Stock-based Compensation

6 Months Ended

Jun. 30, 2020

Stock-based Compensation [Abstract]

Stock-based Compensation

Note 11

Stock-based Compensation:

As of June 30, 2020, the Company had options to purchase 4,908,038 shares of common stock outstanding with a weighted-average exercise price of $1.90. As of June 30, 2020, options to purchase 2,906,381 shares are vested and exercisable. There are 441,774 shares remaining available for issuance in the form of future equity awards as of June 30, 2020. There were 119,930 restricted stock units outstanding as of June 30, 2020 and during the three months ended June 30, 2020, the Company issued 40,547 shares related to restricted stock units.

Stock-based compensation expense, which is included in general and administrative expense, for the three and six months ended June 30, 2020 and 2019, was $410 and $840, and $303 and $626, respectively. As of June 30, 2020, there was $2,010 in unrecognized compensation expense, which will be recognized over a weighted average period of 0.97 years.