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Equity Incentive Plans (Tables)
9 Months Ended
Sep. 30, 2020
Equity Incentive Plans  
Summary of stock option activity under the Equity Plans

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

Weighted

    

 

    

 

 

 

 

 

 

Average

 

Weighted

 

 

Aggregate

 

 

 

 

Exercise Price

 

Average Remaining

 

 

Intrinsic

 

 

Options

 

Per Share

 

Life in Years

 

 

Value

Outstanding at December 31, 2019

 

4,024,566

 

$

7.48

 

7.98

 

$

 2

Granted

 

2,547,500

 

$

2.12

 

 

 

 

 

Exercised

 

(32,778)

 

$

1.53

 

 

 

 

 

Forfeited

 

(260,435)

 

$

6.95

 

 

 

 

 

Outstanding at September 30, 2020

 

6,278,853

 

$

5.35

 

8.18

 

$

1,082

Options exercisable at September 30, 2020

 

3,113,663

 

$

8.45

 

7.12

 

$

359

Options vested and expected to vest at September 30, 2020

 

6,278,853

 

$

5.35

 

8.18

 

$

1,082

 

Schedule of assumptions used to determine grant-date fair value of stock options

 

 

 

 

 

 

 

 

 

 

 

Nine Months

 

Year Ended

 

 

 

 

Ended September 30,

 

 December 31,

 

 

    

 

2020

    

2019

 

Expected volatility

 

 

66.94

%

 

66.94

%

Weighted average risk-free interest rate

 

 

0.66

%

 

2.07

%

Expected dividend yield

 

 

0.00

%

 

0.00

%

Expected term (in years)

 

 

6.85

 

 

6.77

 

 

Schedule of stock-based compensation expense related to issuance of stock option awards recognized in condensed consolidated statements of operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 

 

Nine Months Ended September 30, 

 

    

2020

    

2019

    

2020

    

2019

Research and development

 

$

282

 

$

181

 

$

720

 

$

536

General and administrative

 

 

309

 

 

769

 

 

967

 

 

2,260

Total

 

$

591

 

$

950

 

$

1,687

 

$

2,796

 

Summary of outstanding RSU under the 2016 Plan

 

 

 

 

 

 

 

    

 

    

Weighted

 

 

 

 

Average

 

 

Number of

 

Grant Date

 

 

Shares

 

Fair Value

Outstanding at December 31, 2019

 

90,500

 

$

1.74

Awarded

 

753,106

 

$

1.49

Settled in cash

 

(90,500)

 

$

1.74

Outstanding at June 30, 2020

 

753,106

 

$

1.49