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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2023
Stock Based Compensation [Abstract]  
Schedule of Stock Based Compensation Expense

    

Three Months Ended

    

Six Months Ended

    

 

June 30, 

 

June 30, 

 

    

2023

    

2022

    

2023

    

2022

General and administrative

$

243

$

216

$

522

$

469

Research and development

116

$

134

$

238

$

262

Stock-based compensation costs before income taxes

$

359

$

350

$

760

$

731

Schedule of Fair Value of the Stock Options Granted

Six months ended

Six months ended

 

June 30, 2023

 

June 30, 2022

Expected term (years)

 

5-6

 

5-6

Risk free interest rate

 

3.660%  – 4.050%

1.370% – 3.605%

Volatility

 

89% – 92%

87% – 93%

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, 2022

 

1,610,590

$

5.85

 

8.34

$

Granted

 

650,128

$

0.59

 

 

Cancelled/forfeited

 

(65,372)

$

15.53

 

 

Options outstanding at June 30, 2023

 

2,195,346

$

4.00

 

8.41

$

3

Unvested at June 30, 2023

 

1,097,852

$

1.80

 

9.32

$

3

Vested and exercisable at June 30, 2023

 

1,097,494

$

6.21

 

7.50

$

Schedule of Restricted Stock Units Activity

 

 

Weighted

Weighted

 

 

Average

Average

Restricted

 

Grant Date

Remaining

Stock Units

Value Per Share

Term

Restricted Stock Units outstanding at June 30, 2023

521,971

$

1.08

9.46 years

Unvested at June 30, 2023

 

400,927

$

0.82

9.70 years

Vested and exercisable at June 30, 2023

 

121,044

$

1.95

8.68 years