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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2020
Stockholders' Equity Note [Abstract]  
Schedule of shares of common stock reserved for issuance

The Company has reserved the following shares of common stock for issuance as of December 31, 2020:

 

Warrants to purchase common stock   51,238 
Options:     
Outstanding under the 2020 Equity Incentive Plan   637,286 
Outstanding under the 2012 Equity Incentive Plan   3,090,821 
Outstanding under the 2001 Equity Incentive Plan   42 
Available for future grants under the 2020 Equity Incentive Plan   6,349,911 
    10,129,298 
Summary of stock option activity

The following table summarizes stock option activity for the years ended December 31, 2020 and 2019:

 

   Number of
Shares
  

Weighted

Average
Exercise

Price (per
share)(1)

   Weighted-
Average
Remaining
Contractual
Term (in
years)
   Aggregate
Intrinsic
Value
($000's)
(2)
 
Outstanding at January 1, 2019   3,081,863   $4.75           
Granted   294,191    3.90           
Exercised   (97,725)   3.35           
Cancelled (forfeited)   (101,984)   3.10           
Cancelled (expired)   (9)   48.40           
Outstanding at December 31, 2019   3,176,336    4.75           
Granted   981,164    7.35           
Exercised   (429,330)   3.55           
Cancelled (expired)   (21)   58.40           
Outstanding at December 31, 2020   3,728,149   $5.57    7.6   $44,479 
                     
Options vested and expected to vest   3,715,473   $5.57    7.6   $44,328 
Exercisable   2,999,502   $5.07    7.2   $10 

 

______________________

 

(1)The weighted average price per share is determined using exercise price per share for stock options.

 

(2)The aggregate intrinsic value is calculated as the difference between the exercise price of the option and the fair value of the Company’s common stock for in-the-money options at December 31, 2020.
Schedule of stock options outstanding and exercisable by exercise price

The stock options outstanding and exercisable by exercise price at December 31, 2020 are as follows:

 

   Stock Options Outstanding   Stock Options Exercisable 
Range of Exercise Prices  Number
of Shares
   Weighted-
Average
Remaining
Contractual
Life
In Years
   Weighted-
Average
Exercise
Price
Per Share
   Number of
Shares
   Weighted-
Average
Exercise
Price
Per Share
 
$1.65 - $3.33   2,534,965    7.30   $3.14    2,372,837   $3.18 
$4.20 - $9.05   343,065    8.95   $6.30    176,190   $4.92 
$9.65 - $16.50   587,286    9.31   $10.57    187,642   $12.53 
$16.90 - $16.90   252,604    5.62   $16.90    252,604   $16.90 
$17.00 - $18.00   10,125    5.72   $17.01    10,125   $17.01 
$58.40 - $86.80   42    0.09   $67.87    42   $67.87 
$216.40 - $240.00   62    0.12   $225.92    62   $225.92 
    3,728,149    7.65   $5.57    2,999,502   $5.07 

 

Schedule of fair value-based measurement of stock options granted under the entity's stock plans estimated using Black-Scholes model

The weighted-average fair value-based measurement of stock options granted under the Company’s stock plans in the years ended December 31, 2020 and 2019 was $7.35 and $3.95 per share, respectively. The fair value- based measurement of stock options granted under the Company’s stock plans was estimated at the date of grant using the Black-Scholes model with the following assumptions:

 

   Year Ended December 31,
   2020  2019
Expected term  5 - 6 years  5 - 6 years
Expected volatility  95% - 111%  96% - 99%
Risk-free interest rate  0.28% - 1.57%  1.74% - 2.59%
Expected dividend yield  0%  0%
Schedule of total stock-based compensation expense recognized

Total expense for stock option grants recognized was as follows:

 

   Year ended December 31, 
   2020   2019 
Selling,general and administrative  $1,773   $1,928 
Reseach and development   337    97 
Total stock-based compensation  $2,110   $2,025