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STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

SCHEDULE OF STOCK BASED COMPENSATION

The following table summarizes stock-based compensation expense for the three and nine months ended September 30, 2024 and 2023 (in thousands):

SCHEDULE OF STOCK BASED COMPENSATION 

		2024				2023				2024				2023
		For the three months ended September 30, 2024								For the nine months ended September 30,
		2024				2023				2024				2023
Research and development		$	485			$	339			$	1,055			$	743
General and administrative			1,319				1,218				3,618				2,511
Total stock-based compensation expense		$	1,804			$	1,557			$	4,673			$	3,254

SCHEDULE OF STOCK OPTION ACTIVITY

The following table summarizes stock option activity during the nine months ended September 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			(1,863	)		$	34.45				—			$	—
Exercised			—			$	—				—			$	—
Outstanding at September 30, 2024			177,138			$	38.62				6.09			$	8
Exercisable			157,029			$	38.91				5.99			$	5
Unvested			20,109			$	36.35				6.83			$	3

SCHEDULE OF RESTRICTED STOCK AWARD ACTIVITY

The following table summarizes restricted stock award activity during the nine months ended September 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			1,964,254			$	4.89
Cancelled/forfeited			(169,860	)		$	3.73
Vested			(974,149	)		$	4.62
Outstanding at September 30, 2024			3,268,414			$	4.56

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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

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-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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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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-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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-Name Accounting Standards Codification
-Section 50
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-Subparagraph (d)
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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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-Name Accounting Standards Codification
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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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