Annual report [Section 13 and 15(d), not S-K Item 405]

Equity Incentive Plan (Tables)

v3.25.1
Equity Incentive Plan (Tables)
12 Months Ended
Dec. 31, 2024
Equity Incentive Plan  
Weighted-average assumptions used for the stock option grants

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

Grant date fair value

 

$ 4.78

 

 

$ 63.45

 

Risk-free interest rate

 

 

3.9 %

 

 

3.9 %

Dividend yield

 

 

0.00 %

 

 

0.00 %

Expected life in years

 

 

7.9

 

 

 

6.1

 

Expected volatility

 

 

107 %

 

 

112 %
Schedule of stock-based compensation expense

 

 

Year Ended

December 31,

 

 

 

2024

 

 

2023

 

Research and development

 

$ 251,313

 

 

$ 193,700

 

General and administrative

 

 

406,336

 

 

 

328,382

 

 

 

$ 657,649

 

 

$ 522,082

 

Schedule of stock option activity

 

 

Number of

Options

Outstanding

 

 

Weighted-

Average

Exercise

Price

 

 

Weighted-

Average

Remaining

Contractual

Term (in

Years)

 

Balance at December 31, 2023

 

 

6,763

 

 

$ 609.81

 

 

 

7.8

 

Options granted

 

 

52,325

 

 

 

5.61

 

 

 

-

 

Options exercised

 

 

-

 

 

 

-

 

 

 

-

 

Options cancelled

 

 

(6,747 )

 

 

607.99

 

 

 

-

 

Balance at December 31, 2024

 

 

52,341

 

 

$ 6.03

 

 

 

9.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options exercisable at December 31, 2024

 

 

10,535

 

 

$ 6.84

 

 

 

9.4