v3.26.1
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Stock-Based Compensation  
Schedule of stock-based compensation expense

Stock-based compensation expense reflected in the statement of operations was as follows:

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Three Months Ended

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Six Months Ended

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June 30, 

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June 30, 

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  ​ ​ ​

2026

  ​ ​ ​

2025

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2026

  ​ ​ ​

2025

General and administrative

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$

1,223,567

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$

270,395

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$

1,310,918

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$

537,333

Research and development

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385,088

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​

226,223

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480,560

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​

459,172

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$

1,608,655

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$

496,618

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$

1,791,478

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$

996,505

Schedule of stock option activity

The following table summarizes stock option activity:

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Weighted

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Average

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Remaining

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Aggregate

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Weighted

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Contractual

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Intrinsic

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Number of

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Average

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Life

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Value

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Options

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Exercise Price

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(Years)

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(Thousands)

Options outstanding at December 31, 2025

 

2,394,503

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$

10.79

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6.9

 

$

777

Options granted

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777,394

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$

3.78

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-

Options exercised

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(71,426)

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$

0.23

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​

116

Options forfeited / canceled

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(274,417)

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$

3.60

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-

Options outstanding at June 30, 2026

 

2,826,054

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$

9.82

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7.2

 

$

87

Options exercisable at June 30, 2026

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2,350,446

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$

10.95

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6.8

 

$

84