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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity

The following table summarizes our stock option activity for the six months ended June 30, 2024:

 

 

Shares

 

 

Weighted Average Exercise Price

 

 

Weighted Average Remaining Contractual Life (in Years)

 

 

Aggregate Intrinsic Value

 

OUTSTANDING, December 31, 2023

 

 

2,361,722

 

 

$

4.02

 

 

 

3.12

 

 

$

 

Granted

 

 

2,600,000

 

 

 

3.02

 

 

 

 

 

 

 

Exercised

 

 

68,470

 

 

 

3.72

 

 

 

 

 

 

130

 

Forfeited

 

 

 

 

$

 

 

 

 

 

 

 

OUTSTANDING, June 30, 2024

 

 

4,893,252

 

 

$

3.49

 

 

 

6.41

 

 

$

10,847

 

UNVESTED, June 30, 2024

 

 

2,600,000

 

 

$

3.02

 

 

 

9.63

 

 

$

6,765

 

EXERCISABLE, June 30, 2024

 

 

2,293,252

 

 

$

4.03

 

 

 

2.74

 

 

$

4,082