v3.25.1
Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of weighted-average assumptions of fair value stock option issued to employees
The fair value of each stock option issued to employees was estimated at the date of grant using the Black-Scholes model with the following weighted-average assumptions:
Three months ended March 31,
20252024
Expected volatility114.1 %108.8 %
Expected term (years)6.06.0
Risk-free interest rate4.4 %4.0 %
Expected dividend yield— %— %
Schedule of share based compensation expense
Share based compensation expense is classified in the unaudited condensed consolidated statements of operations and comprehensive loss as follows (in thousands):
Three months ended March 31,
20252024
Research and development$68 $712 
General and administrative400 903 
Total$468 $1,615