Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation

v3.21.1
Stock-Based Compensation
3 Months Ended
Mar. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock-Based Compensation

Note 12—Stock-Based Compensation      

A summary of the activity and related information of the stock options issued under the 2018 Equity Incentive Plan and the 2018 Stock 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, 2020

 

 

124,171

 

 

$

363.31

 

 

 

 

 

 

$

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(6,138

)

 

 

53.87

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2021

 

 

118,033

 

 

$

379.41

 

 

 

6.43

 

 

$

 

Exercisable at March 31, 2021

 

 

93,085

 

 

$

455.45

 

 

 

5.88

 

 

$

 

Vested and expected to vest at March 31, 2021

 

 

118,033

 

 

$

379.41

 

 

 

6.43

 

 

$

 

 

A summary of the activity and related information of the restricted stock units issued under the 2018 Plan is presented below:

 

 

 

Restricted

Stock Units

 

 

Weighted

Average

Grant Date

Fair Value

 

Outstanding at December 31, 2020

 

 

33,548

 

 

$

21.93

 

Granted

 

 

5,447

 

 

 

7.18

 

Vested and released

 

 

 

 

 

 

Forfeited

 

 

(73

)

 

 

144.14

 

Outstanding at March 31, 2021

 

 

38,922

 

 

$

19.64

 

 

A summary of the activity and related information of the restricted stock awards issued under the 2018 Plan is presented below:

 

 

 

Restricted Stock

Awards

(in shares)

 

 

Weighted

Average

Grant Date

Fair Value

 

Outstanding at December 31, 2020

 

 

286,161

 

 

$

4.77

 

Granted

 

 

34,893

 

 

 

7.11

 

Forfeited

 

 

 

 

 

 

Vested

 

 

 

 

 

 

Outstanding at March 31, 2021

 

 

321,054

 

 

$

5.03

 

 

    

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

 

 

 

Three Months Ended March 31,

 

 

 

2021

 

 

2020

 

Selling, general and administrative

 

$

962

 

 

$

862

 

Research and development

 

 

129

 

 

 

99

 

Stock-based compensation in operating expenses

 

$

1,091

 

 

$

961

 

 

Stock-based compensation amounts of $0.1 million were capitalized to inventory and property and equipment during each of the three months ended March 31, 2021 and 2020, respectively.   

Unrecognized compensation expense for stock options issued as of March 31, 2021 was $0.9 million and is expected to be recognized over a weighted-average period of 1.5 years. Unrecognized compensation expense for the restricted stock units as of March 31, 2021 was $0.5 million and is expected to be recognized over a weighted-average period of 1.9 years. Unrecognized compensation expense for the restricted stock awards as of March 31, 2021 was $1.3 million and is expected to be recognized over a weighted-average period of 2.3 years.