Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.23.2
Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Stock Option Activities

The following table summarizes stock option activities for the six months ended June 30, 2023:

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​

​

​

​

​

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​

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Weighted Average

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​

​

​

​

​

​

Remaining

​

​

​

​

Weighted Average

​

Contractual Life (in

​

​

Stock Options

​

Exercise Price

​

years)

Outstanding at December 31, 2022

 

76,112

​

$

59.09

 

4.31

Outstanding at June 30, 2023

 

76,112

​

$

59.09

 

3.81

Options vested and exercisable at June 30, 2023

 

47,570

​

$

59.09

 

3.81

Schedule of Stock-Based Compensation Expense

The following table summarizes stock-based compensation expense for the three and six months ended June 30, 2023, and 2022 (in thousands):

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​

​

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​

​

​

​

​

​

​

​

​

​

​

For the three months ended June 30, 

​

For the six months ended June 30, 

​

    

2023

    

2022

    

2023

    

2022

General and administrative

​

$

153

​

$

208

​

$

262

​

$

355

Research and development (1)

​

 

(108)

​

 

442

​

 

18

​

 

959

Total stock-based compensation expense

​

$

45

​

$

650

​

$

280

​

$

1,314

​

(1) The credit in research and development stock-based compensation expense reflects the reversal of expense related to Restricted Stock Unit forfeitures during the three months ended June 30, 2023.

Summary of Warrant Activities

A summary of warrant activities for the six months ended June 30, 2023, is presented below:

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Weighted Average

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​

​

​

​

​

​

Remaining

​

​

​

​

Weighted Average

​

Contractual Life (in

​

​

Warrants

​

Exercise Price

​

years)

Outstanding as of December 31, 2022

 

70,195

​

$

22.80

 

8.29

Exercised

 

(93)

​

 

—

 

—

Outstanding as of June 30, 2023

 

70,102

​

$

22.80

 

7.80

Restricted Stock Awards [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedules of Restricted Stock and Restricted Stock Unit Activity

The following table summarizes restricted stock award activities for the six months ended June 30, 2023:

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Weighted Average

​

​

​

​

Grant Date Fair

​

​

Number of Shares

​

Value

Nonvested at December 31, 2022

 

34,016

​

$

22.20

Nonvested at June 30, 2023

 

34,016

​

$

22.20

Restricted Stock Units [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedules of Restricted Stock and Restricted Stock Unit Activity

Certain employees and consultants have been awarded restricted stock units with time-based vesting. The following table summarizes restricted stock units’ activities for the six months ended June 30, 2023:

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Weighted Average

​

​

​

​

Grant Date Fair

​

​

Number of Units

​

Value

Nonvested at December 31, 2022

 

165,912

​

$

27.60

Granted

 

27,732

​

 

5.31

Forfeited

​

(32,025)

​

​

30.37

Vested

 

(32,143)

​

 

34.64

Nonvested at June 30, 2023

 

129,476

​

$

20.39