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Stock Award Plan and Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Stock Option Activity for Employees and Non-Employees Stock option activity for employees and non-employees for the three months ended March 31, 2020 is as follows:

 

 

Shares

Issuable

Pursuant to

Stock

Options

 

 

Weighted-

Average

Exercise Price

 

 

Weighted-

Average

Remaining

Contractual

Terms

(years)

 

 

Total

Intrinsic

Value (in

thousands)

 

Outstanding January 1, 2020

 

 

9,040,328

 

 

$

6.98

 

 

 

7.3

 

 

$

7,420

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

 

 

$

 

 

 

 

 

 

 

 

 

Exercised

 

 

(135,013

)

 

$

5.91

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(105,356

)

 

$

9.63

 

 

 

 

 

 

 

 

 

Outstanding March 31, 2020

 

 

8,799,959

 

 

$

6.96

 

 

 

7.1

 

 

$

1,625

 

Exercisable March 31, 2020

 

 

5,614,559

 

 

$

6.69

 

 

 

6.4

 

 

$

1,586

 

Available for future grant

 

 

245,354

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of RSU Activity

 

RSU activity under the Plan for the three months ended March 31, 2020 is as follows:

 

 

 

 

 

 

 

Weighted-

Average

 

 

 

 

 

 

 

Grant Date

 

 

 

RSUs

 

 

Fair Value

 

Unvested January 1, 2020

 

 

68,650

 

 

$

11.29

 

Granted

 

 

 

 

$

 

Vested

 

 

 

 

$

 

Forfeited

 

 

 

 

$

 

Unvested March 31, 2020

 

 

68,650

 

 

$

11.29

 

Schedule of Stock-Based Compensation Expense Included in the Company's Consolidated Statements of Operations The following table presents stock-based compensation expense included in the Company’s consolidated statements of operations:

 

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

Research and development

 

$

681,613

 

 

$

700,263

 

General and administrative

 

 

1,516,574

 

 

 

1,761,436

 

Total

 

$

2,198,187

 

 

$

2,461,699