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Stock-based Compensation (Tables)
9 Months Ended
Sep. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Options Activity

The following summarizes stock option activity:

 

 

 

Number of

Shares

 

 

Weighted

Average

Exercise

Price Per

Share

 

 

Weighted

Average

Remaining

Contractual

Term

(years)

 

 

Aggregate

Intrinsic

Value

 

Outstanding at January 1, 2020

 

 

3,911,633

 

 

$

1.50

 

 

 

8.5

 

 

$

3,915

 

Granted

 

 

3,408,861

 

 

$

6.38

 

 

 

 

 

 

 

 

 

Exercised

 

 

(18,747

)

 

$

1.43

 

 

 

 

 

 

 

 

 

Cancelled

 

 

(300,000

)

 

$

6.83

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2020

 

 

7,001,747

 

 

$

3.65

 

 

 

8.7

 

 

$

22,406

 

Options exercisable at September 30, 2020

 

 

2,857,918

 

 

$

1.47

 

 

 

7.4

 

 

$

15,371

 

Vested or expected to vest at September 30, 2020

 

 

7,001,747

 

 

$

3.65

 

 

 

8.7

 

 

$

22,406

 

Schedule of Stock-based Compensation Expense

Stock-based compensation expense is classified as follows:

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Research and development expense

 

$

2,469

 

 

$

63

 

 

$

2,627

 

 

$

188

 

General and administrative

 

 

1,769

 

 

 

94

 

 

 

2,009

 

 

 

262

 

Total stock-based compensation expense

 

$

4,238

 

 

$

157

 

 

$

4,636

 

 

$

450