Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED COMPENSATION (Tables)

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

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

(in thousands)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Cost of goods sold

 

$ -

 

 

$ -

 

 

$ -

 

 

$ -

 

General and administrative expense

 

 

361

 

 

 

187

 

 

 

986

 

 

 

2,012

 

Total share-based compensation

 

$ 361

 

 

$ 187

 

 

$ 986

 

 

$ 2,012

 

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

 

 

2,330

 

 

 

1.35

 

 

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

Cancelled

 

 

(1,692 )

 

 

1.42

 

 

 

 

 

 

 

 

 

Outstanding-September 30, 2021

 

 

6,898

 

 

$ 0.99

 

 

 

4.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable-September 30, 2021

 

 

1,796

 

 

$ 1.33

 

 

 

1.8

 

 

$ 424

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest-September 30, 2021

 

 

6,898

 

 

$ 0.99

 

 

 

4.5

 

 

$ 1,372

 

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

 

 

(70 )

 

 

1.11

 

Outstanding-September 30, 2021

 

 

1,775

 

 

$ 0.99

 

Schedule of Weighted average assumptions

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Expected volatility

 

 

50 %

 

 

50 %

 

 

50 %

 

 

50 %

Dividend yield

 

 

0 %

 

 

0 %

 

 

0 %

 

 

0 %

Risk-free interest rate

 

 

1.0 %

 

 

0.4 %

 

 

0.9 %

 

 

0.5 %

Expected term in years

 

 

4.25

 

 

 

6.00

 

 

 

4.25

 

 

 

6.00

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

 

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