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STOCK-BASED COMPENSATION (Tables) | 6 Months Ended
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Jun. 30, 2024
Share-Based Payment Arrangement [Abstract] |
SCHEDULE OF STOCK BASED COMPENSATION | The following table summarizes stock-based compensation expense for the three and six months ended June 30, 2024 and 2023 (in thousands): SCHEDULE OF STOCK BASED COMPENSATION
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | For the three months ended June 30 |  |  | For the six months ended June 30 |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Research and development |  | $ | 224 |  |  | $ | 218 |  |  | $ | 570 |  |  | $ | 404 |
General and administrative |  |  | 1,099 |  |  |  | 709 |  |  |  | 2,299 |  |  |  | 1,293 |
Total stock-based compensation expense |  | $ | 1,323 |  |  | $ | 927 |  |  | $ | 2,869 |  |  | $ | 1,697 |
SCHEDULE OF STOCK OPTION ACTIVITY | The following table summarizes stock option activity during the six months ended June 30, 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 |  |  | (142 | ) |  | $ | 43.71 |  |  |  | — |  |  | $ | — |
Exercised |  |  | — |  |  | $ | — |  |  |  | — |  |  | $ | — |
Outstanding at June 30, 2024 |  |  | 178,859 |  |  | $ | 38.58 |  |  |  | 6.29 |  |  | $ | 1 |
Exercisable |  |  | 151,580 |  |  | $ | 38.70 |  |  |  | 6.16 |  |  | $ | 1 |
Unvested |  |  | 27,279 |  |  | $ | 37.85 |  |  |  | 7.03 |  |  | $ | — |
SCHEDULE OF RESTRICTED STOCK AWARD ACTIVITY | The following table summarizes restricted stock award activity during the six months ended June 30, 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 |  |  | 180,200 |  |  | $ | 5.17 |
Cancelled/forfeited |  |  | (161,835 | ) |  | $ | 3.67 |
Vested |  |  | (818,868 | ) |  | $ | 4.80 |
Outstanding at June 30, 2024 |  |  | 1,647,666 |  |  | $ | 4.14 |

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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 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. + References No definition available. + Details
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