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ORDINARY SHARE AND SHARE INCENTIVE PLANS (Tables)
12 Months Ended
Dec. 31, 2021
Summary of the Assumptions Used in the Estimating the Fair Values of Stock-based Payment Awards Excluding Non-employee

 

 

Years ended December 31,

 

Stock Options:

 

2021

 

 

2016

 

Expected term in years

 

 

4.25

 

 

 

4.75

 

Weighted average risk-free interest rate

 

 

1.02

%

 

 

1.30

%

Expected dividend rate

 

 

%

 

 

%

Volatility

 

 

55.21

%

 

 

51.6

%

Summary of Stock-based Compensation Expense Recognized in Consolidated Statements of Comprehensive Loss

 

 

Years Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

(in thousands)

 

Cost of net sales

 

$

87

 

 

$

89

 

 

$

136

 

Selling, general and administrative

 

 

236

 

 

 

360

 

 

 

985

 

Research and development

 

 

181

 

 

 

254

 

 

 

278

 

Total

 

$

504

 

 

$

703

 

 

$

1,399

 

2017 Equity Incentive Plan  
Summary of Stock Options Activity

 

 

 

 

 

Weighted

 

 

 

Number of

 

 

average

 

 

 

shares

 

 

exercise

 

 

 

outstanding

 

 

price

 

 

 

(in thousands)

 

 

 

 

Options Outstanding, December 31, 2019

 

 

181

 

 

$

2.24

 

Options granted

 

 

875

 

 

 

1.14

 

Options exercised

 

 

 

 

 

 

Options forfeited or expired

 

 

 

 

 

 

Options Outstanding, December 31, 2020

 

 

1,056

 

 

$

1.33

 

Options granted

 

 

850

 

 

 

1.07

 

Options exercised

 

 

 

 

 

 

Options forfeited or expired

 

 

(451

)

 

 

1.52

 

Options Outstanding, December 31, 2021

 

 

1,455

 

 

$

1.12

 

Summary of Unvested Restricted Awards

 

 

 

 

 

Weighted

 

 

 

 

 

 

average

 

 

 

 

 

 

grant date

 

 

 

Shares

 

 

fair value

 

 

 

(in thousands)

 

 

 

 

Total nonvested restricted stock at December 31, 2019

 

 

1,153

 

 

$

2.89

 

Granted

 

 

76

 

 

 

1.50

 

Vested

 

 

(536

)

 

 

2.77

 

Forfeited

 

 

(272

)

 

 

3.32

 

Total nonvested restricted stock at December 31, 2020

 

 

421

 

 

$

3.05

 

Granted

 

 

96

 

 

 

1.29

 

Vested

 

 

(196

)

 

 

2.71

 

Forfeited

 

 

(82

)

 

 

3.71

 

Total nonvested restricted stock at December 31, 2021

 

 

239

 

 

$

2.39

 

Summary of Significant Ranges of Outstanding and Exercisable Stock Options

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares

 

 

Average

 

 

Weighted

 

 

Number of shares

 

 

Weighted

 

Range of

 

 

Outstanding

 

 

Remaining

 

 

Average

 

 

Exercisable

 

 

Average

 

Exercise Prices

 

 

as of 12/31/2021

 

 

Contractual Term

 

 

Exercise Price

 

 

as of 12/31/2021

 

 

Exercise Price

 

$

1.07

 

 

$

1.07

 

 

 

849,890

 

 

$

6.92

 

 

$

1.07

 

 

 

 

$

 

$

1.14

 

 

$

1.14

 

 

 

580,528

 

 

$

5.92

 

 

$

1.14

 

 

 

290,261

 

 

$

1.14

 

$

2.24

 

 

$

2.24

 

 

 

25,000

 

 

$

0.45

 

 

$

2.24

 

 

 

25,000

 

 

$

2.24

 

 

 

 

 

Number of
shares

 

 

Weighted
average
exercise price

 

Options exercisable as of December 31, 2021

 

 

315,261

 

 

$

1.23

 

Options vested and expected to vest as of December 31, 2021

 

 

1,455,418

 

 

$

1.12