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SHARE-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2025
SHARE-BASED COMPENSATION [Abstract]  
Stock Option Activity

The following table summarizes stock option activity for the nine months ended September 30, 2025:

      Weighted Average    
   Options on      Remaining    Aggregate 
    Common   Exercise    Contractual    Intrinsic  
    Shares   Price    Term   Value 
Outstanding January 1, 2025  3,944,284  $2.12   8.30  $1,486 
Granted  4,113,927   1.82   -   - 
Exercised  -   -   -   - 
Forfeited, cancelled, expired  (2,024,762)   5.21   -   - 
Outstanding September 30, 2025  6,033,449  $1.91   8.38  $3,541 
Exercisable September 30, 2025  1,625,078  $2.43   6.56  $856 
Stock Option Activity, Fair Value of Assumptions

The Company uses the Black-Scholes option pricing model to determine the fair value of the service-based options that have been granted. The following table summarizes the assumptions used to compute the fair value of options granted to employees and non-employees:

  For the Nine Months Ended September 30,
   2025   2024 
Expected stock price volatility  76%  76%
Risk-free interest rate  3.87%  3.79%
Expected dividend yield  0%  0%
Expected life of options  6   6 
Weighted-average fair value of options granted $1.28  $1.48 
Restricted Stock Units Activity

The Plan provides for the grant of restricted stock units (“RSUs”). RSUs are settled in shares of the Company’s Common Stock as the RSUs vest. The following table summarizes RSU activity for the nine months ended September 30, 2025:

       Weighted   Weighted  
   Service-Based   Average Grant   Average Vesting 
   RSU's   Date Fair Value   Period (Years) 
Unvested at January 1, 2025  988,102  $2.25   3.67 
Granted-service based  841,495   1.86   - 
Vested  (773,368)   1.91   - 
Forfeited and cancelled  -   -   - 
Unvested at September 30, 2025  1,056,229  $2.19   2.31 
Share-based Compensation for Options and Restricted Stock Units

The Company recorded share-based compensation for options and RSUs in its statements of operations for the relevant periods as follows:

  Three months ended September 30, Nine months ended September 30,
   2025   2024   2025   2024 
Selling, general, and administrative $632  $878  $3,004  $1,735 
Research and development  6   18   69   79 
Total share-based expense $638  $896  $3,073  $1,814