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Equity Incentive Plans (Tables)
9 Months Ended
Sep. 30, 2022
Equity Incentive Plans  
Schedule 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

3,900,000

$

1.51

Forfeited

 

(492,915)

$

2.17

 

Outstanding at September 30, 2022

 

11,932,703

$

3.60

 

7.65

$

1

Options exercisable at September 30, 2022

 

6,907,653

$

5.01

 

6.39

Options vested and expected to vest at September 30, 2022

 

11,932,703

$

3.60

 

7.65

$

1

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

Nine Months

Nine Months

Ended September 30,

Ended September 30,

    

2022

    

2021

Expected volatility

82.70

%

66.94

%

Weighted average risk-free interest rate

3.06

%

0.81

%

Expected dividend yield

0.00

%

0.00

%

Expected term (in years)

6.48

6.82

Schedule 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

2,650,000

$

1.93

Outstanding at September 30, 2022

 

3,585,606

$

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 September 30, 

Nine Months Ended September 30, 

    

2022

    

2021

    

2022

    

2021

Research and development

 

$

634

$

477

$

1,805

$

1,220

General and administrative

 

619

 

526

1,918

 

1,528

Total

$

1,253

$

1,003

$

3,723

$

2,748