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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

The following table summarizes information and activity related to the Company’s stock options:

			Number of Stock Options						Weighted Average Exercise Price						Weighted Average Remaining Contractual Life (in years)						Total Intrinsic Value (in thousands)
Outstanding as of December 31, 2024			1,890,932						$	15.69					6.8						$	920
Options granted			821,192						7.63
Options exercised			(32,515)						4.59
Forfeited (unvested)			(58,406)						6.90
Outstanding as of December 31, 2025			2,621,203						$	13.50					6.9						$	5,057
Options vested and exercisable			1,416,162						$	19.19					5.2						$	3,127

Schedule of Components of Stock-Based Compensation Expense

The following table summarizes total stock-based compensation expense recorded in the consolidated statements of operations and comprehensive loss (in thousands):

			For the Year Ended December 31,
			2025						2024
Research and development			$	1,093					$	582
General and administrative			1,604						870
Total			$	2,697					$	1,452

Schedule of Assumptions Used to Estimate Fair Value of Stock Option Awards

The fair value of each employee and non-employee stock option grant was estimated on the date of grant using Black-Scholes based on the following weighted average assumptions.

Options			For the Year Ended December 31,
			2025						2024
Risk-free interest rate			3.7% - 4.4%						3.4% - 4.3%
Expected dividend yield			0.0%						0.0%
Expected volatility			100.0% - 110.4%						79.5% - 107.8%
Expected term in years			5.0 - 6.1						5.0 - 6.1

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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.

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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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