v3.25.2
Stock Incentive Plan (Tables)
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Payment Arrangement, Option, Activity
The following table summarizes information regarding activity in the 2024 Equity Incentive Plan during the six months ended June 30, 2025:
 Number of
Options		Weighted-
Average
Exercise Price		Weighted-Average
Remaining
Contractual
Life (years)
Outstanding, January 1, 2025 (1)
1,955,000$0.75 9.5
Granted under the 2024 Incentive Plan1,566,000$0.67 
Cancelled(200,001)$0.75 
Outstanding, June 30, 2025
3,320,999 $0.71 9.1
Exercisable as of June 30, 2025
1,002,070 $0.73 8.3
Vested and expected to vest as of June 30, 2025
3,320,999 $0.71 9.1
(1) The options outstanding as of December 31, 2024 were revised by 264,000 from the amount previously reported on the Annual Report on Form 10-K for the year ended December 31, 2024. The effect on stock-based compensation was immaterial.
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions
The determination of the fair value of options granted during the three and six months ended June 30, 2025 is computed using the Black-Scholes option pricing model with the following weighted-average assumptions:

Stock price per share$0.67 
Expected option term (years)5.5
Expected volatility71.2 %
Risk-free rate of return4.0 %
Expected annual dividend yield— %
Schedule of Share-Based Payment Arrangement, Expensed and Capitalized, Amount
The following table shows stock-based compensation expense by functional area in the condensed consolidated statements of operations and comprehensive loss for the three and six months ended June 30, 2025 and 2024:
Three Months Ended
June 30,		Six Months Ended
June 30,
 2025202420252024
Research and development$11,553 $— $28,296 $13,950 
Selling, general and administrative207,657 — 291,630 25,034 
$219,210 $— $319,926 $38,984