Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2021

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Schedule of Stock-Based Compensation Expense

Stock-based compensation expense for the six months ended June 30, 2021 and 2020 was classified in the condensed consolidated statement of operations as follows:

	Six Months Ended June 30,
	2021		2020
	(000’s)
Research and development	$	298	$	112
General and administrative		1,558		318
Total	$	1,856	$	430

Schedule of Restricted Share Activity

A summary of the Company’s restricted stock activity during the six months ended June 30, 2021 is as follows:

	Shares			Fair Value
Weighted Average Fair Value	(000’s)			Per Share
Unvested, December 31, 2020		896		$	1.78
Granted		—		$	—
Vested		(180	)	$	1.87
Forfeited or canceled		(59	)	$	1.60
Unvested, June 30, 2021		657		$	1.78

Stock Options

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Schedule of Weighted Average Assumptions on Grant Date Fair Value for Options Granted

The weighted average assumptions used in the Black-Scholes pricing model to determine the fair value of stock options granted during the six months ended June 30, 2021 were as follows:

Expected term (in years)	6.1
Risk-free rate	0.76	%
Expected volatility	89.3	%

2020 Plan

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Summary of Stock Option Activity

The following table summarizes the stock option activity for the 2020 Plan:

				Weighted		Weighted
	Number of			Average		Average
	Unvested			Exercise		Remaining
	Options			Price		Contractual
	(000’s)			Per Share		Life (in years)
Outstanding at December 31, 2020		2,159		$	5.00		9.1
Granted		1,424		$	5.36		9.7
Exercise		—		$	5.00		—
Forfeited/cancelled		(211	)	$	5.00		—
Outstanding at June 30, 2021		3,372		$	5.15		9.2
Vested at June 30, 2021		1,123		$	5.00		8.7