Quarterly report [Sections 13 or 15(d)]

STOCK-BASED COMPENSATION (Tables)

v3.25.1
STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF STOCK BASED COMPENSATION

The following table summarizes stock-based compensation expense (in thousands):

 

             
    For the three months ended March 31,  
    2025     2024  
             
Research and development   $ 670     $ 346  
General and administrative     2,031       1,200  
Total stock-based compensation expense   $ 2,701     $ 1,546  
SCHEDULE OF STOCK OPTION ACTIVITY

The following table summarizes stock option activity during the three months ended March 31, 2025:

 

    Number of Options    

Weighted Average Exercise

Price

    Weighted Average Remaining Contractual Term (years)    

Aggregate Intrinsic

Value
(in

thousands)

 
                         
Outstanding at December 31, 2024     176,587     $ 38.64       5.83     $ 6  
Granted         $           $  
Cancelled/forfeited     (408 )   $ 17.25           $  
Exercised         $           $  
Outstanding at March 31, 2025     176,179     $ 38.69       5.60     $ 3  
Exercisable     169,544     $ 39.29       5.56     $ 2  
Unvested     6,635     $ 23.42       6.60     $ 1  
SCHEDULE OF RESTRICTED STOCK AWARD ACTIVITY

The following table summarizes restricted stock award activity during the three months ended March 31, 2025:

 

   

Number of

Awards

    Weighted Average Grant Date Fair Value Per Unit  
             
Outstanding at December 31, 2024     3,320,811     $ 4.60  
Granted     2,009,280     $ 5.24  
Cancelled/forfeited     (11,617 )   $ 4.73  
Vested     (68,167 )   $ 8.25  
Outstanding at March 31, 2025     5,250,307     $ 4.79