Quarterly report [Sections 13 or 15(d)]

SHARE-BASED COMPENSATION (Tables)

v3.25.1
SHARE-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2025
SHARE-BASED COMPENSATION  
Summary of components of share-based compensation expense

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Three-Month Periods Ended March 31,

($’s in thousands)

    

2025

    

2024

Research and development

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$

—

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$

145

Selling, general and administrative

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1,323

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1,261

Total non-cash compensation expense related to share-based compensation included in operating expense

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$

1,323

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$

1,406

Schedule of stock option activities

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Weighted

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Weighted

    

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average

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Number

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average

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Aggregate

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remaining

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of

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exercise

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intrinsic

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contractual 

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Shares

    

price

    

value

    

life (years)

Outstanding options at December 31, 2024

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2,471,945

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$

1.41

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$

6,191,995

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3.20

Granted

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—

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—

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—

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—

Exercised

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(40,043)

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1.87

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—

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—

Forfeited

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(7,500)

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4.57

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—

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—

Expired

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(1,250)

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4.57

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—

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—

Outstanding options at March 31, 2025

 

2,423,152

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$

1.39

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$

10,921,661

 

2.96

Options vested and exercisable at March 31, 2025

 

2,035,685

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$

1.08

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$

9,809,890

 

2.07

Schedule of restricted stock units

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Weighted

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Number of

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average grant

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units

    

date Fair value

Unvested balance at December 31, 2024

 

2,339,961

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$

4.33

Granted

 

—

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—

Vested

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(50,421)

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4.35

Forfeited

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(10,000)

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3.90

Unvested balance at March 31, 2025

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2,279,540

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$

4.33