STOCK-BASED COMPENSATION (Tables)
|
9 Months Ended |
Sep. 30, 2023 |
|---|
| Share-Based Payment Arrangement [Abstract] |
|
| Disclosure of Share-based Compensation Arrangements by Share-based Payment Award |
The following table contains information about the Company's equity incentive plans as of September 30, 2023:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Awards Reserved for Issuance |
|
Awards Exercised |
|
Awards Outstanding |
|
Awards Available for Grant |
|
|
|
|
|
|
|
|
|
| 2016 Equity Incentive Plan |
|
497,776 |
|
|
— |
|
|
248,888 |
|
|
248,888 |
|
| 2018 Equity Incentive Plan |
|
14,707,847 |
|
|
4,022,133 |
|
|
5,342,857 |
|
|
5,342,857 |
|
| 2019 Equity Incentive Plan |
|
21,568,053 |
|
|
34,884 |
|
|
11,999,150 |
|
|
9,534,019 |
|
|
| Share-based Payment Arrangement, Activity |
The following table sets forth the total stock-based compensation expense resulting from stock options and restricted grants of common stock to employees, directors and non-employee consultants in the consolidated statement of operations which are included in selling, general and administrative expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands, except for shares / options) |
| |
|
For the Three Months Ended |
| |
|
September 30, 2023 |
|
September 30, 2022 |
| Type of Award |
|
Number of
Shares or
Options
Granted |
|
Stock-Based
Compensation
Expense |
|
Number of
Shares or
Options
Granted |
|
Stock-Based
Compensation
Expense |
|
|
|
|
|
|
|
|
|
| Stock Options |
|
— |
|
$ |
85 |
|
|
— |
|
$ |
276 |
|
|
|
|
|
|
|
|
|
|
| Stock Grants: |
|
|
|
|
|
|
|
|
| Employees (Common Stock) |
|
— |
|
|
— |
|
|
— |
|
— |
|
| Directors (Common Stock) |
|
— |
|
— |
|
|
— |
|
— |
|
| Non–Employee Consultants (Common Stock) |
|
— |
|
— |
|
|
6,472,492 |
|
268 |
|
|
|
|
|
|
|
|
|
|
| Total Stock–Based Compensation Expense |
|
|
|
$ |
85
|
|
|
|
|
$ |
544
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands, except for shares / options) |
| |
|
For the Nine Months Ended |
| |
|
September 30, 2023 |
|
September 30, 2022 |
| Type of Award |
|
Number of
Shares or
Options
Granted |
|
Stock-Based
Compensation
Expense |
|
Number of
Shares or
Options
Granted |
|
Stock-Based
Compensation
Expense |
|
|
|
|
|
|
|
|
|
| Stock Options |
|
— |
|
$ |
272 |
|
|
400,000 |
|
$ |
3,450 |
|
|
|
|
|
|
|
|
|
|
| Stock Grants: |
|
|
|
|
|
|
|
|
| Employees (Common Stock) |
|
— |
|
|
— |
|
|
2,100,000 |
|
352 |
|
| Directors (Common Stock) |
|
— |
|
— |
|
|
943,128 |
|
213 |
|
| Non–Employee Consultants (Common Stock) |
|
96,178,321 |
|
1,910 |
|
|
7,197,492 |
|
397 |
|
|
|
|
|
|
|
|
|
|
| Total Stock–Based Compensation Expense |
|
|
|
$ |
2,182
|
|
|
|
|
$ |
4,412
|
|
|
| Share-based Payment Arrangement, Option, Activity |
The following table summarizes the Company’s stock option activity and related information for the nine months ended September 30, 2023:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of
Shares
|
|
Weighted-
Average Exercise
Price Per Share |
|
Weighted-
Average
Remaining
Contractual
Life |
|
Aggregate
Intrinsic
Value of
In-the-Money
Options |
|
|
|
|
|
|
|
|
|
| Options Outstanding as of January 1, 2023 |
|
52,821,099 |
|
$ |
0.23 |
|
|
|
|
|
| Forfeited |
|
(35,135,204) |
|
$ |
0.22 |
|
|
|
|
|
| Options Outstanding as of September 30, 2023 |
|
17,685,895 |
|
$ |
0.25 |
|
|
6.9 years |
|
$ |
— |
|
| Options Exercisable as of September 30, 2023 |
|
15,220,765 |
|
$ |
0.28 |
|
|
6.9 years |
|
$ |
— |
|
|