Quarterly report pursuant to Section 13 or 15(d)

SHARE BASED COMPENSATION (Tables)

v3.23.3
SHARE BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2023
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)

    

2023

    

2022

    

2023

    

2022

Research and development

$

23

$

34

$

87

$

34

Selling, general and administrative

 

535

 

1,404

 

1,990

 

2,951

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

$

558

$

1,438

$

2,077

$

2,985

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, 2022

2,960,000

$

1.76

$

2,217,815

5.65

Granted

430,756

1.64

Exercised

(23,000)

1.08

Forfeited

(445,838)

3.08

Expired

(23,850)

3.55

Outstanding options at September 30, 2023

 

2,898,068

$

1.53

$

4,107,260

 

4.84

Options vested and exercisable at September 30, 2023

 

2,051,950

$

0.99

$

3,743,200

 

3.09

Schedule of restricted stock units

    

Weighted

average

Number of

grant date

    

units

    

Fair value

Unvested balance at December 31, 2022

 

2,261,048

$

4.05

Granted

 

119,888

 

1.82

Vested

(708,082)

3.94

Forfeited

(307,042)

4.27

Unvested balance at September 30, 2023

1,365,812

$

3.87