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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2022
Stockholders Equity Note [Abstract]  
Schedule of Common Stock Reserved for Future Issuance

As of June 30, 2022 and December 31, 2021, the Company had reserved shares of common stock for future issuance as shown in the table below:

 

 

June 30,

2022

 

 

December 31,

2021

 

Shares of common stock reserved for future issuance under the 2012 Stock Incentive Plan

 

 

663,089

 

 

 

665,720

 

Shares of common stock reserved for future issuance under the 2019 Stock Incentive Plan

 

 

4,543,352

 

 

 

3,400,489

 

Shares of common stock reserved for future issuance under the 2019 Employee Stock Purchase Plan

 

 

721,717

 

 

 

470,631

 

Shares to be issued upon exercise of common stock warrants and pre-funded warrants

 

 

38,382,647

 

 

 

20,602,244

 

Shares to be issued upon sales under the LPC Purchase Agreement

 

 

30,000,000

 

 

 

30,000,000

 

 

 

 

74,310,805

 

 

 

55,139,084

 

Warrant Activity Including Activity Related To Pre-funded Warrants

Warrant activity, including activity related to the pre-funded warrants, for the six months ended June 30, 2022 is shown in the table below:

 

 

Number of

Pre-funded Warrant

Shares

 

 

Number of

Common Stock Warrant

Shares

 

 

Total Number of

Warrant

Shares

 

 

Weighted

Average

Exercise

Price

 

Outstanding as of December 31, 2021

 

 

2,300,000

 

 

 

18,302,244

 

 

 

20,602,244

 

 

$

1.22

 

Issued

 

 

24,379,673

 

 

 

 

 

 

24,379,673

 

 

$

0.001

 

Exercised

 

 

(2,300,000

)

 

 

(4,299,270

)

 

 

(6,599,270

)

 

$

1.37

 

Outstanding as of June 30, 2022

 

 

24,379,673

 

 

 

14,002,974

 

 

 

38,382,647

 

 

$

0.50

 

Schedule of Share-based Compensation, Stock Options, Activity

A summary of the Company’s combined stock option activity for the 2019 Plan and the 2012 Plan for the six months ended June 30, 2022 is as follows:

 

 

Number of

Option

Shares

 

 

Weighted

Average

Exercise

Price

 

Outstanding as of December 31, 2021

 

 

2,929,472

 

 

$

4.51

 

Granted

 

 

1,258,750

 

 

$

0.68

 

Forfeited

 

 

(41,224

)

 

$

4.21

 

Expired

 

 

(2,631

)

 

$

1.43

 

Exercised

 

 

 

 

$

 

Outstanding as of June 30, 2022

 

 

4,144,367

 

 

$

3.35

 

Options exercisable as of June 30, 2022

 

 

2,005,863

 

 

$

4.70

 

Options unvested as of June 30, 2022

 

 

2,138,504

 

 

$

2.09

 

 

Schedule of Stock-based Compensation Expenses Recognized

The following table summarizes the classifications of stock-based compensation expenses for the 2012 Plan, the 2019 Plan and the 2019 ESPP recognized in the Condensed Consolidated Statements of Comprehensive Loss:

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

General and administrative expense

 

$

348

 

 

$

494

 

 

$

825

 

 

$

1,039

 

Research and development expense

 

 

172

 

 

 

251

 

 

 

432

 

 

 

424

 

 

 

$

520

 

 

$

745

 

 

$

1,257

 

 

$

1,463