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

SHARE-BASED COMPENSATION (Tables)

v3.26.1
SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2025
SHARE-BASED COMPENSATION  
Summary of components of share-based compensation expense

  ​ ​ ​

Year Ended December 31, 

($’s in thousands)

2025

  ​ ​ ​

2024

Research and development

$

$

508

Selling, general and administrative

 

6,288

 

5,590

Total non-cash share-based compensation expense

$

6,288

$

6,098

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

  ​ ​ ​

2025

Risk-free interest rate

 

4.06%

Expected volatility

 

94.69%

Expected term (years)

 

5.77

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, 2024

2,471,945

$

1.41

$

6,191,995

3.20

Granted

491,585

6.31

Exercised

(1,420,297)

0.30

Forfeited

(31,189)

4.47

Expired

 

(2,500)

 

4.57

 

 

Outstanding options at December 31, 2025

 

1,509,544

$

3.50

$

6,359,288

 

6.21

Options vested and exercisable at December 31, 2025

 

819,580

$

1.98

$

4,693,725

 

4.13

Schedule of restricted stock units

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Weighted

average

Number of

grant date

  ​ ​ ​

units

  ​ ​ ​

Fair value

Unvested balance at December 31, 2024

2,339,961

$

4.33

Granted

561,589

6.66

Vested

(944,946)

4.32

Forfeited

(108,464)

4.72

Unvested balance at December 31, 2025

1,848,140

$

5.03