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Stock-based Compensation (Tables)
9 Months Ended
Sep. 30, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of fair value of options granted
Expected volatility   96.5%
Expected dividend yield   
 
Expected term (in years)   2.99 
Risk-free interest rate   0.44%

 

Schedule of stock option activity
   Number of
Options
   Weighted
Average
Exercise
Price Per
Share
   Weighted
Average
Remaining
Contractual
Term
(years)
   Aggregate
Intrinsic
Value (1)
 
Outstanding at December 31, 2020   496,471   $8.63    3.9   $
 
Granted   575,565   $1.65    4.8   $
 
Exercised   
   $
    
   $
 
Forfeited   (3,300)  $
    
   $
 
Expired   
   $
    
   $
 
Outstanding at September 30, 2021   1,068,736   $4.73    2.1   $
 
Exercisable at September 30, 2021   519,125   $6.95    1.9   $
 

 

(1) The aggregate intrinsic value in the table was calculated based on the difference between the estimated fair market value of the Company’s stock and the exercise price of the underlying options. The estimated stock values used in the calculation were $1.73 and $1.51 per share for the year ended December 31, 2020 and the nine months ended September 30, 2021, respectively.

 

Schedule of summarizes restricted stock unit activity
   Number  of
Units
   Weighted Average
Grant-Date Fair
Value Per Unit
 
Outstanding as of December 31, 2020   32,072   $2.01 
Granted   
   $
 
Vested   (31,405)  $1.97 
Forfeited   
   $
 
Outstanding as of September 30, 2021   667   $1.80 

 

Schedule of stock-based compensation expense
   Three Months Ended
September 30,
   Nine Months Ended
September 30,
 
   2021   2020   2021   2020 
                 
Research and development  $1   $2   $2   $7 
Selling, general and administrative   213    160    548    446 
Total stock-based compensation expense  $214   $162   $550   $453