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Stock-Based Compensation Expense (Tables)
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Restricted Stock Unit Activity

A summary of the restricted stock unit activity under the Plans for the nine months ended September 30, 2025 was as follows:

 

 

Shares

 

 

Weighted-
Average
Grant Date Fair Value

 

Unvested restricted stock units outstanding as of December 31, 2024

 

 

42,865

 

 

$

132.09

 

Granted

 

 

62,020

 

 

$

9.86

 

Vested

 

 

(34,182

)

 

$

67.10

 

Forfeited

 

 

(11,821

)

 

$

210.07

 

Unvested restricted stock units outstanding as of September 30, 2025

 

 

58,882

 

 

$

25.41

 

Summary of Stock Option Activity Under Plans

A summary of the stock option activity under the Plans for the nine months ended September 30, 2025 was as follows:

 

 

Shares

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Life
(in years)

 

 

Aggregate
Intrinsic
Value
(in thousands)

 

Outstanding at December 31, 2024

 

 

126,255

 

 

$

283.02

 

 

 

7.5

 

 

$

 

Cancelled

 

 

(57,697

)

 

$

375.57

 

 

 

 

 

 

 

Outstanding at September 30, 2025

 

 

68,558

 

 

$

205.13

 

 

 

5.9

 

 

$

 

 

Schedule of Stock-Based Compensation Expense

Stock-based compensation expense included in the Company’s condensed consolidated statements of operations and comprehensive loss was as follows (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Research and development

 

$

247

 

 

$

214

 

 

$

760

 

 

$

627

 

General and administrative

 

 

(213

)

 

 

1,277

 

 

 

1,013

 

 

 

4,150

 

Total

 

$

34

 

 

$

1,491

 

 

$

1,773

 

 

$

4,777