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STOCKHOLDERS' EQUITY (Tables)
6 Months Ended
Jun. 30, 2024
STOCKHOLDERS' EQUITY [Abstract]  
Warrants Outstanding The following table summarizes information about warrants outstanding for the six months ended June 30, 2024:

   
Shares
   
Weighted
Average
Exercise Price
 
Warrants outstanding at December 31, 2023
   
12,502,906

 
$
2.32
 
Expired
   
(34,800
)
 
$
7.50
 
Granted
   
-

 
$
-
 
Exercised
   
(9,345,756
)
 
$
2.38
 
Warrants outstanding at June 30, 2024
   
3,122,350

 
$
2.08
 
Schedule of Assumptions The following assumptions were used to determine the fair value of options granted during the six months ended June 30, 2024 and 2023:

   
Six Months Ended June 30,
 
   
2024
   
2023
 
Expected term
 
5.5 - 6.3 years
   
5.5 - 6.3 years
 
Volatility
 
66%

 
68%

Dividend yield
 
0.0
   
0.0
 
Risk-free interest rate
 
4.29-4.34%

 
4.20-4.24%

Schedule of Option Activity


A summary of the Company’s option activity under the Company’s equity incentive plans and related information is as follows:


   
Shares
   
Weighted
Average
Exercise Price
 
Options outstanding, vested and expected to vest at December 31, 2023
   
5,906,184
   
$
3.38
 
Forfeited
   
(15,702
)
 
$
1.94
 
Expired
   
(212,717
)
 
$
7.55
 
Granted
   
1,396,524
   
$
5.65
 
Exercised     (555,171 )   $ 2.76  
Options outstanding, vested and expected to vest at June 30, 2024
   
6,519,118
   
$
3.79
 
                 
Options exercisable
   
3,585,489
   
$
3.55
 
Schedule of Unvested RSU Activity A summary of the Company’s unvested RSU activity and related information is as follows:

   
Shares
   
Weighted
Average Grant
Date Fair Value
 
Balance at December 31, 2023
   
4,657,297
   
$
2.81
 
Granted
   
2,781,288
   
$
5.61
 
Vested
   
(1,386,350
)
 
$
2.52
 
Forfeited
   
(186,438
)
 
$
3.45
 
Balance at June 30, 2024
   
5,865,797
   
$
4.19
 
Schedule of Stock-Based Compensation Expense

Total stock-based compensation expense for all awards granted under the Company’s equity incentive plans for the three and six months ended June 30, 2024 and 2023 is as follows:

   
Three Months Ended June 30,
   
Six Months Ended June 30,
 
(in thousands)  
2024
   
2023
   
2024
   
2023
 
Research and development
 
$
24
   
$
9
   
$
41
   
$
15
 
Plasma center operating expenses
   
48
     
40
     
87
     
63
 
Selling, general and administrative
   
2,405
     
1,410
     
4,246
     
2,388
 
Cost of product revenue
   
386
     
178
     
630
     
281
 
Total stock-based compensation expense
 
$
2,863
   
$
1,637
   
$
5,004
   
$
2,747