STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Share-based Compensation Awards Granted for Options and RSUs During the Period

For the three months ended March 31, 2025, the Company granted options to employees and directors as follows:

	Three Months Ended March 31, 2025
	Award amount in shares	Exercise price range	Vesting period	Expiration
Options	1,567,500	$2.35 - $2.77	4 years	10 years

Schedule of Underlying Data Used for Computing the Fair Value of the Options

The underlying data used for computing the fair value of the options are as follows:

	Three Months Ended March 31,
	2025
Exercise price	$2.35 - $2.77
Dividend yield	—	%
Expected volatility	104.08% - 104.79%
Risk-free interest rate	4.57% - 4.58%
Expected term	6 years

Schedule of Share-based Payment Arrangement, Expensed and Capitalized, Amount

The following table illustrates the effect of stock-based compensation on the line items on the unaudited condensed consolidated statements of operations and comprehensive loss:

	Three Months Ended March 31,
(in thousands)	2025		2024
Research and development expenses	$	126	$	163
General and administrative	637		822
Total	$	763	$	985