SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2024

SHARE-BASED COMPENSATION

SCHEDULE OF OPTION ACTIVITY UNDER 2021 PLAN AND 2018 PLAN

				Weighted-
				Average
				Remaining	Aggregate
		Weighted-Average		Contractual Term	Intrinsic Value
	Options	Exercise Price		(in years)	(in thousands)
Outstanding at December 31, 2023	5,230,344	$	13.66	8.16	$	49,728
Granted	1,489,191		19.70
Exercised	(382,790)		3.88
Cancelled/Forfeited	(3,902,210)		18.01
Outstanding at December 31, 2024	2,434,535	$	11.93	6.91	$	387
Vested and exercisable at December 31, 2024	1,740,379		10.22	6.44		336

SCHEDULE OF UNVESTED RESTRICTED STOCK UNIT ACTIVITY

		Weighted-
		Average Grant
		Date Fair Value
	Units	Per Unit
Unvested restricted stock units as of December 31, 2023	21,968	$	22.26
Granted	—		—
Vested	(5,492)		21.30
Forfeited	(16,476)		22.58
Unvested restricted stock units as of December 31, 2024	—	$	—

SCHEDULE OF FAIR VALUE OF STOCK OPTIONS ASSUMPTIONS

	Year Ended December 31,
	2024		2023
Expected term (in years)	5.3 - 6.0		5.3 - 6.1
Expected volatility	70.0 - 89.8	%	73.9 - 91.5	%
Risk-free interest rate	3.6 - 4.5	%	3.5 - 4.8	%
Expected dividend	—		—

SCHEDULE OF STOCK-BASED COMPENSATION EXPENSE

Stock-based compensation expense recognized for stock option grants has been reported in the statements of operations and comprehensive loss as follows (in thousands):

	Year Ended December 31,
	2024		2023
General and administrative	$	6,296	$	5,285
Research and development		5,015		6,621
Total	$	11,311	$	11,906

Stock-based compensation expense by type of award included within the consolidated statements of operations and comprehensive (loss) income was as follows:

	Year Ended December 31,
	2024		2023
Stock options	$	11,133	$	11,494
Restricted stock awards and units		62		201
Employee stock purchase plan awards		116		211
Total	$	11,311	$	11,906