Annual report [Section 13 and 15(d), not S-K Item 405]

SHARE BASED COMPENSATION (Tables)

v3.25.1
SHARE BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2024
SHARE-BASED COMPENSATION  
Summary of components of share-based compensation expense

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Year Ended December 31,

($’s in thousands)

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2024

    

2023

Research and development

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$

508

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$

110

Selling, general and administrative

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5,590

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2,496

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

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$

6,098

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$

2,606

Schedule of weighted-average key assumptions used in determining the fair value of options granted

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2024

Risk-free interest rate

 

4.16%

Expected volatility

 

101.54%

Weighted average expected volatility

 

101.54%

Expected term (years)

 

6.7

Expected dividend yield

 

0%

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, 2023

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2,769,869

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$

1.49

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$

3,441,146

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4.53

Granted

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25,000

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4.57

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—

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—

Exercised

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(122,510)

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1.68

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—

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—

Forfeited

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(174,108)

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2.85

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—

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—

Expired

 

(26,306)

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2.30

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—

 

—

Outstanding options at December 31, 2024

 

2,471,945

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$

1.41

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$

6,191,995

 

3.20

Options vested and exercisable at December 31, 2024

 

2,073,853

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$

1.10

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$

5,839,953

 

2.29

Schedule of restricted stock units

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Weighted

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average

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Number of

​

grant date

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 units

    

Fair value

Unvested balance at December 31, 2023

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1,306,923

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$

3.88

Granted

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2,133,912

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4.58

Vested

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(1,058,374)

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​

4.27

Forfeited

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(42,500)

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​

4.36

Unvested balance at December 31, 2024

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2,339,961

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$

4.33