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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2024
Stock-Based Compensation  
Schedule of Stock Based Compensation Expense

    

Three Months Ended

    

Six Months Ended

    

 

June 30, 

 

June 30, 

 

    

2024

    

2023

    

2024

    

2023

General and administrative

$

168

$

243

$

321

$

522

Research and development

21

$

116

71

238

Stock-based compensation costs

$

189

$

359

$

392

$

760

Schedule of Fair Value of the Stock Options Granted

Six months ended

Six months ended

 

June 30, 2024

 

June 30, 2023

Expected term (years)

 

6

 

5 - 6

Risk free interest rate

 

3.995%

3.660%  – 4.050%

Volatility

 

93%

89% – 92%

Expected dividend yield over expected term

 

0.00%

0.00%

Resulting weighted average grant date fair value

 

$1.77

$6.63

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, 2023

 

142,796

$

50.20

 

7.96

$

Granted

12,500

$

2.28

 

$

Exercised

$

 

$

Cancelled/forfeited

(23,552)

$

47.39

 

$

Options outstanding at June 30, 2024

 

131,744

$

46.16

 

7.32

$

Unvested at June 30, 2024

 

27,377

$

16.51

 

8.72

$

Vested and exercisable at June 30, 2024

 

104,367

$

53.94

 

6.95

$

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 December 31, 2023

 

34,498

$

16.26

8.96 years

Granted

12,500

2.28

Cancelled/forfeited

(6,072)

15.76

Restricted Stock Units outstanding at June 30, 2024

40,926

$

12.07

8.80 years

Unvested at June 30, 2024

 

13,531

$

11.90

8.71 years

Vested at June 30, 2024

 

27,396

$

12.15

8.84 years