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Equity Incentive Plans (Tables)
6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of the Option Award Activity

The following table summarizes the stock option award activity for the six months ended June 30, 2024:

 

 

 

Outstanding

 

 

Exercisable

 

January 1, 2024

 

 

14,661

 

 

 

6,110

 

Granted

 

 

42,000

 

 

 

 

Vested

 

 

 

 

 

2,201

 

Canceled or expired

 

 

(2,292

)

 

 

(781

)

Exercised

 

 

 

 

 

 

June 30, 2024

 

 

54,369

 

 

 

7,530

 

Summary of Non-vested Restricted Common Stock Awards Issued to Employees

The following table sets forth the status of the Company’s non-vested restricted common stock awards:

 

 

 

 

Weighted-Average

 

 

 

Number of

 

Grant Date

 

 

 

Shares

 

Fair Value Per Share

 

January 1, 2024

 

 

 

$

-

 

Issuance of restricted common stock

 

 

7,500

 

$

1.34

 

Vested

 

 

(1,875

)

$

1.34

 

Cancelled

 

 

 

$

-

 

June 30, 2024

 

 

5,625

 

$

1.34

 

Summary of Total Stock-based Compensation Expense Recorded Related to Share-based Payment Awards

Total stock-based compensation recorded in the condensed statements of operations is allocated as follows (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Research and development

 

$

23

 

 

$

27

 

 

$

45

 

 

$

58

 

Sales and marketing

 

 

1

 

 

 

1

 

 

 

1

 

 

 

3

 

General and administrative

 

 

30

 

 

 

53

 

 

 

62

 

 

 

104

 

Total stock-based compensation

 

$

54

 

 

$

81

 

 

$

108

 

 

$

165