v3.26.1
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense
Stock-based compensation expense is presented in the same expense line items as cash compensation paid and for the three and six months ended June 30, 2026 and 2025 is as follows:
Three months ended June 30,Six months ended June 30,
2026202520262025
Research and Development$33,547 $96,117 $105,998 $181,061 
General and Administrative75,763 166,657 212,822 230,329 
Total Stock-Based Compensation Expense$109,310 $262,774 $318,820 $411,390 
Schedule of Weighted Average Assumptions A summary of the Company's assumptions used in determining the fair value of the stock options granted during the six months ended June 30, 2026 and 2025 is shown in the following table:
Six months ended June 30,
20262025
Risk-Free Interest Rate4.12 %3.97 %
Expected Life (years)66
Expected Stock Price Volatility129.8 %136.6 %
Expected Dividend Yield— %— %
Schedule of Stock Option Activity
Following is a summary of stock option activity for the six months ended June 30, 2026:
Number of
Options		Weighted- Average
Exercise Price		Weighted- Average
Remaining
Term in Years
Outstanding at December 31, 2025418,154$8.10 8.78
Granted288,809$2.35 
Expired(10)$13,554.00 
Forfeited(31,087)$2.91 
Outstanding at June 30, 2026675,866$5.68 8.59
Exercisable and vested at June 30, 2026307,073$9.41 9.41
Schedule of Restricted Stock Activity The following is a summary of restricted stock activity for the six months ended June 30, 2026:
Number of
Units		Weighted- Average
Grant Date Fair Value		Weighted- Average
Remaining
Term in Years
Non-vested Outstanding at December 31, 202570,985$4.12 1.86
Awarded43,341$1.98 
Released(15,694)$5.61 
Forfeited(18,354)$3.18 
Non-vested Outstanding at June 30, 202680,278$2.89 1.98