Quarterly report pursuant to Section 13 or 15(d)

Share-based compensation (Tables)

v3.24.1.1.u2
Share-based compensation (Tables)
 3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Options Granted and Outstanding

The following table provides detail of the options granted and outstanding (dollars in thousands):

  

    Options    

Weighted Average

Exercise Price

     Weighted Average Remaining Contractual Life (Years)     Aggregate Intrinsic Value  
Options outstanding as of December 31, 2023     54     $ 5.03       5.7     $ —  
Granted     —       —                  
Forfeited/Expired     (3 )   $ 6.78                  
Options outstanding as of March 31, 2024     51     $ 4.95       5.7     $ —  
                                 
Options exercisable as of March 31, 2024     45     $ 5.42       5.4     $ —  
Schedule of Fair Value Assumptions

The fair value of an option award is estimated on the date of grant using the Black–Scholes option valuation model, using the following assumptions primarily based on historical data:

 

      Three Months Ended March 31,  
      2024       2023  
Risk-free interest rate     0.33 - 4.02 %     0.33 - 4.02 %
Expected volatility (1)     0.0% - 72.5 %     0.0% - 72.5 %
Expected dividend yield     — %     — %
Expected life (years) (2)     0 - 7.6       0 - 7.6  

 

(1) Expected volatility was determined using a combination of historical volatility and implied volatility.
(2) For certain options, the simplified method is utilized to determine the expected life due to the lack of historical data.