XML 30 R20.htm IDEA: XBRL DOCUMENT v3.23.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity

A summary of stock option activity during the three months ended March 31, 2023 is as follows:

 

 

 

Number of
Units
Outstanding

 

 

Weighted
Average
Strike Price
per Unit

 

 

Weighted
Average
Remaining
Contractual
Term
(in years)

 

 

Aggregate
Intrinsic
Value
(in thousands)

 

Outstanding at December 31, 2022

 

 

8,402,626

 

 

$

3.52

 

 

 

8.6

 

 

$

 

Granted

 

 

3,550,000

 

 

$

0.57

 

 

 

 

 

 

 

Exercised

 

 

 

 

$

 

 

 

 

 

 

 

Forfeited

 

 

(363,272

)

 

$

1.69

 

 

 

 

 

 

 

Expired

 

 

(14,351

)

 

$

7.27

 

 

 

 

 

 

 

Outstanding at March 31, 2023

 

 

11,575,003

 

 

$

2.65

 

 

 

8.9

 

 

$

 

Options vested and expected to vest at March 31, 2023

 

 

11,575,003

 

 

$

2.65

 

 

 

8.9

 

 

$

 

Options vested and exercisable at March 31, 2023

 

 

3,373,505

 

 

$

4.69

 

 

 

7.8

 

 

$

 

Summary of Restricted Stock Unit Activity

A summary of RSU activity during the three months ended March 31, 2023 is as follows:

 

 

Number of Units
Outstanding

 

 

Weighted Average Grant Date
Fair Value (per RSU)

 

Outstanding at December 31, 2022

 

 

326,364

 

 

$

2.75

 

Granted

 

 

12,100

 

 

$

0.56

 

Vested

 

 

(9,750

)

 

$

1.61

 

Forfeited

 

 

(27,500

)

 

$

2.01

 

Outstanding at March 31, 2023

 

 

301,214

 

 

$

2.76

 

 

Components of Stock-based Compensation Expense

The following table summarizes the components of stock-based compensation expense recorded in the Company’s statement of operations and comprehensive loss (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Research and development

 

$

231

 

 

$

575

 

Selling, general and administrative

 

 

952

 

 

 

970

 

Total stock-based compensation

 

$

1,183

 

 

$

1,545