v3.26.1
Share-based Compensation Plans (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of share-based compensation expense

The following table provides share-based compensation reflected in the Company’s condensed consolidated statements of operations and comprehensive loss for the three and six months ended June 30, 2026 and 2025 (in thousands):

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Research and development

 

$

 

 

$

12

 

 

$

 

 

$

24

 

General and administrative

 

 

51

 

 

 

102

 

 

 

109

 

 

 

204

 

 

$

51

 

 

$

114

 

 

$

109

 

 

$

228

 

Schedule of stock option activity

A summary of stock option activity for the six months ended June 30, 2026, is as follows:

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

Average

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Intrinsic

 

 

 

Number

 

 

Exercise

 

 

Contractual

 

 

Value (in

 

 

 

of Options

 

 

Price

 

 

Term (Years)

 

 

thousands)

 

Outstanding as of December 31, 2025

 

 

297,762

 

 

$

149.73

 

 

 

4.9

 

 

$

 

Granted

 

 

 

 

$

 

 

 

 

 

 

 

Exercised

 

 

 

 

$

 

 

 

 

 

 

 

Cancelled or forfeited

 

 

(17,385

)

 

$

203.72

 

 

 

 

 

 

 

Outstanding as of June 30, 2026

 

 

280,377

 

 

$

146.38

 

 

 

4.7

 

 

$

31

 

Exercisable at June 30, 2026

 

 

225,791

 

 

$

177.20

 

 

 

4.0

 

 

$

17

 

Summary of RSA activity

 

 

 

 

 

Weighted Average

 

 

 

Number

 

 

Grant Date

 

 

 

of Shares

 

 

Fair Value

 

Unvested as of December 31, 2025

 

 

104,078

 

 

$

2.57

 

Granted

 

 

 

 

 

 

Vested

 

 

(30,048

)

 

 

2.52

 

Forfeited

 

 

 

 

 

 

Unvested as of June 30, 2026

 

 

74,030

 

 

$

2.60