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Stock Based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Stock Based Compensation [Abstract]  
Schedule of Stock Based Compensation Expense

    

Three Months Ended

    

Six Months Ended

    

 

June 30, 

 

June 30, 

 

    

2022

    

2021

    

2022

    

2021

General and administrative

$

216

$

190

$

469

$

364

Research and development

134

$

88

$

262

$

169

Stock-based compensation costs before income taxes

$

350

$

278

$

730

$

533

Schedule of Fair Value of the Stock Options Granted

Six months ended

Six months ended

 

June 30, 2022

 

June 30, 2021

Expected term (years)

 

5 – 6

 

5 – 6

Risk free interest rate

 

1.370% – 3.605%

0.420% – 1.00%

Volatility

 

87 – 93%

98 – 102%

Expected dividend yield over expected term

 

0.00%

0.00%

Schedule of Share Option Activity

A summary of the share option activity and related information is as follows:

    

    

    

Weighted

    

 

 

Weighted

 

Average

 

 

Number of

 

Average

 

Remaining

 

Aggregate

Options

 

Exercise

 

Contractual

Intrinsic

Outstanding

Price Per Share

 

Term (Years)

Value ($000)

Options outstanding at December 31, 2021

 

1,099,357

$

7.53

 

8.99

$

189

Granted

 

517,337

$

2.42

 

 

Cancelled/forfeited

 

(3,604)

$

28.15

 

 

Options outstanding at June 30, 2022

 

1,613,090

$

5.84

 

8.85

$

Unvested at June 30, 2022

 

1,090,833

$

3.25

 

9.35

$

Vested and exercisable at June 30, 2022

 

522,257

$

11.25

 

7.79

$

Schedule of Restricted Stock Units Activity

 

 

Weighted

 

 

Average

Restricted

 

Grant Date

Stock Units

Value Per Share

Restricted Stock Units outstanding at December 31, 2021

 

18,992

$

6.69

Granted

118,665

1.11

Restricted Stock Units outstanding at June 30, 2022

137,657

$

Unvested at June 30, 2022

 

120,248

$

1.18

Vested and exercisable at June 30, 2022

 

17,409

$

6.69