XML 80 R28.htm IDEA: XBRL DOCUMENT v3.25.3
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense
Stock-based compensation expense for stock options, RSUs and PSUs is reflected in the condensed consolidated statements of operations and comprehensive loss as follows (in thousands):
Three months ended September 30,Nine months ended September 30,
2025202420252024
General and administrative$1,209 $1,315 $3,412 $3,965 
Research and development767 577 2,293 1,586 
Total$1,976 $1,892 $5,705 $5,551 
Schedule of Stock Option Activity
The following table summarizes the Company's stock option activity:
Number of SharesWeighted Average Exercise PriceWeighted Average Remaining Contractual Life (Years)Aggregate Intrinsic Value (In Thousands)
Options outstanding at December 31, 2024
16,197,148 $2.01 7.4$1,128 
Granted9,543,246 0.93 
Exercised(280,379)0.45 187 
Forfeited(1,174,166)2.21 39 
Expired(387,569)2.16 6
Options outstanding at September 30, 2025
23,898,280 $1.58 7.8$12,191 
Vested and expected to vest at September 30, 2025
23,898,280 $1.58 7.8$12,191 
Options exercisable at September 30, 2025
11,305,784 $2.29 6.3$3,641 
Schedule of RSU Activity
The following table summarizes the Company's unvested RSU activity:
Number of SharesWeighted Average Grant Date Fair Value
RSUs unvested at December 31, 2024
1,902,457 $1.49 
Vested(960,862)$1.90 
Forfeited(24,066)$0.84 
RSUs unvested at September 30, 2025
917,529 $1.08 
Schedule of PSU Activity
The following table summarizes the unvested PSU activity:
Number of SharesWeighted Average Grant-Date Fair Value
PSUs unvested at December 31, 2024872,352 $1.71 
Granted3,314,445 $1.58 
Vested— $— 
Forfeited— $— 
PSUs unvested at September 30, 20254,186,797 $1.61