v3.26.1
Stock-based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Stock Option Activity

The activity for the Company’s 2024 Plan, 2014 Plan, and 2015 Plan, for the six months ended June 30, 2026, is summarized as follows:

 

 

 

Number of
Shares

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Life (in years)

 

 

Aggregate
Intrinsic
Value ($000)

 

Outstanding — December 31, 2025

 

 

443,651

 

 

$

37.38

 

 

 

6.49

 

 

$

 

Granted

 

 

35,000

 

 

$

5.48

 

 

 

 

 

 

 

Forfeited/Cancelled

 

 

(4,396

)

 

$

317.15

 

 

 

 

 

 

 

Outstanding — June 30, 2026

 

 

474,255

 

 

$

32.44

 

 

 

6.23

 

 

$

3

 

Exercisable — June 30, 2026

 

 

330,536

 

 

$

42.14

 

 

 

5.23

 

 

$

 

Vested or expected to vest — June 30, 2026

 

 

474,255

 

 

$

32.44

 

 

 

6.23

 

 

$

3

 

Schedule of Restricted Stock Units ("RSU") Activity

Restricted stock unit (“RSU”) activity under the 2024 Plan, 2014 Plan, and 2015 Plan for the six months ended June 30, 2026, is summarized as follows:

 

 

Number of
Shares

 

 

Weighted
Average
Grant Date
Fair Value
Per Share

 

Non-vested at December 31, 2025

 

 

332,974

 

 

$

11.66

 

Granted

 

 

290,747

 

 

$

5.83

 

Vested

 

 

(159,617

)

 

$

11.93

 

Expired

 

 

(25,000

)

 

$

13.92

 

Non-vested at June 30, 2026

 

 

439,104

 

 

$

7.57

 

Stock-Based Compensation Expense Related to Stock Options Stock-based compensation expense related to stock awards is included in the following line items in the accompanying unaudited condensed consolidated statements of operations (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Research and development

 

$

96

 

 

$

202

 

 

$

191

 

 

$

417

 

Selling, general and administrative

 

 

472

 

 

 

618

 

 

 

957

 

 

 

1,222

 

Total stock-based compensation expense

 

$

568

 

 

$

820

 

 

$

1,148

 

 

$

1,639