Quarterly report pursuant to Section 13 or 15(d)

SHARE BASED COMPENSATION (Tables)

v3.24.3
SHARE BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2024
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)

    

2024

    

2023

    

2024

    

2023

Research and development

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$

150

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$

23

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$

466

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$

87

Selling, general and administrative

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1,490

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535

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4,254

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1,990

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

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$

1,640

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$

558

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$

4,720

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$

2,077

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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Exercised

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(101,568)

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1.59

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Forfeited

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(143,349)

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2.88

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Expired

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(26,306)

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2.30

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Outstanding options at September 30, 2024

 

2,523,646

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$

1.43

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$

10,640,203

 

3.55

Options vested and exercisable at September 30, 2024

 

2,087,920

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$

1.10

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$

9,508,566

 

2.58

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

 

2,098,912

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4.56

Vested

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(893,901)

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4.04

Forfeited

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(27,500)

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4.61

Unvested balance at September 30, 2024

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2,484,434

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$

4.39