STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-Based Compensation Expense

Total stock-based compensation expense recognized in the Company’s consolidated statements of operations is classified as follows:

	Year ended December 31,
	2024			2023
Cost of revenue	$	466,658		$	640,847
Research and development		476,666			617,386
Selling and marketing (1)		(181,160	)		266,675
General and administrative		1,103,931			965,501
Total stock-based compensation expense	$	1,866,095		$	2,490,409

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(1)Includes the reversal of stock compensation expense due to the departure of our Chief Marketing and Sales Officer in April 2024 and the resultant forfeiture of his unvested awards.

Schedule of Restricted Stock Units

The following table shows a summary of the Company's RSUs outstanding as of December 31, 2024 as well as activity the year then ended:

	RSUs
	Number of Shares			Weighted Average Grant Date Fair Value
Unvested at December 31, 2023		22,213		$	208.80
RSUs granted		45,725		$	5.38
RSUs vested		(52,789	)	$	24.33
RSUs forfeited		(10,587	)	$	94.46
Unvested at December 31, 2024		4,562		$	223.07

The

Summary of Stock Options Activity

A summary of stock option activity is as follows:

	Number of Stock Options Outstanding			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Options outstanding at December 31, 2023		188,865		$	74.41		7.9	$	—
Options granted		64,564		$	2.77
Options exercised		—		$	—
Options cancelled or forfeited		(34,999	)	$	152.01
Options outstanding at December 31, 2024		218,430		$	40.80		7.1	$	7,375.15
Options exercisable at December 31, 2024		143,214		$	49.70		6.1	$	7,375.15
Options vested and expected to vest at December 31, 2024		218,430		$	40.80		7.0	$	7,375.15

Summary of Assumptions Utilized for Option Grants

A summary of the assumptions the Company utilized for option grants during the years ended December 31, 2024 and 2023, respectively, are as follows:

	Year ended December 31,
	2024	2023
Expected term (in years)	4.0	0.75-5.0
Expected volatility	47.8% - 55.0%	44.9%-47.6%
Risk-free interest rate	4.0% - 4.5%	3.8%-5.5%
Expected dividend yield	0.0%	0.0%