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Stock Award Plans (Tables)
12 Months Ended
Dec. 31, 2021
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, 2021:

 

 

 

Outstanding

Options

 

 

Outstanding

Restricted

Stock Units

 

 

Shares Available

for Future

Issuance

 

2004 Equity Incentive Plan

 

 

206,358

 

 

 

 

 

 

 

2013 Equity Incentive Plan

 

 

3,639,936

 

 

 

2,600

 

 

 

 

2018 Equity Incentive Plan

 

 

6,800,852

 

 

 

7,606,425

 

 

 

5,344,810

 

2004 Non-Employee Directors’ Stock Option Plan

 

 

8,000

 

 

 

 

 

 

 

Total

 

 

10,655,146

 

 

 

7,609,025

 

 

 

5,344,810

 

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,

 

 

 

2021

 

 

2020

 

Cost of goods sold

 

$

407

 

 

$

446

 

Cost of revenue — collaborations and services

 

 

1,708

 

 

 

626

 

Research and development

 

 

614

 

 

 

338

 

Selling, general and administrative

 

 

9,471

 

 

 

5,101

 

Total

 

$

12,200

 

 

$

6,511

 

Assumptions Used to Calculate Fair Value of Employee Stock Options The Company calculated the fair value of employee stock options granted during the year ended December 31, 2020 using the following assumptions:

 

 

 

Year Ended December 31,

 

 

 

2020

 

Risk-free interest rate

 

0.39% — 1.52%

 

Expected lives

 

5.67 — 7.0 years

 

Volatility

 

93.83% — 94.25%

 

Dividends

 

 

 

 

Summary of Stock Options Outstanding

The following table summarizes information relating to stock options:

 

 

 

Number of

Shares

 

 

Weighted

Average Exercise

Price per Share

 

 

Weighted

Average

Remaining

Contractual

Term

(Years)

 

 

Aggregate

Intrinsic

Value ($000)

 

Outstanding at January 1, 2021

 

 

12,264,616

 

 

$

3.41

 

 

 

6.45

 

 

$

15,414

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(586,572

)

 

 

1.72

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(258,410

)

 

 

1.59

 

 

 

 

 

 

 

 

 

Expired

 

 

(764,488

)

 

 

11.57

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2021

 

 

10,655,146

 

 

$

2.96

 

 

 

5.82

 

 

$

25,458

 

Exercisable at December 31, 2021

 

 

8,009,961

 

 

$

3.40

 

 

 

5.58

 

 

$

18,436

 

 

Summary of Restricted Stock Unit Activity

The following table summarizes information relating to restricted stock units:

 

 

 

Number of

Shares

 

 

Weighted

Average

Grant Date

Fair Value

per Share

 

Outstanding at January 1, 2021

 

 

6,037,542

 

 

$

2.20

 

Granted

 

 

3,326,798

 

 

 

5.82

 

Vested

 

 

(1,516,065

)

 

 

2.22

 

Forfeited

 

 

(239,250

)

 

 

2.58

 

Outstanding at December 31, 2021

 

 

7,609,025

 

 

 

3.77