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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2026
Stockholders Equity Note [Abstract]  
Schedule of Common Stock Reserved for Future Issuance

The Company had reserved shares of common stock for future issuance as shown in the table below:

 

 

 

June 30,
2026

 

 

December 31,
2025

 

Shares of common stock reserved for future issuance upon exercise of outstanding warrants and pre-funded warrants

 

 

19,100,800

 

 

 

19,100,800

 

Shares of common stock reserved for future issuance upon exercise under the Amended and Restated 2019 Stock Incentive Plan

 

 

11,386,272

 

 

 

9,023,200

 

Shares of common stock reserved for future issuance under the 2019 Employee Stock Purchase Plan

 

 

1,097,288

 

 

 

1,103,842

 

Shares of common stock reserved for future issuance upon exercise under the 2012 Stock Incentive Plan

 

 

278,418

 

 

 

278,418

 

 

 

31,862,778

 

 

 

29,506,260

 

Warrant Activity Including Activity Related To Pre-funded Warrants

Warrants

Warrant activity, including activity related to pre-funded warrants, is shown in the table below:

 

 

 

Number of
Pre-funded Warrant
Shares

 

 

Number of
Common Stock Warrant
Shares

 

 

Total Number of
Warrant
Shares

 

 

Weighted
Average
Exercise
Price

 

Outstanding as of December 31, 2025

 

 

17,248,948

 

 

 

1,851,852

 

 

 

19,100,800

 

 

$

0.13

 

Exercised

 

 

 

 

 

 

 

 

 

 

$

 

Outstanding as of June 30, 2026

 

 

17,248,948

 

 

 

1,851,852

 

 

 

19,100,800

 

 

$

0.13

 

Schedule of Share-based Compensation, Stock Options, Activity

A summary of the Company’s combined stock option activity for the 2019 Plan and the 2012 Plan is as follows:

 

 

 

Number of
Option
Shares

 

 

Weighted
Average
Exercise
Price

 

 

 

 

 

 

 

 

Outstanding as of December 31, 2025

 

 

9,301,618

 

 

$

3.63

 

Granted

 

 

3,581,500

 

 

$

11.19

 

Exercised

 

 

(768,273

)

 

$

2.53

 

Forfeited

 

 

(337,655

)

 

$

6.73

 

Expired

 

 

 

 

$

 

Outstanding as of June 30, 2026

 

 

11,777,190

 

 

$

5.91

 

Options exercisable as of June 30, 2026

 

 

5,920,713

 

 

$

3.80

 

Options unvested as of June 30, 2026

 

 

5,856,477

 

 

$

8.04

 

Schedule of Stock-based Compensation Expenses Recognized

The following table summarizes the classifications of stock-based compensation expenses for the 2012 Plan, the 2019 Plan and the 2019 ESPP recognized in the Condensed Consolidated Statements of Comprehensive Loss:

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

General and administrative expense

 

$

1,896

 

 

$

787

 

 

$

3,245

 

 

$

1,471

 

Research and development expense

 

 

1,376

 

 

 

597

 

 

 

2,218

 

 

 

1,121

 

Total stock-based compensation expenses

 

$

3,272

 

 

$

1,384

 

 

$

5,463

 

 

$

2,592