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Stock-Based Compensation (Tables)

12 Months Ended

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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