Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2026

Stock-Based Compensation [Abstract]

Schedule of Activity for Stock Options

The following table summarizes activity for stock options under all plans for the three months ended March 31, 2026:

					Weighted-
	Number of				Average
	Shares		Weighted-		Remaining		Aggregate
	Underlying		Average		Contractual		Intrinsic
	Outstanding		Exercise		Term		Value
	Options		Price		(in Years)		(in thousands)
Outstanding, December 31, 2025		2,033,114	$	8.31		8.23	$	10,347
Options granted		-	$	-		-	$	-
Options forfeited		-	$	-		-	$	-
Options exercised		-	$	-		-	$	-
Outstanding, March 31, 2026		2,033,114	$	8.31		7.99	$	11,862
Options vested and exercisable as of March 31, 2026		976,013	$	10.51		6.93	$	5,344

Schedule of Stock-Based Compensation Expense

The Company has recorded stock-based compensation expense, which includes expense related to restricted stock units, allocated by functional cost as follows for the three months ended March 31, 2025 and 2026 (in thousands):

	Three Months Ended		Three Months Ended
	March 31,		March 31,
	2025		2026
Research and development	$	263	$	344
General and administrative		300		410
Total stock-based compensation	$	563	$	754

Schedule of Fair Value of Awards Granted

The following averaged assumptions were used to calculate the fair value of awards granted to employees, directors and non-employees for the three months ended March 31, 2025 and March 31, 2026:

	Three Months Ended March 31, 2025			Three Months Ended March 31, 2026
Expected volatility		108.49	%		107.44% - 116.54	%
Risk-free interest rate		4.38	%		3.75% - 4.38	%
Dividend yield		-	%		-	%
Expected term		6.25 years			5.50 years - 6.25 years