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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
Pay versus Performance Information
In accordance with rules adopted by the Securities and Exchange Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation for our principal executive officer (“PEO”) and Non-PEO NEOs and Company performance for the years listed below. The Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Summary Compensation Table Total for Soroush Salehian Dardashti1
($)
 
 
Compensation Actually Paid to Soroush Salehian Dardashti1,2,3
($)
 
 
Average Summary Compensation Table Total for Non-PEO NEOs1
($)
 
 
Average Compensation Actually Paid to Non-PEO NEOs1,2,3
($)
 
 
Value of Initial Fixed $100 Investment based on TSR4
($)
 
 
Net Income
($ Millions)
(a)
 
 
(b)
 
 
(c)
 
 
(d)
 
 
(e)
 
 
(f)
 
 
(g)
2025
 
 
8,792,350
 
 
31,700,088
 
 
5,779,750
 
 
18,579,510
 
 
195.29
 
 
(145)
2024
 
 
1,513,000
 
 
4,373,443
 
 
2,313,819
 
 
3,657,244
 
 
69.85
 
 
(152)
2023
 
 
7,613,310
 
 
4,893,052
 
 
4,266,499
 
 
2,853,083
 
 
55.71
 
 
(149)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1.
Soroush Salehian Dardashti was our PEO for each year presented. The individuals comprising the Non-PEO NEOs for each year presented are Mina Rezk and Saurabh Sinha.
2.
The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.
3.
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns set forth in the Summary Compensation Table.
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Summary
Compensation
Table Total for
Soroush Salehian
Dardashti
($)
 
 
Exclusion of Stock
Awards and
Option Awards for
Soroush Salehian
Dardashti
($)
 
 
Inclusion of Equity
Values for Soroush
Salehian Dardashti
($)
 
 
Compensation
Actually Paid to
Soroush Salehian
Dardashti
($)
2025
 
 
8,792,350
 
 
(7,180,000)
 
 
30,087,738
 
 
31,700,088
2024
 
 
1,513,000
 
 
—
 
 
2,860,443
 
 
4,373,443
2023
 
 
7,613,310
 
 
(6,172,060)
 
 
3,451,802
 
 
4,893,052
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Average
Summary
Compensation
Table Total for
Non-PEO NEOs
($)
 
 
Average Exclusion
of Stock Awards
and Option
Awards for
Non-PEO NEOs
($)
 
 
Average Inclusion
of Equity Values for
Non-PEO NEOs
($)
 
 
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
2025
 
 
5,779,750
 
 
(4,667,000)
 
 
17,466,760
 
 
18,579,510
2024
 
 
2,313,819
 
 
(815,000)
 
 
2,158,425
 
 
3,657,244
2023
 
 
4,266,499
 
 
(2,773,353)
 
 
1,359,937
 
 
2,853,083
 
 
 
 
 
 
 
 
 
 
 
 
 
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Year-End
Fair Value
of Equity
Awards
Granted
During
Year That
Remained
Unvested
as of Last
Day of
Year for
Soroush
Salehian
Dardashti
($)
 
 
Change in Fair
Value from
Last Day of
Prior Year to
Last Day of
Year of
Unvested
Equity Awards
for Soroush
Salehian
Dardashti
($)
 
 
Vesting-Date
Fair Value of
Equity Awards
Granted
During Year
that Vested
During Year
for Soroush
Salehian
Dardashti
($)
 
 
Change in Fair
Value from
Last Day of
Prior Year to
Vesting Date of
Unvested
Equity Awards
that Vested
During Year
for Soroush
Salehian
Dardashti
($)
 
 
Total -
Inclusion of
Equity Values
for Soroush
Salehian
Dardashti
($)
2025
 
 
11,620,000
 
 
7,319,514
 
 
4,202,500
 
 
6,945,724
 
 
30,087,738
2024
 
 
—
 
 
2,884,147
 
 
—
 
 
(23,704)
 
 
2,860,443
2023
 
 
3,328,597
 
 
(22,146)
 
 
237,679
 
 
(92,328)
 
 
3,451,802
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Average
Year-End
Fair Value
of Equity
Awards
Granted
During
Year That
Remained
Unvested
as of Last
Day of
Year for
Non-PEO
NEOs
($)
 
 
Average
Change in
Fair Value
from Last
Day of Prior
Year to Last
Day of Year
of Unvested
Equity
Awards for
Non-PEO
NEOs
($)
 
 
Average
Vesting-
Date Fair
Value of
Equity
Awards
Granted
During
Year that
Vested
During
Year for
Non-
PEO NEOs
($)
 
 
Average
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting
Date of
Unvested
Equity
Awards that
Vested
During
Year for
Non-PEO
NEOs
($)
 
 
Total - Average Inclusion
of Equity Values for Non-
PEO NEOs
($)
2025
 
 
7,553,000
 
 
4,167,914
 
 
2,731,625
 
 
3,014,221
 
 
17,466,760
2024
 
 
1,039,063
 
 
1,043,051
 
 
103,125
 
 
(26,814)
 
 
2,158,425
2023
 
 
1,526,268
 
 
(165,161)
 
 
141,726
 
 
(142,896)
 
 
1,359,937
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
4.
The Company TSR assumes $100 was invested in the Company for the period starting December 31, 2022 through the end of the listed year. Historical stock performance is not necessarily indicative of future stock performance.
   
Named Executive Officers, Footnote
1.
Soroush Salehian Dardashti was our PEO for each year presented. The individuals comprising the Non-PEO NEOs for each year presented are Mina Rezk and Saurabh Sinha.
   
PEO Total Compensation Amount $ 8,792,350 $ 1,513,000 $ 7,613,310
PEO Actually Paid Compensation Amount $ 31,700,088 4,373,443 4,893,052
Adjustment To PEO Compensation, Footnote
3.
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns set forth in the Summary Compensation Table.
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Summary
Compensation
Table Total for
Soroush Salehian
Dardashti
($)
 
 
Exclusion of Stock
Awards and
Option Awards for
Soroush Salehian
Dardashti
($)
 
 
Inclusion of Equity
Values for Soroush
Salehian Dardashti
($)
 
 
Compensation
Actually Paid to
Soroush Salehian
Dardashti
($)
2025
 
 
8,792,350
 
 
(7,180,000)
 
 
30,087,738
 
 
31,700,088
2024
 
 
1,513,000
 
 
—
 
 
2,860,443
 
 
4,373,443
2023
 
 
7,613,310
 
 
(6,172,060)
 
 
3,451,802
 
 
4,893,052
 
 
 
 
 
 
 
 
 
 
 
 
 
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Year-End
Fair Value
of Equity
Awards
Granted
During
Year That
Remained
Unvested
as of Last
Day of
Year for
Soroush
Salehian
Dardashti
($)
 
 
Change in Fair
Value from
Last Day of
Prior Year to
Last Day of
Year of
Unvested
Equity Awards
for Soroush
Salehian
Dardashti
($)
 
 
Vesting-Date
Fair Value of
Equity Awards
Granted
During Year
that Vested
During Year
for Soroush
Salehian
Dardashti
($)
 
 
Change in Fair
Value from
Last Day of
Prior Year to
Vesting Date of
Unvested
Equity Awards
that Vested
During Year
for Soroush
Salehian
Dardashti
($)
 
 
Total -
Inclusion of
Equity Values
for Soroush
Salehian
Dardashti
($)
2025
 
 
11,620,000
 
 
7,319,514
 
 
4,202,500
 
 
6,945,724
 
 
30,087,738
2024
 
 
—
 
 
2,884,147
 
 
—
 
 
(23,704)
 
 
2,860,443
2023
 
 
3,328,597
 
 
(22,146)
 
 
237,679
 
 
(92,328)
 
 
3,451,802
    
Non-PEO NEO Average Total Compensation Amount $ 5,779,750 2,313,819 4,266,499
Non-PEO NEO Average Compensation Actually Paid Amount $ 18,579,510 3,657,244 2,853,083
Adjustment to Non-PEO NEO Compensation Footnote
3.
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns set forth in the Summary Compensation Table.
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Average
Summary
Compensation
Table Total for
Non-PEO NEOs
($)
 
 
Average Exclusion
of Stock Awards
and Option
Awards for
Non-PEO NEOs
($)
 
 
Average Inclusion
of Equity Values for
Non-PEO NEOs
($)
 
 
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
2025
 
 
5,779,750
 
 
(4,667,000)
 
 
17,466,760
 
 
18,579,510
2024
 
 
2,313,819
 
 
(815,000)
 
 
2,158,425
 
 
3,657,244
2023
 
 
4,266,499
 
 
(2,773,353)
 
 
1,359,937
 
 
2,853,083
 
 
 
 
 
 
 
 
 
 
 
 
 
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Average
Year-End
Fair Value
of Equity
Awards
Granted
During
Year That
Remained
Unvested
as of Last
Day of
Year for
Non-PEO
NEOs
($)
 
 
Average
Change in
Fair Value
from Last
Day of Prior
Year to Last
Day of Year
of Unvested
Equity
Awards for
Non-PEO
NEOs
($)
 
 
Average
Vesting-
Date Fair
Value of
Equity
Awards
Granted
During
Year that
Vested
During
Year for
Non-
PEO NEOs
($)
 
 
Average
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting
Date of
Unvested
Equity
Awards that
Vested
During
Year for
Non-PEO
NEOs
($)
 
 
Total - Average Inclusion
of Equity Values for Non-
PEO NEOs
($)
2025
 
 
7,553,000
 
 
4,167,914
 
 
2,731,625
 
 
3,014,221
 
 
17,466,760
2024
 
 
1,039,063
 
 
1,043,051
 
 
103,125
 
 
(26,814)
 
 
2,158,425
2023
 
 
1,526,268
 
 
(165,161)
 
 
141,726
 
 
(142,896)
 
 
1,359,937
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    
Compensation Actually Paid vs. Total Shareholder Return
Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Company Total Shareholder Return (“TSR”)
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and the Company’s cumulative TSR over the three most recently completed years.
   
Compensation Actually Paid vs. Net Income
Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Net Income
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our net income during the three most recently completed years.
    
Total Shareholder Return Amount $ 195.29 69.85 55.71
Net Income (Loss) $ (145,000,000) $ (152,000,000) $ (149,000,000)
PEO Name Soroush Salehian Dardashti Soroush Salehian Dardashti Soroush Salehian Dardashti
Equity Awards Adjustments, Footnote
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Year-End
Fair Value
of Equity
Awards
Granted
During
Year That
Remained
Unvested
as of Last
Day of
Year for
Soroush
Salehian
Dardashti
($)
 
 
Change in Fair
Value from
Last Day of
Prior Year to
Last Day of
Year of
Unvested
Equity Awards
for Soroush
Salehian
Dardashti
($)
 
 
Vesting-Date
Fair Value of
Equity Awards
Granted
During Year
that Vested
During Year
for Soroush
Salehian
Dardashti
($)
 
 
Change in Fair
Value from
Last Day of
Prior Year to
Vesting Date of
Unvested
Equity Awards
that Vested
During Year
for Soroush
Salehian
Dardashti
($)
 
 
Total -
Inclusion of
Equity Values
for Soroush
Salehian
Dardashti
($)
2025
 
 
11,620,000
 
 
7,319,514
 
 
4,202,500
 
 
6,945,724
 
 
30,087,738
2024
 
 
—
 
 
2,884,147
 
 
—
 
 
(23,704)
 
 
2,860,443
2023
 
 
3,328,597
 
 
(22,146)
 
 
237,679
 
 
(92,328)
 
 
3,451,802
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Average
Year-End
Fair Value
of Equity
Awards
Granted
During
Year That
Remained
Unvested
as of Last
Day of
Year for
Non-PEO
NEOs
($)
 
 
Average
Change in
Fair Value
from Last
Day of Prior
Year to Last
Day of Year
of Unvested
Equity
Awards for
Non-PEO
NEOs
($)
 
 
Average
Vesting-
Date Fair
Value of
Equity
Awards
Granted
During
Year that
Vested
During
Year for
Non-
PEO NEOs
($)
 
 
Average
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting
Date of
Unvested
Equity
Awards that
Vested
During
Year for
Non-PEO
NEOs
($)
 
 
Total - Average Inclusion
of Equity Values for Non-
PEO NEOs
($)
2025
 
 
7,553,000
 
 
4,167,914
 
 
2,731,625
 
 
3,014,221
 
 
17,466,760
2024
 
 
1,039,063
 
 
1,043,051
 
 
103,125
 
 
(26,814)
 
 
2,158,425
2023
 
 
1,526,268
 
 
(165,161)
 
 
141,726
 
 
(142,896)
 
 
1,359,937
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (7,180,000) $ 0 $ (6,172,060)
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 30,087,738 2,860,443 3,451,802
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 11,620,000 0 3,328,597
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 7,319,514 2,884,147 (22,146)
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 4,202,500 0 237,679
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 6,945,724 (23,704) (92,328)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (4,667,000) (815,000) (2,773,353)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 17,466,760 2,158,425 1,359,937
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 7,553,000 1,039,063 1,526,268
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 4,167,914 1,043,051 (165,161)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 2,731,625 103,125 141,726
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 3,014,221 $ (26,814) $ (142,896)