v3.26.1
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Warrant Activity
A summary of warrants outstanding during the years ended December 31, 2025 and 2024 is presented below:

Quantity of Warrants Outstanding as of
DescriptionDecember 31, 2025December 31, 2024Exercise PriceExpiration Date
Initial Royalty Warrant (1)*
422,804 422,804 $4.10 12/22/2028
September 2023 Warrants (2)*
845,225 845,225 $9.11 3/1/2029
October 2016 Warrants (3)
542 542 $120.00 10/4/2026
Total Warrants Outstanding
1,268,571 1,268,571 
1) Refers to a warrant issued in connection with entering into the royalty interest financing agreement with UiE.
2) Refers to the warrants issued in connection with a registered direct offering the Company completed in September 2023.
3) Refers to a warrant issued in October 2016 to a former financial advisor.
* The warrant includes certain rights in favor of the holder upon a "fundamental transaction" as described in the warrant, including the right of the holder to receive from the Company or the successor entity an amount of cash equal to the Black-Scholes value (as described in the warrants) of the unexercised portion of the warrant on the date of the consummation of such fundamental transaction.
Schedule of Common Stock Reserved for Future Issuance
The following table summarizes common stock reserved for future issuance at December 31, 2025:
Common stock reserved for issuance upon exercise of warrants outstanding1,268,572 
Common stock reserved for issuance upon exercise of options outstanding1,409,042 
Common stock reserved for future equity awards540,043 
Total3,217,657