Annual report pursuant to Section 13 and 15(d)

SHARE BASED COMPENSATION (Tables)

v3.24.1
SHARE BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2023
SHARE-BASED COMPENSATION  
Summary of components of share-based compensation expense

    

Year Ended December 31,

($’s in thousands)

2023

    

2022

Research and development

$

110

$

73

Selling, general and administrative

 

2,496

 

4,352

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

$

2,606

$

4,425

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

    

2023

Risk-free interest rate

 

3.45% - 4.44%

Expected volatility

 

89.09% - 101.75%

Weighted average expected volatility

 

91.08%

Expected term (years)

 

5.37 - 6.25

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, 2022

2,960,000

$

1.76

$

2,217,815

5.65

Granted

430,756

1.64

Exercised

(82,300)

1.46

Forfeited

(504,687)

3.06

Expired

 

(33,900)

 

3.58

 

 

Outstanding options at December 31, 2023

 

2,769,869

$

1.49

$

3,441,146

 

4.53

Options vested and exercisable at December 31, 2023

 

1,984,475

$

0.96

$

1,758,134

 

2.83

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

119,888

1.82

Vested

(727,249)

3.96

Forfeited

(346,764)

4.10

Unvested balance at December 31, 2023

1,306,923

$

3.88