Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation

v3.21.2
Stock-Based Compensation
6 Months Ended
Jun. 30, 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 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, 2020

 

 

124,171

 

 

$

363.31

 

 

 

6.42

 

 

$

 

Forfeited

 

 

(9,694

)

 

 

82.61

 

 

 

 

 

 

 

 

 

Outstanding at June 30, 2021

 

 

114,477

 

 

$

387.08

 

 

 

5.85

 

 

$

 

Exercisable at June 30, 2021

 

 

95,116

 

 

$

459.60

 

 

 

5.50

 

 

$

 

Vested and expected to vest at June 30, 2021

 

 

114,477

 

 

$

387.08

 

 

 

5.85

 

 

$

 

 

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

 

 

29,614

 

 

 

3.99

 

Vested and released

 

 

(1,845

)

 

 

64.80

 

Forfeited

 

 

(6,393

)

 

 

15.40

 

Outstanding at June 30, 2021

 

 

54,924

 

 

$

11.58

 

 

 

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

 

 

103,939

 

 

 

4.82

 

Forfeited

 

 

(13,531

)

 

 

6.40

 

Vested

 

 

(24,721

)

 

 

6.92

 

Outstanding at June 30, 2021

 

 

351,848

 

 

$

4.57

 

 

Stock options issued and outstanding under the 2020 Plan is 18,000 with a weighted average grant date fair value of $25.50 as of December 31, 2020 and June 30, 2021. Stock options aggregating 5,625 were exercisable as of June 30, 2021, under the 2020 Plan.

 

A summary of the activity and related information of the restricted stock awards issued under the 2020 Plan is presented below:

 

 

 

Restricted Stock

Awards

(in shares)

 

 

Weighted

Average

Grant Date

Fair Value

 

Outstanding at December 31, 2020

 

 

4,375

 

 

$

25.50

 

Vested

 

 

(625

)

 

 

25.50

 

Outstanding at June 30, 2021

 

 

3,750

 

 

$

25.50

 

 

 

 

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

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Selling, general and administrative

 

$

541

 

 

$

843

 

 

$

1,503

 

 

$

1,705

 

Research and development

 

 

95

 

 

 

103

 

 

 

224

 

 

 

202

 

Stock-based compensation in operating expenses

 

$

636

 

 

$

946

 

 

$

1,727

 

 

$

1,907

 

 

Stock-based compensation amounts of $0.1 million were capitalized to inventory and property and equipment during the three months ended June 30, 2021 and 2020. Stock-based compensation of $0.1 million and $0.2 million were capitalized to inventory and property and equipment during the six months ended June 30, 2021 and 2020, respectively.   

Unrecognized compensation expense for stock options issued as of June 30, 2021 was $0.5 million and is expected to be recognized over a weighted-average period of 2.0 years. Unrecognized compensation expense for the restricted stock units as of June 30, 2021 was $0.4 million and is expected to be recognized over a weighted-average period of 2.0 years. Unrecognized compensation expense for the restricted stock awards as of June 30, 2021 was $1.3 million and is expected to be recognized over a weighted-average period of 2.2 years.