Stock Compensation Plan (Tables)

6 Months Ended

Jun. 30, 2025

Stock Compensation Plan

Schedule of Company's Stock Options

The following table sets forth the activity for the Company’s stock options during the periods presented:


		Number of Options				Weighted- Average Exercise Price per Share				Weighted Average Remaining Contractual Term (in Years)				Aggregate Intrinsic Value
Outstanding as of December 31, 2024			2,731,000			$	1.90				7.4			$	7,171,930
Granted			—			$	—
Forfeited			(300,000	)		$	2.00
Outstanding as of June 30, 2025			2,431,000			$	1.89				6.9			$	13,292,660
Exercisable as of June 30, 2025			2,429,519			$	1.89				6.9			$	13,284,722
Vested or expected to vest as of June 30, 2025			2,431,000			$	1.89				6.9			$	13,292,660

Schedule of Summarizes Vesting of Restricted Common Stock

The following table summarizes vesting of restricted common stock:


		Number of Shares				Weighted Average Grant Date Fair Value Per Share
Unvested as of December 31, 2024			2,814,703			$	3.24
Granted			2,923,783			$	6.55
Vested			(984,330	)		$	4.73
Unvested as of June 30, 2025			4,754,156			$	4.97

Schedule of Stock-Based Compensation Expense

Stock-based compensation expense for all stock awards recognized in the accompanying consolidated statements of operations and comprehensive loss is as follows:


		Three Months Ended June 30,								Six Months Ended June 30,
		2025				2024				2025				2024
Selling, general and administrative		$	4,379,090			$	2,436,295			$	6,198,189			$	4,066,886
Research and development			50,587				81,721				121,189				164,784
Total		$	4,429,677			$	2,518,016			$	6,319,378			$	4,231,670