Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.24.3
STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF STOCK BASED COMPENSATION

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

 

    2024     2023     2024     2023  
    For the three months ended September 30, 2024     For the nine months ended September 30,  
    2024     2023     2024     2023  
                         
Research and development   $ 485     $ 339     $ 1,055     $ 743  
General and administrative     1,319       1,218       3,618       2,511  
Total stock-based compensation expense   $ 1,804     $ 1,557     $ 4,673     $ 3,254  
SCHEDULE OF STOCK OPTION ACTIVITY

The following table summarizes stock option activity during the nine months ended September 30, 2024:

 

    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     (1,863 )   $ 34.45           $  
Exercised         $           $  
Outstanding at September 30, 2024     177,138     $ 38.62       6.09     $ 8  
Exercisable     157,029     $ 38.91       5.99     $ 5  
Unvested     20,109     $ 36.35       6.83     $ 3  
SCHEDULE OF RESTRICTED STOCK AWARD ACTIVITY

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

 

    Number of
Awards
    Weighted Average
Grant Date Fair
Value Per Unit
 
             
Outstanding at December 31, 2023     2,448,169     $ 4.25  
Granted     1,964,254     $ 4.89  
Cancelled/forfeited     (169,860 )   $ 3.73  
Vested     (974,149 )   $ 4.62  
Outstanding at September 30, 2024     3,268,414     $ 4.56