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Stock-Based Compensation Expense (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Restricted Stock Unit Activity

A summary of the restricted stock unit activity under the Plans for the six months ended June 30, 2025 was as follows:

 

 

Shares

 

 

Weighted-
Average
Grant Date Fair Value

 

Restricted stock units outstanding as of December 31, 2024

 

 

42,865

 

 

$

132.09

 

Granted

 

 

62,020

 

 

$

9.86

 

Vested

 

 

(15,104

)

 

$

139.18

 

Forfeited

 

 

(3,977

)

 

$

35.91

 

Restricted stock units outstanding as of June 30, 2025

 

 

85,804

 

 

$

46.96

 

Summary of Stock Option Activity Under Plans

A summary of the stock option activity under the Plans for the six months ended June 30, 2025 was as follows:

 

 

Shares

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Life
(in years)

 

 

Aggregate
Intrinsic
Value
(in thousands)

 

Outstanding at December 31, 2024

 

 

126,255

 

 

$

283.02

 

 

 

7.5

 

 

$

 

Cancelled

 

 

(36,296

)

 

$

459.64

 

 

 

 

 

 

 

Outstanding at June 30, 2025

 

 

89,959

 

 

$

211.75

 

 

 

7.4

 

 

$

 

Schedule of Stock-Based Compensation Expense

Stock-based compensation expense included in the Company’s condensed consolidated statements of operations and comprehensive loss was as follows (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Research and development

 

$

240

 

 

$

(290

)

 

$

513

 

 

$

413

 

General and administrative

 

 

674

 

 

 

1,414

 

 

 

1,226

 

 

 

2,873

 

Total

 

$

914

 

 

$

1,124

 

 

$

1,739

 

 

$

3,286