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Stock-based Compensation (Tables)
3 Months Ended
Mar. 31, 2024
Stock-based Compensation [Abstract]  
Stock Option Activity
A summary of the stock option activity is presented in the table below:

   
Number of
Options
   
Weighted Average
Exercise Price
(per share)
   
Weighted Average
Remaining
Contractual Life
(in years)
   
Aggregate
Intrinsic Value
(in thousands)
 
Outstanding at December 31, 2023
   
22,511,900
   
$
2.79
     
8.22
   
$
3,194
 
Granted
   
-
     
-
                 
Exercised
   
-
   
-
                 
Forfeited
   
(384,573
)
   
3.78
                 
Expired
    (25,520 )     0.06                  
Outstanding at March 31, 2024
   
22,101,807
   
$
2.78
     
8.01
   
$
2,832
 
Exercisable at March 31, 2024
   
7,918,930
   
$
3.52
     
6.65
   
$
610
 
Vested and expected to vest at March 31, 2024
   
18,615,698
   
$
2.85
     
7.86
   
$
2,286
 
RSU Activity
A summary of the RSU activity is presented in the table below:

   
Number of Shares
Underlying RSUs
   
Weighted Average
Grant-Date Fair
Value (per share)
 
Nonvested RSUs at December 31, 2023
   
847,169
    $ 2.68  
Granted
   
5,406,164
     
1.73
 
Vested
   
(46,572
)
   
6.66
 
Forfeited
   
(54,417
)
   
2.11
 
Nonvested RSUs at March 31, 2024
   
6,152,344
   

1.82
 
Stock-Based Compensation
Stock-based compensation is allocated to Research and development and Selling, general and administrative operating expenses in the Condensed Consolidated Statements of Operations and Comprehensive Loss. Stock-based compensation expense for the three months ended March 31, 2024 and 2023 is as follows (in thousands):

   
2024
   
2023
 
Research and development
 
$
490
   
$
967
 
Selling, general and administrative
   
1,155
     
2,941
Total stock-based compensation
 
$
1,645
   
$
3,908