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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2020
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 three months ended March 31, 2020, 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, 2019

 

 

1,313,475

 

 

$

12.28

 

 

 

8.7

 

 

 

 

 

Granted

 

 

61,000

 

 

 

3.89

 

 

 

 

 

 

 

 

 

Options outstanding at March 31, 2020

 

 

1,374,475

 

 

 

11.91

 

 

 

8.5

 

 

$

 

Options exercisable at March 31, 2020

 

 

447,477

 

 

$

14.39

 

 

 

7.5

 

 

$

 

Summary of Restricted Stock Unit Activity under 2018 Plan

 

A summary of restricted stock unit activity under the 2018 Plan for the three months ended March 31, 2020, 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, 2019

 

 

9,000

 

 

$

23.60

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

Vested/settled

 

 

(5,858

)

 

 

 

 

 

 

 

 

Cancelled/forfeited

 

 

(3,142

)

 

 

 

 

 

 

 

 

Non-vested outstanding at March 31, 2020

 

 

 

 

 

 

 

 

 

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

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

Stock-based compensation

 

 

 

 

 

 

 

 

Research and development

 

$

262,457

 

 

$

369,941

 

General and administrative

 

 

404,881

 

 

 

301,986

 

 

 

$

667,338

 

 

$

671,927