Quarterly report pursuant to Section 13 or 15(d)

Equity Incentive Plan (Tables)

v3.24.3
Equity Incentive Plan (Tables)
9 Months Ended
Sep. 30, 2024
Equity Incentive Plan  
Weighted-average assumptions used for the stock option grants

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Grant date fair value

 

$ 1.60

 

 

$ 63.45

 

 

$ 4.78

 

 

$

63.45

 

Risk-free interest rate

 

 

3.7 %

 

 

3.9 %

 

 

3.9 %

 

 

3.9 %

Dividend yield

 

 

0.00 %

 

 

0.00 %

 

 

0.00 %

 

 

0.00 %

Expected life in years

 

 

10.0

 

 

 

6.1

 

 

 

7.9

 

 

 

6.1

 

Expected volatility

 

 

102.8 %

 

 

112 %

 

 

106.7 %

 

 

112 %
Schedule of stock-based compensation expense

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Research and development

 

$ 4,677

 

 

$ 48,425

 

 

$ 246,637

 

 

$ 145,275

 

General and administrative

 

 

16,315

 

 

 

82,752

 

 

 

381,197

 

 

 

248,339

 

Total

 

$ 20,992

 

 

$ 131,177

 

 

$ 627,834

 

 

$ 393,614

 

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 September 30, 2024

 

 

52,341

 

 

$ 6.03

 

 

 

9.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options exercisable at September 30, 2024

 

 

3,124

 

 

$ 16.16

 

 

 

9.2