v3.26.1
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Stock-Based Compensation  
Schedule of cost related to stock-based compensation

Total stock-based compensation related to option issuances was as follows:

  ​ ​ ​

Three Months Ended June 30, 

  ​ ​ ​

Six Months Ended June 30, 

(in thousands)

2026

  ​ ​ ​

2025

2026

  ​ ​ ​

2025

Research and development

$

637

$

666

$

1,131

$

1,273

Selling, general and administrative

 

411

 

692

 

783

 

1,331

Total stock-based compensation

$

1,048

$

1,358

$

1,914

$

2,604

Total stock-based compensation related to restricted stock awards and restricted stock units was as follows:

  ​ ​ ​

Three Months Ended June 30, 

  ​ ​ ​

Six Months Ended June 30, 

(in thousands)

2026

  ​ ​ ​

2025

2026

  ​ ​ ​

2025

Research and development

$

490

$

528

$

1,126

$

993

Selling, general and administrative

 

967

 

1,036

 

2,245

 

1,986

Total stock-based compensation

$

1,457

$

1,564

$

3,371

$

2,979

Total stock-based compensation related to warrants was as follows:

  ​ ​ ​

Three Months Ended June 30, 

  ​ ​ ​

Six Months Ended June 30, 

(in thousands)

2026

  ​ ​ ​

2025

2026

  ​ ​ ​

2025

Research and development

$

$

121

$

32

$

241

Selling, general and administrative

 

 

207

 

39

 

391

Total stock-based compensation

$

$

328

$

71

$

632

Schedule of stock option activity

  ​ ​ ​

  ​ ​ ​

Weighted

  ​ ​ ​

Weighted

  ​ ​ ​

Shares

Average

Average

Aggregate

Underlying

Exercise

Remaining

Intrinsic

Options

Price

Term (years)

Value (000s)

Outstanding at January 1, 2026

7,199,571

 

$

6.23

 

7.08

$

1,963

Granted

 

1,602,434

3.85

 

 

Exercised

 

(8,528)

3.72

 

 

6

Forfeited/canceled

 

(308,656)

6.03

 

 

Outstanding June 30, 2026

 

8,484,821

 

$

5.79

 

7.22

$

2,936

Exercisable at June 30, 2026

 

4,969,536

 

$

7.00

 

5.96

$

708

Schedule of restricted stock activity

Restricted Stock

Weighted Average

Awards/Units

Grant Date Fair

Outstanding

Value

Outstanding at January 1, 2026

2,300,651

$

3.95

Granted

1,721,631

3.83

Vested

(504,056)

6.45

Forfeited/canceled

Outstanding June 30, 2026

3,518,226

$

3.55

Schedule of estimated grant-date fair value calculated using Black-Scholes option pricing model

  ​ ​ ​

Six Months Ended June 30, 

 

2026

2025

 

Expected term (in years)

 

6.17

 

6.08

Expected volatility

 

111

%  

80

%

Risk-free interest rate

 

3.88

%  

3.92

%

Expected dividend yield

 

0

%  

0

%

Fair value of common stock

3.27

3.06