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Stock-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
Schedule of Restricted Stock Award Activity | The following summarizes restricted stock award activity:
|  | Number of Shares Outstanding |  |  | Weighted- Average Grant Date Fair Value Per Share |
Balance at December 31, 2023 |  |  | 1,002,044 |  |  | $ | 2.67 |
Restricted stock awards vested |  |  | (410,916 | ) |  |  | 2.77 |
Restricted stock awards repurchased |  |  | (14,299 | ) |  |  | 2.31 |
Balance at December 31, 2024 |  |  | 576,829 |  |  |  | 2.62 |
Summary of Weighted Average Assumptions used for Grants Awards | The weighted-average assumptions used to value employee and non-employee stock option awards granted during the years ended December 31, 2024 and 2023, using the Black Scholes option pricing model, were as follows:
|  | Years Ended December 31, |
|  | 2024 |  |  | 2023 |
Fair value of common stock |  | $ | 6.65 |  |  | $ | 3.01 |
Risk-free interest rate |  |  | 3.83 | % |  |  | 4.56 | %
Expected volatility |  |  | 91.1 | % |  |  | 86.2 | %
Expected term (years) |  |  | 6.03 |  |  |  | 5.90 |
Expected dividend yield |  | —% |  |  | —% |
Summary Of Stock Based Compensation Expense For Restricted Stock Awards And Stock Options | Stock-based compensation expense for restricted stock awards and stock options recognized in the Company’s statements of operations and comprehensive (loss) income is presented as follows (in thousands):
|  | Years Ended December 31, |
|  | 2024 |  |  | 2023 |
Research and development expense |  | $ | 1,619 |  |  | $ | 887 |
General and administrative expense |  |  | 1,533 |  |  |  | 733 |
Total stock-based compensation expense |  | $ | 3,152 |  |  | $ | 1,620 |
2024 and 2021 Plan [Member] |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
Schedule of Stock Options Activity | The following summarizes stock option activity under the 2024 and 2021 Plans:
|  | Options Outstanding |
|  | Total Options Outstanding |  |  | Weighted- Average Exercise Price |  |  | Weighted- Average Remaining Contractual Life |  |  | Aggregate Intrinsic Value |
|  |  |  |  |  |  |  | (in years) |  |  | (in thousands) |
Outstanding as of December 31, 2023 |  |  | 1,123,296 |  |  | $ | 2.62 |  |  |  | 9.78 |  |  | $ | 2,287 |
Granted |  |  | 1,965,907 |  |  |  | 5.66 |  |  |  |  |  |  |
Exercised |  |  | (28,896 | ) |  |  | 2.28 |  |  |  |  |  |  |
Cancelled |  |  | (121,325 | ) |  |  | 3.02 |  |  |  |  |  |  |
Outstanding as of December 31, 2024 |  |  | 2,938,982 |  |  |  | 4.64 |  |  |  | 9.11 |  |  |  | 53,706 |
Exercisable as of December 31, 2024 |  |  | 514,144 |  |  |  | 2.90 |  |  |  | 8.23 |  |  |  | 10,285 |

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Line items represent financial concepts included in a table. 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