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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 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 six months ended June 30, 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

 

 

530,000

 

 

$

3.75

 

 

 

 

 

 

 

 

 

Cancelled/forfeited

 

 

(18,879

)

 

$

20.37

 

 

 

 

 

 

 

 

 

Options outstanding at June 30, 2021

 

 

1,751,475

 

 

$

8.82

 

 

 

8.1

 

 

 

 

Options exercisable at June 30, 2021

 

 

779,148

 

 

$

11.87

 

 

 

7.0

 

 

 

 

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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Stock-based compensation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

$

176,534

 

 

$

228,197

 

 

$

344,580

 

 

$

490,654

 

General and administrative

 

 

418,129

 

 

 

375,377

 

 

 

809,519

 

 

 

780,258

 

 

 

$

594,663

 

 

$

603,574

 

 

$

1,154,099

 

 

$

1,270,912