| Summary of Stock Options Activity |
The following table summarizes total stock option activity for all Company plans:
|
|
|
|
|
|
|
|
|
Equity Plans |
|
Inducement Plan |
|
Total |
Options outstanding December 31, 2021 |
|
948,639 |
|
120,000 |
|
1,068,639 |
Granted |
|
190,753 |
|
6,332 |
|
197,085 |
Exercised |
|
— |
|
— |
|
— |
Forfeited |
|
— |
|
(3,333) |
|
(3,333) |
Cancelled Shares |
|
(906,800) |
|
— |
|
(906,800) |
Expired |
|
— |
|
— |
|
— |
Options outstanding December 31, 2022 |
|
232,592 |
|
122,999 |
|
355,591 |
Granted |
|
855,000 |
|
2,500 |
|
857,500 |
Exercised |
|
— |
|
— |
|
— |
Forfeited |
|
(103,437) |
|
(666) |
|
(104,103) |
Expired |
|
— |
|
— |
|
— |
Options outstanding December 31, 2023 |
|
984,155 |
|
124,833 |
|
1,108,988 |
Granted |
|
— |
|
— |
|
— |
Exercised |
|
(87,333) |
|
— |
|
(87,333) |
Forfeited |
|
(59,935) |
|
(120,000) |
|
(179,935) |
Expired |
|
— |
|
— |
|
— |
Options outstanding December 31, 2024 |
|
836,887 |
|
4,833 |
|
841,720 |
The following table summarizes the total number of options outstanding and the weighted-average exercise price:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of
Shares |
|
|
Weighted
Average Exercise
Price |
|
|
Weighted
Average
Remaining
Contractual Life
in Years |
|
|
Aggregate
Intrinsic
Value
(in thousands) |
|
Options outstanding December 31, 2021 |
|
|
1,068,639 |
|
|
$ |
30.12 |
|
|
|
9.42 |
|
|
|
— |
|
Granted |
|
|
197,085 |
|
|
$ |
2.88 |
|
|
|
|
|
|
|
Exercised |
|
|
— |
|
|
|
|
|
|
|
|
|
|
Forfeited |
|
|
(3,333 |
) |
|
$ |
6.15 |
|
|
|
|
|
|
|
Cancelled Shares |
|
|
(906,800 |
) |
|
$ |
33.16 |
|
|
|
|
|
|
|
Expired |
|
|
— |
|
|
|
|
|
|
|
|
|
|
Options outstanding December 31, 2022 |
|
|
355,591 |
|
|
$ |
7.49 |
|
|
|
9.12 |
|
|
|
— |
|
Granted |
|
|
857,500 |
|
|
$ |
1.00 |
|
|
|
|
|
|
|
Exercised |
|
|
— |
|
|
|
|
|
|
|
|
|
|
Forfeited |
|
|
(104,103 |
) |
|
$ |
2.08 |
|
|
|
|
|
|
|
Expired |
|
|
— |
|
|
|
|
|
|
|
|
|
|
Options outstanding December 31, 2023 |
|
|
1,108,988 |
|
|
$ |
2.73 |
|
|
|
8.94 |
|
|
$ |
832 |
|
Granted |
|
|
— |
|
|
|
|
|
|
|
|
|
|
Exercised |
|
|
(87,333 |
) |
|
$ |
1.00 |
|
|
|
|
|
|
|
Forfeited |
|
|
(179,935 |
) |
|
$ |
5.30 |
|
|
|
|
|
|
|
Expired |
|
|
— |
|
|
|
|
|
|
|
|
|
|
Options outstanding December 31, 2024 |
|
|
841,720 |
|
|
$ |
2.37 |
|
|
|
7.76 |
|
|
$ |
549 |
|
Exercisable at December 31, 2024 |
|
|
533,812 |
|
|
$ |
3.10 |
|
|
|
7.50 |
|
|
$ |
314 |
|
|
| Summary of Restricted Share Units (RSUs) |
The following table summarizes the number of RSUs granted covering an equal number of the Company’s ordinary shares for all of our plans:
|
|
|
|
|
|
|
|
|
Equity Plans |
|
Inducement Plan |
|
Total |
RSUs outstanding December 31, 2021 |
|
85,684 |
|
33,333 |
|
119,017 |
Granted |
|
66,398 |
|
— |
|
66,398 |
Shares vested |
|
(48,353) |
|
(8,334) |
|
(56,687) |
Forfeited |
|
— |
|
— |
|
— |
RSUs outstanding December 31, 2022 |
|
103,729 |
|
24,999 |
|
128,728 |
Granted |
|
— |
|
— |
|
— |
Shares vested |
|
(103,729) |
|
(8,333) |
|
(112,062) |
Forfeited |
|
— |
|
— |
|
— |
RSUs outstanding December 31, 2023 |
|
— |
|
16,666 |
|
16,666 |
Granted |
|
— |
|
— |
|
— |
Shares vested |
|
— |
|
— |
|
— |
Forfeited |
|
— |
|
(16,666) |
|
(16,666) |
RSUs outstanding December 31, 2024 |
|
— |
|
— |
|
— |
The table below shows the total number of RSUs granted and the weighted-average grant date fair value of the total RSUs granted:
|
|
|
|
|
|
|
|
|
|
|
Number of
Shares |
|
|
Weighted
Average
Grant Date Fair
Value per Share |
|
RSUs outstanding December 31, 2021 |
|
|
119,017 |
|
|
$ |
19.16 |
|
Granted |
|
|
66,398 |
|
|
$ |
2.91 |
|
Shares vested |
|
|
(56,687 |
) |
|
$ |
21.23 |
|
Forfeited |
|
|
— |
|
|
|
|
RSUs outstanding December 31, 2022 |
|
|
128,728 |
|
|
$ |
9.87 |
|
Granted |
|
|
— |
|
|
|
|
Shares vested |
|
|
(112,062 |
) |
|
$ |
10.26 |
|
Forfeited |
|
|
— |
|
|
|
|
RSUs outstanding December 31, 2023 |
|
|
16,666 |
|
|
$ |
7.26 |
|
Granted |
|
|
— |
|
|
|
|
Shares vested |
|
|
— |
|
|
|
|
Forfeited |
|
|
(16,666 |
) |
|
$ |
7.26 |
|
RSUs outstanding December 31, 2024 |
|
|
— |
|
|
|
|
|