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Stock Based Compensation (Tables)
6 Months Ended
Jun. 30, 2024
Stock Based Compensation [Abstract]  
Schedule of Stock-Based Compensation Expense The following table summarizes the stock-based compensation expense recorded in the Company’s results of operations during the three and six months ended June 30, 2024 and 2023:
  

Three Months Ended

June 30,

  

Six Months Ended

June 30,

 
   2024   2023   2024   2023 
Research and development  $221,401   $261,239   $453,257   $505,114 
General and administrative   386,951    564,480    782,085    1,072,426 
   $608,352   $825,719   $1,235,342   $1,577,540 
Schedule of Stock Option Activity The following table summarizes stock option activity during the six months ended June 30, 2024:
   Number of
Shares
   Weighted-
Average
Exercise
Prices
   Weighted-
Average
Remaining
Contractual
Term
(In Years)
   Intrinsic
Value
 
Outstanding at January 1, 2024   233,340   $74.63    7.66   $
               -
 
Granted   
-
    
-
    -    
-
 
Cancelled   (6,898)   9.46    -    
-
 
Outstanding at June 30, 2024   226,442   $76.61    7.10   $
-
 
Exercisable at June 30, 2024   133,514   $100.66    6.06   $
-
 
Schedule of RSU Activity The following table summarizes RSU activity during the six months ended June 30, 2024:
   Number of
Shares
   Weighted-
Average
Grant Date Fair Value
 
Unvested balance at January 1, 2024   
-
   $
-
 
Granted   123,356    2.40 
Vested   
-
    
-
 
Forfeited   (3,556)   2.08 
Unvested balance at June 30, 2024   119,800   $2.41