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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Stock-Based Compensation  
Schedule of stock-based compensation expense

Stock-based compensation expense reflected in the statement of operations was as follows:

Three Months Ended

Six Months Ended

June 30, 

June 30, 

    

2025

    

2024

2025

    

2024

General and administrative

$

270,395

$

997,779

$

537,333

$

1,233,519

Research and development

 

226,223

598,733

 

459,172

727,758

$

496,618

$

1,596,512

$

996,505

$

1,961,277

Schedule of stock option activity

The following table summarizes stock option activity:

    

    

    

Weighted

    

Average

Remaining

Aggregate

Weighted

Contractual

Intrinsic

Number of

Average

Life

Value

Options

Exercise Price

(Years)

(Thousands)

Options outstanding at December 31, 2024

 

2,336,020

$

11.39

7.3

$ 1,298

Options granted

20,000

$

1.64

Options expired

(92,562)

$

10.12

Options outstanding at June 30, 2025

 

2,263,458

$

11.36

7.0

 

$ 274

Options exercisable at June 30, 2025

1,912,281

$

12.34

6.8

 

$ 264