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
|
|
|