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Share-based Compensation (Tables)
9 Months Ended
Sep. 30, 2023
Share-Based Compensation  
Schedule of valuation assumptions for applying the Black-Scholes methodology to the options granted under share-based payments

Risk free interest rate, average

3.91%

Expected option life, average

5 years

Expected price volatility, average

91.47%

Expected dividend yield

0%

Schedule of stock option activity

 

 

Number of shares

 

 

Weighted average exercise price

 

Options outstanding at beginning of year

 

 

488,477

 

 

$

6.48

 

Granted

 

 

160,000

 

 

 

1.01

 

Less:

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

Forfeited prior to vesting

 

 

(5,210

)

 

 

2.50

 

Canceled or expired

 

 

(31,228

)

 

 

7.63

 

Options outstanding at September 30, 2023

 

 

612,039

 

 

 

5.03

 

Options exercisable at end of September 30, 2023

 

 

391,537

 

 

$

7.06

 

Schedule of share-based compensation expense

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Cost of goods sold

 

$

2

 

 

$

2

 

 

$

5

 

 

$

6

 

Sales and marketing

 

 

2

 

 

 

2

 

 

 

6

 

 

 

9

 

Research and product development

 

 

17

 

 

 

10

 

 

 

37

 

 

 

34

 

General and administrative

 

 

12

 

 

 

10

 

 

 

32

 

 

 

40

 

 

 

$

33

 

 

$

24

 

 

$

80

 

 

$

89