Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2024
Stock-Based Compensation [Abstract]  
Schedule of Summarizes Activity for Stock Options under all Plans The following table summarizes activity for stock options under all plans for the six months ended June 30, 2024:
                Weighted-        
    Number of           Average        
    Shares     Weighted-     Remaining     Aggregate  
    Underlying     Average     Contractual     Intrinsic  
    Outstanding     Exercise     Term     Value  
    Options     Price     (in Years)     (in thousands)  
Outstanding, December 31, 2023     10,302,086     $ 1.00       9.34     $ 1,196  
Options granted     2,787,698     $ 1.14       9.80     $ -  
Options forfeited    
-
    $
-
     
-
    $
-
 
Options exercised     (1,163 )   $ 3.27      
-
    $
-
 
Outstanding, June 30, 2024     13,088,621     $ 1.03       9.05     $ 48  
                                 
Options vested and exercisable as of June 30, 2024     3,877,191     $ 1.31       8.5     $ 48  
Schedule of Stock-Based Compensation Expense The Company has recorded stock-based compensation expense, which includes expense related to restricted stock units, allocated by functional cost as follows for the three and six months ended June 30, 2023 and 2024 (in thousands):
    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2023     2024     2023     2024  
                         
Research and development   $ 82     $ 282     $ 164     $ 510  
General and administrative     62       359       124       653  
Total stock-based compensation   $ 144     $ 641     $ 288     $ 1,163  
Schedule of Fair Value of Awards Granted The following averaged assumptions were used to calculate the fair value of awards granted to employees, directors and non-employees for the six months ended June 30, 2024:
    Six Months Ended  
    June 30,  
    2023     2024  
             
Expected volatility    
    -
      104 %
Risk-free interest rate    
-
      4.49% - 4.65 %
Dividend yield    
-
      - %
Expected term    
-
      6.25 years