Quarterly report pursuant to Section 13 or 15(d)

SHARE BASED COMPENSATION (Tables)

v3.24.2.u1
SHARE BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2024
SHARE-BASED COMPENSATION  
Summary of components of share-based compensation expense

    

Three-Month Periods Ended June 30,

    

Six-Month Periods Ended June 30,

($’s in thousands)

    

2024

    

2023

    

2024

    

2023

Research and development

$

171

$

30

$

316

$

64

Selling, general and administrative

 

1,503

 

843

 

2,764

 

1,455

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

$

1,674

$

873

$

3,080

$

1,519

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, 2023

2,769,869

$

1.49

$

3,441,146

4.53

Granted

25,000

4.57

Exercised

(70,044)

1.41

Forfeited

(127,754)

2.88

Expired

(20,250)

2.12

Outstanding options at June 30, 2024

 

2,576,821

$

1.45

$

10,789,612

 

3.85

Options vested and exercisable at June 30, 2024

 

2,004,897

$

0.97

$

9,364,264

 

2.56

Schedule of restricted stock units

    

Weighted

Number of

average grant

    

units

    

date Fair value

Unvested balance at December 31, 2023

 

1,306,923

$

3.88

Granted

 

1,717,500

 

4.34

Vested

(282,195)

3.87

Forfeited

(17,500)

5.02

Unvested balance at June 30, 2024

2,724,728

$

4.17