Annual report [Section 13 and 15(d), not S-K Item 405]

Stock Plans (Tables)

v3.25.1
Stock Plans (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of our option activity
                               
    Shares
(in thousands)
    Weighted Average
Exercise Price
per Share
    Weighted Average
Remaining Contractual
Term (years)
    Aggregate
Intrinsic Value
(in thousands
of U.S. dollars)
 
Outstanding at January 1, 2024     93     $ 73.46       8.35     $ -  
Granted     -                       -  
Released     -                      

-

Cancelled/expired     (14 )     89.81               -  
Outstanding at December 31, 2024     79     $ 69.85       7.15     $ -  
Exercisable at December 31, 2024     79     $ 69.85       7.15     $ -  
Schedule of assumptions to estimate the fair value of options
               
    For the
Years Ended
December 31,
 
    2024     2023  
Weighted-average risk-free interest rate     - %     4.1 %
Expected dividend payments     -       -  
Expected holding period (years)(1)     -       5.28  
Weighted-average volatility factor(2)     -       1.10  
Estimated forfeiture rates for options granted(3)     - %     7 %

 

 
(1) Expected holding period is based on historical experience of similar awards, giving consideration to the contractual terms of the stock-based awards, vesting schedules and the expectations of future employee behavior.
(2) Weighted average volatility is based on the historical volatility of our common stock.
(3) Estimated forfeiture rates are based on historical data.
Schedule of the stock-based compensation expense
               
    For the
Years Ended
December 31,
 
(in thousands of U.S. dollars)   2024     2023  
Research and development   $ -     $ 112  
General and administrative     -       901  
Total stock-based compensation expense   $ -     $ 1,013