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EQUITY (Tables)
12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
SCHEDULE OF ISSUANCE OF WARRANTS TO PURCHASE COMMON STOCK

 

   Number of
underlying
common stock
   Weighted
average
exercise price

 

 

 

Series E Warrants   198,159   $27.000 
Series F Warrants   433,878   $7.425 
Series G Warrants   1,092,344   $10.230 
Underwriter Warrants   18,277   $7.425 
Other warrants   51,157   $225.000 and above 
Total Warrants   1,793,815   $  
SCHEDULE OF STOCK OPTIONS GRANTED

 

INSPIREMD, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued)

 

NOTE 7 – EQUITY (continued):

 

 

  5) The following table summarizes information about stock options granted to employees:

 

   Year ended December 31 
   2022   2021 
   Number of options  

Weighted

average

exercise price

   Number of options  

Weighted

average

exercise price

 
Outstanding - beginning of period   289,408    5.29    91,692   $6.20 
Granted   7,841    2.61    205,223    4.90 
Forfeited   (2,537)   5.70    (7,507)   5.69 
                     
Outstanding- end of period   294,712    5.21    289,408   $5.29 
Exercisable at the end of the period   123,115    5.51    28,360    6.26 

 

  6) The following table summarizes information about stock options granted to non-employees:

 

   Year ended December 31 
   2022   2021 
   Number of options   Weighted average exercise price   Number of options   Weighted average exercise price 
Outstanding - beginning of period   20,002    6.90    -    - 
Granted   146,667    2.89    20,002    6.90 
Forfeited   -    -    -    - 
Exercised   -    -    -    - 
Outstanding - end of period   166,669    3.37    20,002    6.90 
Exercisable at the end of the period   35,667    3.61    -    - 
SCHEDULE OF RESTRICTED STOCK GRANTED TO EMPLOYEES

 

   Year ended December 31 
   2022   2021 
   Number of restricted stock 
Outstanding - beginning of period   527,668    185,725 
Reverse Split Adjustments   -    59 
Granted   45,494    419,943 
Forfeited   (10,832)   (20,822)
Vested   (206,379)   (57,237)
Outstanding - end of period   355,951    527,668 
SCHEDULE OF RESTRICTED STOCK UNIT GRANTED TO EMPLOYEES

 

   Year ended December 31 
   2022   2021 
   Number of RSUs 
Outstanding - beginning of period   237,078    90,511 
Granted   -    146,567 
Forfeited   -    - 
Vested   -    - 
Outstanding - end of period   237,078    237,078 
SCHEDULE OF ADDITIONAL INFORMATION ABOUT ALL OPTIONS OUTSTANDING AND EXERCISABLE

 

        Outstanding as of December 31, 2022 

Exercise

price

   Options
outstanding
   Weighted average remaining contractual life (years)   Options
exercisable
 
$2.61-2.97    154,508    9.25    29,000 
$3.89-4.12    146,347    8.81    48,782 
$4.95-10.05    156,473    8.00    78,298 
$16.50    4,053    7.01    2,702 
      461,381    8.67    158,782 
SCHEDULE OF FAIR VALUE OF OPTIONS GRANTED TO EMPLOYEES

 

    Year ended December 31 
    2022    2021 
Expected life   5.125-6.5 years    5.5-6.5 years 
Risk-free interest rates   1.79%-2.88%-    0.59%-1.40% 
Volatility   127.43%-130.93%     129.11%-136.78% 
Dividend yield   -    - 
SCHEDULE OF ALLOCATION OF TOTAL SHARE-BASED COMPENSATION EXPENSE

 

   Year ended December 31 
   2022   2021 
   ($ in thousands) 
Cost of revenues  $72   $49 
Research and development   582    64 
Sales and marketing   318    182 
General and administrative   1,380    1,281 
   $2,352   $1,576