XML 38 R23.htm IDEA: XBRL DOCUMENT v3.23.1

Stockholders Equity (Tables)

3 Months Ended

Mar. 31, 2023

Weighted-Average Fair Value of Options Granted

​

​	​	​	​	​
​	​	Three Months Ended March 31,
​		2023	​	2022
Expected term		6.25 years	​	6.25 years
Expected volatility		79.56%	​	84.51%
Risk-free interest rate		3.52%	​	1.66%
Expected dividend yield		0%	​	0%

​

Stock-Based Compensation Expense

​

​	​	​	​	​	​	​
​	​	Three Months Ended March 31,
​		2023		​	2022
Research and development expense	​	$	237,931	​	$	318,825
General and administrative expense	​		632,249	​		761,817
Total stock-based compensation expense	​	$	870,180	​	$	1,080,642

2013 Equity Incentive Plan

Company's Stock Option Activity

A summary of the Company’s stock option activity under the Amended 2013 Plan for the three months ended March 31, 2023 is as follows:

​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	WEIGHTED-	​	AGGREGATE
​		​	​	WEIGHTED-		​	AVERAGE	​	INTRINSIC
​		​	​	AVERAGE		​	REMAINING	​	VALUE
​		OUTSTANDING	​	EXERCISE		​	CONTRACTUAL	​	(IN
​		OPTIONS		PRICE			TERM (YEARS)		THOUSANDS)
Outstanding as of December 31, 2022	​	6,774,792	​	$	6.37	​	4.7	​	​	​
Options granted	​	2,206,050	​	​	2.61	​	​	​	​	​
Options exercised	​	(16,800)	​	​	2.01	​	​	​	​	​
Options forfeited	​	(246,131)	​	​	2.25	​	​	​	​	​
Outstanding as of March 31, 2023	​	8,717,911	​	​	5.54	​	6.6	​	$	336
Vested or expected to vest as of March 31, 2023	​	8,576,011	​	​	5.62	​	6.5	​	​	315
Exercisable as of March 31, 2023	​	4,928,465	​	​	8.05	​	4.5	​	​	58

​

Summary of RSU Activity

​

The following is a summary of RSU activity under the Amended 2013 Plan for the three months ended March 31, 2023:

​

​	​	​	​	​	​	​
​		​	​	Weighted-Average
​	​	Number of Shares	​	Grant Date
​	​	Underlying RSUs		Fair Value
Unvested at December 31, 2022	​	204,785	​	$	3.81	​
Forfeited	​	(15,030)	​		3.81	​
Vested	​	(68,054)	​		3.81	​
Unvested at March 31, 2023	​	121,701	​		3.81	​

​

Inducement Plan

Company's Stock Option Activity

​

​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	WEIGHTED-	​	AGGREGATE
​		​	​	WEIGHTED-		​	AVERAGE	​	INTRINSIC
​		​	​	AVERAGE		​	REMAINING	​	VALUE
​		OUTSTANDING	​	EXERCISE		​	CONTRACTUAL	​	(IN
​		OPTIONS		PRICE			TERM (YEARS)		THOUSANDS)
Outstanding as of December 31, 2022	​	2,333,525	​	$	1.82	​	8.5	​	​	​
Options granted	​	250,000	​	​	3.25	​	​	​	​	​
Options forfeited	​	(3,125)	​	​	3.58	​	​	​	​	​
Outstanding as of March 31, 2023	​	2,580,400	​	​	1.95	​	7.7	​	$	149
Vested or expected to vest as of March 31, 2023	​	1,996,200	​	​	1.95	​	7.5	​	​	142
Exercisable as of March 31, 2023	​	579,033	​	​	1.98	​	8.4	​	​	10

​

X

- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested restricted stock units.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_PlanNameAxis=glyc_EquityIncentivePlan2013Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_PlanNameAxis=glyc_EquityInducementPlanMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: