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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2021
Stock-Based Compensation [Abstract]  
Schedule of Stock Based Compensation Expense

Stock based compensation has been reported within expense line items on the consolidated statement of operations for the three and six months ended June 30, 2020 and 2021 as shown in the following table (in $000s):

    

Three Months Ended

    

Six Months Ended

    

 

June 30, 

 

June 30, 

 

    

2020

    

2021

    

2020

    

2021

General and administrative

$

52

$

190

$

107

$

364

Research and development

34

88

69

 

169

Stock-based compensation costs before income taxes

$

86

$

278

$

176

$

533

Schedule of Fair Value of the Stock Options Granted

Six months ended

Six months ended

 

June 30, 2020

 

June 30, 2021

Expected term (years)

 

6

 

5 – 6

Risk free interest rate

 

0.425%

0.420% – 1.000%

Volatility

 

114%

99 – 102%

Expected dividend yield over expected term

 

0.00%

0.00%

Schedule of Share Option Activity

A summary of the share option activity and related information is as follows:

    

    

    

Weighted

    

 

 

Weighted

 

Average

 

 

Number of

 

Average

 

Remaining

 

Aggregate

Options

 

Exercise

 

Contractual

Intrinsic

Outstanding

Price Per Share

 

Term (Years)

Value ($000)

Options outstanding at December 31, 2020

 

602,683

$

11.01

 

9.39

$

1,861

Granted

 

129,153

$

6.57

 

 

Exercised

 

 

 

Cancelled/forfeited

 

(74)

$

2,570.42

 

 

Options outstanding at June 30, 2021

 

731,762

$

9.97

 

9.04

$

894

Unvested at June 30, 2021

 

558,002

$

4.89

 

9.44

$

824

Vested and exercisable at June 30, 2021

 

173,760

$

26.28

 

7.79

$

70

Schedule of Restricted Stock Units Activity

 

 

Weighted

Weighted

 

 

Average

Average

Restricted

 

Grant Date

Remaining

Stock Units

Value Per Share

Term

Restricted Stock Units outstanding at June 30, 2021

 

35,516

$

8.84

9.26 years

Unvested at June 30, 2021

 

35,516

$

8.84

9.26 years

Vested and exercisable at June 30, 2021

 

$

9.26 years