Quarterly report pursuant to Section 13 or 15(d)

SHARE BASED COMPENSATION (Tables)

v3.22.2.2
SHARE BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2022
SHARE BASED COMPENSATION  
Summary of components of share-based compensation expense

    

Three-Month Periods Ended

    

Nine-Month Periods Ended

September 30,

September 30,

($'s in thousands)

    

2022

    

2021

    

2022

    

2021

Research and development

$

34

$

$

34

$

Selling, general and administrative

 

1,404

 

8

 

2,951

 

41

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

$

1,438

$

8

$

2,985

$

41

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, 2021

2,104,334

$

0.79

$

9,661,393

4.68

Granted

1,079,000

3.65

9.76

Exercised

(155,649)

1.01

225,069

Forfeited

(71,500)

1.39

19,795

Expired

(9,685)

1.39

10,362

Outstanding options at September 30, 2022

 

2,946,500

$

0.78

$

3,272,210

 

5.80

Options vested and exercisable at September 30, 2022

 

1,907,500

$

0.76

$

3,244,800

 

3.69

Schedule of restricted stock units

    

Weighted

average

Number of

grant date

    

units

    

Fair value

Unvested balance at December 31, 2021

 

715,030

$

4.12

Granted

 

1,907,225

 

4.10

Vested

(170,666)

4.32

Forfeited

(50,000)

5.02

Unvested balance at September 30, 2022

2,401,589

$

4.07