Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.20.4
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Restricted Stock Units Activity

A summary of the activity and related information of the restricted stock units is presented below:

 

 

 

Restricted

Stock Units

 

 

Weighted

Average

Grant Date

Fair Value

 

Outstanding at December 31, 2018

 

 

59,767

 

 

$

672.75

 

Granted

 

 

12,010

 

 

 

98.75

 

Vested and released

 

 

(48,269

)

 

 

698.25

 

Forfeited

 

 

(12,644

)

 

 

497.75

 

Outstanding at December 31, 2019

 

 

10,864

 

 

$

128.82

 

Granted

 

 

32,019

 

 

 

10.82

 

Vested and released

 

 

(7,906

)

 

 

114.55

 

Forfeited

 

 

(1,429

)

 

 

101.79

 

Outstanding at December 31, 2020

 

 

33,548

 

 

$

21.93

 

Schedule of Restricted Stock Awards Activity

A summary of the activity and related information of the restricted stock awards is presented below:

 

 

 

Restricted Stock

Awards

(in shares)

 

 

Weighted

Average

Grant Date

Fair Value

 

Outstanding at December 31, 2019

 

 

 

 

$

 

Granted

 

 

286,161

 

 

 

4.77

 

Forfeited

 

 

 

 

 

 

Vested

 

 

 

 

 

 

Outstanding at December 31, 2020

 

 

286,161

 

 

$

4.77

 

Schedule of Stock-based Compensation Expense Recorded in Operating Expenses

Stock-based compensation expense recorded in operating expenses was as follows (in thousands):

 

 

 

Year Ended

December 31,

 

 

 

2020

 

 

2019

 

Selling, general and administrative

 

$

3,302

 

 

$

20,392

 

Research and development

 

 

447

 

 

 

1,537

 

Stock-based compensation in operating

   expenses

 

$

3,749

 

 

$

21,929

 

Stock Options [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Options Activity

 

A summary of the activity and related information of the stock options issued under the 2018 Equity Incentive Plan and the Compensation Plan is presented below:

 

 

 

Stock

Options

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Life

(in years)

 

 

Aggregate

Intrinsic

Value

(in thousands)

 

Outstanding at December 31, 2018

 

 

76,804

 

 

$

714.75

 

 

 

9.43

 

 

$

 

Granted

 

 

60,854

 

 

 

30.50

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(12,079

)

 

 

670.25

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2019

 

 

125,579

 

 

$

387.50

 

 

 

9.43

 

 

$

 

Granted

 

 

11,729

 

 

 

30.69

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(13,137

)

 

 

297.57

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2020

 

 

124,171

 

 

$

363.31

 

 

 

6.42

 

 

$

 

Exercisable at December 31, 2020

 

 

84,376

 

 

$

466.78

 

 

 

5.89

 

 

$

 

Vested and expected to vest at December 31,

   2020

 

 

124,171

 

 

$

363.31

 

 

 

6.42

 

 

$

 

Stock Options [Member] | 2018 Plan [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Fair Value of Options Using the Black Scholes Option Pricing Model and Assumptions Used

The fair value of the stock options issued under the 2018 Plan was estimated using the Black Scholes option pricing model and the weighted-average assumptions used in the model are noted in the following table:

 

 

 

Year Ended

December 31,

 

 

 

2020

 

 

2019

 

Risk-free interest rate

 

 

1.3

%

 

 

1.6

%

Volatility

 

 

58.96

%

 

 

59.26

%

Expected dividend yield

 

 

0.00

%

 

 

0.00

%

Expected life (in years)

 

 

5.8

 

 

 

5.9

 

Stock Options [Member] | 2020 Plan [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Fair Value of Options Using the Black Scholes Option Pricing Model and Assumptions Used

The fair value of the stock options issued under the 2020 Plan was estimated using the Black Scholes option pricing model and the weighted-average assumptions used in the model are noted in the following table:

 

 

Year Ended

December 31,

 

 

 

2020

 

Risk-free interest rate

 

 

0.5

%

Volatility

 

 

58.33

%

Expected dividend yield

 

 

0.00

%

Expected life (in years)

 

 

6.3