Quarterly report pursuant to Section 13 or 15(d)

Stock Plans

v3.24.2.u1
Stock Plans
 6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Stock Plans

 

2. Stock Plans

 

The following table summarizes option activity:

 

                               
    Options
(in thousands)		     Weighted
Average
Exercise
Price
per share		     Weighted
Average
Remaining
Option Term
(in years)		     Aggregate
Intrinsic
Value
(in thousands)		  
Outstanding at December 31, 2023     93     $ 73.46       8.35     $ -  
Outstanding at June 30, 2024     93       72.76       7.55       -  
Exercisable at June 30, 2024     93       72.76       7.55       -  

 

The following table summarizes the stock-based compensation expense recorded for awards under our stock option plans:

 

                               
    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
(in thousands)   2024     2023     2024     2023  
Research and development   $ -     $ 26     $ -     $ 54  
Selling, general and administrative     -       239       -       500  
Total stock-based compensation   $ -      $ 265     $ -     $ 554  

 

We use the Black-Scholes-Merton option-pricing model to estimate the fair value of our stock options. There were no options granted or shares awarded during the six months ended June 30, 2024 and 2023.

 

As of June 30, 2024, there was no unrecognized compensation expense related to non-vested stock options.