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Stock-Based Compensation Expense (Tables)
12 Months Ended
Dec. 31, 2024
Stock-Based Compensation Expense [Abstract]  
Schedule of Stock Options Vested and Exercisable

The following table summarizes information about the Company’s stock options outstanding as well as stock options vested and exercisable as of December 31, 2024, and activity during the year end then ended: 

 

   Shares   Weighted-
average
exercise
price
   Weighted-
average remaining
contractual
term
(years)
   Aggregate
intrinsic
value
 
Outstanding as of December 31, 2023   175,063   $104.24    7.37   $42,530 
Granted   7,566    10.14           
Exercised   
-
    
-
         600 
Cancelled/forfeited   (20,229)   128.30           
Outstanding as of December 31, 2024   162,400   $96.89    6.31   $
-
 
Vested and expected to vest at December 31, 2024   162,400   $96.89    6.31   $- 
Vested and exercisable at December 31, 2024   110,081   $96.63    5.43   $
-
 
Schedule of Restricted Stock Units and Activity

The following table summarizes information about the Company’s RSUs as of December 31, 2024, and activity during the year then ended:

 

   Shares   Weighted-
average
grant date
fair value
 
Unvested shares at December 31, 2023   1,764   $278.33 
RSUs granted   2,160    11.18 
RSUs vested   (1,566)   243.72 
RSUs forfeited   
-
    
-
 
Unvested Shares at December 31, 2024   2,358   $56.59 
Schedule of Weighted Average Assumptions were Used in Estimating the Grant Date Fair Values

The following weighted average assumptions were used in estimating the grant date fair values in December 31, 2024 and 2023:

 

   December 31, 
   2024   2023 
Fair value of common stock  $10.14   $36.24 
Expected term (in years)   6.02    6.02 
Risk-free rate   3.96%   4.03%
Expected volatility   54.76%   52.85%
Dividend yield   0%   0%
(1) All information has been retroactively adjusted to reflect the 1-for-100 reverse stock split effected on July 3, 2024 and the 1-for-150 reverse stock split effected on February 18, 2025. See Note 7, Capital Structure for details.