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Share-Based Payments (Tables)
 6 Months Ended
Jun. 30, 2023
Share-Based Payments  
Schedule of Stock Option Activity Prior to 2016, InflaRx GmbH granted options under the 2012 Stock Option Plan. Those InflaRx GmbH options were converted into options for ordinary shares of InflaRx N.V. at the time of its IPO in November 2017
Number of share options  2023   2022 
Outstanding as of January 1,   148,433    148,433 
Exercised during the six months ended June 30   
—
    
—
 
Outstanding as of June 30,   148,433    148,433 
thereof vested   148,433    148,433 

 

Number of share options  2023   2022 
Outstanding as of January 1,   888,632    888,632 
Exercised during the six months ended June 30   
—
    — 
Outstanding as of June 30,   888,632    888,632 
thereof vested   888,632    888,632 
Number of share options  2023   2022 
Total number of options outstanding as of January 1,   4,985,523    3,170,046 
Granted during the six months ended June 30,   1,567,250    1,561,666 
Exercised during the six months ended June 30,   105,327    — 
Forfeited during the six months ended June 30,   —    (117,259)
Outstanding as of June 30,   6,447,446    4,614,453 
thereof vested   4,788,759    3,306,162 
Schedule of Fair Value of Options Granted The number of share options granted during the six months ended June 30, 2023 under the 2017 LTIP was as follows

Share options granted 2023

  Number  

Fair value per

option

   FX rate as of grant date  

Fair value per

option

  

Share price at grant date /

Exercise price

   Expected volatility  

Expected life

(midpoint based)

  

Risk-free rate

(interpolated, U.S. sovereign strips curve)

 
                                 
January 24   1,454,250   $2.11    0.9008   €1.90   $2.37    1.35    5.30    3.571%
January 24   52,500   $2.13    0.9008   €1.92   $2.37    1.35    5.50    3.565%
May 31   60,500   $
3,61
    0.9203   €3.32   $4.19    1.35    4.50    3.820%
    1,567,250