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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 Weighted Average Assumptions | The weighted average assumptions used in the Black-Scholes model for option grants to employees and directors are presented below:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Risk-free interest rate | 4.42% |  | 3.45% |  | 4.23% |  | 4.05%
Expected volatility | 106% |  | 101% |  | 105% |  | 100%
Expected life in years | 5.5 |  | 5.6 |  | 5.5 |  | 5.5
Dividend yield | — |  | — |  | — |  | —
Significant Assumption Used in Monte Carlo Simulation Method | The significant assumptions used in the Monte Carlo simulation method were as follows:
Risk-free interest rate | 4.60%
Expected volatility | 90%
Expected life in years | 3.61
Dividend yield | —

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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