Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2021

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

Schedule of Stock-Based Compensation Expense

Stock-based compensation expense for the three months ended March 31, 2021 and 2020 was classified in the condensed consolidated statement of operations as follows:

	Three Months Ended March 31,
	2021		2020
	(000’s)
Research and development	$	139	$	81
General and administrative		809		166
Total	$	948	$	247

Schedule of Restricted Share Activity

A summary of the Company’s restricted stock activity during the three months ended March 31, 2021 is as follows:

	Shares			Fair Value
Weighted Average Fair Value	(000’s)			Per Share
Unvested, December 31, 2020		896		$	2.46
Granted		—		$	—
Vested		(93	)	$	1.88
Forfeited or canceled		(36	)	$	1.39
Unvested, March 31, 2021		767		$	1.79

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 assumptions used in the Black-Scholes pricing model to determine the fair value of stock options granted during the three months ended March 31, 2021 were as follows:

Expected term (in years)	6.1
Risk-free rate	0.66	%
Expected volatility	85.9	%

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		$	—		9.7
Granted		1,100		$	5.00		9.9
Exercise		—		$	—
Forfeited/cancelled		(21	)	$	5.00
Outstanding at March 31, 2021		3,238		$	5.00		9.6
Vested at March 31, 2021		1,020		$	5.00		9.4