General form of registration statement for all companies including face-amount certificate companies

STOCK-BASED COMPENSATION (Tables)

v3.24.4
STOCK-BASED COMPENSATION (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
STOCK-BASED COMPENSATION    
Summary of the expense for stock-based compensation related to stock option grants

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

    

2024

    

2023

    

2024

    

2023

Employee and director stock option grants:

 

  

 

  

 

  

 

  

Research and development

$

309,933

$

89,172

$

453,158

$

227,896

General and administrative

 

1,224,121

 

408,706

 

2,334,508

 

1,097,945

Total stock-based compensation

$

1,534,054

$

497,878

$

2,787,666

$

1,325,841

Twelve Months Ended

December 31, 

    

2023

    

2022

Employee and director stock option and stock grants:

  

  

Research and development

$

505,155

$

165,461

General and administrative

 

1,905,133

1,287,502

Total stock-based compensation

$

2,410,288

$

1,452,964

Schedule of assumptions used for stock  

Year Ended December 31, 

 

    

2023

    

2022

 

Volatility

 

82.02-83.28

%  

82.47-100

%

Risk-free interest rate

 

3.59-4.68

%  

1.65-3.96

%

Expected term (years)

 

6.0

 

6.0

Dividend

 

0

%  

0

%

Summary of stock options activity  

Number of

Shares

Issuable

Weighted

Upon

Average

Exercise

Weighted

Remaining

of

Average

Contracted

Aggregate

 

Outstanding

Exercise

 

Term in

Intrinsic

    

Options

    

Price

    

Years

    

Value

Outstanding as of December 31, 2021

 

423,820

$

22.70

 

  

 

  

Granted

 

440,250

$

4.51

 

 

  

Expired

 

(6)

$

15,000.00

 

 

  

Forfeited

 

(117,807)

$

12.02

 

 

  

Outstanding as of December 31, 2022

 

746,257

$

13.48

 

8.58

 

$

Granted

1,617,000

$

1.78

Expired

(8)

$

8,325

Forfeited

(11,346)

$

1.92

Outstanding as of December 31, 2023

2,351,903

$

5.46

8.64

$

1,682,667

Exercisable as of December 31, 2023

 

514,171

$

15.68

 

$

30,817

Unvested as of December 31, 2023

 

1,837,732

$

2.58

 

$

1,652,350