Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.24.3
STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
The following table summarizes the inputs into the Black-Scholes model for all time-vesting stock options granted during the nine months ended September 30, 2024:

The following table summarizes the inputs into the Black-Scholes model for all time-vesting stock options granted during the nine months ended September 30, 2024:

 

    September 30, 2024
         
Dividend yield     0.00 %
Expected Volatility     46.18 - 59.97 %
Expected dividends     —  
Expected term (in years)     6.25  
Risk-free rate     3.78% - 4.63 %
The following table summarizes the status of the stock options outstanding at September 30, 2024:

The following table summarizes the status of the stock options outstanding at September 30, 2024:

 

    Shares   Weighted
Average
Exercise
Price
         
Outstanding at January 1   3,256,250   $ 3.66
Granted   537,025   $ 1.67
Exercised   —   $ —
Forfeited/canceled   (898,750 )  $ 4.96
Outstanding at September 30   2,894,525   $ 3.03
Options exercisable at September 30   1,446,250   $ 3.37
Weighted average fair value of options granted during the period   —   $ 1.37
Stock-based compensation expense   —   $ 1,122,128
The following table presents information pertaining to options outstanding at September 30, 2024:

The following table presents information pertaining to options outstanding at September 30, 2024:

 

Range of Exercise Price   Number
Outstanding		   Weighted
Average
Remaining
Contractual
Life		   Weighted
Average
Exercise
Price		   Number
Exercisable		   Weighted
Average
Exercise
Price		  
                           
$2.08 - $3.88   2,894,525   7.40 years   $ 3.03   1,446,250   $ 3.37  
The following table summarizes the activities for our unvested performance-vesting stock option awards for the nine months ended September 30, 2024:

 The following table summarizes the activities for our unvested performance-vesting stock option awards for the nine months ended September 30, 2024:

 

    Shares   Weighted
Average
Grant-Date
Fair Value		  
           
Unvested at January 1   200,000   $ 1.48  
Granted   —   $ —  
Vested   —   $ —  
Forfeited/canceled   —   $ —  
Unvested/outstanding at September 30   200,000   $ 1.48  
The following table summarizes the activities for our restricted stock awards, RSUs, and PSUs for the nine months ended September 30, 2024:

The following table summarizes the activities for our restricted stock awards, RSUs, and PSUs for the nine months ended September 30, 2024:

 

    Shares   Weighted
Average
Grant-Date Fair Value		  
           
Unvested at January 1   904,496   $ 1.80  
Granted   458,975   $ 2.30  
Vested   (81,789 ) $ 3.38  
Forfeited/canceled   (11,745 ) $ 2.30  
Unvested at September 30   1,269,937   $ 2.74  
The following table summarizes the activities for our common stock warrants issued in connection with our loan financing agreement with our lender for the nine months ended September 30, 2024:

The following table summarizes the activities for our common stock warrants issued in connection with our loan financing agreement with our lender for the nine months ended September 30, 2024:

 

    Shares   Weighted
Average
Grant-Date Fair Value		  
           
Unvested at January 1   —   $ —  
Granted   76,104   $ 1.37  
Vested   (38,052 ) $ 1.37  
Forfeited/canceled   —   $ —  
Unvested at September 30   38,052   $ 1.37