EQUITY BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Unvested Restricted Common Stock Unit Awards Activity

The Company’s unvested RSA and RSU award activity for the year ended December 31, 2024 is summarized below:

	RSAs & RSUs	Weighted Average Grant Date Fair Value
Unvested at December 31, 2023	9,116	$	62.99
Granted	392,028	$	3.88
Vested	(265,451)	$	6.85
Forfeited	(4,346)	$	3.74
Unvested at December 31, 2024	131,347	$	3.31

Summary of Stock Options Activity

The Company’s stock options activity for the year ended December 31, 2024 is summarized below:

	Options	Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (in years)	Aggregate Intrinsic Value
Outstanding at December 31, 2023	458,982	$	16.59	-
Granted	25,000	$	3.00
Forfeited	(266)	$	62.50
Expired	(1,224)	$	63.52
Outstanding at December 31, 2024	482,492	$	15.75	7.9	$	—
Exercisable as of December 31, 2024	335,316	$	19.07	7.6	$	—

Summary of Weighted Average Assumptions Relating to the Valuation of Stock Options

The weighted average assumptions relating to the valuation of stock options granted for the year ended December 31, 2024 and 2023 were as follows:

	2024			2023
Weighted average exercise price of options granted	$	3.00		$	4.94
Expected volatility	109		%	211		%
Expected term (years)	5.6			10.0
Risk-free interest rate	4.5		%	4.5		%
Expected dividend yield	0.0		%	0.0		%