v3.26.1
Preferred Stock and Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2026
Common Stock Warrants and Pre-Funded Warrants [Member]  
Class Of Stock [Line Items]  
Schedule of Warrants to Purchase Common Stock Activity

The following table shows the warrants to purchase common stock activity:

 

 

 

Roll-Forward of Warrant Activity

 

 

 

Common Stock Warrants

 

 

Pre-Funded Warrants

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2025

 

 

15,151,518

 

 

 

36,629,572

 

 

 

51,781,090

 

Balance as of March 31, 2026

 

 

15,151,518

 

 

 

36,629,572

 

 

 

51,781,090

 

Schedule of Company's Outstanding Warrants to Purchase Shares of Common Stock

As of March 31, 2026 the Company’s outstanding warrants to purchase shares of common stock consisted of the following:

 

Date Issued

 

Number of Shares of Common Stock Issuable

 

 

Exercise Price

 

 

Expiration Date

 

 

 

 

 

 

 

 

 

2023 Securities Purchase Agreement common warrants

 

 

15,151,518

 

 

$

3.00

 

 

May 5, 2028

January 2021 pre-funded warrants

 

 

509,117

 

 

$

0.001

 

 

December 31, 2030

2023 Securities Purchase Agreement pre-funded warrants

 

 

3,844,153

 

 

$

0.001

 

 

N/A

2024 Securities Purchase Agreement pre-funded warrants

 

 

7,989,516

 

 

$

0.001

 

 

N/A

2024 Underwritten Offering pre-funded warrants

 

 

4,931,507

 

 

$

0.001

 

 

N/A

2025 Underwritten Offering pre-funded warrants

 

 

15,151,515

 

 

$

0.001

 

 

N/A

2025 Warrant Exchange Agreement

 

 

4,203,764

 

 

$

0.001

 

 

N/A

Balance as of March 31, 2026

 

 

51,781,090

 

 

 

 

 

 

Securities Purchase Agreement [Member]  
Class Of Stock [Line Items]  
Schedule of Assumptions Used in Black-Scholes Option Pricing Model to Determine Fair Value of Common Warrants

The following table presents the assumptions used in the Black-Scholes option pricing model to determine the fair value of the Common Warrants as of March 31, 2026 and December 31, 2025 as follows:

 

 

March 31,
2026

 

 

December 31,
2025

 

 

 

 

 

 

 

 

Expected stock price volatility

 

119.7%

 

 

110.5%

 

Risk-free interest rate

 

3.8%

 

 

3.6%

 

Expected term (in years)

 

2.3

 

 

2.5

 

Share price

 

$

3.08

 

 

$

1.51