XML 43 R26.htm IDEA: XBRL DOCUMENT v3.24.1

Stock-based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

Weighted-Average Fair Value of Options Granted

​

​	​	​	​	​	​	​
​		2023	​	2022	​	2021
Expected term		6.25 years	​	6.25 years	​	6.25 years
Expected volatility		78.36%	​	84.66%	​	84.19%
Risk-free interest rate		3.60%	​	1.90%	​	0.78%
Expected dividend yield		0%	​	0%	​	0%

Stock-Based Compensation Expense

​

​	​	​	​	​	​	​	​	​	​	​
​	​	​	​		​	​		​	​
​			2023			2022			2021
Research and development expense	​	​	$	909,981	​	$	1,059,591	​	$	2,214,848
General and administrative expense	​	​		2,614,495	​		2,797,989	​		3,872,438
Total stock-based compensation expense	​	​	$	3,524,476	​	$	3,857,580	​	$	6,087,286

​

2013 Equity Incentive 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	​	6,774,792	​	$	6.37	​	6.1	​	​	​
Options granted	​	2,496,850	​	​	2.52	​	​	​	​	​
Options exercised	​	(100,960)	​	​	1.15	​	​	​	​	​
Options forfeited	​	(896,882)	​	​	6.16	​	​	​	​	​
Outstanding as of December 31, 2023	​	8,273,800	​	​	5.29	​	6.3	​	$	2,043
Vested or expected to vest as of December 31, 2023	​	8,131,900	​	​	5.37	​	6.3	​	​	1,865
Exercisable as of December 31, 2023	​	4,993,061	​	​	7.30	​	4.5	​	​	921

Summary of RSU Activity

The following is a summary of RSU activity for the 2013 Plan for the year ended December 31, 2023:

​

​	​	​	​	​	​	​
​		​	​	Weighted-Average
​	​	Number of Shares	​	Grant Date
​	​	Underlying RSUs		Fair Value
Unvested at December 31, 2022	​	204,785	​	$	3.81	​
Forfeited	​	(19,573)	​		3.81	​
Vested	​	(68,055)	​		3.81	​
Unvested at December 31, 2023	​	117,157	​		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	​	8.7	​	​	​
Options granted	​	360,000	​	​	2.76	​	​	​	​	​
Options forfeited	​	(103,125)	​	​	1.34	​	​	​	​	​
Outstanding as of December 31, 2023	​	2,590,400	​	​	1.97	​	8.0	​	$	1,304
Vested or expected to vest as of December 31, 2023	​	2,006,200	​	​	1.96	​	8.0	​	​	1,077
Exercisable as of December 31, 2023	​	887,696	​	​	1.90	​	7.7	​	​	460

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
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ 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
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ 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
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ 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
-Topic 718
-SubTopic 10
-Subparagraph (f)(2)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ 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: