Quarterly report pursuant to Section 13 or 15(d)

Stock Based Awards (Tables)

v3.23.2
Stock Based Awards (Tables)
 6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity

The following table summarizes stock option transactions for the 2015 Plan, collectively, for the six months ended June 30, 2023 (in thousands, except per share amounts):

 

    Number of
Shares
Available
for Grant		     Total
Options
Outstanding		     Weighted
Average
Exercise
Price		     Aggregate
Intrinsic
Value		  
Balance at December 31, 2022     484       350     $ 15.03     $ 0.00  
Increase in authorized options     -       -       -       -  
Exercised     -       -       -       -  
Granted     -       -       -       -  
Expired     -       -       -       -  
Cancelled     -       -       -       -  
Balance at June 30, 2023     484       350     $ 14.98     $ 0.00  
Schedule of Share-based Compensation, Stock Options, Assumption

The fair value of share option award is estimated using the Black-Scholes option pricing method based on the following weighted-average assumptions:

 

    2023     2022  
    Six Months Ended June 30,  
    2023     2022  
             
Risk-Free interest rate     1.64 %     1.04 %
Expected dividend yield     0.00 %     0.00 %
Expected volatility     87.82 %     76.24 %
Expected term (in years)     4.81       4.33  
Schedule of Common Stock Reserved for Future Issuance

The following table presents information concerning common stock available for future issuance (in thousands) as of:

 

    June 30, 2023     June 30, 2022  
Stock options issued and outstanding     350       195  
Shares authorized for future option grants     484       639  
Warrants outstanding     13       20  
Total     847       10,253