Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2025

Summary of Assumptions Used to Value Stock Options Granted Using Black-Scholes Option-Pricing

The underlying assumptions used to value stock options granted to participants using the Black-Scholes option-pricing model were as follows:

	For the Three Months Ended March 31,
	2025	2024
Risk-free interest rate range	3.98% to 4.38%	3.78% to 4.22%
Dividend yield	—	—
Expected term of options (years)	6.02 to 6.08	6.02 to 6.08
Volatility rate range	83.23% to 84.57%	88.35% to 88.55%

Summary of Total Compensation Cost Recognized in Statements of Operations

The total compensation cost recognized in the condensed consolidated statements of operations associated with all the stock-based compensation awards granted by the Company is as follows:

	Three Months Ended March 31,
	2025		2024
Research and development	$	828	$	849
General and administrative		1,029		842
Total	$	1,857	$	1,691