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Stock Option Plans (Tables)
12 Months Ended
Dec. 31, 2020
Text Block [Abstract]  
Transaction under Stock Option Plan
Transactions under the 2012
 
Plan and the 2020
 
Plan for the years ending December 
31
,
2020
,
2019
, and
2018
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, 2017
     3,852,135     $ 5.12                    
Granted
     1,744,950       2.35                    
Exercised
     (104,167     2.35                    
Cancelled
     (215,833     5.72                    
    
 
 
   
 
 
                   
Outstanding, December 31, 2018
     5,277,085       4.24                    
Granted
     2,880,691       3.40                    
Exercised
     (581,105     3.30                    
Cancelled
     (1,733,792     4.21                    
    
 
 
   
 
 
                   
Outstanding, December 31, 2019
     5,842,879       3.21                    
Granted
     2,222,368       3.39                    
Exercised
     (338,333     2.01                    
Cancelled
     (894,528     4.22                    
    
 
 
   
 
 
                   
Outstanding, December 31, 2020
     6,832,386     $ 3.81        7.94      $ 812  
    
 
 
   
 
 
    
 
 
    
 
 
 
Options exercisable, December 31, 2020
     3,596,315     $ 4.17        6.90      $ 598  
    
 
 
   
 
 
    
 
 
    
 
 
 
Options exercisable, December 31, 2019
     2,765,357     $ 4.39        6.70      $ 3,603  
    
 
 
   
 
 
    
 
 
    
 
 
 
Options available for future grant at December 31, 2020
     5,714,648                            
    
 
 
                           
In September 2017, the Company granted an option for 500,000 inducement stock options, with an exercise price of $6.16 per share, which vests ratably in annual installments over three years, commencing on the first anniversary of the grant date and has a contractual term of ten years. The grant date fair value was $2.2 million.
On July 22, 2019, August 19, 2019, and November 21, 2019, the Company granted 400,000, 65,000, and 65,000 inducement stock options, with exercise prices of $5.60, $5.18, and $4.59, respectively. The options vest ratably,
Summary of Non-Vested Restricted Stock
 
A summary of the status of restricted stock as of December 31
, 2020
, 2019
and 2018
is as follows:
    
Number of
Shares
    
Weighted-Average

Grant Date Fair Value
 
Non-vested,
December 31, 2017
     1,808,559      $ 5.74  
Granted
     150,321        1.87  
Vested
     (1,005,337      6.62  
Cancelled
     (271,433      5.00  
    
 
 
    
 
 
 
Non-vested,
December 31, 2018
     682,110        3.47  
Granted
     1,519,766        2.44  
Vested
     (1,187,601      2.82  
Cancelled
     (74,599      3.41  
    
 
 
    
 
 
 
Non-vested,
December 31, 2019
     939,676        2.93  
Granted
     805,900        3.75  
Vested
     (764,360      3.51  
Cancelled
     (194,897      3.44  
    
 
 
    
 
 
 
Non-vested,
December 31, 2020
     786,319      $ 3.08