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Equity Incentive Plans (Tables)
6 Months Ended
Jun. 30, 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

 

Granted

745,000

$

1.89

Forfeited

 

(224,198)

$

2.10

 

Outstanding at June 30, 2022

 

9,046,420

$

4.31

 

7.20

$

2

Options exercisable at June 30, 2022

 

6,499,613

$

5.20

 

6.62

$

1

Options vested and expected to vest at June 30, 2022

 

9,046,420

$

4.31

 

7.20

$

2

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

Six Months

Six Months

Ended June 30,

Ended June 30,

    

2022

    

2021

Expected volatility

82.70

%

66.94

%

Weighted average risk-free interest rate

1.82

%

0.8

%

Expected dividend yield

0.00

%

0.00

%

Expected term (in years)

6.44

6.86

Summary of RSU activity under the 2016 Plan

Weighted

Average Grant

    

Number of Shares

    

Date Fair Value

Outstanding at December 31, 2021

 

935,606

$

1.76

Awarded

2,575,000

$

1.94

Outstanding at June 30, 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 June 30, 

Six Months Ended June 30, 

    

2022

    

2021

    

2022

    

2021

Research and development

 

$

617

$

398

$

1,171

$

743

General and administrative

 

649

 

514

1,299

 

1,002

Total

$

1,266

$

912

$

2,470

$

1,745