Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation

v3.20.2
Stock-based Compensation
9 Months Ended
Sep. 30, 2020
Share-based Payment Arrangement [Abstract]  
Stock-based Compensation

Note 4 – Stock-based Compensation

 

On August 5, 2020, we granted 324,360 restricted stock awards under the 2019 Omnibus Incentive Plan to our employees and directors, of which restricted stock awards for 214,078 shares of common stock vested on October 6, 2020 when we successfully completed our underwritten public offering, and the remaining 110,282 shares of common stock vest over two years.

 

During the nine months ended September 30, 2019, we granted 129,919 stock options to employees and non-employees under the 2019 Omnibus Incentive Plan. At September 30, 2020, we had outstanding options to purchase 169,329 shares of our common stock, of which options for the purchase of 63,272 shares of our common stock were vested.

 

We recorded stock-based compensation expense for the three and nine months ended September 30, 2020 and 2019 as follows:

 

    Three Months Ended September 30,     Nine Months Ended September 30,  
    2020     2019     2020     2019  
Research and development   $ 40,715     $ 88,707     $ 64,170     $ 92,111  
General and administrative     123,791       180,422       292,869       302,053  
Total   $ 164,507     $ 269,129     $ 357,039     $ 394,164