XML 48 R31.htm IDEA: XBRL DOCUMENT
v3.25.1

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Accounting Policies [Abstract] |
Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method | Basic and diluted net loss per share for the year ended December 31, 2024 and 2023 are calculated as follows:
| Year Ended December 31,
| 2024 |  | 2023 |  |
Numerator: |  |  |  |  |
Net loss | $ | (107,254,126) |  |  | $ | (135,117,352) |  |  |
Denominator: |  |  |  |  |
Shares used to compute net loss per share, basic and diluted |  |  |  |  |
Weighted-average common shares outstanding | 25,655,527 |  |  | 22,173,662 |  |  |
Weighted-average shares underlying pre-funded warrants | 1,505,336 |  |  | — |  |  |
Weighted-average common shares outstanding used to compute basic and diluted net loss per share | 27,160,863 |  |  | 22,173,662 |  |  |
Net loss per share |  |  |  |  |
Basic and diluted | $ | (3.95) |  |  | $ | (6.09) |  |  |
Schedule of Common Shares That Were Excluded From The Diluted Net Loss Per Share Calculation Because of Their Anti-Dilutive Effect | The following table summarizes potential shares of common stock that were excluded from diluted net loss per share calculation because of their anti-dilutive effect:
| Year Ended December 31,
| 2024 |  | 2023 |  |
Warrants to purchase common stock | 10,000,000 |  |  | — |  |  |
Options to purchase common stock | 1,337,228 |  |  | 1,128,864 |  |  |
Service-based restricted stock units | 337,911 |  |  | 274,794 |  |  |
Performance-and market-based restricted stock units | 128,800 |  |  | — |  |  |
Convertible preferred stock | 275 |  |  | 275 |  |  |
Convertible notes | — |  |  | 254,165 |  |  |
Total | 11,804,214 |  |  | 1,658,098 |  |  |
Schedule of Assumptions Used To Estimate The Fair Value Of Stock Options | The weighted average assumptions used in the Black-Scholes model for option grants to employees and directors are presented below:
| Year Ended December 31,
| 2024 |  | 2023 |  |
Risk-free interest rate | 4.22% |  | 4.05% |  |
Expected volatility | 105% |  | 100% |  |
Expected life in years | 5.5 |  | 5.5 |  |
Dividend yield | — |  | — |  |
The weighted average assumptions used in the Black-Scholes model for option grants to non-employees are presented below:
| Year Ended December 31,
| 2024 |  | 2023 |  |
Risk-free interest rate | 4.21% |  | 3.90% |  |
Expected volatility | 100% |  | 89% |  |
Expected life in years | 6.5 |  | 10.0 |  |
Dividend yield | — |  | — |  |

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effect of income (loss) on an entity's diluted earnings per share. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482635/260-10-55-52 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareDilutedByCommonClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration