Quarterly report [Sections 13 or 15(d)]

STOCK-BASED COMPENSATION (Tables)

v3.25.3
STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 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

September 30,

   

For the nine months ended

September 30,

 
    2025     2024     2025     2024  
                         
Research and development   $ 223     $ 485     $ 1,125     $ 1,055  
Selling, general and administrative     2,466       1,319       7,095       3,618  
Total stock-based compensation expense   $ 2,689     $ 1,804     $ 8,220     $ 4,673  
SCHEDULE OF STOCK OPTION ACTIVITY

The following table summarizes stock option activity during the nine months ended September 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     (568 )   $ 14.21           $  
Exercised         $           $  
Outstanding at September 30, 2025     176,019     $ 38.72       5.10     $ 5  
Exercisable     174,792     $ 38.93       5.09     $ 4  
Unvested     1,227     $ 8.81       6.47     $ 1  
SCHEDULE OF RESTRICTED STOCK AWARD ACTIVITY

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

 

   

Number of

Awards

   

Weighted Average

Grant Date Fair

Value Per Unit

 
             
Outstanding at December 31, 2024     3,320,811     $ 4.60  
Granted     2,208,927     $ 5.33  
Cancelled/forfeited     (48,697 )   $ 5.09  
Vested     (1,395,420 )   $ 4.68  
Outstanding at September 30, 2025     4,085,621     $ 4.96