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Award Timing Disclosure
12 Months Ended
Dec. 31, 2024
Jan. 03, 2024
USD ($)
shares
$ / shares
Award Timing Disclosures [Line Items]    
Award Timing MNPI Disclosure
Policies and Practices Related to the Timing of Grants of Certain Equity Awards
The Compensation Committee and senior management monitor the Company’s equity grant practices to evaluate whether such policies comply with governing regulations and are consistent with good corporate practices. When making regular annual equity grants to the Company’s executive officers, the Compensation Committee’s practice is to approve them at its meeting in March of each year as part of the annual compensation review. In addition, the Compensation Committee may make grants at any time during the year it deems appropriate, including with respect to new hires, transitions or for retentive purposes. The Company does not schedule its equity grants in anticipation of the release of material non-public information (“MNPI”) nor does the Company time the release of MNPI based on equity grant dates.
The following table presents information regarding stock options issued to our NEOs in 2024 during any period beginning four business days before the filing or furnishing of a periodic report or current report disclosing MNPI and ending one business day after the filing or furnishing of such report with the SEC.
Name
Grant Date(1)
Number of
securities
underlying
the award
Exercise price
of the award
$(/share)
Grant date fair
value of award
Percentage change in
the closing market
price of the securities
underlying the award
between the trading
day ending
immediately prior to
the disclosure of
material non-public
information and the
trading day beginning
immediately following
the disclosure of
material non-public
Information
Maher Masoud
January 3, 2024
400,000 $ 4.42 $ 897,294 13.5%
(1)
On December 11, 2023, the Company and Mr. Masoud entered into the Promotion Letter, which contemplated a promotion option grant to be made to Mr. Masoud on or around January 2, 2024. The promotion grant was granted January 3, 2024. On January 8, 2024, the Company furnished a Current Report on Form 8-K disclosing the Company’s preliminary financial results for the quarter and fiscal year ended December 31, 2023.
 
Award Timing Method
The following table presents information regarding stock options issued to our NEOs in 2024 during any period beginning four business days before the filing or furnishing of a periodic report or current report disclosing MNPI and ending one business day after the filing or furnishing of such report with the SEC.
 
Award Timing Predetermined true  
Award Timing MNPI Considered false  
Award Timing, How MNPI Considered
The following table presents information regarding stock options issued to our NEOs in 2024 during any period beginning four business days before the filing or furnishing of a periodic report or current report disclosing MNPI and ending one business day after the filing or furnishing of such report with the SEC.
 
MNPI Disclosure Timed for Compensation Value false  
Awards Close in Time to MNPI Disclosures, Table
Name
Grant Date(1)
Number of
securities
underlying
the award
Exercise price
of the award
$(/share)
Grant date fair
value of award
Percentage change in
the closing market
price of the securities
underlying the award
between the trading
day ending
immediately prior to
the disclosure of
material non-public
information and the
trading day beginning
immediately following
the disclosure of
material non-public
Information
Maher Masoud
January 3, 2024
400,000 $ 4.42 $ 897,294 13.5%
(1)
On December 11, 2023, the Company and Mr. Masoud entered into the Promotion Letter, which contemplated a promotion option grant to be made to Mr. Masoud on or around January 2, 2024. The promotion grant was granted January 3, 2024. On January 8, 2024, the Company furnished a Current Report on Form 8-K disclosing the Company’s preliminary financial results for the quarter and fiscal year ended December 31, 2023.
 
Maher Masoud [Member]    
Awards Close in Time to MNPI Disclosures    
Name   Maher Masoud
Underlying Securities | shares   400,000
Exercise Price | $ / shares   $ 4.42
Fair Value as of Grant Date | $   $ 897,294
Underlying Security Market Price Change   13.5