Share-Based Payments

9 Months Ended

Sep. 30, 2023

Share-based Payment Arrangement [Abstract]

Share-Based Payments

Note 8: Share-Based Payments

The Board of Directors has been authorized by the General Meeting of the Shareholders to grant restricted stock units (“RSU”), stock options plan (“SO”), and non-employee warrants (Bons de Souscription d’Actions or “BSA”).

During the nine months ended September 30, 2023, the Company granted 59,200 stock options and 35,800 restricted stock units to employees. There have been no changes in the vesting conditions and method of valuation of the SO and RSUs from that disclosed in Note 12 to the consolidated financial statements included in the Annual Report.

Change in Number of BSA/SO/RSU:

	Number of outstanding
	BSA		SO			RSUs
Balance as of December 31, 2022		251,693		5,306,569			1,589,081
Granted during the period		—		59,200			35,800
Forfeited during the period		—		(128,700	)		(123,382	)
Exercised/released during the period		—		—			(66,883	)
Expired during the period		—		—			—
Balance as of September 30, 2023		251,693		5,237,069			1,434,616

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

	Three Months Ended September 30,								Nine Months Ended September
									30,
			2023			2022			2023			2022
Research & development		SO		(376	)		(337	)		(1,272	)		(1,002	)
		RSU		(85	)		(201	)		(614	)		(594	)
Sales & marketing		SO		(25	)		30			(78	)		(3	)
		RSU		(8	)		20			(25	)		4
General & administrative		SO		(747	)		(423	)		(2,473	)		1,599	)
		RSU		(106	)		(66	)		(337	)		(223	)
Total share-based compensation (expense)				(1,345	)		(976	)		(4,800	)		(3,416	)