Quarterly report pursuant to Section 13 or 15(d)

Stock Based Awards (Tables)

v3.23.3
Stock Based Awards (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2023 (in thousands, except per share amounts):

 

Schedule of Share-based Compensation, Stock Options, Activity

    Number of
Shares
Available
for Grant		     Total
Options
Outstanding		     Weighted
Average
Exercise
Price		     Aggregate
Intrinsic
Value		  
Balance at December 31, 2022     484       350     $ 14.98     $ 0.00  
Increase in authorized options     -       -       -       -  
Exercised     -       -       -       -  
Granted     (209 )     209       2.67       -  
Expired     -       -       -       -  
Cancelled     -       -       -       -  
Balance at September 30, 2023     275       559     $ 10.37     $ -  
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:

 

Schedule of Share-based Compensation, Stock Options, Assumption

    2023     2022  
    Nine Months Ended September 30,  
    2023     2022  
             
Risk-Free interest rate     2.33 %     1.64 %
Expected dividend yield     0.00 %     0.00 %
Expected volatility     95.08 %     87.81 %
Expected term (in years)     5.10       4.8  
Schedule of Common Stock Reserved for Future Issuance

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

 

Schedule of Common Stock Reserved for Future Issuance

    September 30, 2023     September 30, 2022  
Stock options issued and outstanding     558       350  
Shares authorized for future option grants     275       484  
Warrants outstanding     13       20  
Total     846       854