Quarterly report [Sections 13 or 15(d)]

STOCK-BASED COMPENSATION (Tables)

v3.25.2
STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF STOCK BASED COMPENSATION

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

 

    2025     2024     2025     2024  
   

For the three months ended June 30,

   

For the six months ended June 30,

 
    2025     2024     2025     2024  
                         
Research and development   $ 232     $ 224     $ 902     $ 570  
Selling, general and administrative     2,598       1,099       4,629       2,299  
Total stock-based compensation expense   $ 2,830     $ 1,323     $ 5,531     $ 2,869  
SCHEDULE OF STOCK OPTION ACTIVITY

The following table summarizes stock option activity during the six months ended June 30, 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     (439 )   $ 16.49           $  
Exercised         $           $  
Outstanding at June 30, 2025     176,148     $ 38.70       5.35     $ 6  
Exercisable     172,830     $ 39.11       5.32     $ 5  
Unvested     3,318     $ 17.33       6.50     $ 1  
SCHEDULE OF RESTRICTED STOCK AWARD ACTIVITY

The following table summarizes restricted stock award activity during the six months ended June 30, 2025:

 

   

Number of

Awards

    Weighted
Average Grant
Date Fair Value
Per Unit
 
             
Outstanding at December 31, 2024     3,320,811     $ 4.60  
Granted     2,139,328     $ 5.29  
Cancelled/forfeited     (44,525 )   $ 5.10  
Vested     (500,780 )   $ 4.72  
Outstanding at June 30, 2025     4,914,834     $ 4.88