Annual report pursuant to Section 13 and 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.21.1
SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The following table presents the weighted-average assumptions used in the Black-Scholes-Merton option pricing model to determine the fair value of stock options and RSUs granted during periods presented:
Year Ended
December 31,
2020		 December 31,
2019
Expected term
0.14 - 5.00
2.79 - 5.00
Risk-free interest rate
0.22 - 0.41%
1.3 - 2.7%
Expected dividend yield
0.0%
0.0%
Expected volatility
85% - 90%
80%
Schedule of Share-based Payment Arrangement, Option, Activity
The following table summarizes the Company’s stock option activity since December 31, 2019:
Stock Options
Weighted-Average
Exercise Price
  
Weighted-Average
Remaining
Contractual
Term (Years)
 Aggregate Intrinsic Value
Balance as at December 31, 2019 1,195,544  $ 14.18  3.21 $ 3,194 
Granted 121,291  $ 6.71  3.64
Exercised (88,706) $ 0.24  —  $ 705 
Forfeited (331,241) $ 11.86  — 
Balance as at December 31, 2020 896,888  $ 5.22  3.96 $ 2,889 
Vested and expected to vest as at December 31, 2020 885,607  $ 5.60  3.97 $ 2,906 
Vested and exercisable as at December 31, 2020 419,498  $ 6.80  3.78 $ 944 
Schedule of Unvested Restricted Stock Units Roll Forward
The following table summarizes the Company’s restricted share unit activity since December 31, 2019:

Restricted Share Units
Weighted-Average
Grant Date Fair Value
Unvested as of December 31, 2019 —  $ — 
Granted 83,715  3.25 
Vested (2,989) 3.25 
Canceled/forfeited (2,092) 3.25 
Unvested as of December 31, 2020 78,634  $ 3.25