STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2025

STOCK-BASED COMPENSATION

SCHEDULE OF OPTION ACTIVITY UNDER 2021 PLAN AND 2018 PLAN

				Weighted-
				Average
				Remaining	Aggregate
		Weighted-Average		Contractual Term	Intrinsic Value
	Options	Exercise Price		(in years)	(in thousands)
Outstanding at December 31, 2024	2,434,535	$	11.93	6.91	$	387
Granted	—		—
Exercised	—		—
Cancelled/Forfeited	(100,492)		15.47
Outstanding at March 31, 2025	2,334,043	$	11.78	6.96	$	281
Vested and exercisable at March 31, 2025	1,779,179		9.96	6.61		265

SCHEDULE OF STOCK-BASED COMPENSATION EXPENSE

Stock-based compensation expense recognized for all equity awards has been reported in the statements of operations and comprehensive loss as follows (in thousands):

	Three Months Ended March 31,
	2025		2024
General and administrative	$	1,185	$	2,494
Research and development		—		1,706
Total	$	1,185	$	4,200

Stock-based compensation expense by type of award included within the consolidated statements of operations and comprehensive income (loss) was as follows:

	Three Months Ended March 31,
	2025		2024
Stock options	$	1,185	$	4,067
Restricted stock awards and units		—		47
Employee stock purchase plan awards		—		86
Total	$	1,185	$	4,200