:
Initial Placement Underwriters' WarrantsOver-allotment exercise Underwriters' Warrants
Risk-free interest rate3.94 %3.96 %
Expected term5 years4.96 years
Volatility of common stock78.83 %78.94 %
Expected dividend rate— %— %
The following table summarizes Black-Scholes option pricing model weighted-average assumptions; for the three months ended March 31, 2025 ("none"), there were no grants.
Three Months Ended March 31
2026
2025
Risk-free interest rate3.73 %none
Expected term5.54 yearsnone
Volatility of common stock76.9 %none
Expected dividend rate— %none
Stock-based Compensation Expense for Employees and Non-employees The Company recognized total stock-based compensation expense for employees and non-employees as components of the statement of operations and comprehensive loss as follows.
Three Months Ended March 31,
2026
2025
Costs of revenue$11 $
Selling and marketing10 
Research and development90 43 
General and administrative230 95 
Total stock-based compensation expense$334$152 
Schedule of Restricted Stock Units
Restricted Stock UnitsWeighted Average Grant Date Fair Value per Share
Outstanding (expected to vest) as of December 31, 2025— 
Granted24,270 $6.18 
Vested— 
Outstanding (expected to vest) as of March 31, 202624,270