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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Schedule of Shares of Common Stock Reserved for Future Issuance

The following table lists the Black-Scholes option-pricing model assumptions used to calculate the fair value of employee and director stock options, as well as the resulting grant-date fair value:

 

 

Year Ended December 31,

 

 

2023

 

 

2022

 

 

2021

 

Average risk-free interest rate

 

 

4.0

%

 

 

2.9

%

 

 

1.2

%

Dividend yield

 

 

0.0

%

 

 

0.0

%

 

 

0.0

%

Average volatility factor

 

 

88.4

%

 

 

77.9

%

 

 

63.8

%

Weighted-average expected life

 

5.1 years

 

 

5.6 years

 

 

5.5 years

 

Weighted-average grant-date fair value of options granted

 

$

0.37

 

 

$

3.18

 

 

$

8.07