Quarterly report pursuant to Section 13 or 15(d)

Stock Compensation Plan (Tables)

v3.24.3
Stock Compensation Plan (Tables)
9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity

A summary of stock option activity for the nine months ended September 30, 2024 is as follows:

 

   

Number of

Shares

   

Weighted

Average

Exercise Price

   

Weighted Average

Remaining Contractual

Term (In Years)

   

Aggregate

Intrinsic Value(1)

 
Outstanding at December 31, 2023     244,733     $ 20.17       8.73     $ 74,559  
Granted     799,583       0.48           $  
Expired     (17,146 )     28.44           $  
Forfeited     (4,667 )     11.52           $  
Outstanding at September 30, 2024     1,022,503     $ 4.67       9.06     $  
                                 
Exercisable at September 30, 2024     904,853     $ 5.03       8.97     $  

 

(1) The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying stock option awards and the closing market price of our common stock as of December 31, 2023 and September 30, 2024; respectively.