Annual report pursuant to Section 13 and 15(d)

Stock-based Compensation (Tables)

v3.20.1
Stock-based Compensation (Tables)
 12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Recognized Stock-Based Compensation

The Company recognized stock-based compensation expense (options and restricted share grants) in its consolidated statements of operations as follows (in thousands):

 

    Year Ended December 31,  
    2019     2018  
Research and Development   $ 973     $ 896  
General and Administrative     2,012       2,937  
Total   $ 2,985     $ 3,833  

Schedule of Equity Compensation Plan by Arrangements

The following table contains information about the Company’s stock plan at December 31, 2019:

 

    Awards Reserved for Issuance     Awards Issued & Exercised     Awards
Available for Grant
2013 Equity Compensation Plan (in thousands)     22,422 *     19,901 **   2,521
                     

 

* Increased by 4,532 thousand on January 1, 2019, representing 4% of the total number of shares of common stock outstanding on December 31, 2018.
** Includes both stock grants and option grants

Schedule of Stock Option Activity

The following table summarizes the Company’ stock option activity and related information for the period from January 1, 2018 to December 31, 2019 (options in thousands):

 

    Number of Options     Weighted Average Exercise Price     Weighted Average Contractual Term in Years  
Outstanding at January 1, 2018     11,396     $ 1.40       7.8  
Granted     4,300     $ 0.76          
Exercised     -       -          
Forfeited     (1,262 )   $ 2.08          
Cancelled     -       -          
Expired     (977     $ 1.32          
Outstanding at December 31, 2018     13,457     $ 1.13       6.2  
Granted     4,539     $ 1.05          
Exercised     (73 )   $ 0.42          
Forfeited     (334 )   $ 1.00          
Cancelled     -       -          
Expired     (60 )   $ 2.19          
Outstanding at December 31, 2019     17,529     $ 1.11       6.2  

Schedule of Outstanding Options Exercise Price

The following table summarizes outstanding options at December 31, 2019, by their exercise price (options in thousands):

 

Range of Exercise Prices   Number Outstanding     Weighted Average Exercise Price Per Share  
$0.41 - $0.63     2,920     $ 0.45  
$0.68 - $1.12     10,279     $ 0.94  
$1.24 - $1.95     2,863     $ 1.33  
$2.74 - $3.32     1,467     $ 3.25  
      17,529     $ 1.11  

Schedule of Share Based Payment Assumptions

The following weighted-average assumptions were used to calculate share-based compensation for the comparative periods presented:

 

    For the Year Ended December 31,  
    2019       2018  
Volatility   106.1% - 111.3 %     105.85% - 111.31 %
Risk-free interest rate     1.59% - 2.65 %       2.29% - 3.08 %
Dividend yield     0.0 %       0.0 %
Expected life     6.0 years         6.0 years