Stock-Based Compensation (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Stock-Based Compensation [Abstract] |
|
| Schedule of Restricted Stock Unit Activity |
The following table summarizes
restricted stock unit activity for the six months ended June 30, 2026:
| |
|
Restricted
Stock
Units |
|
|
Weighted
Average
Grant Date
Fair Value |
|
| Non-vested as of December 31, 2025 |
|
|
571,145 |
|
|
$ |
3.57 |
|
| Granted |
|
|
427,180 |
|
|
|
5.02 |
|
| Forfeited |
|
|
(81,082 |
) |
|
|
4.38 |
|
| Vested |
|
|
(217,475 |
) |
|
|
3.38 |
|
| Non-vested as of June 30, 2026 |
|
|
699,768 |
|
|
$ |
4.42 |
|
|
| Schedule of Stock Option Activity |
The following table summarizes
stock option activity for the six months ended June 30, 2026:
| | | Options | | | Weighted
Average
Exercise
Price | | | Weighted
Average
Remaining
Contractual
Term
(years) | | | Aggregate
Intrinsic
Value(1) | | | Outstanding as of December 31, 2025 | | | 5,693,891 | | | $ | 6.30 | | | | 7.51 | | | $ | 8,982 | | | Granted | | | 2,307,560 | | | | 4.89 | | | | | | | | | | | Exercised | | | (215,687 | ) | | | 1.91 | | | | | | | | | | | Forfeited | | | (309,150 | ) | | | 4.57 | | | | | | | | | | | Expired | | | - | | | | - | | | | - | | | | - | | | Outstanding as of June 30, 2026 | | | 7,476,614 | | | $ | 6.06 | | | | 7.66 | | | $ | 2,987 | | | | | | | | | | | | | | | | | | | | | Vested and expected to vest at June 30, 2026 | | | 7,476,614 | | | $ | 6.06 | | | | 7.66 | | | $ | 2,987 | | | Exercisable as of June 30, 2026 | | | 3,668,578 | | | | 7.90 | | | | 6.27 | | | | 1,858 | |
| (1) | Aggregate intrinsic value represents the difference between the exercise
price of the option and the closing market price of our common stock on December 31, 2025 and June 30, 2026, respectively. The intrinsic
value of options exercised during the six months ended June 30, 2026 was $485. |
|
| Schedule of Stock-Based Compensation Costs |
The following tables summarize
total stock-based compensation costs recognized:
| | |
For the Three
Months Ended
June 30, | | |
For the Six
Months Ended
June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Stock options | |
$ | 1,090 | | |
$ | 736 | | |
$ | 2,135 | | |
$ | 1,448 | |
| Restricted stock units | |
| 294 | | |
| 167 | | |
| 611 | | |
| 288 | |
| Total | |
$ | 1,384 | | |
$ | 903 | | |
$ | 2,746 | | |
$ | 1,736 | |
|
| Schedule of Stock-Based Compensation Expense |
Stock-based compensation
expense was reflected within the condensed consolidated statements of operations and comprehensive loss as:
| | |
For the Three
Months Ended
June 30, | | |
For the Six
Months Ended
June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| General and administrative | |
$ | 1,020 | | |
$ | 677 | | |
$ | 1,970 | | |
$ | 1,318 | |
| Research and development | |
| 364 | | |
| 226 | | |
| 776 | | |
| 418 | |
| Total | |
$ | 1,384 | | |
$ | 903 | | |
$ | 2,746 | | |
$ | 1,736 | |
|