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STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2020
STOCK-BASED COMPENSATION  
Summary of the Company's stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

 

 

    

 

 

    

Weighted

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

Weighted

 

 

 

 

Remaining

 

 

Number of

 

Average

 

Total Intrinsic

 

Contractual

 

 

Shares

 

Exercise Price

 

Value

 

Life (in years)

Outstanding as of January 1, 2020

 

4,983,000

 

$

7.79

 

$

18,000

 

8.9

Granted

 

1,321,000

 

 

2.14

 

 

 —

 

9.9

Cancelled

 

(13,000)

 

 

7.26

 

 

 —

 

 —

Outstanding as of March 31, 2020

 

6,291,000

 

$

6.60

 

$

 —

 

8.9

Options vested and exercisable

 

1,610,000

 

$

8.17

 

$

 —

 

8.4

 

Schedule or Description of Weighted Average Discount Rate

 

 

 

 

 

 

 

    

For the Three Months Ended

 

 

 

March 31, 2020

Exercise price

 

$

2.14

 

Expected term (years)

 

 

6.0

 

Expected stock price volatility

 

 

109

%

Risk-free rate of interest

 

 

 1

%

Expected dividend rate

 

 

 0

%

 

Schedule of stock-based compensation expenses

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended

 

    

March 31,

 

 

2020

    

2019

Stock Compensation expenses:

 

 

 

 

 

 

Research and development

 

$

781,000

 

$

687,000

General and administrative

 

 

564,000

 

 

839,000

Total stock compensation expenses

 

$

1,345,000

 

$

1,526,000