Quarterly report pursuant to Section 13 or 15(d)

Note 11 - Stock-based Compensation (Tables)

v3.21.2
Note 11 - Stock-based Compensation (Tables)
6 Months Ended
Jun. 30, 2021
Notes Tables  
Share-based Payment Arrangement, Option, Activity [Table Text Block]

Option numbers are in (000s)

                       
           

Six months ended

June 30, 2021

         
   

Options

   

Weighted average

exercise price

   

 

Weighted average remaining
contractual life 
(years)
 
                         

Outstanding, beginning of period

    11,942     $ 4.97          

Granted

    3,156       4.55          

Exercised

    (67 )     2.39          

Forfeited

    (800 )     5.67          

Outstanding, end of the period

    14,231       4.88       6.9  

Exercisable, end of the period

    8,001       4.60       5.7  

Vested and expected to vest, end of period

    13,296       4.85       6.8  

Option numbers are in (000s)

                       
           

Six months ended

June 30, 2020

         
   

Options

   

Weighted average

exercise price

   

 

Weighted average remaining
contractual life
(years)
 
                         

Outstanding, beginning of period

    5,941     $ 2.84          

Granted

    6,272       6.84          

Exercised

    (191 )     2.55          

Forfeited

    (71 )     2.87          

Outstanding, end of the period

    11,951       4.91       8.4  

Exercisable, end of the period

    4,190       2.97       6.6  

Vested and expected to vest, end of period

    10,786       4.79       8.3  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   

Six months ended

June 30, 2021

   

Six months ended

June 30, 2020

 
                 

Risk-free interest rate

    0.43 %     1.28 %

Expected dividend yield

    -       -  

Expected volatility

    80.8 %     85.9 %

Expected life of options (years)

 

5

   

5

 

Grant date fair value

  $ 2.91     $ 4.61  
Schedule of Share-based Payment Award, Options, Grants in Period [Table Text Block]

Option numbers are in (000s)

 

Six months ended
June 30, 2021

   

Six months ended
June 30, 2020

 
   

Number of options

   

Number of options

 

Cliff vesting after one year anniversary

    -       300  

3 year vesting (50%-25%-25%)

    430       862  

4 year vesting (50%-16 2/3%-16 2/3%-16 2/3%)

    2,726       5,110  

Total stock options granted in the period

    3,156       6,272  
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]
   

Six months ended,

June 30, 2021

   

Six months ended,

June 30, 2020

 
   

Number

(in thousands)

   

Weighted average grant date fair value

   

Number

(in thousands)

   

Weighted average grant date fair value

 

Outstanding, beginning of period

    -     $ -       40     $ 2.00  

Granted

    -       -       645       7.32  

Outstanding, end of period

    -     $ -       685     $ 7.01  
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]
   

Three months ended

June 30,

   

Six months ended

June 30,

 
   

2021

   

2020

   

2021

   

2020

 
                                 

Research and development

  $ 998     $ 933     $ 2,376     $ 1,733  

General and administrative

    1,166       6,768       6,431       10,369  
    $ 2,164     $ 7,701     $ 8,807     $ 12,102