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Stock-based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Weighted Average Assumptions Used in Calculation of Fair Value Using Black-Scholes Option Pricing Model

The grant date fair value of stock options granted during the three and six months ended June 30, 2022 was estimated at the time of grant using the Black-Scholes option-pricing model and utilized the following assumptions:

 

 

 

May 20, 2022

 

 

May 9, 2022

 

Fair value of common stock (per share)

 

$

1.14

 

 

$

0.83

 

Expected term (in years)

 

10

 

 

10

 

Risk-free interest rate

 

 

2.78

%

 

 

3.05

%

Expected volatility

 

 

100.00

%

 

 

100.00

%

Dividend yield

 

—%

 

 

—%