v3.25.2
Stock Incentive and Employee Benefit Plan (Tables)
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Options Outstanding Activity

The following table summarizes stock option activity during the six months ended June 30, 2025 (in thousands, except for per share amounts and contractual life):

 

 

Options

 

 

Weighted-Average Exercise Price

 

 

Weighted-Average
Remaining Contractual Life,
in years

 

 

Aggregate Intrinsic Value

 

Outstanding as of December 31, 2024

 

1,028

 

 

$

138.23

 

 

 

6.4

 

 

$

—

 

Granted

 

1

 

 

$

4.70

 

 

 

 

 

 

 

Forfeited/Cancelled

 

(19

)

 

$

93.38

 

 

 

 

 

 

 

Outstanding as of June 30, 2025

 

1,010

 

 

$

138.98

 

 

 

5.8

 

 

$

1

 

Vested and expected to vest as of June 30, 2025

 

1,010

 

 

$

138.98

 

 

 

5.8

 

 

$

1

 

Exercisable as of June 30, 2025

 

788

 

 

$

121.00

 

 

 

5.2

 

 

$

—

 
Schedule of Stock Options Valuation Assumption Used

The following assumptions were used in the Black-Scholes option pricing model to estimate stock-based compensation on the date of grant for stock options:

 

 

 

Six Months Ended
June 30, 2025

Stock options:

 

 

Expected dividend yield

 

0.00%

Expected volatility

 

96.30%

Risk-free interest rate

 

4.17%

Term of options (in years)

 

6.25

Employee stock purchase plan:

 

 

Expected dividend yield

 

0.00%

Expected volatility

 

112.87%

Risk-free interest rate

 

4.31%

Expected life (in years)

 

0.49