Stock-Based Compensation Awards (Tables)

6 Months Ended

Jun. 30, 2024

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Schedule of Stock-based Compensation Expense

The following table sets forth the total stock-based compensation cost included in the Company's condensed consolidated statements of operations for the period indicated:

	Three Months Ended June 30,					Six Months Ended June 30,
($ in thousands)	2024			2023		2024		2023
Research and development	$	(7	)	$	96	$	112	$	135
General and administrative		48			459		363		925
Total stock-based compensation	$	41		$	555	$	475	$	1,060

2022 Omnibus Incentive Plan [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Summary of Option activity

2022 Omnibus Incentive Plan - Stock Options

	Options			Weighted-Average Exercise Price		Total Intrinsic Value		Weighted-Average Remaining Contractual Life (Years)
Outstanding as of December 31, 2023		14,045		$	46.00	$	—		8.8
Exercised		—
Issued		—
Forfeited / cancelled		(266	)
Outstanding at June 30, 2024		13,779		$	46.00	$	—		8.8
Vested and exercisable as of June 30, 2024		13,779		$	—	$	—		8.8

Summary of RSU Activity

A summary of the Company’s restricted stock unit (‘RSU”) activity is as follows:

2022 Omnibus Incentive Plan - RSUs

	Number of RSU			Weighted-Average Grant Date Fair Value (per share)
Outstanding as of December 31, 2023		9,372		$	36.75
Granted		38,000
Vested		(9,194	)
Forfeited / cancelled		(178	)
Outstanding as of June 30, 2024		38,000		$	17.93

2019 Stock Incentive Plan [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Summary of Option activity

2019 Omnibus Incentive Plan - Options

	Options			Weighted-Average Exercise Price		Total Intrinsic Value		Weighted-Average Remaining Contractual Life (Years)
Outstanding as of December 31, 2023		9,792		$	46.00	$	—		6.4
Exercised		—
Issued		—
Forfeited / cancelled		(160	)
Outstanding as of June 30, 2024		9,632		$	46.00	$	—		6.2
Vested and exercisable as of June 30, 2024		8,874		$	46.00	$	—		6.2

Summary of RSU Activity

2019 Stock Incentive Plan - RSUs

	Number of RSU			Weighted-Average Grant Date Fair Value (per share)
Outstanding as of December 31, 2023		3,698		$	200.00
Exercised		-
Vested		(1,278	)
Forfeited / cancelled		(352	)
Outstanding as of June 30, 2024		2,068		$	200.00