Quarterly report pursuant to Section 13 or 15(d)

SHARE BASED COMPENSATION (Tables)

v3.23.1
SHARE BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2023
SHARE-BASED COMPENSATION  
Summary of components of share-based compensation expense

    

Three-Month Period Ended March 31,

($’s in thousands)

    

2023

    

2022

Research and development

$

33

$

Selling, general and administrative

 

613

 

773

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

$

646

$

773

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, 2022

2,960,000

$

1.76

$

2,217,815

5.65

Granted

10,000

2.54

Exercised

Forfeited

(153,300)

3.45

Expired

Outstanding options at March 31, 2023

 

2,816,700

$

1.67

$

1,550,015

 

5.17

Options vested and exercisable at March 31, 2023

 

1,986,700

$

0.87

$

1,550,015

 

3.46

Schedule of restricted stock units

    

Weighted

average

Number of

grant date

    

units

    

Fair value

Unvested balance at December 31, 2022

 

2,261,048

$

4.05

Granted

 

10,000

 

1.79

Vested

(68,662)

4.16

Forfeited

(270,417)

4.19

Unvested balance at March 31, 2023

1,931,969

$

4.02