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Stock Option Plans (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Stock Option Activity Under Stock Option Plan

Stock option activity under the Company's stock options plans for the years ending December 31, 2022 and 2021 were as follows:

 

(in thousands, except share and per share data)

 

Number of Shares

 

 

Weighted- Average Exercise Price

 

 

Weighted- Average Contractual Term (Years)

 

 

Aggregate Intrinsic Value

 

Outstanding, December 31, 2020

 

 

6,840,719

 

 

 

3.81

 

 

 

 

 

 

 

Granted

 

 

9,380,438

 

 

 

2.62

 

 

 

 

 

 

 

Exercised

 

 

(363,109

)

 

 

2.86

 

 

 

 

 

 

 

Cancelled

 

 

(5,192,179

)

 

 

3.65

 

 

 

 

 

 

 

Outstanding, December 31, 2021

 

 

10,665,869

 

 

$

2.87

 

 

 

 

 

 

 

Granted

 

 

4,697,500

 

 

 

1.08

 

 

 

 

 

 

 

Exercised

 

 

(26,250

)

 

 

0.80

 

 

 

 

 

 

 

Cancelled

 

 

(4,928,497

)

 

 

3.34

 

 

 

 

 

 

 

Outstanding, December 31, 2022

 

 

10,408,622

 

 

$

1.84

 

 

 

8.69

 

 

$

3

 

Options exercisable, December 31, 2022

 

 

3,891,598

 

 

$

2.46

 

 

 

8.08

 

 

$

 

Options exercisable, December 31, 2021

 

 

4,410,312

 

 

$

3.85

 

 

 

7.53

 

 

$

 

Options available for future grant, December 31, 2022

 

 

15,460,088

 

 

 

 

 

 

 

 

 

 

 

Summary of Non-Vested Restricted Stock

A summary of the status of restricted stock as of December 31, 2022 and 2021 is as follows:

 

 

 

Number of Shares

 

 

Weighted-Average Grant Date Fair Value

 

Unvested, December 31, 2020

 

 

786,280

 

 

 

3.08

 

Granted

 

 

1,601,224

 

 

 

2.60

 

Vested

 

 

(754,137

)

 

 

3.40

 

Cancelled

 

 

(434,787

)

 

 

3.45

 

Unvested, December 31, 2021

 

 

1,198,580

 

 

$

2.10

 

Granted

 

 

280,000

 

 

 

0.82

 

Vested

 

 

(306,617

)

 

 

2.28

 

Cancelled

 

 

(232,901

)

 

 

3.15

 

Unvested, December 31, 2022

 

 

939,062

 

 

$

1.40