Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation

v3.22.1
Stock-Based Compensation
3 Months Ended
Mar. 31, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock-Based Compensation

Note 11. Stock-Based Compensation

 

A summary of the activity under the 2018 Equity Inventive Plan and the 2020 Inducement Equity Incentive Plan (collectively, the “Plans”) for the three months ended March 31, 2022 is set forth below:

 

Stock Options

 

 

 

Stock

Options

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Life

(in years)

 

 

Aggregate

Intrinsic

Value

(in thousands)

 

Outstanding at December 31, 2021

 

 

108,448

 

 

$

345.54

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(2,068

)

 

$

231.56

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2022

 

 

106,380

 

 

$

347.75

 

 

 

5.31

 

 

$

 

Exercisable at March 31, 2022

 

 

89,209

 

 

$

409.27

 

 

 

4.83

 

 

$

 

Vested and expected to vest at March 31, 2022

 

 

106,380

 

 

$

347.75

 

 

 

5.31

 

 

$

 

 

Restricted Stock Units

 

 

 

Restricted

Stock Units

 

 

Weighted

Average

Grant Date

Fair Value

 

Outstanding at December 31, 2021

 

 

70,025

 

 

$

4.37

 

Vested

 

 

(1,334

)

 

$

6.66

 

Forfeited

 

 

(19,055

)

 

$

3.24

 

Outstanding at March 31, 2022

 

 

49,636

 

 

$

4.75

 

 

Restricted Stock Awards

 

 

 

Restricted Stock

Awards

 

 

Weighted

Average

Grant Date

Fair Value

 

Outstanding at December 31, 2021

 

 

179,334

 

 

$

4.71

 

Vested

 

 

(6,667

)

 

$

7.11

 

Forfeited

 

 

(7,788

)

 

$

4.75

 

Outstanding at March 31, 2022

 

 

164,879

 

 

$

4.61

 

The following table summarizes stock-based compensation expense for the Plans included in operating expenses (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

Selling, general and administrative

 

$

113

 

 

$

943

 

Research and development

 

 

49

 

 

 

129

 

Stock-based compensation in operating expenses

 

$

162

 

 

$

1,072

 

 

 

Stock-based compensation expense of approximately $3,000 and $40,000 was capitalized to inventory and property and equipment during the three months ended March 31, 2022 and 2021, respectively.

Unrecognized stock-based compensation expense by award type and the remaining weighted average recognition period over which such expense is expected to be recognized as of March 31, 2022 was as follows:

 

 

Unrecognized Expense (in thousands)

 

 

Remaining Weighted Average Recognition Period (in years)

 

Stock options

 

$

251

 

 

 

1.6

 

Restricted stock awards

 

$

503

 

 

 

1.9

 

Restricted stock units

 

$

172

 

 

 

1.8