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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Weighted-Average Assumptions Used for Stock Options Granted

The following weighted-average assumptions were used for stock options granted during the years ended December 31, 2024 and 2023:

 

      2023 
   Year ended December 31, 
   2024   2023 
Weighted average risk-free rate   4.44%   3.82%
Weighted average volatility   98.09%   95.15%
Dividend yield   0%   0%
Expected term   6.04 years    5.44 years 
Schedule of Stock Option Activity

The following table summarizes stock option activity for the years ended December 31, 2024 and 2023 (in thousands except for per-share and remaining contractual life data):

 

   Outstanding
Options
   Weighted
Average Exercise
Price per Share
   Weighted
Average
Remaining
Contractual
Life (in years)
   Aggregate Intrinsic
Value
 
Outstanding January 1, 2023   359   $57    7.57   $- 
Granted   237    4           
Cancelled   (207)   19           
Outstanding December 31, 2023   389    45    7.04    - 
Granted   2,488    2           
Cancelled   (248)   8           
Outstanding December 31, 2024   2,629   $8    8.77   $- 
                     
Options vested and exercisable at December 31, 2024   257   $61    5.58   $- 
Schedule of RSU Activity

The following table summarizes RSU activity for the years ended December 31, 2024 and 2023 (in thousands except for per-share data):

 

   Outstanding
Restricted
Stock Units
   Weighted
Average Fair
Value per Share
 
January 1, 2023   4   $236 
Cancelled   (3)   199 
December 31, 2023   1    322 
Cancelled   -   - 
December 31, 2024   1   $322 
           
Balance expected to vest at December 31, 2024   1   $322 

Schedule of Stock-Based Compensation Expense

For the years ended December 31, 2024 and 2023, the Company recognized stock-based compensation expense as follows (in thousands):

 

   2024   2023 
   Years ended December 31, 
   2024   2023 
Research and development  $89   $234 
General and administrative   1,431    1,008 
Total  $1,520   $1,242