v3.26.1
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Stock-Based Compensation [Abstract]  
Schedule of Option Activity

A summary of the option activity is presented below:

 

   Six Months Ended June 30, 2026 
   Number
of Options		   Weighted
Average
Exercise
Price		   Weighted
Average
Remaining
Term
(in Years)		   Intrinsic
Value		 
Outstanding, December 31, 2025   1,154,352   $31.23    9.58   $
           -
 
Granted   
-
    
-
    -    
-
 
Exercised   
-
    
-
    -    
-
 
Forfeited   
-
    
-
    -    
-
 
Outstanding, June 30, 2026   1,154,352   $31.23    9.08   $
-
 
                     
Exercisable, June 30, 2026   1,154,352   $31.23    9.08   $
-
 
Schedule of Outstanding and Exercisable Stock Options

A summary of outstanding and exercisable stock options is presented below:

 

June 30, 2026 
Stock Options Outstanding   Stock Options Exercisable 
        Weighted Average     
Exercise Price   Number of Shares   Remaining Life in Years   Number of Shares 
$1,501.00    7    8.2    7 
$5,168.00    71    7.2    71 
$127.30    79    5.9    79 
$32.20    919,764    9.1    919,764 
$30.00    181,431    9.1    181,431 
$19.50    2,000    5.4    2,000 
$9.29    51,000    10.0    51,000 
      1,154,352    9.08    1,154,352 
Schedule of Restricted Stock Unit (“RSU”) Activity

A summary of RSU activity is presented below:

 

   Six Months Ended
June 30, 2026		 
   Number
of Shares		   Weighted-
Average
Grant
Date
Fair
Value
Per Share		 
Nonvested at December 31, 2025   156,095   $17.01 
Granted   2,805,151    2.75 
Vested   (156,095)   17.01 
Forfeited and cancelled   
-
    
-
 
Nonvested at June 30, 2026   2,805,151   $2.75 

A summary of PSU activity is presented below:

 

   Six Months Ended
June 30, 2026		 
   Number
of Shares		   Weighted-
Average
Grant
Date
Fair
Value
Per Share		 
Nonvested at December 31, 2025   
-
   $
-
 
Granted   1,436,441    2.75 
Vested   
-
    
-
 
Forfeited and cancelled   
-
    
-
 
Nonvested at June 30, 2026   1,436,441   $2.75 
Schedule of Effects of Stock-Based Compensation

The effects of stock-based compensation on the Condensed Consolidated Statements of Operations and Comprehensive Loss and Condensed Consolidated Balance Sheets are as follows (in thousands):

 

   For the Three Months Ended   For the Six Months Ended 
   June 30,   June 30, 
   2026   2025   2026   2025 
Statements of Operations and Comprehensive Loss                
General and administrative  $3,813   $103   $3,917   $681 
Total stock-based compensation expense  $3,813   $103   $3,917   $681