Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.21.2
SHARE-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2021
SHARE-BASED COMPENSATION  
Schedule of Share-based compensation expense

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

(in thousands)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Cost of goods sold

 

$ -

 

 

$ -

 

 

$ -

 

 

$ -

 

General and administrative expense

 

 

338

 

 

 

213

 

 

 

625

 

 

 

1,825

 

Total share-based compensation

 

$ 338

 

 

$ 213

 

 

$ 625

 

 

$ 1,825

 

Schedule of Stock option activity

 

 

 

 

 

 

Weighted-Average

 

 

 

 

 

Stock

 

 

Weighted-Average

 

 

Remaining

 

 

Aggregate

 

(in thousands except per share amounts)

 

Options

 

 

Exercise Price

 

 

Contractual Life

 

 

Intrinsic Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding—December 31, 2020

 

 

6,260

 

 

$ 0.97

 

 

 

4.7

 

 

$ 3,162

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

1,880

 

 

 

1.41

 

 

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

Cancelled

 

 

(1,153 )

 

 

1.60

 

 

 

 

 

 

 

 

 

Outstanding—June 30, 2021

 

 

6,987

 

 

$ 0.95

 

 

 

2.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable—June 30, 2021

 

 

1,677

 

 

$ 1.02

 

 

 

3

 

 

$ 69

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest—June 30, 2021

 

 

6,987

 

 

$ 0.95

 

 

 

2.6

 

 

$ 2,254

 

Schedule of Restricted stock unit activity

 

 

 

 

Weighted-Average

 

(in thousands except per share amounts)

 

RSUs

 

 

Fair Value

 

 

 

 

 

 

 

 

Outstanding—December 31, 2020

 

 

450

 

 

$ 0.33

 

 

 

 

 

 

 

 

 

 

Granted

 

 

1,395

 

 

 

1.15

 

Vested

 

 

-

 

 

 

-

 

Cancelled

 

 

(10 )

 

 

1.11

 

Outstanding—June 30, 2021

 

 

1,835

 

 

$ 0.95

 

Schedule of Weighted average assumptions

Stock Options

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

Three Months Ended March 31,

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Expected volatility

 

 

50 %

 

 

50 %

 

 

50 %

 

 

50 %

Dividend yield

 

 

0 %

 

 

0 %

 

 

0 %

 

 

0 %

Risk-free interest rate

 

 

1.1 %

 

 

2.2 %

 

 

0.9 %

 

 

2.2 %

Expected term in years

 

 

4.25

 

 

 

4.12

 

 

 

4.25

 

 

 

4.14

 

 

RSUs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

Three Months Ended March 31,

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Expected volatility

 

 

50 %

 

 

50 %

 

 

50 %

 

 

50 %

Dividend yield

 

 

0 %

 

 

0 %

 

 

0 %

 

 

0 %

Risk-free interest rate

 

 

0.9 %

 

 

0.9 %

 

 

0.9 %

 

 

0.9 %

Expected term in years

 

 

0.74

 

 

 

0.60

 

 

 

0.74

 

 

 

0.60