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Stock Award Plans (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock Based Award Plans

The following table summarizes information about the Company’s stock-based award plans as of December 31, 2019:

 

 

 

Outstanding

Options

 

 

Outstanding

Restricted

Stock Units

 

 

Shares Available

for Future

Issuance

 

2004 Equity Incentive Plan

 

 

451,149

 

 

 

 

 

 

 

2013 Equity Incentive Plan

 

 

4,714,169

 

 

 

393,309

 

 

 

 

2018 Equity Incentive Plan

 

 

8,934,586

 

 

 

663,738

 

 

 

4,710,565

 

2004 Non-Employee Directors’ Stock Option Plan

 

 

35,777

 

 

 

 

 

 

 

Total

 

 

14,135,681

 

 

 

1,057,047

 

 

 

4,710,565

 

Stock Based Compensation Expense Recognized in Accompanying Consolidated Statements of Operations by Category

Total stock-based compensation expense recognized in the accompanying consolidated statements of operations is included in the following categories (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2019

 

 

2018

 

Cost of goods sold

 

$

601

 

 

$

379

 

Research and development

 

 

356

 

 

 

1,203

 

Selling, general and administrative

 

 

4,508

 

 

 

5,275

 

Cost of revenue — collaborations and services

 

 

738

 

 

 

 

Total

 

$

6,203

 

 

$

6,857

 

Assumptions Used to Calculate Fair Value of Employee Stock Options The Company calculated the fair value of employee stock options granted during the years ended December 31, 2019 and 2018 using the following assumptions:

 

 

 

Year Ended December 31,

 

 

 

2019

 

 

2018

 

Risk-free interest rate

 

1.52% — 2.51%

 

 

2.63% — 3.11%

 

Expected lives

 

6.20 — 9.37 years

 

 

5.90 — 7.19 years

 

Volatility

 

93.05% — 94.25%

 

 

92.68% — 93.62%

 

Dividends

 

 

 

 

 

 

 

Summary of Stock Options Outstanding

The following table summarizes information about stock options outstanding:

 

 

 

Number of

Shares

 

 

Weighted

Average Exercise

Price per Share

 

 

Weighted

Average

Remaining

Contractual

Term

(Years)

 

 

Aggregate

Intrinsic

Value ($000)

 

Outstanding at January 1, 2019

 

 

10,976,118

 

 

$

5.75

 

 

 

7.83

 

 

$

 

Granted

 

 

5,613,253

 

 

 

1.32

 

 

 

 

 

 

 

 

 

Exercised

 

 

(67,461

)

 

 

1.10

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(1,395,644

)

 

 

2.25

 

 

 

 

 

 

 

 

 

Expired

 

 

(990,585

)

 

 

17.07

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2019

 

 

14,135,681

 

 

$

3.09

 

 

 

7.84

 

 

$

182

 

Exercisable at December 31, 2019

 

 

4,554,661

 

 

$

6.20

 

 

 

6.00

 

 

$

86

 

 

Summary of Restricted Stock Unit Activity

A summary of restricted stock unit activity for the year ended December 31, 2019 is presented below:

 

 

 

Number of

Shares

 

 

Weighted

Average

Grant Date

Fair Value

per Share

 

Outstanding at January 1, 2019

 

 

691,266

 

 

$

3.72

 

Granted

 

 

1,293,690

 

 

 

1.42

 

Vested

 

 

(804,105

)

 

 

2.33

 

Forfeited

 

 

(123,804

)

 

 

2.06

 

Outstanding at December 31, 2019

 

 

1,057,047

 

 

 

2.16