Stock-based Compensation (Tables)

6 Months Ended

Jun. 30, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

The following table summarizes the Company’s stock option activity for the six months ended June 30, 2025:

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value (USD$)
Options outstanding at December 31, 2024		4,225,032		$	12.35		6.6	$	4,147,893
Granted		1,935,035			6.95
Exercised		(256,549	)		4.80
Forfeited		(497,570	)		6.80
Expired		(257,574	)		17.99
Options outstanding at June 30, 2025		5,148,374		$	10.95		7.7		2,527,876
Options vested and exercisable at June 30, 2025		1,649,250		$	19.42		4.3	$	1,042,567

Schedule of Restricted Share Units

The following table summarizes the Company's RSU activity for the six months ended June 30, 2025:

	Number of RSUs			Weighted Average Grant Date Fair Value
Balance at December 31, 2024		1,371,266		$	6.35
Granted		5,274,500			6.38
Vested		(416,295	)		8.76
Cancelled		(269,049	)		5.64
Balance at June 30, 2025		5,960,422		$	6.24

Summary of Stock-based Compensation Expense

Stock-based compensation expense for all equity arrangements for the three and six months ended June 30, 2025 and 2024 was as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Research and development	$	2,301	$	2,182	$	4,354	$	3,637
General and administrative		2,952		3,248		4,325		5,482
Total	$	5,253	$	5,430	$	8,679	$	9,119