0001564590-21-043164 | 10-Q | XBRL Viewer

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2021	Aug. 05, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Trading Symbol	WATT
Entity Registrant Name	Energous Corp
Entity Central Index Key	0001575793
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		62,874,625
Title of 12(b) Security	Common Stock, $0.00001 par value
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity File Number	001-36379
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-1318953
Entity Address, Address Line One	3590 North First Street
Entity Address, Address Line Two	Suite 210
Entity Address, City or Town	San Jose
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95134
City Area Code	408
Local Phone Number	963-0200
Document Quarterly Report	true
Document Transition Report	false

Balance Sheets - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 38,226,214	$ 50,729,661
Accounts receivable	121,970	75,850
Prepaid expenses and other current assets	647,471	636,702
Total current assets	38,995,655	51,442,213
Property and equipment, net	479,330	402,711
Operating lease right-of-use assets	899,355	1,293,291
Other assets	1,610	1,610
Total assets	40,375,950	53,139,825
Current liabilities:
Accounts payable	1,652,541	1,096,839
Accrued expenses	1,607,538	1,576,287
Operating lease liabilities, current portion	785,484	825,431
Deferred revenue	13,500	12,000
Total current liabilities	4,059,063	3,510,557
Operating lease liabilities, long-term portion	194,176	576,762
Total liabilities	4,253,239	4,087,319
Commitments and contingencies
Stockholders’ equity:
Preferred Stock, $0.00001 par value, 10,000,000 shares authorized at June 30, 2021 and December 31, 2020; no shares issued or outstanding
Common Stock, $0.00001 par value, 200,000,000 shares authorized at June 30, 2021 and December 31, 2020, respectively; 62,868,137 and 61,292,412 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively.	630	614
Additional paid-in capital	350,636,419	344,024,638
Accumulated deficit	(314,514,338)	(294,972,746)
Total stockholders’ equity	36,122,711	49,052,506
Total liabilities and stockholders’ equity	$ 40,375,950	$ 53,139,825

Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Statement Of Financial Position [Abstract]
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	62,868,137	61,292,412
Common stock, shares outstanding	62,868,137	61,292,412

Condensed Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
Condensed Statements of Operations - USD ($)	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Revenue	$ 184,960	$ 114,375	$ 330,025	$ 175,850
Operating expenses:
Research and development	6,103,694	4,330,433	10,694,938	8,905,736
Sales and marketing	2,441,357	1,438,904	4,235,569	2,886,813
General and administrative	2,656,748	2,470,683	4,944,144	5,123,077
Cost of services revenue		86,995		126,539
Total operating expenses	11,201,799	8,327,015	19,874,651	17,042,165
Loss from operations	(11,016,839)	(8,212,640)	(19,544,626)	(16,866,315)
Other income:
Interest income	1,010	7,974	3,034	63,913
Total other income	1,010	7,974	3,034	63,913
Net loss	$ (11,015,829)	$ (8,204,666)	$ (19,541,592)	$ (16,802,402)
Basic and diluted loss per common share	$ (0.18)	$ (0.20)	$ (0.32)	$ (0.45)
Weighted average shares outstanding, basic and diluted	62,080,250	40,641,264	61,825,044	37,728,909

Condensed Statement of Changes in Stockholders' Equity - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]
Beginning balance at Dec. 31, 2019	$ 19,012,874	$ 333	$ 282,153,201	$ (263,140,660)
Beginning balance (in shares) at Dec. 31, 2019		33,203,806
Stock-based compensation - restricted stock units ("RSUs")	2,321,820		2,321,820
Stock-based compensation - performance share units ("PSUs")	(88,348)		(88,348)
Stock-based compensation - employee stock purchase plan ("ESPP")	42,827		42,827
Issuance of shares for RSUs		$ 4	(4)
Issuance of shares for RSUs (in shares)		396,559
Proceeds from contributions to the ESPP	113,059		113,059
Issuance of shares in an at-the-market ("ATM")offering, net of $141,322 in issuance costs	5,506,880	$ 44	5,506,836
Issuance of shares in an at-the-market ("ATM") offering, net of issuance costs (in shares)		4,351,652
Net loss	(8,597,736)			(8,597,736)
Ending balance at Mar. 31, 2020	18,311,376	$ 381	290,049,391	(271,738,396)
Ending balance (in shares) at Mar. 31, 2020		37,952,017
Beginning balance at Dec. 31, 2019	19,012,874	$ 333	282,153,201	(263,140,660)
Beginning balance (in shares) at Dec. 31, 2019		33,203,806
Net loss	(16,802,402)
Ending balance at Jun. 30, 2020	21,497,373	$ 417	301,440,018	(279,943,062)
Ending balance (in shares) at Jun. 30, 2020		41,685,310
Beginning balance at Mar. 31, 2020	18,311,376	$ 381	290,049,391	(271,738,396)
Beginning balance (in shares) at Mar. 31, 2020		37,952,017
Stock-based compensation - restricted stock units ("RSUs")	2,028,599		2,028,599
Stock-based compensation - employee stock purchase plan ("ESPP")	41,308		41,308
Issuance of shares for RSUs		$ 2	(2)
Issuance of shares for RSUs (in shares)		232,995
Proceeds from contributions to the ESPP	104,145	$ 1	104,144
Proceeds from contributions to the ESPP (in shares)		144,370
Issuance of shares in an at-the-market ("ATM")offering, net of $141,322 in issuance costs	9,216,611	$ 33	9,216,578
Issuance of shares in an at-the-market ("ATM") offering, net of issuance costs (in shares)		3,355,928
Net loss	(8,204,666)			(8,204,666)
Ending balance at Jun. 30, 2020	21,497,373	$ 417	301,440,018	(279,943,062)
Ending balance (in shares) at Jun. 30, 2020		41,685,310
Beginning balance at Dec. 31, 2020	49,052,506	$ 614	344,024,638	(294,972,746)
Beginning balance (in shares) at Dec. 31, 2020		61,292,412
Stock-based compensation - restricted stock units ("RSUs")	2,088,910		2,088,910
Stock-based compensation - employee stock purchase plan ("ESPP")	57,316		57,316
Issuance of shares for RSUs		$ 6	(6)
Issuance of shares for RSUs (in shares)		627,412
Proceeds from contributions to the ESPP	117,013		117,013
Net loss	(8,525,763)			(8,525,763)
Ending balance at Mar. 31, 2021	42,789,982	$ 620	346,287,871	(303,498,509)
Ending balance (in shares) at Mar. 31, 2021		61,919,824
Beginning balance at Dec. 31, 2020	49,052,506	$ 614	344,024,638	(294,972,746)
Beginning balance (in shares) at Dec. 31, 2020		61,292,412
Net loss	(19,541,592)
Ending balance at Jun. 30, 2021	36,122,711	$ 630	350,636,419	(314,514,338)
Ending balance (in shares) at Jun. 30, 2021		62,868,137
Beginning balance at Mar. 31, 2021	42,789,982	$ 620	346,287,871	(303,498,509)
Beginning balance (in shares) at Mar. 31, 2021		61,919,824
Stock-based compensation - restricted stock units ("RSUs")	1,471,826		1,471,826
Stock-based compensation - performance share units ("PSUs")	2,695,847		2,695,847
Stock-based compensation - employee stock purchase plan ("ESPP")	60,651		60,651
Issuance of shares for RSUs		$ 3	(3)
Issuance of shares for RSUs (in shares)		298,641
Issuance of shares for PSUs		$ 5	(5)
Issuance of shares for PSUs (in shares)		494,608
Proceeds from contributions to the ESPP	120,234	$ 2	120,232
Proceeds from contributions to the ESPP (in shares)		155,064
Net loss	(11,015,829)			(11,015,829)
Ending balance at Jun. 30, 2021	$ 36,122,711	$ 630	$ 350,636,419	$ (314,514,338)
Ending balance (in shares) at Jun. 30, 2021		62,868,137

Condensed Statement of Changes in Stockholders' Equity (Parenthetical) - USD ($)	3 Months Ended
	Jun. 30, 2021	Mar. 31, 2020
ATM [Member]
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs	$ 236,528	$ 141,322

Condensed Statements of Cash Flows - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
Condensed Statements of Cash Flows - USD ($)	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Cash flows from operating activities:
Net loss			$ (19,541,592)	$ (16,802,402)
Adjustments to reconcile net loss to Net cash used in operating activities:
Depreciation and amortization			126,385	217,629
Stock based compensation	$ 4,228,324	$ 2,069,907	6,374,550	4,346,206
Changes in operating lease right-of-use assets			393,936	378,593
Bad debt expense				33,000
Changes in operating assets and liabilities:
Accounts receivable			(46,120)	(75,082)
Prepaid expenses and other current assets			(10,769)	(212,727)
Accounts payable			555,702	(330,537)
Accrued expenses			31,251	(429,460)
Operating lease liabilities			(422,533)	(341,064)
Deferred revenue			1,500
Net cash used in operating activities			(12,537,690)	(13,215,844)
Cash flows from investing activities:
Purchases of property and equipment			(203,004)
Net cash used in investing activities			(203,004)
Cash flows from financing activities:
Net proceeds from the sales of common stock				14,723,491	$ 53,556,202
Proceeds from contributions to employee stock purchase plan			237,247	217,204
Net cash provided by financing activities			237,247	14,940,695
Net (decrease) increase in cash and cash equivalents			(12,503,447)	1,724,851
Cash and cash equivalents - beginning			50,729,661	21,684,089	21,684,089
Cash and cash equivalents - ending	$ 38,226,214	$ 23,408,940	38,226,214	23,408,940	$ 50,729,661
Restricted Stock Units (RSUs) [Member]
Supplemental disclosure of non-cash financing activities:
Common stock issued			9	$ 6
Performance Shares [Member]
Supplemental disclosure of non-cash financing activities:
Common stock issued			$ 5

Business Organization, Nature of Operations

6 Months Ended

Jun. 30, 2021

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Business Organization, Nature of Operations

Note 1 - Business Organization, Nature of Operations

Energous Corporation (the “Company”) was incorporated in Delaware on October 30, 2012. The Company has developed its WattUp® wireless power technology, consisting of proprietary semiconductor chipsets, software controls, hardware designs and antennas, that enables radio frequency (“RF”) based charging for electronic devices. The WattUp technology has a broad spectrum of capabilities, including near field wireless charging and at-a-distance wireless charging at various distances. The Company believes its proprietary WattUp technologies are well suited for many applications, including building and home automation, electronic shelf labels, industrial IoT sensors, surface and implanted medical devices, tracking devices, hearables, wearables, consumer electronics, public safety and military applications. Potential future applications include smartphones, commercial and industrial robotics, as well as automotive solutions and other devices with charging requirements that would otherwise require battery replacement or a wired power connection.

Liquidity and Management Plans

6 Months Ended

Jun. 30, 2021

Liquidity And Management Plan Disclosure [Abstract]

Liquidity and Management Plans

Note 2 – Liquidity and Management Plans

During the three and six months ended June 30, 2021, the Company recorded revenue of $184,960 and $330,025, respectively, and during the three and six months ended June 30, 2020, the Company recorded $114,375 and $175,850, respectively. During the three and six months ended June 30, 2021, the Company recorded net losses of $11,015,829 and $19,541,592, respectively, and during the three and six months ended June 30, 2020, the Company recorded net losses of $8,204,666 and $16,802,402, respectively. Net cash used in operating activities was $12,537,690 and $13,215,844 for the six months ended June 30, 2021 and 2020, respectively. The Company is currently meeting its liquidity requirements through the proceeds of securities offerings that raised net proceeds of $53,556,202 during 2020, along with payments received from customers.

As of June 30, 2021, the Company had cash on hand of $38,226,214. The Company expects that cash on hand as of June 30, 2021, together with anticipated revenues, will be sufficient to fund the Company’s operations into August 2022.

Research and development of new technologies is by its nature unpredictable. Although the Company intends to continue its research and development activities, there can be no assurance that its available resources and revenue generated from its business operations will be sufficient to sustain its operations. Accordingly, the Company expects to pursue additional financing, which could include offerings of equity or debt securities, bank financings, commercial agreements with customers or strategic partners, and other alternatives, depending upon market conditions. There is no assurance that such financing would be available on terms that the Company would find acceptable, or at all.

The market for products using the Company’s technology is broad and evolving, but remains nascent and unproven, so the Company’s success is dependent upon many factors, including customer acceptance of its existing products, technical feasibility of future products, regulatory approvals, competition and global market fluctuations.

In March 2020, the World Health Organization declared the outbreak of a novel coronavirus (COVID-19) as a pandemic. The pandemic continues to affect the United States and the world. The Company is monitoring the ongoing effects of COVID-19 (including continued outbreaks) and the related business and travel restrictions and changes to behavior intended to reduce its spread, and COVID-19’s impact on the Company’s operations, financial position, cash flows, inventory, supply chains, global regulatory approvals, purchasing trends, customer payments, and the industry in general, in addition to the impact on its employees. Due to the continuing developments and fluidity of this situation, the magnitude and duration of the pandemic and its impact on the Company's operations and liquidity are still uncertain as of the date of this report.

Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2021

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 3 – Summary of Significant Accounting Policies

Basis of Presentation

The accompanying financial statements are presented in U.S. dollars and have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”), and pursuant to the accounting and disclosure rules and regulations of the U.S. Securities and Exchange Commission (“SEC”).

These unaudited condensed interim financial statements should be read in conjunction with the audited financial statements and notes thereto for the fiscal year ended December 31, 2020 included in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2020, filed with the SEC on March 24, 2021. The accounting policies used in preparing these unaudited condensed interim financial statements are consistent with those described in the Company’s December 31, 2020 audited financial statements.

Note 3 – Summary of Significant Accounting Policies, continued

Use of Estimates

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities at the date of the financial statements as well as the reported expenses during the reporting periods.

The Company’s significant estimates and assumptions include the valuation of stock-based compensation instruments, recognition of revenue, the useful lives of long-lived assets, and income tax expense. Some of these judgments can be subjective and complex, and, consequently, actual results may differ from these estimates. Although the Company believes that its estimates and assumptions are reasonable, they are based upon information available at the time the estimates and assumptions were made. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all short-term, highly liquid investments with an original maturity at the date of purchase of three months or less to be cash equivalents. The Company maintains cash balances that may be uninsured or in deposit accounts that exceed Federal Deposit Insurance Corporation limits. The Company maintains its cash deposits with major financial institutions.

Revenue Recognition

On January 1, 2018, the Company adopted Accounting Standards Update No. 2014-09, "Revenue from Contracts with Customers" (Topic 606).

In accordance with Topic 606, the Company recognizes revenue using the following five-step approach:

Identify the contract with a customer.

Identify the performance obligations in the contract.

Determine the transaction price of the contract.

Allocate the transaction price to the performance obligations in the contract.

Recognize revenue when the performance obligations are met or delivered.

The Company’s revenue primarily consists of product development projects revenue and royalty revenue from Dialog. The Company also provides contract services for Dialog. During the three months ended June 30, 2021, the Company recognized $184,960 in product development projects revenue, $0 in royalty revenue and $0 in contract services revenue. During the six months ended June 30, 2021, the Company recognized $330,025 in product development projects revenue, $0 in royalty revenue and $0 in contract services revenue. During the three months ended June 30, 2020, the Company recognized $25,000 in product development projects revenue, $0 in royalty revenue and $89,375 in contract services revenue. During the six months ended June 30, 2020, the Company recognized $45,850 in product development projects revenue, $0 in royalty revenue and $130,000 in contract services revenue.

The Company records revenue associated with product development projects that it enters into with certain customers. In general, these product development projects are complex, and the Company does not have certainty about its ability to achieve the project milestones. The achievement of a milestone is dependent on the Company’s performance obligation and requires acceptance by the customer. The Company recognizes this revenue at a point in time based on when the performance obligation is met. The payment associated with achieving the performance obligation is generally commensurate with the Company’s effort or the value of the deliverable and is nonrefundable. The Company records the expenses related to these product development projects in research and development expense, in the periods such expenses were incurred.

The Company records royalty revenue from its manufacturing partner, Dialog, and such royalty revenue is recognized at a point in time based on shipments from Dialog to its customers.

The Company recognizes contract services revenue from Dialog over the period of time that the services are performed. The costs associated with this revenue are recognized as the services are performed and are included in cost of services revenue.

Note 3 – Summary of Significant Accounting Policies, continued

Research and Development

Research and development expenses are charged to operations as incurred. For internally developed patents, all patent application costs are expensed as incurred as research and development expense. Patent application costs, which are generally legal costs, are expensed as research and development costs until such time as the future economic benefits of such patents become more certain. The Company incurred research and development costs of $6,103,694 and $4,330,433 for the three months ended June 30, 2021 and 2020, respectively, and the Company incurred research and development costs of $10,694,938 and $8,905,736 for the six months ended June 30, 2021 and 2020, respectively.

Stock-Based Compensation

The Company accounts for equity instruments issued to employees, board members and contractors in accordance with accounting guidance that requires awards to be recorded at their fair value on the date of grant and are amortized over the vesting period of the award. The Company recognizes compensation costs on a straight-line basis over the requisite service period of the award, which is typically the vesting term of the equity instrument issued.

Under the Company’s Employee Stock Purchase Plan (“ESPP”), employees may purchase a limited number of shares of the Company’s common stock at a 15% discount from the lower of the closing market prices measured on the first and last days of each half-year period. The Company recognizes stock-based compensation expense for the fair value of the purchase options, as measured on the grant date.

Income Taxes

Tax benefits are recognized only for tax positions that are more likely than not to be sustained upon examination by tax authorities. The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely to be realized upon settlement. A liability for “unrecognized tax benefits” is recorded for any tax benefits claimed in the Company’s tax returns that do not meet these recognition and measurement standards. As of June 30, 2021, no liability for unrecognized tax benefits was required to be reported. The guidance also discusses the classification of related interest and penalties on income taxes. The Company’s policy is to record interest and penalties on uncertain tax positions as a component of income tax expense. No interest or penalties were recorded during the three or six months ended June 30, 2021 or 2020. The Company files income tax returns with the United States and California governments.

Net Loss Per Common Share

Basic net loss per share is computed by dividing net loss available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the exercise of stock options and warrants (using the treasury stock method), the vesting of restricted stock units (“RSUs”) and performance stock units (“PSUs”) and the enrollment of employees in the ESPP. The computation of diluted loss per share excludes potentially dilutive securities of 6,323,445 and 6,945,580 for the three months ended June 30, 2021 and 2020, respectively, and 6,323,445 and 6,945,580 for the six months ended June 30, 2021 and 2020, respectively, because their inclusion would be anti-dilutive.

Potentially dilutive securities outlined in the table below have been excluded from the computation of diluted net loss per share because the effect of their inclusion would have been anti-dilutive.

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2021		2020		2021		2020
Warrants issued to private investors		3,284,789		3,938,802		3,284,789		3,938,802
Options to purchase common stock		550,985		550,985		550,985		550,985
RSUs		1,530,216		1,822,116		1,530,216		1,822,116
PSUs		957,455		633,677		957,455		633,677
Total potentially dilutive securities		6,323,445		6,945,580		6,323,445		6,945,580

Note 3 – Summary of Significant Accounting Policies, continued

Leases

As of January 1, 2019, the Company determines if an arrangement is a lease at the inception of the arrangement. The Company applies the short-term lease recognition exemption and recognizes lease payments in profit or loss at lease commencement for facility or equipment leases that have a lease term of 12 months or less and do not include a purchase option whose exercise is reasonably certain. Operating leases are included in operating lease right-of-use (ROU) assets and operating lease liabilities.

ROU assets represent the right to use an underlying asset for the lease term, and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are measured and recorded at the later of the adoption date, January 1, 2019, or the service commencement date based on the present value of lease payments over the lease term. The Company uses the implicit interest rate when readily determinable; however, most leases do not establish an implicit rate, so the Company uses an estimate of the incremental borrowing rate based on the information available at the time of measurement. Lease expense for lease payments is recognized on a straight-line basis over the lease term. See Note 4 – Commitments and Contingencies, Operating Leases for further discussion of the Company’s operating leases.

Recent Accounting Pronouncements

In December 2019, the FASB issued ASU No. 2019-12, “Income Taxes (Topic 740),” Simplifying the Accounting for Income Taxes. ASU 2019-12 removes certain exceptions under Topic 740 and improves consistent application by clarifying and amending existing guidance. This standard is effective for annual reporting periods beginning after December 15, 2020. The Company adopted this standard, and the adoption did not have a material impact on its financial statements.

In May 2021, the FASB issued ASU No. 2021-04, “Earnings Per Share (Topic 260), Debt—Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options (a consensus of the FASB Emerging Issues Task Force).” ASU 2021-04 clarifies accounting for modifications or exchanges of equity-classified warrants. This standard is effective for annual reporting periods beginning after December 15, 2021. The Company does not believe the adoption of this standard will have a material impact on its financial statements.

Management’s Evaluation of Subsequent Events

The Company evaluates events that have occurred after the balance sheet date of June 30, 2021, through the date which the financial statements are available to be issued.

Commitments and Contingencies

6 Months Ended

Jun. 30, 2021

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

Note 4 – Commitments and Contingencies

Operating Leases

San Jose Lease

On July 1, 2019, the Company signed a new lease agreement for the lease of its office space at its corporate headquarters in San Jose, California for an additional three years. The lease agreement includes space on the first floor of the building that had been previously subleased. Upon expiration of the original lease on September 30, 2019, the new monthly lease payment starting October 1, 2019 was $52,970 and is subject to annual escalations up to a maximum monthly lease payment of $64,941.

Note 4 – Commitments and Contingencies, continued

Operating Leases, continued

Costa Mesa Lease

On July 15, 2019, the Company signed a new lease agreement for the lease of office space in Costa Mesa, California for an additional two years. Upon expiration of the original lease on September 30, 2019, the new monthly lease payment starting October 1, 2019 was $9,773 and is subject to an annual escalation up to a maximum monthly lease payment of $10,200.

Operating Lease Commitments

In February 2016, the FASB issued its final standard on lease accounting, ASU No. 2016-02, “Leases (Topic 842),” which superseded Topic 840, “Leases,” which was further modified in ASU No. 2018-10, “Codification Improvements” to clarify the implementation guidance. The new accounting standard was effective for the Company beginning on January 1, 2019 and required the recognition on the balance sheet of right-of-use assets and lease liabilities. The Company elected the optional transition method and adopted the new guidance on January 1, 2019 on a modified retrospective basis with no restatement of prior period amounts. The Company’s adoption of the new standard resulted in the recognition of right-of-use assets of $414,426 and operating lease liabilities of $485,747, with no material cumulative effect adjustment to equity as of the date of adoption. The Company anticipates having future total lease payments of $1,002,084 during the period from the third quarter of 2021 to the third quarter of 2022. As of June 30, 2021, the company has total operating lease right-of-use assets of $899,355, current portion operating lease liabilities of $785,484 and long-term portion of operating lease liabilities of $194,176. The weighted average remaining lease term is 1.2 years as of June 30, 2021.

A reconciliation of undiscounted cash flows to lease liabilities recognized as of June 30, 2021 is as follows:

	Amount
	(unaudited)
2021		417,615
2022		584,469
Total future lease payments		1,002,084
Present value discount (4% weighted average)		(22,424	)
Total operating lease liabilities		979,660

Hosted Design Software Agreement

On June 25, 2015, the Company entered into a three-year agreement to license electronic design automation software in a hosted environment. Pursuant to the agreement, under which services began July 2015, the Company is required to remit quarterly payments in the amount of approximately $101,000 with the last payment due March 30, 2018. On December 18, 2015, the agreement was amended to redefine the hardware and software configuration and the quarterly payments increased to approximately $198,000. In July 2018, the Company renewed the agreement for an additional three years, and the Company was required to remit quarterly payments of approximately $218,000. In June 2021, the Company renewed the agreement for an additional three years, and the Company is required to remit quarterly payments of approximately $233,000 through the second quarter of 2024.

Litigations, Claims, and Assessments

The Company is from time to time involved in various disputes, claims, liens and litigation matters arising in the normal course of business. While the outcome of these disputes, claims, liens and litigation matters cannot be predicted with certainty, after consulting with legal counsel, management does not believe that the outcome of these matters will have a material adverse effect on the Company's combined financial position, results of operations or cash flows.

Note 4 – Commitments and Contingencies, continued

MBO Bonus Plan

On March 15, 2018, the Company’s Board of Directors (“Board”), on the recommendation of the Board’s Compensation Committee (“Compensation Committee”), approved the Energous Corporation MBO Bonus Plan (“Bonus Plan”) for executive officers of the Company. To be eligible to receive a bonus under the Bonus Plan, an executive officer must be continuously employed throughout the applicable performance period, and in good standing, and achieve the performance objectives selected by the Compensation Committee.

Under the Bonus Plan, the Compensation Committee is responsible for selecting the amounts of potential bonuses for executive officers, the performance metrics used to determine whether any such bonuses will be paid and determining whether those performance metrics have been achieved.

During the three months ended June 30, 2021, the Company accrued $391,578 in expense under the Bonus Plan, which will be paid during the third quarter of 2021. During the three months ended June 30, 2020, the Company accrued $392,929 in expense under the Bonus Plan, which was paid during the third quarter of 2020. During the six months ended June 30, 2021 and 2020, the Company accrued $783,156 and $677,520, respectively, in expense under the Bonus Plan.

Severance and Change in Control Agreement

On March 15, 2018, the Compensation Committee approved a form of Severance and Change in Control Agreement (“Severance Agreement”) that the Company may enter into with executive officers (“Executive”).

Under the Severance Agreement, if an Executive is terminated in a qualifying termination, the Company agrees to pay the Executive six to 12 months of that Executive’s monthly base salary. If Executive elects continued coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) the Company will pay the full amount of Executive’s premiums under the Company’s health, dental and vision plans, including coverage for the Executive’s eligible dependents, for the six to 12 month period following the Executive’s termination.

Executive Transition Agreement – Stephen Rizzone

On April 3, 2015, the Company entered into an Amended and Restated Executive Employment Agreement with Stephen R. Rizzone, the Company’s President and Chief Executive Officer (“Employment Agreement”).

The Employment Agreement effective as of January 1, 2015, has an initial term of four years and automatically renews each year after the initial term. The Employment Agreement provides for an annual base salary of $365,000, and Mr. Rizzone is eligible to receive quarterly cash bonuses from the MBO Bonus Plan with a total target amount equal to 100% of his base salary based upon achievement of performance-based objectives established by the Board.

On July 9, 2021, the Company announced that Stephen R. Rizzone has retired from his position as the Company’s President and Chief Executive Officer and as a member of the Board (see Note 9 – Subsequent Event).

Strategic Alliance Agreement

In November 2016, the Company and Dialog Semiconductor plc (“Dialog”), a related party (see Note 7—Related Party Transactions), entered into a Strategic Alliance Agreement (“Alliance Agreement”) for the manufacture, distribution and commercialization of products incorporating the Company’s wire-free charging technology (“Licensed Products”). Pursuant to the terms of the Alliance Agreement, the Company agreed to engage Dialog as the exclusive supplier of the Licensed Products for specified fields of use, subject to certain exceptions (the “Company Exclusivity Requirement”). Dialog agreed to not distribute, sell or work with any third party to develop any competing products without the Company’s approval (the “Dialog Exclusivity Requirement”). In addition, both parties agreed on a revenue sharing arrangement and will collaborate on the commercialization of Licensed Products based on a mutually-agreed upon plan. Each party will retain all of its intellectual property.

Note 4 – Commitments and Contingencies, continued

Strategic Alliance Agreement continued

The Alliance Agreement has an initial term of seven years and will automatically renew annually thereafter unless terminated by either party upon 180 days’ prior written notice. The Company may terminate the Alliance Agreement at any time after the third anniversary of the Agreement upon 180 days’ prior written notice to Dialog, or if Dialog breaches certain exclusivity obligations. Dialog may terminate the Alliance Agreement if sales of Licensed Products do not meet specified targets. The Company Exclusivity Requirement will terminate upon the earlier of January 1, 2021 or the occurrence of certain events relating to the Company’s pre-existing exclusivity obligations. The Company Exclusivity Requirement renews automatically on an annual basis unless the Company and Dialog agree to terminate the requirement.

Stockholders' Equity

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

Stockholders' Equity

Note 5 – Stockholders’ Equity

Authorized Capital

The holders of the Company’s common stock are entitled to one vote per share. Holders of common stock are entitled to receive ratably such dividends, if any, as may be declared by the Board out of legally available funds. Upon the liquidation, dissolution or winding up of the Company, holders of common stock are entitled to share ratably in all assets of the Company that are legally available for distribution.

Financing

On August 9, 2018, the Company filed a shelf registration statement on Form S-3 with the SEC, which became effective on August 17, 2018. This shelf registration statement allows the Company to sell, from time to time, any combination of debt or equity securities described in the registration statement up to aggregate proceeds of $75,000,000. Pursuant to this registration statement, in March 2019 the Company raised $23,319,156 (net of $1,680,844 in issuance costs) from an offering of shares of its common stock and warrants to purchase 1,666,666 shares of common stock at an exercise price of $10.00 per share. The Company also raised $4,557,693 (net of $339,081 in issuance costs) during the fourth quarter of 2019, $5,506,880 (net of $141,322 in issuance costs) during the first quarter of 2020 and $9,216,611 (net of $236,528 in issuance costs) during the second quarter of 2020, pursuant to this shelf registration statement.

On September 15, 2020, the Company filed a shelf registration statement on Form S-3 with the SEC, which became effective on September 24, 2020, and contains two prospectuses: a base prospectus, which covers the offering, issuance and sale by the Company of up to $75,000,000 of its common stock, preferred stock, debt securities, warrants to purchase our common stock, preferred stock or debt securities, subscription rights to purchase its common stock, preferred stock or debt securities and/or units consisting of some or all of these securities; and an at-the-market (“ATM”) sales agreement prospectus supplement covering the offering, or the ATM Program, issuance and sale by the Company of up to a maximum aggregate offering price of $40,000,000 of its common stock that may be issued and sold under that certain sales agreement. The $40,000,000 of common stock that may be offered, issued and sold under the sales agreement prospectus is included in the $75,000,000 of the Company’s securities that may be offered, issued and sold by the Company under the base prospectus. Pursuant to this shelf registration statement, the Company sold shares which raised net proceeds of $38,832,711 (net of $1,167,289 in issuance costs) during the third and fourth quarters of 2020. The ATM Program was completed as of the end of 2020 and no further securities were sold during the three or six months ended June 30, 2021.

Common Stock Outstanding

Our outstanding common shares typically include shares that are deemed delivered under US GAAP. Shares that are deemed delivered currently include shares that have vested, but have not yet been delivered, under tax-deferred equity awards, as well as shares purchased under our Employee Stock Purchase Program (“ESPP”) where actual transfer of shares normally occurs a few days after the completion of the purchase periods. There are no voting rights for shares that are deemed delivered under US GAAP until the actual delivery of shares takes place. On July 24, 2020, the stockholders of the Company approved an increase of the authorized share capital of the Company from 50,000,000 to 200,000,000 shares of common stock.

Stock Based Compensation

6 Months Ended

Jun. 30, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock Based Compensation

Note 6 – Stock-Based Compensation

Equity Incentive Plans

2013 Equity Incentive Plan

Effective on June 16, 2021, the Company’s stockholders approved the amendment and restatement of the 2013 Equity Incentive Plan to increase the number of shares reserved for issuance thereunder by 1,500,000 shares, bringing to 8,785,967 the total number of shares approved for issuance under that plan.

As of June 30, 2021, 2,414,623 shares of common stock remain eligible to be issued through equity-based instruments under the 2013 Equity Incentive Plan.

2014 Non-Employee Equity Compensation Plan

Effective on May 26, 2020, the Company’s stockholders approved the amendment and restatement of the 2014 Non-employee Equity Compensation Plan to increase the number of shares reserved for issuance through equity-based instruments thereunder by 800,000 shares, bringing to 1,650,000 the total number of shares approved for issuance under that plan.

As of June 30, 2021, 917,013 shares of common stock remain eligible to be issued through equity-based instruments under the 2014 Non-Employee Equity Compensation Plan.

2015 Performance Share Unit Plan

Effective on June 16, 2021, the Company’s stockholders approved the amendment and restatement of the 2015 Performance Share Unit Plan to increase the number of shares reserved for issuance through equity-based instruments thereunder by 1,700,000 shares, bringing to 5,110,104 the total number of shares approved for issuance under that plan.

As of June 30, 2021, 2,379,888 shares of common stock remain eligible to be issued through equity-based instruments under the 2015 Performance Share Unit Plan.

2017 Equity Inducement Plan

On December 28, 2017, the Board approved the 2017 Equity Inducement Plan. Under the plan, the Board reserved 600,000 shares for the grant of RSUs. These grants will be administered by the Board or a committee of the Board. These awards will be granted to individuals who (a) are being hired as an employee by the Company or any subsidiary and such award is a material inducement to such person being hired; (b) are being rehired as an employee following a bona fide period of interruption of employment with the Company or any subsidiary; or (c) will become an employee of the Company or any subsidiary in connection with a merger or acquisition.

As of June 30, 2021, 138,679 shares of common stock remain available to be issued through equity-based instruments under the 2017 Equity Inducement Plan.

Employee Stock Purchase Plan

In April 2015, the Company’s Board approved the ESPP, under which 600,000 shares of common stock have been reserved for purchase by the Company’s employees, subject to the approval by the stockholders. On May 21, 2015, the Company’s stockholders approved the ESPP. Effective on June 16, 2021, the Company’s stockholders approved the amendment and restatement of the Employee Stock Purchase Plan to increase the number of shares reserved for issuance through equity-based instruments thereunder by 700,000 shares, bring to 1,550,000 the total number of shares approved for issuance under that plan. Under the ESPP, employees may designate an amount not less than 1% but not more than 10% of their annual compensation for the purchase of Company shares. No more than 7,500 shares may be purchased by an employee under the ESPP during an offering period. An offering period shall be six months in duration commencing on or about January 1 and July 1 of each year. The exercise price of the option will be the lesser of 85% of the fair market of the common stock on the first business day of the offering period and 85% of the fair market value of the common stock on the applicable exercise date.

As of June 30, 2021, 685,374 shares of common stock remain eligible to be issued under the ESPP. Employees contributed $237,247 through payroll withholdings to the ESPP for the offering period ended June 30, 2021 and shares were deemed delivered on that date.

Note 6 – Stock-Based Compensation, continued

Stock Option Activity

The following is a summary of the Company’s stock option activity during the six months ended June 30, 2021:

Number of

Options

Weighted

Average

Exercise

Price

Weighted

Average

Remaining

Life In

Years

Intrinsic

Value

Outstanding at January 1, 2021

550,985

5.67

3.2

3,384

Granted

–

Exercised

–

Forfeited

–

Outstanding at June 30, 2021

550,985

5.67

2.7

33,655

Exercisable at January 1, 2021

550,985

5.67

3.2

3,384

Vested

–

Exercised

–

Forfeited

–

Exercisable at June 30, 2021

550,985

5.67

2.7

33,655

As of June 30, 2021, the unamortized value of options was $0.

Restricted Stock Units (“RSUs”)

During the six months ended June 30, 2021, the Compensation Committee granted various employees RSUs covering 964,885 shares of common stock under the 2013 Equity Incentive Plan. The awards vest over terms ranging from two to four years.

During the six months ended June 30, 2021, the Compensation Committee and the Board of Directors granted various non-employees RSUs covering 135,000 shares of common stock under the 2014 Non-employee Equity Compensation Plan. The awards vest over terms ranging from one to four years

During the six months ended June 30, 2021, the Board of Directors granted an employee RSUs covering 7,000 shares of common stock under the 2017 Equity Inducement Plan. The award vests over a term of four years.

As of June 30, 2021, the unamortized value of the RSUs was $4,763,288. The unamortized amount will be expensed over a weighted average period of 1.5 years. A summary of the activity related to RSUs for the six months ended June 30, 2021 is presented below:

	Total			Weighted Average Grant Date Fair Value
Outstanding at January 1, 2021		1,421,168		$	6.43
RSUs granted		1,106,885		$	3.77
RSUs forfeited		(71,784	)	$	4.33
RSUs vested		(926,053	)	$	6.13
Outstanding at June 30, 2021		1,530,216		$	4.78

Note 6 – Stock-Based Compensation, continued

Performance Share Units (“PSUs”)

Performance share units (“PSUs”) are grants that vest upon the achievement of certain performance goals. The goals are commonly related to the Company’s revenue, market capitalization or market share price of the common stock.

During the six months ended June 30, 2021, the Compensation Committee of the Board of Directors granted various employees PSUs covering 1,465,713 shares of common stock under the Company’s 2015 Performance Share Unit Plan.

Amortization for all PSU awards was $2,695,847 for the three and six months ended June 30, 2021 and $0 and $(88,348) for the three and six months ended June 30, 2020, respectively.

As of June 30, 2021, the unamortized value of the PSUs was $1,198,389. The unamortized amount will be expensed over a weighted average period of 0.5 years.

A summary of the activity related to PSUs for the six months ended June 30, 2021 is presented below:

	Total			Weighted Average Grant Date Fair Value
Outstanding at January 1, 2021		–		$	–
PSUs granted		1,465,713			4.23
PSUs forfeited		(13,650	)		4.29
PSUs vested		(494,608	)		4.51
Outstanding at June 30, 2021		957,455			4.08

Employee Stock Purchase Plan (“ESPP”)

The most recent offering period under the ESPP started on January 1, 2021 and concluded on June 30, 2021. During the year ended December 31, 2020, there were two offering periods. The first offering period began January 1, 2020 and concluded on June 30, 2020. The second offering period began on July 1, 2020 and concluded on December 31, 2020.

The weighted-average grant-date fair value of the purchase option for each designated share purchased under this plan was approximately $0.75 and $0.57 for the six months ended June 30, 2021 and 2020, respectively, which represents the fair value of the option, consisting of three main components: (i) the value of the discount on the enrollment date, (ii) the proportionate value of the call option for 85% of the stock and (iii) the proportionate value of the put option for 15% of the stock. The Company recognized compensation expense for the plan of $60,651 and $41,308 for the three months ended June 30, 2021 and 2020, respectively, and the Company recognized compensation expense for the plan of $117,967 and $84,135 for the six months ended June 30, 2021 and 2020, respectively.

The Company estimated the fair value of ESPP purchase options granted during the six months ended June 30, 2021 and 2020 using the Black-Scholes option pricing model. The fair values of stock options granted were estimated using the following assumptions:

	Six Months Ended June 30, 2021			Six Months Ended June 30, 2020
Stock price	$	1.80		$	1.77
Dividend yield		0%			0%
Expected volatility		95	%		61	%
Risk-free interest rate		0.09	%		1.57	%
Expected life	6 months			6 months

Note 6 – Stock-Based Compensation, continued

Stock-Based Compensation Expense

The following tables summarize total stock-based compensation costs recognized for the three and six months ended June 30, 2021 and 2020:

	Three Months Ended June 30,				Six Months Ended June,
	2021		2020		2021		2020
RSUs		1,471,826	$	2,028,599		3,560,736	$	4,350,419
PSUs		2,695,847		–		2,695,847		(88,348	)
ESPP		60,651		41,308		117,967		84,135
Total	$	4,228,324	$	2,069,907	$	6,374,550	$	4,346,206

The total amount of stock-based compensation was reflected within the statements of operations as:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Research and development	$	2,517,233	$	1,032,049	$	3,666,510	$	2,133,027
Sales and marketing		1,032,414		440,335		1,481,361		804,793
General and administrative		678,677		597,523		1,226,679		1,408,386
Total	$	4,228,324	$	2,069,907	$	6,374,550	$	4,346,206

Related Party Transactions

6 Months Ended

Jun. 30, 2021

Related Party Transactions

Note 7 – Related Party Transactions

In November 2016, the Company and Dialog entered into an alliance agreement for the manufacture, distribution and commercialization of products incorporating the Company’s wire-free charging technology (See Note 4 – Commitments and Contingencies, Strategic Alliance Agreement). On November 7, 2016 and June 28, 2017, the Company and Dialog entered into securities purchase agreements under which Dialog acquired a total of 1,739,691 shares and received warrants to purchase up to 1,417,565 shares. As of June 30, 2021, none of the warrants remain outstanding. As of June 30, 2021, Dialog owns approximately 2.8% of the Company’s outstanding common shares. The Company recorded $0 and $0 for the three months ended June 30, 2021 and 2020, respectively, and $0 and $0 in for the six months ended June 30, 2021 and 2020, respectively, in royalty revenue. Additionally, the Company recorded $0 and $89,375 in contract services revenue performed by Dialog during the three months ended June 30, 2021 and 2020, respectively, and the Company recorded $0 and $130,000 in contract services revenue performed by Dialog during the six months ended June 30, 2021 and 2020, respectively. The Company recorded $0 and $86,995 in cost of services revenue associated with contract services performed for Dialog during the three months ended June 30, 2021 and 2020, respectively, and the Company recorded $0 and $126,539 in cost of services revenue associated with contract services performed for Dialog during the six months ended June 30, 2021 and 2020, respectively. Additionally, the Company incurred $183,000 and $0 in chip development expense from Dialog, during the three months ended June 30, 2021 and 2020, respectively, and the Company incurred $183,000 and $0 in chip development expense from Dialog during the six months ended June 30, 2021 and 2020, respectively.

Customer Concentrations

6 Months Ended

Jun. 30, 2021

Risks And Uncertainties [Abstract]

Customer Concentrations

Note 8 – Customer Concentrations

Three customers accounted for approximately 64% of the Company’s revenue for the three months ended June 30, 2021, and two customers accounted for approximately 96% of the Company’s revenue for the three months ended June 30, 2020. Four customers accounted for approximately 72% of the Company’s revenue for the six months ended June 30, 2021, and two customers accounted for approximately 85% of the Company’s revenue for the six months ended June 30, 2020. Three customers accounted for approximately 62% of the accounts receivable balance as of June 30, 2021. Four customers accounted for approximately 92% of the accounts receivable balance as of December 31, 2020.

Subsequent Event

6 Months Ended

Jun. 30, 2021

Subsequent Events [Abstract]

Subsequent Events

Note 9 – Subsequent Event

On July 9, 2021, the Company announced that Stephen R. Rizzone has retired from his position as the Company’s President and Chief Executive Officer and as a member of the Board.

In connection with Mr. Rizzone’s retirement, the Company and Mr. Rizzone entered into an Executive Transition Agreement (“Separation Agreement”), providing for continued employment through August 31, 2021. Upon his termination of employment, the Separation Agreement provides severance payments and benefits to Mr. Rizzone consistent with the terms of his existing employment agreement with the Company, including without limitation: compensation-based payments of $1,460,000 in the aggregate, payable under a certain payment scheme as set forth therein, an additional lump sum cash payment of $2,000,000, a pro-rated bonus payment for the two months of employment during the current quarterly bonus period payable at the same time bonus payments are made to other executives of the Company, settlement of deferred vested restricted stock units and an extension of the exercise periods of all stock options held by Mr. Rizzone until the one year anniversary of his termination date, and additional benefits related to Mr. Rizzone’s medical insurance. In addition, the Company will pay-off all amounts owed under a lease agreement relating to a Company Car and Mr. Rizzone will receive the title to the vehicle. All compensation under the Separation Agreement will be subject to applicable withholding.

Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2021

Accounting Policies [Abstract]

Basis of Presentation

Use of Estimates

Cash and Cash Equivalents

Revenue Recognition

On January 1, 2018, the Company adopted Accounting Standards Update No. 2014-09, "Revenue from Contracts with Customers" (Topic 606).

In accordance with Topic 606, the Company recognizes revenue using the following five-step approach:

Identify the contract with a customer.

Identify the performance obligations in the contract.

Determine the transaction price of the contract.

Allocate the transaction price to the performance obligations in the contract.

Recognize revenue when the performance obligations are met or delivered.

The Company records royalty revenue from its manufacturing partner, Dialog, and such royalty revenue is recognized at a point in time based on shipments from Dialog to its customers.

Note 3 – Summary of Significant Accounting Policies, continued

Research and Development

Stock-Based Compensation

Income Taxes

Net Loss Per Common Share

Potentially dilutive securities outlined in the table below have been excluded from the computation of diluted net loss per share because the effect of their inclusion would have been anti-dilutive.

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2021		2020		2021		2020
Warrants issued to private investors		3,284,789		3,938,802		3,284,789		3,938,802
Options to purchase common stock		550,985		550,985		550,985		550,985
RSUs		1,530,216		1,822,116		1,530,216		1,822,116
PSUs		957,455		633,677		957,455		633,677
Total potentially dilutive securities		6,323,445		6,945,580		6,323,445		6,945,580

Leases

Recent Accounting Pronouncements

Management's Evaluation of Subsequent Events

Management’s Evaluation of Subsequent Events

The Company evaluates events that have occurred after the balance sheet date of June 30, 2021, through the date which the financial statements are available to be issued.

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2021

Accounting Policies [Abstract]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Potentially dilutive securities outlined in the table below have been excluded from the computation of diluted net loss per share because the effect of their inclusion would have been anti-dilutive.

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2021		2020		2021		2020
Warrants issued to private investors		3,284,789		3,938,802		3,284,789		3,938,802
Options to purchase common stock		550,985		550,985		550,985		550,985
RSUs		1,530,216		1,822,116		1,530,216		1,822,116
PSUs		957,455		633,677		957,455		633,677
Total potentially dilutive securities		6,323,445		6,945,580		6,323,445		6,945,580

Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2021

Commitments And Contingencies Disclosure [Abstract]

Schedule of Reconciliation of Undiscounted Cash Flows to Lease Liabilities Recognized

A reconciliation of undiscounted cash flows to lease liabilities recognized as of June 30, 2021 is as follows:

	Amount
	(unaudited)
2021		417,615
2022		584,469
Total future lease payments		1,002,084
Present value discount (4% weighted average)		(22,424	)
Total operating lease liabilities		979,660

Stock Based Compensation (Tables)

6 Months Ended

Jun. 30, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Stock Option Activity

The following is a summary of the Company’s stock option activity during the six months ended June 30, 2021:

Number of

Options

Weighted

Average

Exercise

Price

Weighted

Average

Remaining

Life In

Years

Intrinsic

Value

Outstanding at January 1, 2021

550,985

5.67

3.2

3,384

Granted

–

Exercised

–

Forfeited

–

Outstanding at June 30, 2021

550,985

5.67

2.7

33,655

Exercisable at January 1, 2021

550,985

5.67

3.2

3,384

Vested

–

Exercised

–

Forfeited

–

Exercisable at June 30, 2021

550,985

5.67

2.7

33,655

Schedule of Restricted Stock Units Activity

A summary of the activity related to RSUs for the six months ended June 30, 2021 is presented below:

	Total			Weighted Average Grant Date Fair Value
Outstanding at January 1, 2021		1,421,168		$	6.43
RSUs granted		1,106,885		$	3.77
RSUs forfeited		(71,784	)	$	4.33
RSUs vested		(926,053	)	$	6.13
Outstanding at June 30, 2021		1,530,216		$	4.78

Summary of Activity Related to PSUs

A summary of the activity related to PSUs for the six months ended June 30, 2021 is presented below:

	Total			Weighted Average Grant Date Fair Value
Outstanding at January 1, 2021		–		$	–
PSUs granted		1,465,713			4.23
PSUs forfeited		(13,650	)		4.29
PSUs vested		(494,608	)		4.51
Outstanding at June 30, 2021		957,455			4.08

Summary of Fair Values of Stock Options Granted

The fair values of stock options granted were estimated using the following assumptions:

	Six Months Ended June 30, 2021			Six Months Ended June 30, 2020
Stock price	$	1.80		$	1.77
Dividend yield		0%			0%
Expected volatility		95	%		61	%
Risk-free interest rate		0.09	%		1.57	%
Expected life	6 months			6 months

Summary of Stock-based Compensation Costs Recognized

The following tables summarize total stock-based compensation costs recognized for the three and six months ended June 30, 2021 and 2020:

	Three Months Ended June 30,				Six Months Ended June,
	2021		2020		2021		2020
RSUs		1,471,826	$	2,028,599		3,560,736	$	4,350,419
PSUs		2,695,847		–		2,695,847		(88,348	)
ESPP		60,651		41,308		117,967		84,135
Total	$	4,228,324	$	2,069,907	$	6,374,550	$	4,346,206

Summary of Stock-based Compensation Reflected within Statements of Operations

The total amount of stock-based compensation was reflected within the statements of operations as:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Research and development	$	2,517,233	$	1,032,049	$	3,666,510	$	2,133,027
Sales and marketing		1,032,414		440,335		1,481,361		804,793
General and administrative		678,677		597,523		1,226,679		1,408,386
Total	$	4,228,324	$	2,069,907	$	6,374,550	$	4,346,206

Liquidity and Management Plans - Additional Information (Detail) - USD ($)	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Liquidity And Management Plans [Line Items]
Engineering product development	$ 184,960		$ 114,375		$ 330,025	$ 175,850
Net loss	(11,015,829)	$ (8,525,763)	(8,204,666)	$ (8,597,736)	(19,541,592)	(16,802,402)
Net cash provided by (used in) operating activities					(12,537,690)	(13,215,844)
Proceeds of securities offerings						14,723,491	$ 53,556,202
Cash and cash equivalents, at carrying value, total	38,226,214				38,226,214		$ 50,729,661
Technology Service [Member]
Liquidity And Management Plans [Line Items]
Engineering product development	$ 184,960		$ 114,375		$ 330,025	$ 175,850

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669619-108580

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
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+ Details

- Definition

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

+ References

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+ Details

Significant Accounting Policies - Additional Information (Detail) - USD ($)		3 Months Ended		6 Months Ended
	Apr. 30, 2015	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Summary Of Significant Accounting Policies [Line Items]
Revenue		$ 184,960	$ 114,375	$ 330,025	$ 175,850
Research and development expense, total		6,103,694	$ 4,330,433	10,694,938	8,905,736
Liability for unrecognized tax benefits		$ 0		0
Interest or penalties for uncertain tax positions				$ 0	$ 0
Antidilutive securities excluded from computation of earnings per share, amount		6,323,445	6,945,580	6,323,445	6,945,580
Employee Stock Purchase Plan [Member]
Summary Of Significant Accounting Policies [Line Items]
Common stock purchase price discount percentage	85.00%			15.00%
Product Development Projects Revenue [Member]
Summary Of Significant Accounting Policies [Line Items]
Revenue		$ 184,960	$ 25,000	$ 330,025	$ 45,850
Royalty Revenue [Member]
Summary Of Significant Accounting Policies [Line Items]
Revenue		0	0	0	0
Contract Services Revenue [Member]
Summary Of Significant Accounting Policies [Line Items]
Revenue		$ 0	$ 89,375	$ 0	$ 130,000

Summary of Significant Accounting Policies - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Summary Of Significant Accounting Policies [Line Items]
Total potentially dilutive securities	6,323,445	6,945,580	6,323,445	6,945,580
Warrant Issued to Private Investors [Member]
Summary Of Significant Accounting Policies [Line Items]
Total potentially dilutive securities	3,284,789	3,938,802	3,284,789	3,938,802
Employee Stock Option [Member]
Summary Of Significant Accounting Policies [Line Items]
Total potentially dilutive securities	550,985	550,985	550,985	550,985
Restricted Stock Units (RSUs) [Member]
Summary Of Significant Accounting Policies [Line Items]
Total potentially dilutive securities	1,530,216	1,822,116	1,530,216	1,822,116
Performance Share Units [Member]
Summary Of Significant Accounting Policies [Line Items]
Total potentially dilutive securities	957,455	633,677	957,455	633,677

Commitments and Contingencies - Operating Leases - Additional Information (Detail) - USD ($)	1 Months Ended
	Oct. 31, 2019	Jun. 30, 2021	Dec. 31, 2020	Jul. 15, 2019	Jul. 01, 2019	Jan. 01, 2019
Commitments And Contingencies [Line Items]
Operating lease right-of-use assets		$ 899,355	$ 1,293,291
Operating lease liabilities		785,484	825,431
Total operating lease payments		1,002,084
Long-term portion of operating lease liabilities		194,176	$ 576,762
ASU No. 2016-02 [Member]
Commitments And Contingencies [Line Items]
Operating lease right-of-use assets		899,355				$ 414,426
Operating lease liabilities		785,484				$ 485,747
Total operating lease payments		1,002,084
Long-term portion of operating lease liabilities		$ 194,176
Weighted average remaining lease term		1 year 2 months 12 days
San Jose, California [Member]
Commitments And Contingencies [Line Items]
Operating lease, renewal term					3 years
Operating lease payment	$ 52,970
San Jose, California [Member] \| Maximum [Member]
Commitments And Contingencies [Line Items]
Maximum monthly lease payment	64,941
Costa Mesa, California [Member]
Commitments And Contingencies [Line Items]
Operating lease, renewal term				2 years
Operating lease payment	9,773
Costa Mesa, California [Member] \| Maximum [Member]
Commitments And Contingencies [Line Items]
Maximum monthly lease payment	$ 10,200

Commitments and Contingencies - Schedule of Reconciliation of Undiscounted Cash Flows to Lease Liabilities Recognized (Detail)	Jun. 30, 2021 USD ($)
Operating Leases Future Minimum Payments Due [Abstract]
2021	$ 417,615
2022	584,469
Total future lease payments	1,002,084
Present value discount (4% weighted average)	(22,424)
Total operating lease liabilities	$ 979,660

Commitments and Contingencies - Hosted Design Software Agreement - Additional Information (Detail) - Hosted Design Software Agreement [Member] - USD ($)			1 Months Ended
	Dec. 18, 2015	Jun. 25, 2015	Jun. 30, 2021	Jul. 31, 2018	Jul. 31, 2015
Commitments And Contingencies [Line Items]
Initial term of agreement		3 years
Quarterly payments for service agreement	$ 198,000		$ 233,000	$ 218,000	$ 101,000
Additional term of agreement				3 years

Commitments and Contingencies - MBO Bonus Plan - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Accrued Expenses [Member] \| Executive Officers [Member]
Commitments And Contingencies [Line Items]
Accrued bonus expense	$ 391,578	$ 392,929	$ 783,156	$ 677,520

Commitments and Contingencies - Employee Agreement - Stephen Rizzone - Additional Information (Detail) - Mr. Rizzone [Member] - USD ($)		6 Months Ended
	Jan. 01, 2015	Jun. 30, 2021
Commitments And Contingencies [Line Items]
Agreement effective date	Jan. 01, 2015
Initial term of agreement	4 years
Officers' compensation		$ 365,000
Employment agreement percentage of base salary		100.00%

Commitments and Contingencies - Strategic Alliance Agreement - Additional Information (Detail)	1 Months Ended
	Nov. 30, 2016
Strategic Alliance Agreement [Member]
Commitments And Contingencies [Line Items]
Initial term of agreement	7 years

Stockholders' Equity - Additional Information (Detail)			1 Months Ended	3 Months Ended					6 Months Ended
Stockholders' Equity - Additional Information (Detail)	Sep. 24, 2020 USD ($)	Aug. 17, 2018 USD ($)	Mar. 31, 2019 USD ($) $ / shares shares	Dec. 31, 2020 USD ($) shares	Sep. 30, 2020 USD ($)	Jun. 30, 2020 USD ($)	Mar. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Jun. 30, 2021 Vote shares	Jul. 24, 2020 shares
Class of Stock [Line Items]
Number of common stock voting entitlement per share \| Vote									1
Proceeds from private offering of shares of common stock and warrants			$ 23,319,156
Net of issuance costs from offering of shares			$ 1,680,844			$ 236,528	$ 141,322	$ 339,081
Class of warrant or right, number of securities called by warrants or rights \| shares			1,666,666
Class of warrant or right, exercise price of warrants or rights \| $ / shares			$ 10.00
Proceeds from at the market offering of shares of common stock and warrants						9,216,611	5,506,880	$ 4,557,693
Common stock outstanding abstract				Our outstanding common shares typically include shares that are deemed delivered under US GAAP. Shares that are deemed delivered currently include shares that have vested, but have not yet been delivered, under tax-deferred equity awards, as well as shares purchased under our Employee Stock Purchase Program (“ESPP”) where actual transfer of shares normally occurs a few days after the completion of the purchase periods. There are no voting rights for shares that are deemed delivered under US GAAP until the actual delivery of shares takes place. On July 24, 2020, the stockholders of the Company approved an increase of the authorized share capital of the Company from 50,000,000 to 200,000,000 shares of common stock.
Common stock, shares authorized \| shares				200,000,000					200,000,000
Accounting issuance costs will be paid	$ 1,167,289
At-the-market ("ATM") funds receivable				$ 38,832,711	$ 38,832,711
Securities Sold under Agreement, Shares \| shares									0
Maximum [Member]
Class of Stock [Line Items]
Securities reserved for issuance	$ 75,000,000
Common stock, shares authorized \| shares										200,000,000
Minimum [Member]
Class of Stock [Line Items]
Common stock, shares authorized \| shares										50,000,000
Common Stock [Member]
Class of Stock [Line Items]
Proceeds from at the market offering of shares of common stock and warrants						$ 33	$ 44
Consummation of Offering Under Shelf Registration [Member]
Class of Stock [Line Items]
Proceeds from shelf registration debt or equity securities		$ 75,000,000
At-the-Market (?ATM?) Sales Agreement [Member]
Class of Stock [Line Items]
Sale of stock, Description	The $40,000,000 of common stock that may be offered, issued and sold under the sales agreement prospectus is included in the $75,000,000 of the Company’s securities that may be offered, issued and sold by the Company under the base prospectus.
At-the-Market (?ATM?) Sales Agreement [Member] \| Maximum [Member]
Class of Stock [Line Items]
Proceeds from (Payments for) in Securities Sold under Agreements	$ 40,000,000

Stock Based Compensation - Equity Incentive Plan - Additional Information (Detail) - USD ($)		6 Months Ended
	Apr. 30, 2015	Jun. 30, 2021	Jun. 16, 2021	May 26, 2020	Dec. 28, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee contribution through payroll withholdings		$ 237,247
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, number of shares authorized for issuance			1,550,000
Common stock, capital shares reserved for future issuance	600,000		700,000
Common stock remain eligible to be issued		685,374
Lowest percentage of annual compensation to be utilized by an employee for purchase of shares under the plan	1.00%
Highest percentage of annual compensation to be utilized by an employee for purchase of shares under the plan	10.00%
Maximum number of shares permitted to purchase	7,500
Offering period	6 months
Exercise price discount from fair value on offering date	85.00%
Exercise price discount from fair value on exercise date	85.00%	15.00%
Share-based compensation arrangement by share-based payment award, terms of award		In April 2015, the Company’s Board approved the ESPP, under which 600,000 shares of common stock have been reserved for purchase by the Company’s employees, subject to the approval by the stockholders. On May 21, 2015, the Company’s stockholders approved the ESPP. Effective on June 16, 2021, the Company’s stockholders approved the amendment and restatement of the Employee Stock Purchase Plan to increase the number of shares reserved for issuance through equity-based instruments thereunder by 700,000 shares, bring to 1,550,000 the total number of shares approved for issuance under that plan. Under the ESPP, employees may designate an amount not less than 1% but not more than 10% of their annual compensation for the purchase of Company shares. No more than 7,500 shares may be purchased by an employee under the ESPP during an offering period. An offering period shall be six months in duration commencing on or about January 1 and July 1 of each year. The exercise price of the option will be the lesser of 85% of the fair market of the common stock on the first business day of the offering period and 85% of the fair market value of the common stock on the applicable exercise date.
2013 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, number of shares authorized for issuance			8,785,967
Common stock, capital shares reserved for future issuance			1,500,000
Common stock remain eligible to be issued		2,414,623
Non-Employee Equity Compensation Plan 2014 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, number of shares authorized for issuance				1,650,000
Common stock, capital shares reserved for future issuance				800,000
Common stock remain eligible to be issued		917,013
2015 Performance Share Unit Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, number of shares authorized for issuance			5,110,104
Common stock, capital shares reserved for future issuance			1,700,000
Common stock remain eligible to be issued		2,379,888
2017 Equity Inducement Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock remain eligible to be issued		138,679
2017 Equity Inducement Plan [Member] \| Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, capital shares reserved for future issuance					600,000

Stock Based Compensation - Summary of Stock Option Activity (Detail) - Employee Stock Option [Member] - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Outstanding	550,985
Number of Options, Granted	0
Number of Options, Exercised	0
Number of Options, Forfeited	0
Number of Options, Outstanding	550,985	550,985
Number of Options, Exercisable	550,985
Number of Options, Vested	0
Number of Options, Exercised	0
Number of Options, Forfeited	0
Number of Options, Exercisable	550,985	550,985
Weighted Average Exercise Price, Outstanding	$ 5.67
Weighted Average Exercise Price, Granted	0
Weighted Average Exercise Price, Exercised	0
Weighted Average Exercise Price, Forfeited	0
Weighted Average Exercise Price, Outstanding	5.67	$ 5.67
Weighted Average Exercise Price, Exercisable	5.67
Weighted Average Exercise Price, Vested	0
Weighted Average Exercise Price, Exercised	0
Weighted Average Exercise Price, Forfeited	0
Weighted Average Exercise Price, Exercisable	$ 5.67	$ 5.67
Weighted Average Remaining Life In Years, Outstanding	2 years 8 months 12 days	3 years 2 months 12 days
Weighted Average Remaining Life In Years, Exercisable	2 years 8 months 12 days	3 years 2 months 12 days
Intrinsic Value, Outstanding	$ 33,655	$ 3,384
Intrinsic Value, Exercisable	$ 33,655	$ 3,384

Stock Based Compensation - Stock Option Award Activity - Additional Information (Detail)	Jun. 30, 2021 USD ($)
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee service share-based compensation, nonvested awards, compensation not yet recognized, stock options	$ 0

Stock Based Compensation - Restricted Stock Units - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2021 USD ($) shares
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting period	4 years
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee service share-based compensation, nonvested awards, compensation not yet recognized, share-based awards other than options \| $	$ 4,763,288
Employee service share-based compensation, nonvested awards, compensation cost not yet recognized, period for recognition	1 year 6 months
2013 Equity Incentive Plan [Member] \| Restricted Stock Units (RSUs) [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting period	2 years
2013 Equity Incentive Plan [Member] \| Restricted Stock Units (RSUs) [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting period	4 years
2013 Equity Incentive Plan [Member] \| Restricted Stock Units (RSUs) [Member] \| Employee [Member] \| Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, equity instruments other than options, grants in period	964,885
Non-Employee Equity Compensation Plan 2014 [Member] \| Restricted Stock Units (RSUs) [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting period	1 year
Non-Employee Equity Compensation Plan 2014 [Member] \| Restricted Stock Units (RSUs) [Member] \| Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, equity instruments other than options, grants in period	135,000
2017 Equity Inducement Plan [Member] \| Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting period	4 years
2017 Equity Inducement Plan [Member] \| Restricted Stock Units (RSUs) [Member] \| Employee [Member] \| Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, equity instruments other than options, grants in period	7,000

Stock Based Compensation - Schedule of Restricted Stock Units Activity (Detail) - Restricted Stock Units (RSUs) [Member]	6 Months Ended
	Jun. 30, 2021 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Outstanding \| shares	1,421,168
RSUs granted \| shares	1,106,885
RSUs forfeited \| shares	(71,784)
RSUs vested \| shares	(926,053)
Number of Options, Outstanding \| shares	1,530,216
Weighted Average Grant Date Fair Value, Beginning Balance \| $ / shares	$ 6.43
Weighted Average Grant Date Fair Value, RSUs granted \| $ / shares	3.77
Weighted Average Grant Date Fair Value, RSUs forfeited \| $ / shares	4.33
Weighted Average Grant Date Fair Value, RSUs vested \| $ / shares	6.13
Weighted Average Grant Date Fair Value, Ending Balance \| $ / shares	$ 4.78

Stock Based Compensation - Performance Share Units - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense	$ 2,695,847	$ (88,348)	$ 2,695,847	$ (88,348)
Employee service share-based compensation, nonvested awards, compensation not yet recognized, share-based awards other than options	$ 1,198,389		$ 1,198,389
Employee service share-based compensation, nonvested awards, compensation cost not yet recognized, period for recognition			6 months
2015 Performance Share Unit Plan [Member] \| Employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, equity instruments other than options, grants in period			1,465,713

Stock Based Compensation - Summary of Activity Related to PSUs (Detail) - Performance Shares [Member]	6 Months Ended
	Jun. 30, 2021 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Outstanding \| shares	0
PSUs granted \| shares	1,465,713
PSUs forfeited \| shares	(13,650)
PSUs / DSUs vested \| shares	(494,608)
Number of Options, Outstanding \| shares	957,455
Weighted Average Grant Date Fair Value, Beginning Balance \| $ / shares	$ 0
Weighted Average Grant Date Fair Value, PSUs granted \| $ / shares	4.23
Weighted Average Grant Date Fair Value, PSUs forfeited \| $ / shares	4.29
Weighted Average Grant Date Fair Value, PSUs vested \| $ / shares	4.51
Weighted Average Grant Date Fair Value, Ending Balance \| $ / shares	$ 4.08

Stock Based Compensation - Employee Stock Purchase Plan - Additional Information (Detail) - Employee Stock Purchase Plan [Member] - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, equity instruments other than options, grants in period, weighted average grant date fair value			$ 0.75	$ 0.57
Percentage of proportionate value of call option of stock			85.00%
Percentage of proportionate value of put option of stock			15.00%
Allocated share-based compensation expense	$ 60,651	$ 41,308	$ 117,967	$ 84,135

Stock Based Compensation - Summary of Fair Values of Stock Options Granted (Detail) - Employee Stock Purchase Plan [Member] - Employee Stock Option [Member] - $ / shares	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock price	$ 1.80	$ 1.77
Dividend yield	0.00%	0.00%
Expected volatility	95.00%	61.00%
Risk-free interest rate	0.09%	1.57%
Expected life	6 months	6 months

Stock Based Compensation -Summary of Stock-based Compensation Costs Recognized (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total	$ 4,228,324	$ 2,069,907	$ 6,374,550	$ 4,346,206
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated share-based compensation expense	1,471,826	2,028,599	3,560,736	4,350,419
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated share-based compensation expense	2,695,847	0	2,695,847	(88,348)
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated share-based compensation expense	$ 60,651	$ 41,308	$ 117,967	$ 84,135

Stock Based Compensation - Summary of Stock-based Compensation Reflected within Statements of Operations (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based Compensation, Total	$ 4,228,324	$ 2,069,907	$ 6,374,550	$ 4,346,206
Research and Development Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated share-based compensation expense	2,517,233	1,032,049	3,666,510	2,133,027
Selling and Marketing Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated share-based compensation expense	1,032,414	440,335	1,481,361	804,793
General and Administrative Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated share-based compensation expense	$ 678,677	$ 597,523	$ 1,226,679	$ 1,408,386

Related Party Transactions - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended		8 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Jun. 28, 2017	Mar. 31, 2019
Related Party Transaction [Line Items]
Class of warrant or right, number of securities called by warrants or rights						1,666,666
Cost of services revenue		$ 86,995		$ 126,539
Dialog Semiconductor Plc [Member]
Related Party Transaction [Line Items]
Equity method investment, ownership percentage	2.80%		2.80%
Warrants outstanding	0		0
Contract Services [Member] \| Dialog Semiconductor Plc [Member]
Related Party Transaction [Line Items]
Revenue	$ 0	89,375	$ 0	130,000
Cost of services revenue	0	86,995	0	126,539
Chip Development [Member] \| Dialog Semiconductor Plc [Member]
Related Party Transaction [Line Items]
Cost of services revenue	183,000	0	183,000	0
Strategic Alliance Agreement [Member] \| Royalty Revenue [Member]
Related Party Transaction [Line Items]
Revenue	$ 0	$ 0	$ 0	$ 0
Private Placements [Member] \| Dialog Semiconductor Plc [Member]
Related Party Transaction [Line Items]
Stock issued during period, shares, new issues					1,739,691
Private Placements [Member] \| Warrant Issued to Private Investors [Member] \| Dialog Semiconductor Plc [Member]
Related Party Transaction [Line Items]
Class of warrant or right, number of securities called by warrants or rights					1,417,565

Customer Concentrations - Additional Information (Detail) - Customer Concentration Risk [Member] - Customer	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Revenues [Member]
Concentration Risk [Line Items]
Number of customers	3	2	4	2
Concentration percentage	64.00%	96.00%	72.00%	85.00%
Accounts Receivable [Member]
Concentration Risk [Line Items]
Number of customers			3		4
Concentration percentage			62.00%		92.00%

Subsequent Events - Additional Information (Details) - Subsequent Event [Member] - Separation Agreement [Member]	Jul. 09, 2021 USD ($)
Subsequent Event [Line Items]
Allocated share-based compensation expense	$ 1,460,000
Additional lump sum cash payment	$ 2,000,000
Description of other commitments	a pro-rated bonus payment for the two months of employment during the current quarterly bonus period payable at the same time bonus payments are made to other executives of the Company, settlement of deferred vested restricted stock units and an extension of the exercise periods of all stock options held by Mr. Rizzone until the one year anniversary of his termination date, and additional benefits related to Mr. Rizzone’s medical insurance.