Quarterly report [Sections 13 or 15(d)]

Stock-based Compensation (Tables)

v3.25.2
Stock-based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense

We recorded stock-based compensation expense for the three and six months ended June 30, 2025 and 2024 as follows:

 

    2025     2024     2025     2024  
    Three Months Ended June 30,     Six Months Ended June 30,  
    2025     2024     2025     2024  
Research and development   $ 8,613     $ 45,583     $ 55,333     $ 76,704  
General and administrative     194,635       107,049       375,626       243,571  
Total   $ 203,248     $ 152,632     $ 430,959     $ 320,275  
Schedule of Restricted Stock Units (“RSUs”) Activity

Activity with respect to our Restricted Stock Units (“RSUs”) during the six months ended June 30, 2025 was as follows:

 

    Number of
shares
    Weighted-
average
grant-date fair
value per share
 
Outstanding at January 1, 2025     383,636     $ 19.87  
Granted     -       -  
Forfeited     (27,547 )     53.08  
Issued     (74,804 )     58.78  
Outstanding at June 30, 2025     281,285       6.27  
Vested and unissued     (229,905 )     5.47  
                 
Unvested at June 30, 2025     51,380     $ 9.84