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Stockholders’ Equity (Tables)
3 Months Ended
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