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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2020
Stock-Based Compensation  
Schedule of stock option activity under the Company's Equity Incentive Plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

    

 

    

Average

    

Weighted

    

Aggregate

 

 

 

 

Exercise Price

 

Average Remaining

 

Intrinsic

 

 

Options

 

Per Share

 

Life in Years

 

Value

Outstanding at December 31, 2018

 

2,761,912

 

$

11.30

 

8.01

 

$

 —

Granted

 

1,481,975

 

$

1.48

 

  

 

 

  

Forfeited

 

(219,321)

 

$

15.14

 

 

 

 

 

Outstanding at December 31, 2019

 

4,024,566

 

$

7.48

 

7.98

 

$

 2

Granted

 

2,662,500

 

$

2.10

 

  

 

 

  

Exercised

 

(32,778)

 

$

1.53

 

 

 

 

 

Forfeited

 

(260,435)

 

$

6.95

 

 

 

 

 

Outstanding at December 31, 2020

 

6,393,853

 

$

5.29

 

7.96

 

$

1,961

Options exercisable at December 31, 2020

 

3,482,169

 

$

7.83

 

7.07

 

$

722

Options vested and expected to vest at December 31, 2020

 

6,393,853

 

$

5.29

 

7.96

 

$

1,961

 

Schedule of assumptions used to determine grant-date fair value of stock options

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

    

2020

    

2019

 

Expected volatility

 

66.94

%

66.94

%

Weighted average risk-free interest rate

 

0.66

%

2.07

%

Expected dividend yield

 

0.00

%

0.00

%

Expected term (in years)

 

6.85

 

6.77

 

 

Schedule of stock-based compensation expense related to issuance of stock option awards recognized in condensed consolidated statements of operations

 

 

 

 

 

 

 

 

 

Year Ended

 

 

December 31, 

 

    

2020

    

2019

Research and development

 

$

1,028

 

$

714

General and administrative

 

 

1,296

 

 

3,018

Total

 

$

2,324

 

$

3,732

 

Summary of outstanding RSU's under the 2016 Plan

 

 

 

 

 

 

 

 

 

 

Weighted

 

    

Number of

    

Average

 

 

Shares

 

Fair Value

Outstanding at December 31, 2018

 

 —

 

$

 —

Awarded

 

181,000

 

$

1.74

Settled in cash

 

(90,500)

 

$

1.17

Outstanding at December 31, 2019

 

90,500

 

$

1.76

Awarded

 

753,106

 

$

1.49

Settled in cash

 

(90,500)

 

$

1.76

Outstanding at December 31, 2020

 

753,106

 

$

1.52