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Stockholders’ Equity (Tables) | 3 Months Ended
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Mar. 31, 2025
Stockholders’ Equity [Abstract] |
Schedule of Stock Option Activity | The following table summarizes stock option activity during the three months ended March 31, 2025:
(in thousands, except share and per share amounts) |  | Number of Shares |  |  | Weighted- average Exercise Price |  |  | Weighted- average Remaining Contractual Term (years) |  |  | Aggregate Intrinsic Value |
Outstanding at January 1, 2025 |  |  | 7,203,307 |  |  | $ | 8.29 |  |  |  | 6.49 |  |  | $ | 1,218 |
Options granted |  |  | 100,000 |  |  | $ | 7.88 |  |  |  | 10.0 |  |  |  | - |
Options exercised |  |  | - |  |  | $ | - |  |  |  | - |  |  |  | - |
Options cancelled |  |  | - |  |  | $ | - |  |  |  | - |  |  |  | - |
Outstanding at March 31, 2025 |  |  | 7,303,307 |  |  | $ | 8.28 |  |  |  | 6.29 |  |  | $ | 9,372 |
Exercisable at March 31, 2025 |  |  | 5,124,039 |  |  | $ | 8.71 |  |  |  | 5.01 |  |  | $ | 6,248 |
Schedule of Stock-Based Compensation Expense | The following summarizes the components of stock-based compensation expense in the consolidated statements of operations for the three months ended March 31, 2025 and 2024 respectively:
(in thousands) |  | Three Months Ended March 31, 2025 |  |  | Three Months Ended March 31, 2024 |
Research and development |  | $ | 830 |  |  | $ | 702 |
General and administrative |  |  | 1,246 |  |  |  | 1,077 |
Total |  | $ | 2,076 |  |  | $ | 1,779 |

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