STOCK CAPITAL (Tables)

6 Months Ended

Jun. 30, 2020

STOCK CAPITAL

Schedule of fair value assumptions used for the stock options granted

Stock options fair value assumptions for the stock options granted during the six months ended June 30, 2020 are as follows:

	For the six
	months ended
	June 30,
	2020
Option life (years)	10
Risk free interest rate	0.36%-1.73%
Dividend yield	0
Expected volatility	58%-63%
Expected life (years)	5.04-5.50	years

Summary of the Company's option activity

A summary of the Company's option activity related to options to employees and directors, and related information as of June 30, 2020 is as follows:

	For the Six months ended
	June 30, 2020
		Weighted
		average	Aggregate
	Amount of	exercise	intrinsic
	options *	price	value
		$	$
Outstanding at December 31, 2019	1,293,007	3.0142
Granted	618,666	6.4419
Exercised	(13,333)	3.0000
Cancelled	(4,000)	3.7500
Outstanding at June 30, 2020	1,894,340	4.1322	13,407,710
Exercisable at June 30, 2020	833,340	1.7276	7,902,051

*    Represents Employee Stock Options only (not including RSUs).

Schedule of compensation expense for restricted stock is based on fair market value at the grant date

			Weighted Average
			Remaining
	Number of Shares	Weighted Average	Contractual
	of Restricted	Grant Date Fair	Term
	Stock	Value	(Years)
Nonvested as of December 31, 2019	201,385	4.00	1.95
Granted	134,613	6.24
Vested	37,297	3.81
Forfeitures	—	—
Nonvested as of June 30, 2020	298,701	5.03	1.45

Schedule of total stock-based compensation expense

The total stock-based compensation expense, related to shares, options and warrants granted to employees, directors and service providers was comprised, at each period, as follows:

	Six months ended
	June 30,
	2020	2019
Research and development	491	60
General and administrative	690	330
Total stock-based compensation expense	1,181	390