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Stockholders Deficit (Tables)
9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
Summary of Stock Based Compensation Recognized in Consolidated Statement of Operations Stock-based compensation expense (including employee stock purchase plan expense) recorded in the accompanying condensed consolidated statements of operations for the three and nine months ended September 30, 2021 and 2020 was as follows:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Selling, general and administrative

 

$

293,916

 

 

$

383,679

 

 

$

934,446

 

 

$

1,079,754

 

Research and development

 

 

35,566

 

 

 

2,044

 

 

 

83,108

 

 

 

85,462

 

Cost of product and product-related services revenue

 

 

9,411

 

 

 

6,440

 

 

 

24,764

 

 

 

14,498

 

 

 

$

338,893

 

 

$

392,163

 

 

$

1,042,318

 

 

$

1,179,714

 

 

Summary of Stock Option Plans Activity

A summary of the Company’s stock option activity for the nine months ended September 30, 2021 is as follows:

 

 

 

Number of

Shares

 

 

Weighted-

Average

Exercise Price

Per Share

 

 

Weighted-

Average

Remaining

Contractual

Life (Years)

 

 

Aggregate

Intrinsic Value

 

Balance at December 31, 2020

 

 

487,227

 

 

$

16.78

 

 

 

8.6

 

 

$

1,536

 

Granted

 

 

70,333

 

 

 

5.74

 

 

 

 

 

 

 

 

 

Exercised

 

 

(75

)

 

 

4.35

 

 

 

 

 

 

$

107

 

Forfeited

 

 

(45,006

)

 

 

12.76

 

 

 

 

 

 

 

 

 

Expired/Cancelled

 

 

(18,229

)

 

 

25.64

 

 

 

 

 

 

 

 

 

Balance at September 30, 2021

 

 

494,250

 

 

$

15.25

 

 

 

8.2

 

 

$

19,222

 

Exercisable at September 30, 2021

 

 

283,107

 

 

$

20.65

 

 

 

7.6

 

 

$

5,882

 

 

Summary of Restricted Stock Unit ("RSU") Award Activity

The following table summarizes restricted stock unit (“RSU”) award activity for the nine months ended September 30, 2021:

 

 

 

Number of

Shares

 

 

Weighted-

Average

Grant Date

Fair Value

Per Share

 

Balance at December 31, 2020

 

 

12,214

 

 

$

28.61

 

Released

 

 

(3,540

)

 

 

29.96

 

Forfeited

 

 

(2,373

)

 

 

51.00

 

Balance at September 30, 2021

 

 

6,301

 

 

$

19.40

 

Vested and unissued at September 30, 2021

 

 

989

 

 

$

26.14