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SHARE-BASED PAYMENT (Tables)
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions
The grant date fair value of the stock options was determined using the Black-Scholes-Merton model with the following assumptions:
Nine months ended September 30, 2025
Exercise price$3.57 
Expected terms (years)5.94
Volatility109.06 %
Risk-free interest rate4.04 %
Expected dividend yields0.00 %
Weighted average fair value of options granted$2.99 
Schedule of Stock Option Activity Plan
Stock options activity for the nine months ended September 30, 2025 and 2024 was as follows:
Stock options lifeNumber of Shares Weighted Average Exercise Price
(US$)
Weighted Average Grant Date
Fair Value (US$)
Weighted Average Remaining
Contractual Life
Outstanding as of December 31, 202432,701,399 5.80 4.58 4.5
Granted300,000 3.57 2.99 
Exercised(33,334)2.08 1.48 
Forfeited(6,514,093)6.02 4.52 
Outstanding as of September 30, 202526,453,972 5.72 4.58 4.3
Expected to vest and exercisable as of September 30, 202526,453,972 5.72 4.58 4.3
Exercisable as of September 30, 202524,320,639 6.11 4.91 4.1
Outstanding as of December 31, 202332,876,682 6.01 4.73 5.7
Forfeited(1,521,350)4.60 3.18 
Outstanding as of September 30, 202431,355,332 6.08 4.80 5.0
Expected to vest and exercisable as of September 30, 202431,355,332 6.08 4.80 5.0
Exercisable as of September 30, 202430,088,665 6.14 4.89 5.1
Schedule Non-vested Shares Activity
The non-vested RSUs activity for the nine months ended September 30, 2025 and 2024 was as follows:
Number of
Non-Vested
Shares
Weighted
Average Grant
Date Fair Value
Per Share (U.S.$)
Outstanding as of December 31, 20243,423,305 1.63 
Granted1,222,694 2.79 
Vested(587,553)2.48 
Forfeited(155,328)2.34 
Outstanding as of September 30, 20253,903,118 1.84 
Outstanding as of December 31, 20233,598,606 3.07 
Granted79,909 1.40 
Vested(503,505)2.65 
Forfeited(777,206)4.29 
Outstanding as of September 30, 20242,397,804 2.71 
Schedule of Classification of Stock-based Compensation
The following summarizes the classification of share-based compensation:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Cost of revenues$60 $771 $184 $3,390 
General and administrative expenses472 3,392 1,475 19,192 
Research and development expenses149 1,604 455 5,902 
Selling and marketing expenses47 534 163 1,805 
Construction in process26 26 22 
Total$754 $6,309 $2,303 $30,311