Quarterly report [Sections 13 or 15(d)]

SHARE-BASED COMPENSATION (Tables)

v3.25.1
SHARE-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2025
SHARE-BASED COMPENSATION  
Schedule of fair value of options assumptions

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

March 31,

​

2025

​

2024

Expected term

​

5.0

years

​

​

6.8

years

Volatility

​

102

%

​

​

103

%

Dividend yield

​

—

%

​

​

—

%

Risk-free interest rate

​

4.25

%

​

​

4.28

%

Weighted average grant date fair value

$

0.62

​

​

$

2.64

​

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, 2024

3,880,000

 

$

5.05

​

7.36

 

$

—

Granted

675,500

​

​

0.80

​

9.83

​

​

—

Exercised

—

​

​

—

​

—

​

​

—

Forfeited

—

​

​

—

​

—

​

​

—

Outstanding, vested and expected to vest at March 31, 2025

4,555,500

​

$

4.42

​

7.51

​

$

—

Exercisable

3,790,222

​

$

4.70

​

7.26

​

$

—