Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2025

Share-Based Payment Arrangement [Abstract]

Summary of Stock Based Compensation in Statement of Operations

The Company has recorded stock-based compensation related to its options and RSU's in the unaudited accompanying statements of operations as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
General and administrative	$	677,926	$	373,919	$	1,373,319	$	641,357
Research and development		357,787		288,402		742,476		456,627
	$	1,035,713	$	662,321	$	2,115,795	$	1,097,984

Summary of Stock Options Activity

The following table summarizes the activity for the periods indicated (unaudited):

						Weighted
				Weighted average		average remaining		Aggregate
				exercise		contractual		intrinsic
	Options			price		term (years)		value
Outstanding at January 1, 2025		2,228,658		$	5.08		8.4
Granted		849,196		$	6.06
Exercised		(17,557	)	$	1.09			$	80,060
Forfeited		(96,502	)	$	4.28
Outstanding at June 30, 2025		2,963,795		$	5.41		7.9	$	2,564,043
Exercisable at June 30, 2025		1,471,943		$	4.65		9.0	$	2,176,571
Vested and expected to vest at June 30, 2025		2,963,795		$	5.41		7.9	$	2,564,043

Summary of Estimated Black-Scholes Option-Pricing Model Using the Weighted-Average Assumptions

The grant date fair value of each option grant for the six months ended June 30, 2025 and 2024 was estimated using the Black-Scholes option-pricing model using the following weighted-average assumptions (unaudited):

	Six Months Ended June 30,
	2025			2024
Risk-free interest rate		4.5	%		4.2	%
Expected term (years)	5.75				5.74
Expected volatility		96.82	%		106.20	%
Expected dividend yield		0.0	%		0.0	%