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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2021
Stockholders Equity Note [Abstract]  
Summary of Stock Option Activity

The following is a summary of stock option activity under the 2019 Plan and the 2020 Plan for the three months ended March 31, 2021:  

 

 

 

Number of Option

 

 

Weighted Average Exercise

Price Per Share

 

 

Weighted Average

Remaining Contractual Term

(in years)

 

Aggregate Intrinsic

Value

 

Outstanding at January 1, 2021

 

 

1,078,499

 

 

$

12.68

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled/Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2021

 

 

1,078,499

 

 

$

12.68

 

 

9.5

 

$

710

 

Exercisable at March 31, 2021

 

 

175,164

 

 

$

13.05

 

 

9.5

 

$

131

 

Summary of Stock Option Shares Outstanding and Exercisable

The following table summarizes information for stock option shares outstanding and exercisable at March 31, 2021

 

 

 

 

 

 

 

Options Exercisable

 

Range of Exercise Prices

 

Outstanding Number of Options

 

 

Weighted Average

Remaining Option Term (in years)

 

Number of Options

 

$10 - $15

 

 

946,000

 

 

9.5

 

 

157,665

 

$15 - $20

 

 

81,000

 

 

9.5

 

 

8,500

 

$20 - $25

 

 

51,000

 

 

9.5

 

 

8,500

 

$25+

 

 

499

 

 

7.8

 

 

499

 

 

 

 

1,078,499

 

 

9.5

 

 

175,164

 

Summary of Recognized Share-based Compensation Cost

The following is a summary of share-based compensation expense in the statement of operations for the three months ended March 31, 2021  

 

 

Three months ended March 31,

 

 

 

2021

 

 

2020

 

Selling, general and administrative

 

$

1,466

 

 

$

49

 

Research and development

 

 

630

 

 

 

5

 

Cost of goods sold

 

 

52

 

 

 

 

Total

 

$

2,148

 

 

$

55

 

Summary of Warrant Activity

The following is a summary of warrant activity for the three months ended March 31, 2021:

 

 

 

Warrants

 

 

Weighted Average

Exercise Price

 

 

Weighted Average

Remaining Life

(in years)

 

 

Aggregate Intrinsic Value

 

Outstanding at January 1, 2021

 

 

4,236,687

 

 

$

9.13

 

 

 

 

 

 

 

 

 

Warrants issued

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warrants exercised

 

 

(242,580

)

 

 

10.00

 

 

 

 

 

 

 

 

 

Warrants expired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2021

 

 

3,994,107

 

 

$

9.07

 

 

 

3.9

 

 

$

13,372

 

Exercisable at March 31, 2021

 

 

3,994,107

 

 

$

9.07

 

 

 

3.9

 

 

$

13,372

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Information Related to Stock Warrants Outstanding and Exercisable

 

         The following table presents information related to stock warrants at March 31, 2021

 

 

 

 

 

 

 

 

 

Warrants Exercisable

 

Range of Exercise Prices

 

 

Outstanding Number of Warrants

 

 

Weighted Average

Remaining Warrant Term (in years)

 

Number of Warrants

 

$

0.01

 

 

 

371,000

 

 

4.1

 

 

371,000

 

$

10.00

 

 

 

3,623,107

 

 

3.9

 

 

3,623,107

 

 

 

 

 

 

3,994,107

 

 

3.9

 

 

3,994,107