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

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Three-Month Periods Ended June 30,

    

Six-Month Periods Ended June 30,

($’s in thousands)

    

2024

    

2023

    

2024

    

2023

Research and development

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$

171

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$

30

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$

316

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$

64

Selling, general and administrative

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1,503

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843

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2,764

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1,455

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

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$

1,674

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$

873

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$

3,080

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$

1,519

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, 2023

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2,769,869

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$

1.49

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$

3,441,146

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4.53

Granted

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25,000

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4.57

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—

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—

Exercised

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(70,044)

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1.41

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—

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—

Forfeited

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(127,754)

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2.88

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—

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—

Expired

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(20,250)

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2.12

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—

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—

Outstanding options at June 30, 2024

 

2,576,821

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$

1.45

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$

10,789,612

 

3.85

Options vested and exercisable at June 30, 2024

 

2,004,897

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$

0.97

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$

9,364,264

 

2.56

Schedule of restricted stock units

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Weighted

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Number of

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average grant

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units

    

date Fair value

Unvested balance at December 31, 2023

 

1,306,923

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$

3.88

Granted

 

1,717,500

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4.34

Vested

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(282,195)

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3.87

Forfeited

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(17,500)

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5.02

Unvested balance at June 30, 2024

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2,724,728

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$

4.17