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

    

Three Months Ended

    

Nine Months Ended

    

 

September 30, 

 

September 30, 

 

    

2024

    

2023

    

2024

    

2023

General and administrative

$

101

$

279

$

421

$

801

Research and development

6

$

111

78

350

Stock-based compensation costs

$

107

$

390

$

499

$

1,151

Schedule of Fair Value of the Stock Options Granted

Nine months ended

Nine months ended

 

September 30, 2024

 

September 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

(36,307)

$

51.78

 

$

Options outstanding at September 30, 2024

 

118,989

$

44.31

 

7.46

$

Unvested at September 30, 2024

 

20,273

$

14.00

 

8.53

$

Vested and exercisable at September 30, 2024

 

98,716

$

50.54

 

7.24

$

Schedule of Restricted Stock Units Activity

 

 

Weighted

 

 

Average

Restricted

 

Remaining

Stock Units

Term

Restricted Stock Units outstanding at December 31, 2023

 

34,498

8.96 years

Granted

12,500

Cancelled/forfeited

(7,251)

Restricted Stock Units outstanding at September 30, 2024

39,747

8.55 years

Unvested at September 30, 2024

 

10,278

8.31 years

Vested at September 30, 2024

 

29,469

8.64 years