Stock-Based Compensation (Tables)
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6 Months Ended |
12 Months Ended |
Jun. 30, 2026 |
Dec. 31, 2025 |
| Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions and Methodology [Abstract] |
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| Schedule of the Black-Scholes Option-Pricing Model |
The fair value of each stock option award is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:
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Six Months Ended June 30, |
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0.00% |
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0.00% |
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28.8% |
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36.2% |
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4.1% |
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4.1% |
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5.9 |
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5.7 |
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The fair value of each stock option award is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:
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0.00% |
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0.00% |
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34.9% |
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39.7% |
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4.1% |
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4.2% |
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5.7 |
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6.9 |
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| Schedule of Stock Option |
A summary of stock option activity is as follows:
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Weighted-average exercise price |
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Weighted-average remaining contractual term (years) |
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Outstanding - December 31, 2025 |
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1,137,387 |
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$ |
1.05 |
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9.4 |
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791,500 |
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$ |
4.58 |
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(10,000 |
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$ |
1.31 |
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| Forfeited or expired |
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- |
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$ |
- |
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| Outstanding - June 30, 2026 |
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1,918,887 |
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$ |
2.51 |
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9.3 |
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$ |
11,481,126 |
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| Exercisable - June 30, 2026 |
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728,731 |
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$ |
1.58 |
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7.8 |
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$ |
5,032,162 |
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A summary of stock option activity is as follows:
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Weighted-average exercise price |
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Weighted-average remaining contractual term (years) |
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Outstanding - December 31, 2023 |
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635,000 |
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$ |
0.46 |
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9.4 |
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542,500 |
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$ |
1.31 |
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(10,000) |
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$ |
0.00 |
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(90,000) |
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$ |
1.02 |
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Outstanding - December 31, 2024 |
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1,077,500 |
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$ |
0.85 |
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10.0 |
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263,000 |
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$ |
1.32 |
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(7,800) |
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$ |
1.31 |
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(195,313) |
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$ |
0.28 |
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Outstanding - December 31, 2025 |
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1,137,387 |
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$ |
1.05 |
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9.4 |
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$ |
304,006 |
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Exercisable - December 31, 2025 |
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520,847 |
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$ |
0.84 |
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7.94 |
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$ |
251,094 |
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| Schedule of Restricted Stock Award |
A summary of restricted stock award activity for the six months ended June 30, 2026, is as follows:
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Weighted-Average Grant-Date Fair Value |
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Nonvested - December 31, 2025 |
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171,875 |
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$ |
0.0001 |
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(93,750) |
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$ |
0.0001 |
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| Nonvested - June 30, 2026 |
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78,125 |
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$ |
0.0001 |
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A summary of restricted stock award activity for the year ended December 31, 2025 is as follows:
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Weighted-Average Grant-Date Fair Value |
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Nonvested - January 1, 2025 |
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359,375 |
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$ |
0.0001 |
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Vested |
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(187,500) |
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$ |
0.0001 |
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Nonvested - December 31, 2025 |
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171,875 |
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$ |
0.0001 |
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| Schedule of Stock Based Compensation Expense |
Stock based compensation expense is included in the unaudited condensed consolidated statements of operations and comprehensive loss as follows:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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| Research and development |
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$ |
23,855 |
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$ |
23,679 |
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$ |
47,481 |
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$ |
38,114 |
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| General and administrative |
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227,419 |
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10,891 |
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243,434 |
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17,420 |
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| Total stock-based compensation |
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$ |
251,274 |
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$ |
34,570 |
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$ |
290,915 |
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$ |
55,534 |
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Stock based compensation expense is included in the consolidated statements of operations and comprehensive loss as follows:
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81,015 |
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$ |
68,281 |
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General and administrative |
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43,832 |
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27,732 |
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Total stock-based compensation |
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$ |
124,847 |
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$ |
96,013 |
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