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

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

 

 

 

Outstanding

 

 

Exercisable

 

January 1, 2024

 

 

14,661

 

 

 

6,110

 

Granted

 

 

54,000

 

 

 

 

Vested

 

 

 

 

 

3,701

 

Canceled or expired

 

 

(2,294

)

 

 

(781

)

Exercised

 

 

 

 

 

 

September 30, 2024

 

 

66,367

 

 

 

9,030

 

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

 

 

(3,750

)

 

1.34

 

Cancelled

 

 

 

 

 

September 30, 2024

 

 

3,750

 

$

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

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Research and development

 

$

23

 

 

$

24

 

 

$

68

 

 

$

82

 

Sales and marketing

 

 

 

 

 

(2

)

 

 

1

 

 

 

1

 

General and administrative

 

 

35

 

 

 

26

 

 

 

97

 

 

 

130

 

Total stock-based compensation

 

$

58

 

 

$

48

 

 

$

166

 

 

$

213