SHAREHOLDERS’ EQUITY (DEFICIT) (Tables)

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Schedule of Stock Option Activity

Stock option activity for the periods presented is as follows:

	Options	Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value (thousands)
Outstanding at December 31, 2023	2,369,169	$	1.43	8.8	$	495
Granted	859,250	$	0.51	—
Cancelled	(986,587)	$	3.03	—
Exercised	(634,298)	$	0.14	—
Outstanding at September 30, 2024	1,607,534	$	0.38	4.6	$	322
Exercisable as of September 30, 2024	1,325,404	$	0.28	3.8	320

Summary of Weighted-Average Assumptions Used to Determine Fair Value of Stock Options

The Black-Scholes option pricing model assumptions used in evaluating our option awards to employees is as follows:

	Nine Months ending September 30,
	2024
Expected term	6.05 years
Expected volatility	68%
Risk-free interest rate	3.9%
Dividend yield	—

Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

Restricted stock unit activity for the period presented is as follows:

	Restricted Stock Units	Weighted Average Grant Date Fair Value
Outstanding at December 31, 2023	—	—
Granted	1,576,193	0.75
Vested	(72,050)	0.75
Forfeited	(265,270)	0.75
Outstanding at September 30, 2024	1,238,873	0.75