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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2022
Summary of Share-based Compensation Expense

Stock-based compensation expense included in the Company’s condensed consolidated statements of operations and comprehensive loss is as follows (in thousands):

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Research and development

 

$

157

 

 

$

13

 

 

$

334

 

 

$

118

 

General and administrative

 

 

110

 

 

 

14

 

 

 

206

 

 

 

75

 

Total stock-based compensation expense

 

$

267

 

 

$

27

 

 

$

540

 

 

$

193

 

2019 Stock Incentive Plan  
Summary of Stock Option Activity

The following table summarizes the Company’s stock option activity under the 2019 Plan:

 

 

 

Number of
Shares

 

 

Weighted-Average
Exercise Price

 

 

Weighted-Average
Remaining
Contractual Term
(in years)

 

 

Aggregate
Intrinsic Value
(in thousands)

 

Outstanding as of December 31, 2021

 

 

881,611

 

 

$

1.60

 

 

 

9.18

 

 

$

2,008

 

Granted

 

 

1,363,581

 

 

 

3.81

 

 

 

 

 

 

 

Exercised

 

 

(25,039

)

 

 

0.94

 

 

 

 

 

 

 

Forfeited or canceled

 

 

(71,474

)

 

 

2.55

 

 

 

 

 

 

 

Outstanding as of September 30, 2022

 

 

2,148,679

 

 

$

2.98

 

 

 

9.18

 

 

$

2,351

 

Vested and expected to vest as of September 30, 2022

 

 

2,148,679

 

 

$

2.98

 

 

 

9.18

 

 

$

2,351

 

Vested and exercisable as of September 30, 2022

 

 

651,643

 

 

$

2.01

 

 

 

8.60

 

 

$

1,344