Quarterly report [Sections 13 or 15(d)]

SHARE-BASED COMPENSATION (Tables)

v3.25.2
SHARE-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2025
SHARE-BASED COMPENSATION  
Summary of components of share-based compensation expense

    

Three-Month Periods Ended June 30,

    

Six-Month Periods Ended June 30,

($’s in thousands)

    

2025

    

2024

    

2025

    

2024

Research and development

$

$

171

$

$

316

Selling, general and administrative

 

1,336

 

1,503

 

2,659

 

2,764

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

$

1,336

$

1,674

$

2,659

$

3,080

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

491,585

6.31

Exercised

(133,703)

1.79

Forfeited

(7,500)

4.57

Expired

(2,500)

4.57

Outstanding options at June 30, 2025

 

2,819,827

$

1.98

$

14,671,092

 

3.90

Options vested and exercisable at June 30, 2025

 

1,980,019

$

0.69

$

12,849,464

 

1.79

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

 

378,089

 

6.37

Vested

(324,159)

3.77

Forfeited

(30,000)

4.57

Unvested balance at June 30, 2025

2,363,891

$

4.73