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

    

Three-Month Periods Ended September 30,

    

Nine-Month Periods Ended September 30,

($’s in thousands)

    

2024

    

2023

    

2024

    

2023

Research and development

$

150

$

23

$

466

$

87

Selling, general and administrative

 

1,490

 

535

 

4,254

 

1,990

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

$

1,640

$

558

$

4,720

$

2,077

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

(101,568)

1.59

Forfeited

(143,349)

2.88

Expired

(26,306)

2.30

Outstanding options at September 30, 2024

 

2,523,646

$

1.43

$

10,640,203

 

3.55

Options vested and exercisable at September 30, 2024

 

2,087,920

$

1.10

$

9,508,566

 

2.58

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

 

2,098,912

 

4.56

Vested

(893,901)

4.04

Forfeited

(27,500)

4.61

Unvested balance at September 30, 2024

2,484,434

$

4.39