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SHARE-BASED COMPENSATION, STOCK OPTIONS, AND RESTRICTED SECURITIES (Tables)
12 Months Ended
Dec. 31, 2020
SHARE-BASED COMPENSATION, STOCK OPTIONS, AND RESTRICTED SECURITIES  
Summary of stock based compensation classified in the consolidated statements of operations

 

 

 

 

 

 

 

Year Ended December 31, 

(In thousands)

2020

 

2019

Research and development

$

40

 

$

94

General and administrative

 

175

 

 

174

Total

$

215

 

$

268

 

Schedule of assumptions used principally in determining the fair value of options granted

 

 

 

 

 

 

 

December 31, 

 

 

 

    

2019

 

 

Risk-free interest rate

    

2.55%

 

 

Expected dividend yield

 

0%

 

 

Expected term (employee grants)

 

6 Years

 

 

Expected volatility

 

105%

 

 

 

Summary of option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

Average

 

 

Remaining

Aggregate

 

 

 

 

Exercise

 

 

Contractual

Intrinsic

Options

    

Shares

    

Price

    

 

Term in Years

Value

Outstanding at December 31, 2018

 

1,858

 

$

2,976.58

 

 

7.32

 

$

 —

Granted

 

3,000

 

$

45.90

 

 

 

 

 

 

Expired

 

(85)

 

$

6,794.12

 

 

 

 

 

 

Cancelled/Forfeited

 

(586)

 

$

1,195.25

 

 

 

 

 

 

Outstanding at December 31, 2019

 

4,187

 

$

1,077.78

 

 

8.17

 

$

 —

Expired

 

(17)

 

$

6,780.00

 

 

 

 

 

 

Cancelled/Forfeited

 

(1)

 

$

3,262.50

 

 

 

 

 

 

Outstanding at December 31, 2020

 

4,169

 

$

1,054.01

 

 

7.18

 

$

 —

Vested and Exercisable at December 31, 2020

 

2,104

 

$

1,984.48

 

 

6.38

 

$

 —

Vested and expected to vest at December 31, 2020

 

4,169

 

$

1,054.01

 

 

7.18

$

 

 —

 

Summary of restricted stock unit activity

 

 

 

 

 

 

 

 

 

 

Weighted-Average

Restricted Securities

    

Number of Grants

    

Grant Date Fair Value

Unvested balance at December 31, 2018

 

343

 

$

693.17

Granted

 

6,886

 

 

15.59

Vested/Released

 

(143)

 

$

734.70

Unvested balance at December 31, 2019

 

7,086

 

$

33.78

Vested

 

(100)

 

$

660.00

Forfeited

 

(584)

 

$

15.60

Unvested balance at December 31, 2020

 

6,402

 

$

25.67