Quarterly report [Sections 13 or 15(d)]

Share-Based Expense

v3.25.1
Share-Based Expense
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Share-Based Expense

 

7. Share-Based Expense

 

Total share-based expense related to stock options and restricted stock units (“RSUs”) was approximately $19,000 and $77,000 during each of the three months ended March 31, 2025 and 2024, respectively.

  

Share-based expense is classified in the condensed consolidated statements of operations as follows: 

               
    Three Months Ended March 31,  
    2025     2024  
Research and development expenses   $     $ 15,237  
General and administrative expenses     19,251       61,837  
    $ 19,251     $ 77,074  

 

Employee Stock Options and RSUs

 

No stock option awards to purchase shares of common stock were granted during the three months ended March 31, 2025 and 2024. The Company recognized a total of approximately $19,000 and $77,000 of share-based expense related to employee stock options during each of the three months ended March 31, 2025 and 2024. No employee stock options or RSUs were exercised during the three months ended March 31, 2025 and 2024. During the three months ended March 31, 2025, options to purchase 25,836 shares of common stock expired. No options or RSUs expired during the three-months ended March 31, 2024.

 

Non-Employee Stock Options

 

There were no non-employee stock options granted or exercised during the three months ended March 31, 2025 and 2024. No non-employee stock option grants expired during the three months ended March 31, 2025 and 2024. The Company did not recognize any share-based expense related to non-employee stock options during the three months ended March 31, 2025 and 2024.