v3.26.1
Stock Compensation Plan (Tables)
3 Months Ended
Mar. 31, 2026
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, 2025

 

 

808,000

 

 

$

3.06

 

 

 

7.3

 

 

$

2,020,050

 

Forfeited

 

 

(13,165

)

 

$

6.16

 

 

 

 

 

 

 

Outstanding as of March 31, 2026

 

 

794,835

 

 

$

3.00

 

 

 

7.0

 

 

$

1,459,260

 

Exercisable as of March 31, 2026

 

 

626,543

 

 

$

2.16

 

 

 

6.3

 

 

$

1,459,260

 

Vested or expected to vest as of March 31, 2026

 

 

794,835

 

 

$

3.00

 

 

 

7.0

 

 

$

1,459,260

 

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, 2025

 

 

4,169,955

 

 

$

5.68

 

Vested

 

 

(495,831

)

 

$

5.68

 

Forfeited

 

 

(44,324

)

 

$

6.16

 

Unvested as of March 31, 2026

 

 

3,629,800

 

 

$

5.36

 

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 March 31,

 

 

 

2026

 

 

2025

 

Selling, general and administrative

 

$

4,162

 

 

$

1,819

 

Research and development

 

 

250

 

 

 

71

 

Total

 

$

4,412

 

 

$

1,890