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

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Three-Month Periods Ended

    

Nine-Month Periods Ended

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September 30,

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September 30,

($'s in thousands)

    

2022

    

2021

    

2022

    

2021

Research and development

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$

34

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$

—

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$

34

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$

—

Selling, general and administrative

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1,404

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8

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2,951

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41

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

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$

1,438

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$

8

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$

2,985

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$

41

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, 2021

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2,104,334

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$

0.79

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$

9,661,393

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4.68

Granted

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1,079,000

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3.65

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—

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9.76

Exercised

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(155,649)

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1.01

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225,069

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—

Forfeited

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(71,500)

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1.39

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19,795

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—

Expired

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(9,685)

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1.39

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10,362

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—

Outstanding options at September 30, 2022

 

2,946,500

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$

0.78

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$

3,272,210

 

5.80

Options vested and exercisable at September 30, 2022

 

1,907,500

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$

0.76

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$

3,244,800

 

3.69

Schedule of restricted stock units

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Weighted

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average

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Number of

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grant date

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units

    

Fair value

Unvested balance at December 31, 2021

 

715,030

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$

4.12

Granted

 

1,907,225

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4.10

Vested

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(170,666)

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4.32

Forfeited

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(50,000)

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5.02

Unvested balance at September 30, 2022

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2,401,589

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$

4.07