v3.26.1
Stock Options (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Payment Arrangement, Expensed and Capitalized, Amount
Stock-based compensation expense recognized for options was as follows:
For the Three Months Ended June 30,
For the Six Months Ended June 30,
2026
2025
2026
2025
Research and development
$
1,575 
$
— 
$
1,880 
$
611 
General and administrative
9,830 
16,031 
15,674 
45,822 
Total
$
11,405 
$
16,031 
$
17,554 
$
46,433 
Schedule of Options Outstanding and Exercisable
The following table summarizes information about options outstanding and exercisable at June 30, 2026:
Options Outstanding
Options Exercisable
Exercise Price
Number of Options at June 30, 2026
Weighted Average Remaining Contractual Life
Weighted Average Exercise Price
Number of Options Exercisable at June 30, 2026
Weighted Average Remaining Contractual Life
Weighted Average Exercise Price
$
0.21 
514,684 
9.8 years
$
0.21 
— 
9.8 years
$
0.21 
$
0.29 
134,084 
9.5 years
$
0.29 
50,197 
9.5 years
$
0.29 
$
340.20 
2,903 
4.7 years
$
340.20 
2,903 
4.7 years
$
340.20 
$
413.59 
200 
7.2 years
$
413.59 
142 
7.2 years
$
413.59 
651,871 
53,242 
Schedule of Stock Option Activity
Total stock option activity for the six months ended June 30, 2026, is summarized as follows:
Options
Weighted Average Exercise Price
Weighted Average Remaining Contractual Term (years)
Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2025
139,922 
$
12.10 
9.7 years
— 
Granted
514,684 
0.21 
9.8 years
— 
Exercised
— 
— 
— 
— 
Forfeited
(2,735)
— 
— 
— 
Outstanding at June 30, 2026
651,871 
$
1.87 
9.7 years
— 
Vested and Exercisable at June 30, 2026
53,242 
19.92
9.2 years
—