Quarterly report [Sections 13 or 15(d)]

SHARE-BASED COMPENSATION (Tables)

v3.25.1
SHARE-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2025
SHARE-BASED COMPENSATION  
Summary of components of share-based compensation expense

    

Three-Month Periods Ended March 31,

($’s in thousands)

    

2025

    

2024

Research and development

$

$

145

Selling, general and administrative

 

1,323

 

1,261

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

$

1,323

$

1,406

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, 2024

2,471,945

$

1.41

$

6,191,995

3.20

Granted

Exercised

(40,043)

1.87

Forfeited

(7,500)

4.57

Expired

(1,250)

4.57

Outstanding options at March 31, 2025

 

2,423,152

$

1.39

$

10,921,661

 

2.96

Options vested and exercisable at March 31, 2025

 

2,035,685

$

1.08

$

9,809,890

 

2.07

Schedule of restricted stock units

    

Weighted

Number of

average grant

    

units

    

date Fair value

Unvested balance at December 31, 2024

 

2,339,961

$

4.33

Granted

 

 

Vested

(50,421)

4.35

Forfeited

(10,000)

3.90

Unvested balance at March 31, 2025

2,279,540

$

4.33