Quarterly report pursuant to Section 13 or 15(d)

SHARE BASED COMPENSATION (Tables)

v3.23.3
SHARE BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2023
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)

    

2023

    

2022

    

2023

    

2022

Research and development

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$

23

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$

34

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$

87

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$

34

Selling, general and administrative

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535

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1,404

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1,990

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2,951

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

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$

558

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$

1,438

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$

2,077

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$

2,985

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, 2022

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2,960,000

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$

1.76

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$

2,217,815

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5.65

Granted

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430,756

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1.64

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—

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Exercised

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(23,000)

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1.08

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—

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—

Forfeited

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(445,838)

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3.08

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—

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Expired

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(23,850)

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3.55

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—

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—

Outstanding options at September 30, 2023

 

2,898,068

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$

1.53

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$

4,107,260

 

4.84

Options vested and exercisable at September 30, 2023

 

2,051,950

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$

0.99

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$

3,743,200

 

3.09

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, 2022

 

2,261,048

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$

4.05

Granted

 

119,888

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1.82

Vested

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(708,082)

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3.94

Forfeited

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(307,042)

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4.27

Unvested balance at September 30, 2023

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1,365,812

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$

3.87