Quarterly report [Sections 13 or 15(d)]

Stock-based Compensation (Tables)

v3.25.3
Stock-based Compensation (Tables)
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense

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

 

    2025     2024     2025     2024  
   

Three Months Ended

September 30,

   

Nine Months Ended

September 30,

 
    2025     2024     2025     2024  
Research and development   $ 110,239     $ 54,018     $ 165,572     $ 130,722  
General and administrative     192,808       100,173       568,434       343,744  
Total   $ 303,047     $ 154,191     $ 734,006     $ 474,466  
Schedule of Restricted Stock Units (“RSUs”) Activity

Activity with respect to our Restricted Stock Units (“RSUs”) during the nine months ended September 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  
Vested and issued     (76,189 )     60.84  
Outstanding at September 30, 2025     279,900       5.45  
Vested and unissued     (253,836 )     5.16  
                 
Unvested at September 30, 2025     26,064     $ 8.23