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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Stock Based Compensation Expense

Stock-based compensation expense, which includes expense for both employees and non-employees, has been reported in the Company’s condensed statements of operations for the three and nine months ended September 30, 2019 and 2018 as follows (in thousands):

 

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Research and development

 

$

146

 

 

$

24

 

 

$

430

 

 

$

394

 

General and administrative

 

 

759

 

 

 

659

 

 

 

2,101

 

 

 

1,203

 

Total stock-based compensation

 

$

905

 

 

$

683

 

 

$

2,531

 

 

$

1,597

 

Schedule of Stock Option Activity

The following table summarizes the Company’s stock option activity under the Company’s 2013 Equity Incentive Plan and the Company’s 2018 Equity Incentive Plan for the nine months ended September 30, 2019:

 

 

 

 

 

 

 

 

 

 

 

Weighted average

 

 

 

 

 

 

 

 

 

 

 

Weighted average

 

 

remaining contractual

 

 

Aggregate intrinsic

 

 

 

Number of shares

 

 

exercise price

 

 

life (in years)

 

 

value

 

Outstanding as of December 31,

   2018

 

 

1,529,883

 

 

$

8.03

 

 

 

 

 

 

 

 

 

Granted

 

 

647,575

 

 

 

10.74

 

 

 

 

 

 

 

 

 

Exercised

 

 

(40,041

)

 

 

5.49

 

 

 

 

 

 

 

 

 

Forfeitures

 

 

(151,216

)

 

 

8.87

 

 

 

 

 

 

 

 

 

Outstanding as of September 30, 2019

 

 

1,986,201

 

 

$

8.90

 

 

 

8.7

 

 

$

11,771,966

 

Options vested and exercisable as of

   September 30, 2019

 

 

584,780

 

 

$

7.29

 

 

 

8.3

 

 

$

4,403,891