v3.26.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2026
Stock-Based Compensation  
Schedule of stock-based compensation expense

Stock-based compensation expense reflected in the statement of operations was as follows:

Three Months Ended

March 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

General and administrative

$

87,351

$

266,937

Research and development

 

95,472

232,950

$

182,823

$

499,887

Schedule of stock option activity

The following table summarizes stock option activity:

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Weighted

  ​ ​ ​

Average

Remaining

Aggregate

Weighted

Contractual

Intrinsic

Number of

Average

Life

Value

Options

Exercise Price

(Years)

(Thousands)

Options exercisable at December 31, 2025

 

2,394,503

$

10.79

6.9

 

$

777

Options granted

30,000

$

2.28

-

Options exercised

$

-

-

Options forfeited / canceled

(187,084)

$

2.34

18

Options outstanding at March 31, 2026

 

2,237,419

$

11.38

6.2

 

$

255

Options exercisable at March 31, 2026

2,086,776

$

11.80

6.0

 

$

248