Preferred and Common Stock (Tables)

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

Schedule of Assumptions Used in Black Scholes Model

The assumptions used in the Black-Scholes model were as follows:

Exercise price	$	2.67
Fair value of common stock	$	2.57
Volatility		81.93	%
Expected term	5.5 years
Risk-free interest rate		3.74	%

The Company’s outstanding warrants are freestanding instruments and are classified within stockholders’ equity since the warrants are indexed to the Company’s common stock and meet the equity classification criteria.

A total of 1,424,272 Purchase Warrants were exercised related to the May 2023 financing as of December 31, 2024 at a purchase price of $2.673 per share.

Schedule of Common Stock Reserved for Future Issuances

The Company has reserved for future issuances the following shares of common stock as of December 31, 2024:

	As of December 31, 2024
Option to exercise stock warrants		8,606,303
Stock options and restricted stock units		10,018,288
Employee stock purchase plan		723,906
Total		19,348,497