Quarterly report [Sections 13 or 15(d)]

Stock-Based Compensation (Tables)

v3.25.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Options Activity

The following summarizes activity related to the Company's stock options (in thousands, except per share data):

 

 

Number of Shares

 

 

Weighted Average
Exercise Price

 

 

Weighted Average
Remaining Contract
Term (in years)

 

 

Aggregate Intrinsic Value

 

Outstanding - December 31, 2024

 

 

26,823

 

 

$

0.14

 

 

 

8.4

 

 

$

 

Granted

 

 

14,950

 

 

 

0.04

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

(30

)

 

 

0.49

 

 

 

 

 

 

 

Outstanding - March 31, 2025

 

 

41,743

 

 

 

0.10

 

 

 

8.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable - March 31, 2025

 

 

13,969

 

 

 

0.21

 

 

 

7.4

 

 

 

 

Vested or expected to vest - March 31, 2025

 

 

41,743

 

 

$

0.10

 

 

 

8.8

 

 

$

 

Summary of Weighted-Average Assumptions Used to Estimate Fair Value

The following table presents the weighted average grant date fair value of stock options granted and the weighted-average assumptions used to estimate the fair value on the date of grant using the Black-Scholes valuation model:

 

 

 

Three months ended March 31,

 

 

2025

 

 

2024

Volatility

 

 

 

146.1

%

 

*

Risk-Free Interest Rate

 

 

 

4.4

%

 

*

Expected Term (in years)

 

 

 

5.76

 

 

*

Dividend Rate

 

 

 

%

 

*

Weighted Average Fair Value Per Share on Grant Date

 

 

$

0.03

 

 

*

*