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Stock Based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Based Compensation Expense

Stock based compensation has been reported within expense line items on the consolidated statement of operations for the three and six months ended June 30, 2025 and 2024 as shown in the following table (in $000s):

 

   2025   2024   2025   2024 
   Three Months Ended   Six Months Ended 
   June 30,   June 30, 
   2025   2024   2025   2024 
General and administrative  $2   $168   $1,595   $321 
Research and development   5   $21    78    71 
Stock-based compensation costs  $7   $189   $1,673   $392 
Schedule of Assumptions Used for Fair Value of the Stock Options Granted Using Black-Scholes Option-Pricing Model

The fair value of the stock options granted is calculated using the Black-Scholes option-pricing model as prescribed by ASC 718 using the following assumptions:

 

    Six months ended     Six months ended  
    June 30, 2025     June 30, 2024  
Expected term (years)     5 - 10       6  
Risk free interest rate     4.060%  – 4.250 %     3.995 %
Volatility     100% – 107 %     93 %
Expected dividend yield over expected term     0.00 %     0.00 %
Resulting weighted average grant date fair value   $ 70.79     $ 424.80  
Schedule of Share Option Activity

A summary of the share option activity and related information is as follows:

 

           Weighted     
       Weighted   Average     
   Number of   Average   Remaining   Aggregate 
   Options   Exercise Price    Contractual   Intrinsic 
   Outstanding  

Per Share

   Term (Years)   Value ($000) 
Options outstanding at December 31, 2024   494   $10,658.40    7.20   $ 
Granted   24,812   $78.92       $ 
Exercised      $       $ 
Cancelled/forfeited   (200)  $3,950.49       $ 
Options outstanding at June 30, 2025   25,106   $211.19    9.57   $4,142 
                     
Unvested at June 30, 2025   20   $2,094.84    8.00   $ 
Vested and exercisable at June 30, 2025   25,086   $209.69    9.57   $4,142 
Schedule of Restricted Stock Units Activity

Summarized information for restricted stock units as of June 30, 2025 is as follows:

 

       Weighted  Weighted  
   Restricted   Average  Average  
   Stock Units   Grant Date  Remaining  
   Outstanding   Value Per Share  Term  
               
Unvested at June 30, 2025   10   $3,240.00    7.59 years  
                   
Vested at June 30, 2025      $-    -  
Restricted Stock Units outstanding at June 30, 2025   10   $3,240.00    7.59 years