Annual report pursuant to Section 13 and 15(d)

STOCKBASED COMPENSATION (Tables)

v3.21.1
STOCKBASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2020
STOCKBASED COMPENSATION  
Schedule of Equity incentive plan

 

 

Awards

Reserved

for Issuance

 

 

Awards

Outstanding

 

 

Awards

Available

for Grant

 

 

 

 

 

 

 

 

 

 

 

2016 Equity Incentive Plan

 

 

2,000,000

 

 

 

544,937

 

 

 

1,455,063

 

2018 Equity Incentive Plan

 

 

43,976,425

 

 

 

16,600,535

 

 

 

27,375,890

 

 

Schedule of Stock option activity

 

 

Number

of Shares

 

 

Weighted-

Average

Exercise

Price

Per Share

 

 

Weighted-

Average

Remaining Contractual

Life

 

Aggregate

Intrinsic

Value of In-

the-Money

Options

 

 

 

 

 

 

 

 

 

 

Options Outstanding as of December 31, 2018

 

 

8,400,629

 

 

$

1.61

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Granted

 

 

4,174,428

 

 

$

0.62

 

 

 

 

 

 

Options Exercised

 

 

-

 

 

$

-

 

 

 

 

 

 

Options Forfeited

 

 

(209,762

)

 

$

1.39

 

 

 

 

 

 

Options Expired

 

 

-

 

 

$

-

 

 

 

 

 

 

Options Outstanding as of December 31, 2019

 

 

12,365,295

 

 

$

1.61

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Granted

 

 

12,803,918

 

 

$

0.08

 

 

 

 

 

 

Options Exercised

 

 

-

 

 

$

-

 

 

 

 

 

 

Options Forfeited

 

 

(7,203,334

)

 

$

1.19

 

 

 

 

 

 

Options Expired

 

 

(473,049

)

 

$

1.51

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Outstanding as of December 31, 2020

 

 

17,492,830

 

 

$

0.41

 

 

 8.6 years

 

$

830,942

 

Options Exercisable as of December 31, 2020

 

 

6,593,146

 

 

$

0.77

 

 

 8.3 years

 

$

229,434

 

Schedule of Weighted-average assumptions stock-based compensation

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

Expected term

 

6 Years

 

 

6 Years

 

Volatility

 

 

104.6

%

 

 

115.6

%

Risk-Free Interest Rate

 

 

0.4

%

 

 

1.9

%

Dividend Yield

 

 

0

%

 

 

0

%

Schedule of Stock-based compensation expense

 

 

(in thousands, except for number of shares or options)

 

 

 

For the Year Ended

 

 

 

December 31, 2020

 

 

December 31, 2019

 

Type of Award

 

Number of

Shares or

Options

Granted

 

 

Stock-Based Compensation

 Expense

 

 

Number of

Shares or

Options

Granted

 

 

Stock-

Based

Compensation

Expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock Options

 

 

12,803,918

 

 

$

1,868

 

 

 

4,174,428

 

 

$

4,343

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock Grants:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employees (Common Stock)

 

 

 

 

 

 

142

 

 

 

740,580

 

 

 

473

 

Directors (Common Stock)

 

 

 

 

 

 

105

 

 

 

173,610

 

 

 

102

 

Non–Employee Consultants (Common Stock)

 

 

 

 

 

 

60

 

 

 

715,065

 

 

 

369

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Stock–Based Compensation Expense

 

 

 

 

 

$

2,175

 

 

 

 

 

 

$

5,287