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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2021
STOCK-BASED COMPENSATION  
Summary of the Company's stock option activity

    

    

    

Weighted Average

Remaining

Weighted Average 

Total Intrinsic

Contractual

    

Number of Shares

    

Exercise Price

    

Value

    

Life (in years)

Outstanding as of January 1, 2021

 

6,001,814

$

6.22

$

8.3

Granted

 

1,620,000

3.06

9.3

Exercised

(1,456)

2.12

Canceled/Expired

 

(159,581)

3.42

Outstanding as of June 30, 2021

 

7,460,777

$

5.59

$

1,178,000

8.1

Options vested and exercisable

 

3,396,723

$

6.91

$

299,000

7.5

Schedule or Description of Weighted Average Discount Rate

For the Six Months Ended

    

June 30, 2021

  

Exercise price

$

3.06

Expected term (years)

 

6.0

Expected stock price volatility

 

95

%

Risk-free rate of interest

 

1

%

Expected dividend rate

 

0

%

Schedule of stock-based compensation expenses

    

For the Three Months Ended

 

For the Six Months Ended

June 30, 

 

June 30, 

    

2021

    

2020

    

2021

    

2020

Stock Compensation expenses:

 

  

 

  

  

 

  

Research and development

$

709,000

$

528,000

$

1,405,000

$

1,309,000

General and administrative

 

943,000

 

833,000

 

1,624,000

 

1,396,000

Total stock compensation expenses

$

1,652,000

$

1,361,000

$

3,029,000

$

2,705,000