SHARE CAPITAL (Tables)

3 Months Ended

Mar. 31, 2020

SHARE CAPITAL

Schedule of share-based compensation awards granted for options and RSUs during the period

	Three months ended March 31, 2020
	Award amount*	Exercise price range*		Vesting period	Expiration
Employees and Directors:
Options	1,465,190		$2.67-$6.80	1 year - 4 years	10 years
RSUs	435,559		—	1 year - 4 years	—

	Three month ended March 31, 2019
	Award amount*	Exercise price range*		Vesting period	Expiration
Employees:
Options	531,818		$6.01-$6.43	4 years	10 years
RSUs	162,689		—	4 years	—

* All amounts and exercise prices for pre-Merge grants are presented following the exchange to Menlo options and RSUs at the Exchange Ratio described in Note 3-Business Combination.

Summary of underlying data used for computing the fair value of the options

	Three months ended March 31
	2020	2019
Dividend yield	0%	0%
Expected volatility	60.44%-69.83%	61.2%-61.4%
Risk-free interest rate	1.17%-1.26%	2.55%-2.62%
Expected term	6 years	6 years

Summary of effect of share-based compensation on the statements of operations

	Three months ended
	March 31
	2020		2019
Research and development expenses	$	516	$	354
Selling, general and administrative		1,243		596
Total	$	1,759	$	950