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STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

SCHEDULE OF STOCK BASED COMPENSATION

The following table summarizes stock-based compensation expense (in thousands):

SCHEDULE OF STOCK BASED COMPENSATION 

		For the three months ended March 31,
		2025				2024
Research and development		$	670			$	346
General and administrative			2,031				1,200
Total stock-based compensation expense		$	2,701			$	1,546

SCHEDULE OF STOCK OPTION ACTIVITY

The following table summarizes stock option activity during the three months ended March 31, 2025:

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, 2024			176,587			$	38.64				5.83			$	6
Granted			—			$	—				—			$	—
Cancelled/forfeited			(408	)		$	17.25				—			$	—
Exercised			—			$	—				—			$	—
Outstanding at March 31, 2025			176,179			$	38.69				5.60			$	3
Exercisable			169,544			$	39.29				5.56			$	2
Unvested			6,635			$	23.42				6.60			$	1

SCHEDULE OF RESTRICTED STOCK AWARD ACTIVITY

The following table summarizes restricted stock award activity during the three months ended March 31, 2025:

SCHEDULE OF RESTRICTED STOCK AWARD ACTIVITY 

		Number of Awards				Weighted Average Grant Date Fair Value Per Unit
Outstanding at December 31, 2024			3,320,811			$	4.60
Granted			2,009,280			$	5.24
Cancelled/forfeited			(11,617	)		$	4.73
Vested			(68,167	)		$	8.25
Outstanding at March 31, 2025			5,250,307			$	4.79

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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
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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.

+ References

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-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
-Section 50
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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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