v3.25.2
STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF STOCK BASED COMPENSATION

The following table summarizes stock-based compensation expense (in thousands):

 

   2025   2024   2025   2024 
  

For the three months ended June 30,

  

For the six months ended June 30,

 
   2025   2024   2025   2024 
                 
Research and development  $232   $224   $902   $570 
Selling, general and administrative   2,598    1,099    4,629    2,299 
Total stock-based compensation expense  $2,830   $1,323   $5,531   $2,869 
SCHEDULE OF STOCK OPTION ACTIVITY

The following table summarizes stock option activity during the six months ended June 30, 2025:

 

   Number of Options   Weighted Average Exercise Price   Weighted
Average Remaining Contractual
Term (years)
  

Aggregate Intrinsic

Value
(in thousands)

 
                 
Outstanding at December 31, 2024   176,587   $38.64    5.83   $6 
Granted      $       $ 
Cancelled/forfeited   (439)  $16.49       $ 
Exercised      $       $ 
Outstanding at June 30, 2025   176,148   $38.70    5.35   $6 
Exercisable   172,830   $39.11    5.32   $5 
Unvested   3,318   $17.33    6.50   $1 
SCHEDULE OF RESTRICTED STOCK AWARD ACTIVITY

The following table summarizes restricted stock award activity during the six months ended June 30, 2025:

 

   

Number of

Awards

    Weighted
Average Grant
Date Fair Value
Per Unit
 
             
Outstanding at December 31, 2024     3,320,811     $ 4.60  
Granted     2,139,328     $ 5.29  
Cancelled/forfeited     (44,525 )   $ 5.10  
Vested     (500,780 )   $ 4.72  
Outstanding at June 30, 2025     4,914,834     $ 4.88