Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.22.2
STOCK-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2022
Share-based Payment Arrangement [Abstract]  
Share-based Payment Arrangement, Option, Activity
The following is a summary of stock option activity during the six months ended June 30, 2022:
Number of
options
outstanding		 Weighted
average
exercise
price (*)		 Average
remaining
contractual life
(in years)		 Aggregate
intrinsic value
(in thousands)
Outstanding – December 31, 2021
 1,105,938  $ 2.03  8.8 $ 1,535 
Options granted
 961,000  1.39 
Options exercised
 (28,571) — 
Outstanding – June 30, 2022
 2,038,367  1.72  8.9 499 
Exercisable – June 30, 2022
 451,133  $ 0.89  7.7 $ 366 
(*) $ - Indicates exercise price less than $0.01 per share
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions For the six months ended June 30, 2022 and 2021, the assumptions used in the Black-Scholes option pricing model, which was used to estimate the grant date fair value per option, were as follows:
Six months ended June 30,
2022 2021
Weighted-average Black-Scholes option pricing model assumptions:
Volatility
107.25% - 110.98%
76.8% - 76.9%
Expected term (in years)
5.73 - 5.80
 5.66
Risk-free rate
1.47% - 2.85%
0.48% - 0.82%
Expected dividend yield —  — 
Weighted average grant date fair value per share
$1.08 - $1.75
$1.59 - $1.81
Schedule of Nonvested Restricted Stock Units Activity
The following is a summary of RSU’s awards activity during the six months ended June 30, 2022:

Six months ended June 30, 2022
Numbers of Shares Weighted Average Grant Date Fair value
Non-Vested at beginning of period 30,000  $ 3.20 
Shares vested 7,500  3.20 
Non-vested 22,500  $ 3.20 
Share-based Payment Arrangement, Expensed and Capitalized, Amount
The following is a summary of stock-based compensation expense:
Three months ended June 30, Six months ended June 30,
2022 2021 2022 2021
General and administration
Stock options 175,900  21,000  296,800  26,000 
RSU’s 23,100  —  35,000  — 
Total general and administration 199,000  21,000  331,800  26,000 
R&D
Stock options 64,800  2,400  90,900  6,000 
Total $ 263,800  $ 23,400  $ 422,700  $ 32,000