Quarterly report pursuant to Section 13 or 15(d)

SHARE BASED COMPENSATION (Tables)

v3.23.2
SHARE BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2023
SHARE-BASED COMPENSATION  
Summary of components of share-based compensation expense

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Three-Month Periods Ended June 30,

    

Six-Month Periods Ended June 30,

($’s in thousands)

    

2023

    

2022

    

2023

    

2022

Research and development

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$

30

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$

—

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$

64

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$

—

Selling, general and administrative

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843

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774

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1,455

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1,547

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

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$

873

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$

774

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$

1,519

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$

1,547

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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390,684

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1.56

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—

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Exercised

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(5,000)

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0.68

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—

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—

Forfeited

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(273,629)

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3.32

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—

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—

Expired

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(14,200)

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3.65

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—

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—

Outstanding options at June 30, 2023

 

3,057,855

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$

1.59

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$

1,605,537

 

5.34

Options vested and exercisable at June 30, 2023

 

1,975,000

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$

0.86

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$

1,583,625

 

3.18

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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(363,190)

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4.17

Forfeited

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(289,167)

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4.24

Unvested balance at June 30, 2023

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1,618,691

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$

3.98