Quarterly report [Sections 13 or 15(d)]

SHARE-BASED COMPENSATION (Tables)

v3.25.3
SHARE-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2025
SHARE-BASED COMPENSATION  
Summary of components of share-based compensation expense

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Three-Month Periods Ended September 30,

    

Nine-Month Periods Ended September 30,

($’s in thousands)

    

2025

    

2024

    

2025

    

2024

Research and development

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$

—

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$

150

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$

—

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$

466

Selling, general and administrative

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1,854

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1,490

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4,513

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4,254

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

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$

1,854

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$

1,640

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$

4,513

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$

4,720

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, 2024

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2,471,945

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$

1.41

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$

6,191,995

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3.20

Granted

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491,585

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6.31

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—

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—

Exercised

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(1,415,797)

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0.30

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—

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Forfeited

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(13,463)

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4.05

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—

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Expired

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(2,500)

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4.57

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—

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—

Outstanding options at September 30, 2025

 

1,531,770

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$

3.51

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$

5,535,283

 

6.50

Options vested and exercisable at September 30, 2025

 

819,705

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$

1.97

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$

4,222,565

 

4.38

Schedule of restricted stock units

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Weighted

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Number of

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average grant

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units

    

date Fair value

Unvested balance at December 31, 2024

 

2,339,961

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$

4.33

Granted

 

561,589

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6.66

Vested

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(927,446)

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4.30

Forfeited

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(76,667)

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4.54

Unvested balance at September 30, 2025

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1,897,437

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$

5.03