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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2021
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, 2021, 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, 2020

 

 

1,240,354

 

 

$

11.16

 

 

 

7.8

 

 

 

 

 

Granted

 

 

485,000

 

 

$

3.83

 

 

 

 

 

 

 

 

 

Cancelled/forfeited

 

 

(18,879

)

 

$

20.37

 

 

 

 

 

 

 

 

 

Options outstanding at March 31, 2021

 

 

1,706,475

 

 

$

8.98

 

 

 

8.3

 

 

 

0.1

 

Options exercisable at March 31, 2021

 

 

744,714

 

 

$

11.57

 

 

 

7.3

 

 

 

 

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,

 

 

 

2021

 

 

2020

 

Stock-based compensation

 

 

 

 

 

 

 

 

Research and development

 

$

168,045

 

 

$

262,457

 

General and administrative

 

 

391,391

 

 

 

404,881

 

 

 

$

559,436

 

 

$

667,338