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Equity-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Options Activity

The following table summarizes our stock options activity:

 

 

 

Number of
Options

 

 

Weighted-
average
exercise
price
per share

 

 

Weighted-
average
remaining
contractual
term
(in years)

 

 

Aggregate
intrinsic
value

 

Outstanding, December 31, 2021

 

 

3,071,613

 

 

$

13.12

 

 

 

8.5

 

 

$

 

   Granted

 

 

450,078

 

 

$

8.42

 

 

 

 

 

 

 

Outstanding March 31, 2022

 

 

3,521,691

 

 

$

12.52

 

 

 

8.5

 

 

$

 

Exercisable at March 31, 2022

 

 

346,575

 

 

$

13.93

 

 

 

7.1

 

 

$

 

Schedule of Equity-based Compensation Expense

Equity-based compensation expense recorded as research and development and general and administrative expenses is as follows (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

Research and development

 

$

685

 

 

$

1

 

General and administrative

 

 

935

 

 

 

3

 

Total equity-based compensation

 

$

1,620

 

 

$

4