XML 68 R39.htm IDEA: XBRL DOCUMENT v3.24.1
EQUITY-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
The following table summarizes option activity during the years ended December 31, 2023 and 2022 and shows the exercisable shares as of December 31, 2023:

Number of SharesWeighted Average Exercise Price per Share
Options Outstanding January 1, 2022719,066 $138.91 
Granted14,000 30.47 
Forfeited(20,806)125.54 
Exercised(610)10.40 
Expired(170,918)109.61 
Options Outstanding December 31, 2022540,732 146.03 
Granted10,000 5.10 
Forfeited(11,927)81.01 
Exercised— — 
Expired(168,966)137.08 
Options Outstanding December 31, 2023369,839 148.40 
Exercisable December 31, 2023311,930 161.35 
Schedule of Estimated Fair Value of Options Awarded The table below summarizes the inputs used to calculate the estimated fair value of options awarded for the years ended December 31:
202320222021
Expected term (in years)6.306.305.79
Volatility88 %66 %65 %
Expected dividends— — — 
Risk free interest rates4.0 %2.1 %1.1 %
Estimated forfeitures— %— %— %
Weighted average fair value$3.89 $1.88 $4.09 
Schedule of Options Outstanding and Options Exercisable
The following table shows summary information for outstanding options and options that are exercisable (vested) as of December 31, 2023:

Options
Outstanding		Options
Exercisable
Number of options369,839 311,930 
Weighted average remaining contractual term (in years)4.834.65
Weighted average exercise price$148.40 $161.35 
Weighted average fair value$90.38 $97.42 
Aggregate intrinsic value (in millions)$— $— 
Schedule of RSU Activity
The following table summarizes RSU activity during the years ended December 31, 2023 and 2022:

Number of SharesWeighted Average Grant Date Fair Value per Share
RSUs Outstanding January 1, 2022208,926 $107.77 
Granted422,690 15.29 
Forfeited(66,175)82.81 
Vested/released(129,953)37.02 
RSUs outstanding December 31, 2022435,488 42.91 
Granted1,305,220 7.14 
Forfeited(128,588)35.73 
Vested/released(372,684)32.39 
RSUs outstanding December 31, 20231,239,436 9.15 
Schedule of Weighted Average Fair Value of RSUs Awarded The table below summarizes the weighted average fair value of RSUs awarded for the years ended December 31:
202320222021
Weighted average fair value$7.14 $15.29 $112.38 
Schedule of Expense and Tax Benefit Related to Share-Based Compensation
The expense and tax benefits recognized on the Company’s consolidated statements of operations and comprehensive loss related to share-based compensation for the years ended December 31 (in thousands) is as follows:

202320222021
Cost of Sales$300 $665 $325 
Research and development1,396 1,419 4,102 
Sales, general and administrative3,691 8,541 17,620 
Total equity-based compensation expense$5,387 $10,625 $22,047 
Recognized tax benefit$— $— $— 

The share-based compensation cost capitalized to inventory or inventory transferred to property and equipment (also referred to as instruments) for the years ended December 31 (in thousands) is as follows:

202320222021
Cost capitalized to inventory$138 $254 $401