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

    

Year Ended December 31,

($’s in thousands)

2024

    

2023

Research and development

$

508

$

110

Selling, general and administrative

 

5,590

 

2,496

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

$

6,098

$

2,606

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

    

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

Weighted

    

    

Weighted

    

    

 average

Number

 average

Aggregate

remaining

of

exercise

intrinsic

contractual 

    

Shares

    

 price

    

 value

    

life (years)

Outstanding options at December 31, 2023

2,769,869

$

1.49

$

3,441,146

4.53

Granted

25,000

4.57

Exercised

(122,510)

1.68

Forfeited

(174,108)

2.85

Expired

 

(26,306)

 

2.30

 

 

Outstanding options at December 31, 2024

 

2,471,945

$

1.41

$

6,191,995

 

3.20

Options vested and exercisable at December 31, 2024

 

2,073,853

$

1.10

$

5,839,953

 

2.29

Schedule of restricted stock units

    

    

    

Weighted

average

Number of

grant date

    

 units

    

Fair value

Unvested balance at December 31, 2023

1,306,923

$

3.88

Granted

2,133,912

4.58

Vested

(1,058,374)

4.27

Forfeited

(42,500)

4.36

Unvested balance at December 31, 2024

2,339,961

$

4.33