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Stock-Based Compensation (Tables) | 9 Months Ended
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Sep. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Assumptions in its Application of the Black-Scholes Option Pricing Model for Grants | The Company used the following assumptions in its application of the Black-Scholes option pricing model for grants during the nine months ended September 30, 2025 and 2024:
| Nine Months Ended September 30,
| 2025 |  | 2024
Weighted-average risk-free interest rate | 3.76% - 4.55% |  | 3.93% - 4.82%
Expected term (in years) | 5.51 - 10.00 |  | 5.00 - 10.00
Expected dividend yield | 0% |  | 0%
Expected volatility | 65.86% - 67.33% |  | 66.08% - 69.85%
Schedule of Stock Option Activity | The following table summarizes the stock option activity during the nine months ended September 30, 2025:
| Number of Options |  | Weighted- Average Exercise Price per Share |  | Weighted Average Remaining Contractual Term (in Years) |  | Aggregate Intrinsic Value
Outstanding at December 31, 2024 | 6,382,149 |  | $ | 4.40 |  |  |  |  |
Granted | 2,362,294 |  | 1.99 |  |  |  |  |
Exercised | (48,825) |  |  | 2.84 |  |  |  |  |
Cancelled | (369,425) |  | 2.90 |  |  |  |  |
Outstanding at September 30, 2025 | 8,326,193 |  | $ | 3.81 |  |  | 7.36 |  | $ | 29,535,941 |
Vested and exercisable at September 30, 2025 | 4,996,711 |  | $ | 4.49 |  |  | 6.47 |  | $ | 15,447,408 |
Schedule of Recognized Share-based Compensation Expense Recognized | For the three and nine months ended September 30, 2025 and 2024, the Company recognized share-based compensation expense on the accompanying condensed consolidated statements of operations as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Research and development | $ | 602,179 |  |  | $ | 714,573 |  |  | $ | 1,945,585 |  |  | $ | 1,959,834 |
General and administrative | 853,901 |  |  | 925,543 |  |  | 2,727,705 |  |  | 2,816,789 |
Total | $ | 1,456,080 |  |  | $ | 1,640,116 |  |  | $ | 4,673,290 |  |  | $ | 4,776,623 |

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- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + 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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