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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Stock-Based Compensation  
Schedule of Valuation Assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the

 

 

 

Year Ended

 

 

    

December 31, 2019

  

Exercise price per share

 

$

4.14

 

-

$

11.28

 

Expected stock price volatility

 

 

78.05

%

-

 

79.48

%

Risk-free rate of interest

 

 

1.51

%

-

 

2.53

%

Fair value of grants per share

 

$

2.73

 

-

$

8.17

 

Expected Term (years)

 

 

5.0

 

-

 

7.0

 

 

Schedule of Stock Option Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

 

Number

 

Weighted Average

 

Total

 

Remaining

 

 

of

 

Exercise

 

Intrinsic

 

Contractual

 

  

Shares

  

Price per Share

  

Value

  

Life (in years)

Outstanding as of January 1, 2019

 

2,744,153

 

$

2.33

 

$

7,411

 

8.8

Options granted

 

384,800

 

$

9.68

 

$

 —

 

9.4

Options forfeited

 

(15,666)

 

$

8.53

 

$

 —

 

 —

  Options exercised

 

(54,938)

 

$

0.41

 

$

 —

 

 —

Outstanding as of December 31, 2019

 

3,058,349

 

$

3.26

 

$

34,725

 

8.0

 

 

 

 

 

 

 

 

 

 

 

Options vested and exercisable as of December 31, 2019

 

2,095,252

 

$

1.67

 

$

27,104

 

7.8