Quarterly report [Sections 13 or 15(d)]

SHARE-BASED COMPENSATION (Tables)

v3.25.2
SHARE-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2025
SHARE-BASED COMPENSATION  
Summary of components of share-based compensation expense

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Three-Month Periods Ended June 30,

    

Six-Month Periods Ended June 30,

($’s in thousands)

    

2025

    

2024

    

2025

    

2024

Research and development

​

$

—

​

$

171

​

$

—

​

$

316

Selling, general and administrative

​

 

1,336

​

 

1,503

​

 

2,659

​

 

2,764

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

​

$

1,336

​

$

1,674

​

$

2,659

​

$

3,080

Schedule of stock option activities

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Weighted

​

    

​

    

Weighted

    

​

    

average

​

​

Number

​

average

​

Aggregate

​

remaining

​

​

of

​

exercise

​

intrinsic

​

contractual 

​

    

Shares

    

price

    

value

    

life (years)

Outstanding options at December 31, 2024

​

2,471,945

​

$

1.41

​

$

6,191,995

​

3.20

Granted

​

491,585

​

​

6.31

​

​

—

​

—

Exercised

​

(133,703)

​

​

1.79

​

​

—

​

—

Forfeited

​

(7,500)

​

​

4.57

​

​

—

​

—

Expired

​

(2,500)

​

​

4.57

​

​

—

​

—

Outstanding options at June 30, 2025

 

2,819,827

​

$

1.98

​

$

14,671,092

 

3.90

Options vested and exercisable at June 30, 2025

 

1,980,019

​

$

0.69

​

$

12,849,464

 

1.79

Schedule of restricted stock units

​

​

​

​

​

​

​

​

    

​

​

​

​

​

​

​

​

Weighted

​

​

Number of

​

average grant

​

    

units

    

date Fair value

Unvested balance at December 31, 2024

 

2,339,961

​

$

4.33

Granted

 

378,089

​

 

6.37

Vested

​

(324,159)

​

​

3.77

Forfeited

​

(30,000)

​

​

4.57

Unvested balance at June 30, 2025

​

2,363,891

​

$

4.73