STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2025

Share-Based Payment Arrangement [Abstract]

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

For the six months ended June 30, 2025, the Company granted options to employees and directors as follows:

	Six Months Ended June 30, 2025
	Award amount in shares	Exercise price range	Vesting period	Expiration
Options	1,582,500	$1.80 - $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:

	Six Months Ended June 30,
	2025
Exercise price	$1.80 - $2.77
Dividend yield	—	%
Expected volatility	101.91% - 104.79%
Risk-free interest rate	4.29% - 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 June 30,				Six Months Ended June 30,
(in thousands)	2025		2024		2025		2024
Research and development	$	61	$	133	$	187	$	296
General and administrative	468		752		1,105		1,574
Total	$	529	$	885	$	1,292	$	1,870