Quarterly report [Sections 13 or 15(d)]

SHARE-BASED COMPENSATION (Tables)

v3.25.3
SHARE-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2025
SHARE-BASED COMPENSATION  
Summary of components of share-based compensation expense

    

Three-Month Periods Ended September 30,

    

Nine-Month Periods Ended September 30,

($’s in thousands)

    

2025

    

2024

    

2025

    

2024

Research and development

$

$

150

$

$

466

Selling, general and administrative

 

1,854

 

1,490

 

4,513

 

4,254

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

$

1,854

$

1,640

$

4,513

$

4,720

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

(1,415,797)

0.30

Forfeited

(13,463)

4.05

Expired

(2,500)

4.57

Outstanding options at September 30, 2025

 

1,531,770

$

3.51

$

5,535,283

 

6.50

Options vested and exercisable at September 30, 2025

 

819,705

$

1.97

$

4,222,565

 

4.38

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

 

561,589

 

6.66

Vested

(927,446)

4.30

Forfeited

(76,667)

4.54

Unvested balance at September 30, 2025

1,897,437

$

5.03