XML 48 R41.htm IDEA: XBRL DOCUMENT v3.23.2
Non-cash stock-based compensation (Tables)
6 Months Ended
Jun. 30, 2023
Statement [Line Items]  
Summary of Number of Shares Outstanding and Weighted Average Grant Date Fair Value

Information on free shares activity follows:

 

 

 

Number of Free
shares Outstanding

 

 

Weighted-Average Grant
Date Fair Value

 

Unvested balance of December 31, 2021

 

 

922,701

 

 

 

14.15

Granted

 

 

354,770

 

 

 

2.79

Vested

 

 

(191,658

)

 

 

17.96

Cancelled

 

 

(176,700

)

 

 

13.99

Unvested balance as of December 31, 2022

 

 

909,113

 

 

 

11.18

Granted

 

 

342,900

 

 

 

3.08

Vested

 

 

 

 

 

 

Cancelled

 

 

(36,112

)

 

 

11.10

Unvested balance as of June 30, 2023

 

 

1,215,901

 

 

 

8.90

Stock options [member]  
Statement [Line Items]  
Summary of Information on Stock Option Activity

Information on stock option activity follows:

 

 

 

Options Exercisable

 

 

Weighted-Average Exercise Price Per Share

 

 

Options Outstanding

 

 

Weighted-Average Exercise Price Per Share

 

 

Remaining Average Useful Life

 

Balance as of December 31, 2021

 

 

7,566,679

 

 

 

24.78

 

 

9,159,794

 

 

 

23.50

 

 

5.3

y

Granted

 

 

 

 

 

-

 

 

 

828,549

 

 

 

4.18

 

 

 

Exercised

 

 

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Forfeited or Expired

 

 

 

 

 

-

 

 

 

(1,201,079

)

 

 

18.85

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2022

 

 

7,400,519

 

 

 

24.58

 

 

8,787,264

 

 

 

22.31

 

 

4.6

y

Granted

 

 

 

 

 

-

 

 

 

1,835,411

 

 

 

2.86

 

 

 

Exercised

 

 

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

 

Forfeited or Expired

 

 

 

 

 

-

 

 

 

(22,638

)

 

 

18.29

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of June 30, 2023

 

 

7,800,007

 

 

 

23.84

 

 

10,600,037

 

 

 

18.95

 

 

5.1

y

Summary of assumptions Vesting Details

The weighted-average fair values of stock options granted and the assumptions used for the Black-Scholes option pricing model were as follows:

 

 

 

2022

 

2023

Weighted-Average fair values of stock options granted

 

1.31

 

1.65

Assumptions:

 

 

 

 

Risk-free interest rate

 

0.00% - 2.49%

 

2.45% - 2.75%

Share entitlement per options

 

1

 

1

Exercise price

 

2.09€ - 7.22

 

1.74€ - 3.17

Grant date share fair value

 

1.91€-6.74

 

1.70€-3.09

Expected volatility

 

58.7% - 62.5%

 

63.7% - 64.4%

Expected term (in years)

 

6.03 - 6.15

 

6.03 - 6.15

Vesting conditions

 

Performance or Service

 

Performance or Service

Vesting period

 

Graded

 

Graded

Non Employee Warrants [Member]  
Statement [Line Items]  
Summary of Information on Stock Option Activity

Information on non-employee warrants activity follows:

 

 

 

Warrants Exercisable

 

 

Weighted-Average Exercise Price Per Share

 

 

Warrants Outstanding

 

 

Weighted-Average Exercise Price Per Share

 

 

Remaining Average Useful Life

 

Balance as of December 31, 2021

 

 

896,225

 

 

 

27.18

 

 

896,225

 

 

 

27.18

 

 

4.3

y

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited or Expired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2022

 

 

896,225

 

 

 

27.18

 

 

896,225

 

 

 

27.18

 

 

3.3

y

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited or Expired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of June 30, 2023

 

 

896,225

 

 

 

27.18

 

 

896,225

 

 

 

27.18

 

 

2.8

y