Annual report [Section 13 and 15(d), not S-K Item 405]

SHARE-BASED COMPENSATION (Tables)

v3.25.1
SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2024
SHARE-BASED COMPENSATION  
Schedule of fair value of options assumptions

​

​

​

​

​

​

​

​

​

​

Years Ended

​

December 31,

​

2024

​

2023

Expected term

​

6.7

years

​

​

6.9

years

Volatility

​

103

%

​

​

98

%

Dividend yield

​

—

%

​

​

—

%

Risk-free interest rate

​

4.28

%

​

​

3.85

%

Weighted average grant date fair value

$

2.59

​

​

$

2.75

​

Schedule of stock option activity

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Weighted

​

​

​

​

​

​

​

​

Average

​

​

​

​

​

​

Weighted

​

Remaining

​

Aggregate

​

Number of

    

Average

​

Contractual Term

​

Intrinsic

​

Options

    

Exercise Price

​

(in years)

​

Value

Outstanding, vested and expected to vest at December 31, 2023

2,985,000

 

$

5.64

​

7.81

 

$

251,550

Granted

895,000

​

​

3.10

​

9.19

​

​

—

Exercised

—

​

​

—

​

—

​

​

—

Forfeited

—

​

​

—

​

—

​

​

—

Outstanding, vested and expected to vest at December 31, 2024

3,880,000

​

$

5.05

​

7.36

​

$

—

Exercisable

3,030,972

​

$

5.59

​

6.91

​

$

—