v3.26.1
Stockholders’ Equity (Tables)
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Warrants Issued and Outstanding

   Warrants Issued and Outstanding   Weighted
Average
Exercise Price
   Exercisable
Date
  Expiration
Date
 
Pre-Funded Warrants   681,748   $0.0001   05/14/2026   NoneB
Placement Agent Warrants   106,796   $2.5750   11/14/2026   5/12/2031A
Private Placement Warrants   2,135,923   $2.2700   11/14/2026   11/13/2031A
    2,924,467   $1.7520         

 

AThese warrants are subject to fair value accounting due to settlement features that may be triggered by a fundamental transaction. See Note 8 for fair value inputs.
B These warrants are classified within equity.
Schedule of Stock Option Activity

A summary of stock option activity under the Plan, during the six months ended June 30, 2026 is presented below:

 

    Options Outstanding 
  

Number of

Shares

  

Weighted-

Average Exercise

Price Per Share

 
Outstanding December 31, 2025   1,296,126   $5.58 
Granted   228,070    3.49 
Exercised   (274)   3.24 
Cancelled or expired   (44,524)   8.98 
Outstanding June 30, 2026   1,479,398   $5.16 
Schedule of Stock-based Compensation

Stock-based compensation relating to stock options was as follows for the three and six months ended June 30, 2026 and 2025:

  

   2026   2025   2026   2025 
   Three Months Ended   Six Months Ended 
   June 30,   June 30, 
   2026   2025   2026   2025 
General and administrative  $203,854   $65,791   $369,330   $139,544 
Research and development   81,406    94,835    178,845    168,832 
Total stock-based compensation  $285,260   $160,626   $548,175   $308,376