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Stock-Based Compensation (Tables)

9 Months Ended

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

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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.

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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.

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