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Stock option plan (Tables)
12 Months Ended
Dec. 31, 2019
Stock option plan  
Schedule of assumptions used in valuation of stock options

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

    

2019

    

2018

    

2017

Expected volatility

 

73.5% ‑ 74.5% 

 

71.5

%  

71.9% ‑ 75.4%

Risk‑free rate

 

1.53% ‑ 2.63% 

 

2.9

%  

2.3% ‑ 2.5%

Expected dividend yield

 

0%

  

 0

%  

0%

Expected term in years

 

6.08 - 7.59

 

8.2

 

8.6 ‑ 9.7

 

Summary of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

    

    

    

 

Weighted‑

    

Weighted

    

    

 

 

 

 

 

 

average

 

average

 

 

 

 

 

 

 

 

exercise

 

remaining

 

Aggregate

 

 

Number of

 

price per

 

contractual

 

intrinsic

 

 

options

 

share

 

term (in years)

 

value

Outstanding at January 1, 2017

 

 

1,237,292

 

$

1.85

 

9.2

 

 

 

Granted

 

 

663,224

 

 

0.73

 

  

 

 

  

Exercised

 

 

 —

 

 

 —

 

  

 

 

  

Cancelled/Forfeited

 

 

(3,310)

 

 

0.92

 

  

 

 

  

Outstanding at December 31, 2017

 

 

1,897,206

 

$

1.46

 

8.3

 

 

 

Granted

 

 

24,067

 

 

1.01

 

  

 

 

  

Exercised

 

 

(2,306)

 

 

0.92

 

  

 

 

  

Cancelled/Forfeited

 

 

(74,779)

 

 

17.31

 

  

 

 

  

Outstanding at December 31, 2018

 

 

1,844,188

 

$

0.82

 

7.6

 

 

 

Granted

 

 

2,018,796

 

 

8.82

 

  

 

 

  

Exercised

 

 

(322,267)

 

 

0.23

 

  

 

 

  

Cancelled/Forfeited

 

 

(40,783)

 

 

0.99

 

  

 

 

  

Outstanding at December 31, 2019

 

 

3,499,934

 

$

5.49

 

7.5

 

$

141,413,705

Exercisable at December 31, 2019

 

 

1,203,298

 

$

0.93

 

6.7

 

$

54,101,434

Vested or expected to vest at December 31, 2019

 

 

3,499,934

 

$

5.49

 

7.5

 

$

141,413,705