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Equity-Based Compensation (Tables)
6 Months Ended
Jun. 30, 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
(in thousands)

 

Outstanding, December 31, 2021

 

 

3,071,613

 

 

$

13.12

 

 

 

8.5

 

 

$

 

   Granted

 

 

650,503

 

 

$

7.43

 

 

 

 

 

 

 

   Cancelled or forfeited

 

 

(290,858

)

 

$

12.96

 

 

 

 

 

 

 

Outstanding June 30, 2022

 

 

3,431,258

 

 

$

12.05

 

 

 

8.3

 

 

$

14,600

 

Exercisable at June 30, 2022

 

 

513,491

 

 

$

13.65

 

 

 

7.3

 

 

$

 

 

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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Research and development

 

$

538

 

 

$

2

 

 

$

1,223

 

 

$

3

 

General and administrative

 

 

820

 

 

 

3

 

 

 

1,755

 

 

 

6

 

Total equity-based compensation

 

$

1,358

 

 

$

5

 

 

$

2,978

 

 

$

9