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Stock Plans and Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Allocated Stock Based Compensation Expense

Stock-based compensation expense was allocated based on the employees’ and non-employees’ functions as follows:

 

 

 

Three Months Ended

March 31,

 

 

 

2020

 

 

2019

 

Cost of goods sold

 

$

71

 

 

$

111

 

Research and development

 

 

201

 

 

 

265

 

Sales and marketing

 

 

440

 

 

 

513

 

General and administrative

 

 

735

 

 

 

1,014

 

Total

 

$

1,447

 

 

$

1,903

 

Schedule of Weighted Average Assumptions Used in Black-Scholes Options Pricing Model

The weighted average assumptions used in the Black-Scholes options pricing model are as follows:

 

 

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

Expected dividend yield

 

 

0.0

%

 

 

0.0

%

Risk free interest rate

 

 

1.8

%

 

 

2.5

%

Expected stock price volatility

 

 

87.6

%

 

 

75.5

%

Expected term (years)

 

 

6.1

 

 

 

6.1

 

Summary of Restricted Stock Activity

A summary of restricted stock activity for the three months ended March 31, 2020 is as follows:

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Grant Date

 

 

 

Shares

 

 

Fair Value

 

Unvested at December 31, 2019

 

 

229,913

 

 

$

3.76

 

Granted/purchased

 

 

36,367

 

 

 

10.40

 

Vested

 

 

(40,931

)

 

 

3.30

 

Canceled

 

 

-

 

 

 

-

 

Unvested at March 31, 2020

 

 

225,349

 

 

$

4.65

 

Employee Stock Purchase Plan  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Weighted Average Assumptions Used in Black-Scholes Options Pricing Model

The fair value of the purchase right for the ESPP option is estimated on the date of grant using the Black-Scholes model with the following assumptions for the initial offering period:

 

Expected dividend yield

 

 

0.0

%

Risk free interest rate

 

 

1.6

%

Expected stock price volatility

 

 

107.9

%

Expected term (years)

 

 

0.4