Quarterly report pursuant to Section 13 or 15(d)

Share-Based Expense

v3.23.3
Share-Based Expense
9 Months Ended
Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Share-Based Expense

 

7. Share-Based Expense

 

Total share-based expense related to stock options, restricted stock units and common stock awards was approximately $0.1 million for each of the three months ended September 30, 2023 and 2022 and approximately $0.2 million and $0.4 million for the nine months ended September 30, 2023 and 2022, respectively.

 

Share-based expense is classified in the condensed consolidated statements of operations as follows:

Schedule of share-based compensation expense                        
    Three Months Ended September 30,     Nine Months Ended September 30,  
    2023     2022     2023     2022  
Research and development expenses   $ 13,961     $ 23,382     $ 41,427     $ 65,688  
General and administrative expenses     56,305       113,982       167,080       327,141  
    $ 70,266     $ 137,364     $ 208,507     $ 392,829  

 

Employee Stock Options

 

No stock option awards to purchase shares of common stock were granted during the three and nine months ended September 30, 2023. During the nine months ended September 30, 2022, the Company granted 20,000 stock option awards to purchase shares of common stock. The Company recognized a total of $0.1 million of share-based expense related to employee stock options during each of the three months ended September 30, 2023 and 2022 and $0.2 million and $0.4 million during the nine months ended September 30, 2023 and 2022, respectively. No employee stock options or RSUs were exercised and none expired during the three and nine months ended September 30, 2023 and 2022.

 

Non-Employee Stock Options

 

There were no non-employee stock options granted or exercised during the three and nine months ended September 30, 2023 and 2022, respectively. During the nine months ended September 30, 2023, non-employee stock option grants to purchase approximately 100 shares of common stock expired. No non-employee stock option grants expired during the nine months ended September 30, 2022. The Company did not recognize any share-based expense related to non-employee stock options during the three and nine months ended September 30, 2023 and 2022, respectively.