Quarterly report [Sections 13 or 15(d)]

Equity Incentive Plan (Tables)

v3.26.1
Equity Incentive Plan (Tables)
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of Weighted Average Assumptions used for Stock Options

The following table presents the weighted-average assumptions used for stock options granted during the following periods:

 

    2026     2025  
   

Three Months Ended

March 31,

 
    2026     2025  
Grant date fair value   $ 1.91     $ 11.59  
Risk-free interest rate     3.8 %     4.7 %
Dividend yield     0.00 %     0.00 %
Expected life in years     6.0       5.9  
Expected volatility     135 %     110 %
Schedule of Stock Based Compensation Expense

 

    2026     2025  
   

Three Months Ended

March 31,

 
    2026     2025  
Research and development   $ 14,312     $ 7,620  
Selling, general and administrative     28,966       29,569  
Total   $ 43,278     $ 37,189  
Schedule of Stock Option Activity

A summary of the Company’s stock option activity (inclusive of the Inducement Award) is as follows:

 

   

Number of

Options

Outstanding

   

Weighted-

Average

Exercise

Price

   

Weighted-

Average

Remaining

Contractual

Term (in

Years)

 
Balance at December 31, 2025     20,477     $ 25.27       8.9  
Options granted     147,000       2.09       -  
Options exercised     -       -       -  
Options cancelled     -       -       -  
Balance at March 31, 2026     167,477     $ 4.93       9.6  
                         
Options exercisable at March 31, 2026     14,022     $ 22.37       8.8