Quarterly report pursuant to Section 13 or 15(d)

SHARE BASED COMPENSATION (Tables)

v3.23.1
SHARE BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2023
SHARE-BASED COMPENSATION  
Summary of components of share-based compensation expense

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Three-Month Period Ended March 31,

($’s in thousands)

    

2023

    

2022

Research and development

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$

33

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$

—

Selling, general and administrative

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613

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773

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

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$

646

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$

773

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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, 2022

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2,960,000

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$

1.76

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$

2,217,815

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5.65

Granted

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10,000

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2.54

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—

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Exercised

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—

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—

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—

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—

Forfeited

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(153,300)

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3.45

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—

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—

Expired

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—

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—

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—

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—

Outstanding options at March 31, 2023

 

2,816,700

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$

1.67

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$

1,550,015

 

5.17

Options vested and exercisable at March 31, 2023

 

1,986,700

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$

0.87

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$

1,550,015

 

3.46

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Schedule of restricted stock units

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Weighted

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average

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Number of

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grant date

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units

    

Fair value

Unvested balance at December 31, 2022

 

2,261,048

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$

4.05

Granted

 

10,000

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1.79

Vested

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(68,662)

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4.16

Forfeited

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(270,417)

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4.19

Unvested balance at March 31, 2023

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1,931,969

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$

4.02