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Share-based Compensation (Tables)
6 Months Ended
Jun. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Non-cash, Share-based Compensation Expense

For the three and six month periods ended June 30, 2021 and 2020, the Company recognized the following non-cash, share-based compensation expense in the statements of operations (in thousands):

 

 

Three Months

Ended June 30,

 

 

Six Months

Ended June 30,

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Research and development

$

38

 

 

$

4

 

 

$

74

 

 

$

13

 

General and administrative

 

95

 

 

 

 

 

 

200

 

 

 

7

 

Total

$

133

 

 

$

4

 

 

$

274

 

 

$

20

 

Summary of Stock Option Activities

Stock option transactions for the six month period ended June 30, 2021 under the Company’s stock incentive plans were as follows:

 

 

Number

of Options

 

 

Weighted Average Exercise Price

 

 

Weighted

Average

Remaining

Contractual

Term

(in years)

 

Options outstanding at December 31, 2020

 

531,238

 

 

$

8.71

 

 

 

9.68

 

Granted

 

147,200

 

 

 

3.63

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

Forfeited and cancelled

 

(53,537

)

 

 

10.84

 

 

 

 

 

Options outstanding at June 30, 2021

 

624,901

 

 

$

7.33

 

 

 

9.23

 

Options exercisable at June 30, 2021

 

100,180

 

 

$

24.37

 

 

 

7.58

 

Options vested and expected to vest

 

624,293

 

 

$

7.33

 

 

 

9.23