Stock-based Compensation (Tables)

9 Months Ended

Sep. 30, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-based Compensation Expense

We recorded stock-based compensation expense for the three and nine month periods ended September 30, 2022 and 2021 as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Research and development	$	1,067,613	$	274,146	$	1,945,113	$	519,284
General and administrative		2,146,202		840,095		4,106,968		1,768,579
Total	$	3,213,815	$	1,114,241	$	6,052,081	$	2,287,863

Schedule of Information About RSA Outstanding

Activity in our Restricted Stock Awards (“RSAs”) during the nine months ended September 30, 2022 was as follows:

	Number of shares			Weighted- average grant-date fair value per share
Outstanding at January 1, 2022		91,109		$	7.74
Awarded		187,058			3.71
Forfeited		(29,326	)		5.37
Issued		(119,829	)		5.66
Outstanding at September 30, 2022		129,012		$	4.37

Schedule of Information About RSU Outstanding

Activity in our Restricted Stock Units (“RSUs”) during the nine months ended September 30, 2022 was as follows:

	Number of shares			Weighted- average grant-date fair value per share
Outstanding at January 1, 2022		439,593		$	7.76
Awarded		2,343,575			3.11
Forfeited		(42,875	)		5.35
Issued		(3,500	)		6.65
Outstanding at September 30, 2022		2,736,793			3.82
Vested and unissued		(569,392	)		4.87
Unvested at September 30, 2022		2,167,401		$	3.54