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Stock Incentive Plans (Tables)
9 Months Ended
Sep. 30, 2020
Stock Based Compensation  
Summary of incentive plan activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

Weighted Average

 

 

 

 

 

Shares

 

Stock

 

 

 

Average

 

Remaining

 

Aggregate

 

 

Available

 

Options

 

RSUs

 

Stock Option

 

Contractual Life

 

Intrinsic

(in thousands, except share and per share data)

    

for Grant

    

Outstanding

    

Outstanding

    

Exercise Price

    

(Years)

    

Value*

Outstanding at December 31, 2019

 

479,829

 

3,902,675

 

5,613

 

$

5.20

 

9.56

 

$

—  

Additional shares authorized

 

786,229

 

 —

 

 —

 

 

 —

 

 —

 

 

—  

Options granted

 

(953,318)

 

953,318

 

 —

 

 

0.44

 

 —

 

 

—  

Option exercise

 

 —

 

(555)

 

 —

 

 

0.45

 

 —

 

 

—  

Options canceled

 

338,999

 

(338,999)

 

 —

 

 

4.11

 

 —

 

 

—  

Options canceled not rolled back into the 2013 Plan

 

 —

 

(15)

 

 —

 

 

 —

 

 —

 

 

—  

Outstanding at September 30, 2020

 

651,739

 

4,516,424

 

5,613

 

$

4.28

 

8.97

 

$

—  

Exercisable at September 30, 2020

 

 

 

1,870,808

 

 

 

$

8.14

 

8.86

 

$

—  

Vested and expected to vest at September 30, 2020

 

 

 

4,170,443

 

 

 

$

4.53

 

8.96

 

$

—  


*Fair market value of JAGX common stock on September 30, 2020 was $0.29 per share.

Summary of stock-based compensation expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

    

2020

    

2019

    

2020

    

2019

 

(in thousands)

 

(unaudited)

 

(unaudited)

 

Research and development expense

 

$

175

 

$

333

 

$

580

 

$

549

 

Sales and marketing expense

 

 

54

 

 

41

 

 

167

 

 

87

 

General and administrative expense

 

 

446

 

 

736

 

 

1,437

 

 

1,347

 

Total

 

$

675

 

$

1,110

 

$

2,184

 

$

1,983

 

 

Employee stock options  
Stock Based Compensation  
Schedule of estimated grant-date fair value of stock options calculated using the Black-Scholes option-pricing model

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

 

September 30,

 

 

    

2020

    

2019

 

 

 

(unaudited)

 

Weighted-average volatility

 

150.1 - 172.4

%  

142.9 - 145.9

%  

Weighted-average expected term (years)

 

1.0 - 5.0

 

5.6 - 5.8

 

Risk-free interest rate

 

0.1 - 0.5

%  

1.5 - 1.9

%  

Expected dividend yield

 

 —

 

 —