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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Summary of Option Activity under 2018 Plan, 2013 Plan and 2010 Plan

A summary of option activity under the 2018 Plan, 2013 Plan, and 2010 Plan for the six months ended June 30, 2019, is as follows:

 

Year-to-Date Activity

 

Number

of Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Term (Years)

 

 

Aggregate

Intrinsic

Value

(in millions)

 

Options outstanding at December 31, 2018

 

 

781,725

 

 

$

16.34

 

 

 

9.0

 

 

 

 

 

Granted

 

 

563,150

 

 

 

23.10

 

 

 

 

 

 

 

 

 

Exercised

 

 

(7,813

)

 

 

11.81

 

 

 

 

 

 

 

 

 

Cancelled/forfeited

 

 

(353,556

)

 

 

23.51

 

 

 

 

 

 

 

 

 

Options outstanding at June 30, 2019

 

 

983,506

 

 

 

17.42

 

 

 

8.0

 

 

$

0.1

 

Options exercisable at June 30, 2019

 

 

314,635

 

 

$

11.62

 

 

 

7.2

 

 

$

0.1

 

Summary of Restricted Stock Unit Activity under 2018 Plan

 

A summary of restricted stock unit activity under the 2018 Plan for the six months ended June 30, 2019, is as follows:

 

Year-to-Date Activity

 

Number

of Shares

 

 

Weighted

Average

Grant Date Fair Value Per Share

 

 

Aggregate

Intrinsic

Value

(in millions)

 

Non-vested outstanding at December 31, 2018

 

 

 

 

 

 

 

 

 

 

Granted

 

 

15,000

 

 

$

23.60

 

 

 

 

 

Non-vested outstanding at June 30, 2019

 

 

15,000

 

 

$

23.60

 

 

$

0.1

 

Summary of Stock-Based Compensation Expense The amount of stock-based compensation expense recorded to research and development and to general and administrative is detailed in table below:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Stock-based compensation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

$

317,148

 

 

$

182,919

 

 

$

619,134

 

 

$

335,654

 

General and administrative

 

 

398,218

 

 

 

143,508

 

 

 

768,159

 

 

 

243,148

 

 

 

$

715,366

 

 

$

326,427

 

 

$

1,387,293

 

 

$

578,802