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STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Options And Stock Awards

Stock option activity is summarized as follows:

			Number of options						Weighted average exercise price
Outstanding at December 31, 2023			7,342,883						$	6.31
Granted			1,468,929						2.36
Exercised			(569)						2.50
Canceled and forfeited			(298,079)						7.63
Outstanding at March 31, 2024			8,513,164						$	5.58

Schedule of Option Fair Value Assumptions

The Company calculated the grant date fair value of options granted in 2024 (“2024 Grants”) utilizing a Black Scholes model.

			2024 Grants
Strike price			$1.27			-			$2.42
Risk-free rate			4.0%			-			4.2%
Expected dividend yield			—
Expected volatility			92.1%			-			94.3%
Expected term (in years)			6

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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