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Stock Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2020
Stock Incentive Plans  
Summary of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Weighted-

 

Remaining

 

Aggregate

 

 

 

 

Average Exercise

 

Contractual

 

Intrinsic Value

 

    

Shares

    

Price

    

Term (years)

    

(in thousands)

Outstanding at December 31, 2019

 

785,832

 

$

16.48

 

8.13

 

$

470

Granted

 

666,200

 

$

5.69

 

 

 

 

 

Exercised

 

(7,000)

 

$

4.39

 

 

 

 

 

Cancelled or forfeited

 

(76,884)

 

$

14.65

 

 

 

 

 

Expired

 

(481)

 

$

32.10

 

 

 

 

 

Outstanding at December 31, 2020

 

1,367,667

 

$

11.38

 

8.13

 

$

 —

Vested and exercisable at December 31, 2020

 

504,171

 

$

21.22

 

6.68

 

$

 —

 

Schedule of assumptions made based on the Black-Scholes option pricing model

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

 

    

2020

    

2019

    

Weighted-average expected volatility

 

75.51

-

82.08

%  

68.9

-

110.5

Expected term (in years)

 

5.50

-

6.25

 

5.50

-

10.00

 

Risk-free interest rate

 

0.37

-

1.51

%  

1.39

-

2.69

Expected dividend yield

 

 

 

 0

 

 

 0