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Stock-based compensation (Tables)
9 Months Ended
Sep. 30, 2020
Summary of Stock Options
Stock option activity during the nine months ended September 30, 2020 is as follows:
 
   
Time-Vesting Options
   
Performance-Vesting Options
         
   
Shares subject
to options
  
Weighted-
average exercise
price
   
Shares subject
to options
  
Weighted-
average exercise
price
   
Weighted-
average
remaining
contractual term

(years)
   
Aggregate
Intrinsic
Value
 
Outstanding as of January 1, 2020
   346,872  $ 1.30    —    $—      9.01   $744 
Granted
   1,552,942   3.45    454,994   3.45     
Exercised
   (156,783  2.25    (20,017  3.45      1,786 
Forfeited
   (31,966  1.30    —        
  
 
 
    
 
 
      
Outstanding as of September 30, 2020
   1,711,065  $3.16    434,977  $ 3.45    9.30   $ 19,888 
  
 
 
    
 
 
      
 
 
 
Options vested and expected to vest as of September 30, 2020
   2,137,351  $2.84    434,977  $3.45    9.15   $24,554 
  
 
 
    
 
 
      
 
 
 
Options vested and exercisable as of September 30, 2020
   1,337,277  $3.36    71,670  $3.45    9.38   $12,859 
  
 
 
    
 
 
      
 
 
 
Summary of Stock Based Compensation Expense Was Allocated
Stock-based compensation expense was allocated as follows for the three and nine months ended September 30, 2020 and 2019:
 
   
Three months ended

September 30,
   
Nine months ended

September 30,
 
   
2020
   
2019
   
2020
   
2019
 
Research and development
  $331   $97   $652   $ 368 
General and administrative
   685    54    1,022    236 
  
 
 
   
 
 
   
 
 
   
 
 
 
  $ 1,016   $ 151   $ 1,674   $604 
  
 
 
   
 
 
   
 
 
   
 
 
 
Restricted Stock [Member]  
Summary of Stock Options
The following table summarizes the Company’s restricted common stock activity for the nine months ended September 30, 2020:
 
   
Number
of Awards
   
Weighted-
Average Grant
Date Fair Value
   
Aggregate Fair

Value
 
Issued and unvested as of January 1, 2020
   827,192   $ 1.01   $ 834 
Restricted stock awards vested
   (314,093   0.86    271 
  
 
 
   
 
 
   
 
 
 
Issued and unvested as of September 30, 2020
   513,099   $1.10   $563