Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2025

Stock-Based Compensation [Abstract]

Stock-Based Compensation Expense

The following table summarizes the components of stock-based compensation expense in the Condensed Consolidated Statements of Operations and Comprehensive Loss for the three and six months ended June 30, 2025 and 2024:

	Three Months Ended June 30,					Six Months ended June 30,
	2025			2024		2025		2024
	(unaudited)					(unaudited)
Stock-Based Compensation
Research and development	$	(316,466	)	$	609,828	$	204,061	$	1,161,746
General and administrative		764,495			1,185,894		1,497,850		2,263,987
Total	$	448,029		$	1,795,722	$	1,701,911	$	3,425,733

Stock Option Activity

The following table summarizes stock option activity for the six months ended June 30, 2025:

	Number of Shares
Options outstanding at December 31, 2024		5,373,063
Granted options		1,246,500
Exercised		-
Forfeited and expired		(222,379	)
Options outstanding at June 30, 2025		6,397,184
Vested and expected to vest at June 30, 2025		6,397,184
Exercisable at June 30, 2025		3,796,123