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SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2023
SHARE-BASED COMPENSATION  
Schedule of Black Scholes option-pricing model with assumptions used

For Year Ended

  

  

December 31, 2022

Expected term (years)

6 years – 6.3 years

Risk-free interest rate

3.1% – 3.6%

Expected volatility

64%

Expected dividend yield

0%

Summary of non-vested share option activity under the share option plans

    

Weighted-

Average

Weighted-

Remaining

Weighted-

Aggregate

Average

Contractual

Average

Intrinsic

Number of

Exercise

Term

Fair Value at

Value

    

Shares

    

Price

    

(Years)

    

Grant Date

    

(in thousands)

Options outstanding at January 1, 2023

 

80,887

 

$

63.31

 

8.77

 

$

34.37

 

Exercised

Cancelled/Forfeited

 

 

 

 

  

 

 

  

 

Expired

 

(10,476)

 

 

64.96

 

  

 

 

  

 

Granted

 

 

 

 

  

 

 

  

 

Options outstanding at December 31, 2023

 

70,411

 

$

63.07

 

7.28

 

$

33.98

 

Options exercisable at December 31, 2023

42,713

$

58.57

6.76

$

39.52

Schedule of stock-based compensation

Year Ended December 31, 

(in thousands)

    

2023

    

2022

Research and development

$

254

$

216

Selling, general and administration

 

463

 

272

Total

$

717

$

488