Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF STOCK BASED COMPENSATION

The following table summarizes stock-based compensation expense for the three and six months ended June 30, 2024 and 2023 (in thousands):

 

SCHEDULE OF STOCK BASED COMPENSATION

    2024     2023     2024     2023  
    For the three months ended June 30     For the six months ended June 30  
    2024     2023     2024     2023  
                         
Research and development   $ 224     $ 218     $ 570     $ 404  
General and administrative     1,099       709       2,299       1,293  
Total stock-based compensation expense   $ 1,323     $ 927     $ 2,869     $ 1,697  
SCHEDULE OF STOCK OPTION ACTIVITY

The following table summarizes stock option activity during the six months ended June 30, 2024:

 

SCHEDULE OF STOCK OPTION ACTIVITY

    Number of
Options
    Weighted
Average
Exercise Price
    Weighted
Average
Remaining
Contractual
Term (years)
    Aggregate
Intrinsic Value
(in thousands)
 
                         
Outstanding at December 31, 2023     179,001     $ 38.58       6.83     $ 3  
Granted         $           $  
Cancelled/forfeited     (142 )   $ 43.71           $  
Exercised         $           $  
Outstanding at June 30, 2024     178,859     $ 38.58       6.29     $ 1  
Exercisable     151,580     $ 38.70       6.16     $ 1  
Unvested     27,279     $ 37.85       7.03     $  
SCHEDULE OF RESTRICTED STOCK AWARD ACTIVITY

The following table summarizes restricted stock award activity during the six months ended June 30, 2024:

 

SCHEDULE OF RESTRICTED STOCK AWARD ACTIVITY

    Number of
Awards
    Weighted Average
Grant Date Fair
Value Per Unit
 
             
Outstanding at December 31, 2023     2,448,169     $ 4.25  
Granted     180,200     $ 5.17  
Cancelled/forfeited     (161,835 )   $ 3.67  
Vested     (818,868 )   $ 4.80  
Outstanding at June 30, 2024     1,647,666     $ 4.14