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

Stock-based compensation expense reflected in the statement of operations was as follows:

Three Months Ended

Six Months Ended

June 30, 

June 30, 

  ​ ​ ​

2026

  ​ ​ ​

2025

2026

  ​ ​ ​

2025

General and administrative

$

1,223,567

$

270,395

$

1,310,918

$

537,333

Research and development

 

385,088

226,223

 

480,560

459,172

$

1,608,655

$

496,618

$

1,791,478

$

996,505

Schedule of stock option activity

The following table summarizes stock option activity:

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Weighted

  ​ ​ ​

Average

Remaining

Aggregate

Weighted

Contractual

Intrinsic

Number of

Average

Life

Value

Options

Exercise Price

(Years)

(Thousands)

Options outstanding at December 31, 2025

 

2,394,503

$

10.79

6.9

 

$

777

Options granted

777,394

$

3.78

-

Options exercised

(71,426)

$

0.23

116

Options forfeited / canceled

(274,417)

$

3.60

-

Options outstanding at June 30, 2026

 

2,826,054

$

9.82

7.2

 

$

87

Options exercisable at June 30, 2026

2,350,446

$

10.95

6.8

 

$

84