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Stock Option Plan (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Stock Option Plan [Abstract]    
Schedule of Activity Under the Plan is Set Forth

Activity under the Plan is set forth below:

 

Options Outstanding

Stock Option Activity

 

Shares
Available for
Grant

 

Number of
Options

 

Weighted-
Average
Exercise Price
Per Share

 

Weighted-
Average
Remaining
Contractual
Term
(in years)

Balances at January 1, 2025

 

1,560,091

 

 

2,972,055

 

 

$

0.40

 

3.00

Options granted

 

(1,560,091

)

 

1,560,091

 

 

$

1.26

   

Options exercised

 

 

 

 

 

$

   

Options expired

 

 

 

 

 

$

   

Options cancelled/forfeited

 

11,896

 

 

(11,896

)

 

$

0.63

   

Balances at June 30, 2025

 

11,896

 

 

4,520,250

 

 

$

0.70

 

6.48

Exercisable at June 30, 2025

   

 

 

2,364,814

 

 

$

1.04

 

5.48

Vested and expected to vest at June 30, 2025

   

 

 

4,520,250

 

 

 

0.70

 

6.48

 

Options Outstanding

Stock Option Activity

 

Shares
Available for
Grant

 

Number of
Options

 

Weighted-
Average
Exercise Price
Per Share

 

Weighted-
Average
Remaining
Contractual
Term
(in years)

Balances at December 31, 2023

 

1,550,091

 

2,982,055

 

 

$

0.40

 

3.70

Options granted

 

 

 

 

$

   

Options exercised

 

 

 

 

$

   

Options expired

 

10,000

 

(10,000

)

 

$

0.001

   

Options cancelled/forfeited

 

 

 

 

$

   

Balances at June 30, 2024

 

1,560,091

 

2,972,055

 

 

$

0.40

 

3.53

Exercisable at June 30, 2024

     

1,464,429

 

 

$

0.49

 

4.88

Vested and expected to vest at June 30, 2024

     

2,972,055

 

 

 

0.40

 

3.53

Activity under the Plan is set forth below:

 

Options Outstanding

Stock Option Activity

 

Shares
Available
for Grant

 

Number of
Options

 

Weighted-
Average
Exercise
Price Per
Share

 

Weighted-
Average
Remaining
Contractual
Term
(in years)

Balances at January 1, 2024

 

1,550,091

 

2,982,055

 

 

$

0.40

 

3.70

Options granted

 

 

 

 

$

   

Options exercised

 

 

 

 

$

   

Options expired

 

10,000

 

(10,000

)

 

$

0.001

   

Options cancelled/forfeited

 

 

 

 

$

   

Balances at December 31, 2024

 

1,560,091

 

2,972,055

 

 

$

0.40

 

3.00

Exercisable at December 31, 2024

     

1,548,910

 

 

$

0.49

 

4.32

Vested and expected to vest at December 31, 2024

     

2,972,055

 

 

 

0.40

 

3.00

Schedule of Stock Compensation Expense by Function Recognized for the Years

The following table is a summary of stock compensation expense by function recognized for the three and six months ended June 30, 2025 and 2024 (in thousands):

 

Six months ended
June 30,

   

2025

 

2024

General Administrative

 

$

33

 

$

4

Research and development

 

 

54

 

 

7

   

$

87

 

$

11

 

Three months ended
June 30,

   

2025

 

2024

General Administrative

 

$

31

 

$

2

Research and development

 

 

51

 

 

4

   

$

82

 

$

6

The following table is a summary of stock compensation expense by function recognized for the years ended December 31, 2024 and 2023 (in thousands):

 

Years ended
December 31,

   

2024

 

2023

General Administrative

 

$

7

 

$

10

Research and development

 

 

14

 

 

23

   

$

21

 

$

33