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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of option activity

The following summarizes all option activity under the 2007 Plan, 2014 Plan and Inducement Plan:

 

 

 

 

 

 

Weighted

 

 

Weighted
average

 

 

 

 

 

 

average

 

 

remaining

 

 

 

Option

 

 

exercise

 

 

contractual

 

 

 

Shares

 

 

price

 

 

term (year)

 

Balances at December 31, 2019

 

 

1,880,846

 

 

$

7.42

 

 

 

5.48

 

Granted

 

 

600,000

 

 

 

3.58

 

 

 

 

Exercised

 

 

(9,817

)

 

 

2.89

 

 

 

 

Forfeited

 

 

(511,528

)

 

 

8.87

 

 

 

 

Balances at December 31, 2020

 

 

1,959,501

 

 

$

4.79

 

 

 

5.92

 

Exercised

 

 

(72,726

)

 

 

3.99

 

 

 

 

Forfeited

 

 

(182,812

)

 

 

5.49

 

 

 

 

Balances at December 31, 2021

 

 

1,703,963

 

 

$

4.75

 

 

 

5.41

 

Vested and expected to vest at December 31, 2021

 

 

1,703,963

 

 

 

 

 

 

 

Vested and exercisable at December 31, 2021

 

 

1,266,428

 

 

 

 

 

 

7.27

 

 

Summary of RSUs activity

Activity related to RSUs is set forth below:

 

 

 

 

 

 

Weighted
average

 

 

 

Number

 

 

grant date

 

 

 

of shares

 

 

fair value

 

Balances at December 31, 2019

 

 

2,232,956

 

 

$

11.99

 

Granted

 

 

3,070,430

 

 

 

4.77

 

Vested

 

 

(1,150,707

)

 

 

10.06

 

Forfeited

 

 

(1,058,889

)

 

 

7.82

 

Balances at December 31, 2020

 

 

3,093,790

 

 

$

6.97

 

Granted

 

 

1,636,969

 

 

 

7.06

 

Vested

 

 

(1,452,893

)

 

 

6.42

 

Forfeited

 

 

(478,314

)

 

 

2.31

 

Balances at December 31, 2021

 

 

2,799,552

 

 

$

8.11

 

Stock Option  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Fair Value of Employee Stock Options Estimated Using Black-Scholes Option Valuation Model

The following table presents the weighted‑average assumptions used to estimate the fair value of options granted during the periods presented:

 

 

 

Year Ended December 31,

Stock Options

 

2021

 

2020

 

2019

Expected term (in years)

 

 

6.50

 

Expected volatility

 

 

82.65%

 

Risk-free interest rate

 

 

0.27%

 

Dividend yield

 

 

 

Employee Stock Purchase Plan  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Fair Value of Employee Stock Options Estimated Using Black-Scholes Option Valuation Model

The following table presents the weighted-average assumptions used to estimate the fair value of the stock purchase rights granted under the employee stock purchase plan:

 

 

 

Year Ended December 31,

ESPP

 

2021

 

2020

 

2019

Expected term (in years)

 

0.50

 

to

2.00

 

 

0.50

 

to

2.00

 

 

0.50

 

to

2.00

 

Expected volatility

 

64

%

to

101

%

 

68

%

to

139

%

 

69

%

to

77

%

Risk-free interest rate

 

0.06

%

to

0.20

%

 

0.14

%

to

1.57

%

 

1.87

%

to

2.06

%

Dividend yield