Quarterly report [Sections 13 or 15(d)]

Share-Based Expense

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Share-Based Expense
3 Months Ended
Mar. 31, 2026
Compensation Related Costs [Abstract]  
Share-Based Expense

 

7. Share-Based Expense

 

Total share-based expense related to stock options was approximately $11,000 and $19,000 during each of the three months ended March 31, 2026 and 2025, respectively.

  

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

Allocation of share-based compensation expense                
    Three Months Ended March 31,  
    2026     2025  
Research and development expenses   $     $  
General and administrative expenses     11,312       19,251  
    $ 11,312     $ 19,251  

 

Employee Stock Options

 

No employee stock option awards to purchase shares of common stock were granted or exercised during the three months ended March 31, 2026 and 2025. During the three months ended March 31, 2026 and 2025, options to purchase 102 shares of common stock and 25,836 shares of common stock expired, respectively. The Company recognized a total of approximately $11,000 and $19,000 of share-based expense related to employee stock options during each of the three months ended March 31, 2026 and 2025.

 

Non-Employee Stock Options

 

There were no non-employee options outstanding as of both March 31, 2026 and December 31, 2025. There were no non-employee stock options granted or exercised during the three months ended March 31, 2026 and 2025. No non-employee stock option grants expired during the three months ended March 31, 2026 and 2025. The Company did not recognize any share-based expense related to non-employee stock options during the three months ended March 31, 2026 and 2025.