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STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

SCHEDULE OF STOCK BASED COMPENSATION

The following table summarizes stock-based compensation expense for the three months ended March 31, 2024 and 2023 (in thousands):

  SCHEDULE OF STOCK BASED COMPENSATION

		2024				2023
		For the three months ended March 31,
		2024				2023
Research and development		$	346			$	584
General and administrative			1,220				186
Total stock-based compensation expense		$	1,546			$	770

SCHEDULE OF STOCK OPTION ACTIVITY

The following table summarizes stock option activity during the three months ended March 31, 2024:

SCHEDULE OF STOCK OPTION ACTIVITY

		Number of Options				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term (years)				Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2023			179,001			$	38.58				6.83			$	3
Granted			—			$	—				—			$	—
Cancelled/forfeited			—			$	—				—			$	—
Exercised			—			$	—				—			$	—
Outstanding at March 31, 2024			179,001			$	38.58				6.58			$	14
Exercisable			143,907			$	38.58				6.42			$	6
Unvested			35,094			$	38.59				7.24			$	8

SCHEDULE OF RESTRICTED STOCK AWARD ACTIVITY

The following table summarizes restricted stock award activity during the three months ended March 31, 2024:

SCHEDULE OF RESTRICTED STOCK AWARD ACTIVITY

		Number of Awards				Weighted Average Grant Date Fair Value Per Unit
Outstanding at December 31, 2023			2,448,169			$	4.25
Granted			137,500			$	5.31
Cancelled/forfeited			—			$	—
Vested			(43,050	)		$	7.56
Outstanding at March 31, 2024			2,542,619			$	4.18

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- References

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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

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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

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-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

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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
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-Topic 718
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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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