Stock Option Plan (Tables)

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Share-Based Compensation Expense on All Employee and Non-Employee Awards

The following table presents share-based compensation expense on all employee and non-employee awards included in the accompanying statements of operations as follows:

	For the years ended December 31,
(in thousands)	2025		2024
Research and development	$	210	$	17
General and administrative		586		418
Stock-based compensation expense	$	796	$	435

Stock Option Activity Under Stock Option Plan

Stock option activity under the Company's stock options plans for the years ending December 31, 2025 and 2024 were as follows:

(in thousands, except share and per share data)	Number of Shares			Weighted- Average Exercise Price		Weighted- Average Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding, December 31, 2024		33,237		$	153.79		7.15	$	—
Granted		196,580			4.33
Exercised		-			-
Cancelled		(7,332	)		176.07
Outstanding, December 31, 2025		222,485		$	23.98		9.04	$	31
Options exercisable, December 31, 2025		96,435		$	49.11		8.54	$	31
Options available for future grant, December 31, 2025		953,496

Assumptions for Volatility, Expected Life, Dividend Yield and Risk-Free Interest Rate

The assumptions for volatility, expected life, dividend yield and risk-free interest rate are presented in the table below:

	For the years ended December 31,
	2025	2024
Risk-free interest rate	4.05-4.15%	3.70 - 4.09%
Expected life in years	5.04-6.06	5.04-6.06
Expected volatility	113.26-127.03%	112.17 -170.50%
Expected dividend yield	—%	—%