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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Stock Options Activity

The following table summarizes the activity for the year ended December 31, 2024:

										Weighted
						Weighted Average				Average Remaining				Aggregate
						Exercise				Contractual				Intrinsic
		Options				Price				Term (Years)				Value
Outstanding at January 1, 2024			1,134,145			$	3.24				8.7
Granted			1,101,342			$	6.95
Exercised			(1,829	)		$	1.08							$	8,249
Forfeited			(5,000	)		$	7.41
Outstanding at December 31, 2024			2,228,658			$	5.07				8.4			$	2,810,892
Exercisable at December 31, 2024			1,072,267			$	3.98				7.9			$	2,138,269
Vested and expected to vest at December 31, 2024			2,228,658			$	5.07				8.4			$	2,810,892

Summary of Stock Based Compensation in Statement of Operations

		Years Ended December 31,
		2024				2023
General and administrative		$	1,588,667			$	545,149
Research and development			1,074,872				327,099
		$	2,663,539			$	872,248

Summary of Estimated Black-Scholes Option-Pricing Model Using the Weighted-Average Assumptions

The grant date fair value of each option grant for the years ended December 31, 2024 and 2023 was estimated using the Black-Scholes option-pricing model using the following weighted-average assumptions:

		Years Ended December 31,
		2024				2023
Risk-free interest rate			4.2	%			4.0	%
Expected term (years)			5.7				5.8
Expected volatility			106.32	%			93.82	%
Expected dividend yield			-				-

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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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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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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