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Equity Incentive Plans (Tables)
3 Months Ended
Mar. 31, 2022
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, 2021

 

8,525,618

$

4.48

 

7.58

 

$

7,673

Granted

650,000

$

1.97

Forfeited

 

(74,111)

$

2.11

 

Outstanding at March 31, 2022

 

9,101,507

$

4.32

 

7.45

$

697

Options exercisable at March 31, 2022

 

5,983,001

$

5.48

 

6.73

$

514

Options vested and expected to vest at March 31, 2022

 

9,101,507

$

4.32

 

7.45

$

697

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

Three Months

Three Months

Ended March 31,

Ended March 31,

    

2022

    

2021

Expected volatility

82.70

%

66.94

%

Weighted average risk-free interest rate

1.67

%

0.66

%

Expected dividend yield

0.00

%

0.00

%

Expected term (in years)

6.01

6.86

Summary of RSU activity under the 2016 Plan

Weighted

Average Grant

    

Number of Shares

    

Date Fair Value

Outstanding at December 31, 2020

 

753,106

$

1.52

Awarded

 

275,000

$

2.57

Settled in cash

 

(92,500)

$

1.97

Outstanding at December 31, 2021

 

935,606

$

1.76

Awarded

2,575,000

$

1.94

Outstanding at March 31, 2022

 

3,510,606

$

1.89

Schedule of recognized stock-based compensation expense related to the issuance of stock option awards and RSUs to employees and non-employees in the condensed consolidated statements of operations

Three Months Ended March 31, 

    

2022

    

2021

Research and development

 

$

554

$

345

General and administrative

 

650

 

488

Total

$

1,204

$

833