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Share-based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
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, 2022 and 2021, 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,

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Research and development

$

51

 

 

$

38

 

 

$

92

 

 

$

74

 

General and administrative

 

121

 

 

 

95

 

 

 

247

 

 

 

200

 

Total

$

172

 

 

$

133

 

 

$

339

 

 

$

274

 

Summary of Stock Option Activities

Stock option transactions for the six month period ended June 30, 2022 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, 2021

 

904,123

 

 

$

5.59

 

 

 

9.18

 

Granted

 

12,000

 

 

 

2.27

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

Forfeited and cancelled

 

(35,608

)

 

 

3.08

 

 

 

 

 

Options outstanding at June 30, 2022

 

880,515

 

 

$

5.65

 

 

 

8.69

 

Options exercisable at June 30, 2022

 

288,179

 

 

$

10.31

 

 

 

8.23

 

Options vested and expected to vest

 

879,512

 

 

$

5.65

 

 

 

8.69