Stock-based Compensation (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| Schedule of Stock-based Compensation Expense |
We
recorded stock-based compensation expense for the years ended December 31, 2025 and 2024 as follows:
Schedule of Stock-based Compensation Expense
| |
|
2025 |
|
|
2024 |
|
| |
|
Year
Ended
December 31, |
|
| |
|
2025 |
|
|
2024 |
|
| Research and development |
|
$ |
192,630 |
|
|
$ |
169,414 |
|
| General and administrative |
|
|
664,920 |
|
|
|
460,100 |
|
| Total |
|
$ |
857,550 |
|
|
$ |
629,514 |
|
|
| Share-Based Payment Arrangement, Option [Member] |
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| Schedule of Stock Option Activity |
The
following table summarizes our stock option activity during the years ended December 31, 2024 and 2025:
Schedule
of Stock Option Activity
| |
|
Total
options
Outstanding |
|
|
Weighted
average
exercise price |
|
|
Weighted
average
remaining
contractual life
(in years) |
|
| Outstanding as of January 1, 2024 |
|
|
302 |
|
|
$ |
9,080.65 |
|
|
|
|
|
| Options granted |
|
|
- |
|
|
|
|
|
|
|
|
|
| Forfeited
or expired |
|
|
(190 |
) |
|
|
8,400.00 |
|
|
|
|
|
| Outstanding as of December 31, 2024 |
|
|
112 |
|
|
|
10,235.31 |
|
|
|
3.7 |
|
| Options granted |
|
|
136,260 |
|
|
|
5.03 |
|
|
|
|
|
| Forfeited
or expired |
|
|
- |
|
|
|
|
|
|
|
|
|
| Outstanding as of December 31, 2025 |
|
|
136,372 |
|
|
|
13.43 |
|
|
|
9.8 |
|
| Exercisable as of December 31, 2025 |
|
|
112 |
|
|
$ |
10,235.31 |
|
|
|
2.7 |
|
|
| Schedule of Stock Option Assumptions |
We
used the Black-Scholes option pricing model to calculate the grant date fair value of the stock options granted in 2025 with the following
assumptions:
Schedule
of Stock Option Assumptions
| Average risk-free rate of interest |
|
|
4.1 |
% |
| Expected term (years) |
|
|
10.0 |
|
| Expected stock price volatility |
|
|
138.3 |
% |
| Dividend yield |
|
|
0.0 |
% |
|
| Restricted Stock Units (RSUs) [Member] |
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| Schedule of Restricted Stock Units (“RSUs”) Activity |
The
following table summarizes our restricted stock unit (RSU) activity during the years ended December 31, 2024 and 2025:
Schedule of Restricted Stock Units (“RSUs”) Activity
| |
|
Number
of
shares |
|
|
Weighted-
average
grant-date fair
value per share |
|
| Outstanding at January 1, 2024 |
|
|
8,957 |
|
|
$ |
1,152.30 |
|
| Granted |
|
|
7,704 |
|
|
|
40.76 |
|
| Forfeited |
|
|
(572 |
) |
|
|
1,821.92 |
|
| Vested and issued |
|
|
(695 |
) |
|
|
2,771.56 |
|
| Outstanding at December 31, 2024 |
|
|
15,394 |
|
|
|
498.04 |
|
| Granted |
|
|
45,420 |
|
|
|
5.02 |
|
| Forfeited |
|
|
(1,110 |
) |
|
|
1,324.25 |
|
| Vested and issued |
|
|
(3,063 |
) |
|
|
1,523.96 |
|
| |
|
|
|
|
|
|
|
|
| Outstanding at December 31, 2025 |
|
|
56,641 |
|
|
|
31.02 |
|
| Vested and unissued |
|
|
(10,338 |
) |
|
|
129.29 |
|
| |
|
|
|
|
|
|
|
|
| Unvested at December 31, 2025 |
|
|
46,303 |
|
|
$ |
9.08 |
|
|
| Warrant [Member] |
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| Schedule of Warrants Activity |
The
following table summarizes our warrant activity, excluding pre-funded warrants, during the years ended December 31, 2024 and 2025:
Schedule of Warrants Activity
| |
|
Total
warrants
outstanding
|
|
|
Weighted
average
exercise price |
|
|
Weighted
average
remaining contractual
life (in years) |
|
| Outstanding as of January 1, 2024 |
|
|
6,924 |
|
|
$ |
635.29 |
|
|
|
|
|
| Exercisable |
|
|
300 |
|
|
|
185.00 |
|
|
|
|
|
| Granted |
|
|
64,713 |
|
|
|
113.58 |
|
|
|
|
|
| Expired
or cancelled |
|
|
(900 |
) |
|
|
1,365.56 |
|
|
|
|
|
| Outstanding and exercisable as of December 31, 2024 |
|
|
71,037 |
|
|
|
148.87 |
|
|
|
3.8 |
|
| Granted |
|
|
1,647,841 |
|
|
|
9.22 |
|
|
|
|
|
| Exercised |
|
|
(281,747 |
) |
|
|
6.25 |
|
|
|
|
|
| Expired
or cancelled |
|
|
- |
|
|
|
- |
|
|
|
|
|
| Outstanding and exercisable as of December
31, 2025 |
|
|
1,437,131 |
|
|
$ |
16.71 |
|
|
|
3.9 |
|
|