Quarterly report pursuant to Section 13 or 15(d)

2018 Stock Option and Grant Plan (Tables)

v3.19.3
2018 Stock Option and Grant Plan (Tables)
9 Months Ended
Sep. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity A summary of the stock option activity under the 2018 Plan is presented below:

 

 

Number of

Shares

 

 

Weighted

Average

Exercise Price

 

 

Weighted

Average

Remaining

Contractual

Term (years)

 

 

Aggregate

Intrinsic

Value

 

Outstanding as of January 1, 2019

 

 

971,353

 

 

$

1.01

 

 

 

 

 

$

 

Granted

 

 

988,058

 

 

 

7.11

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(17,000

)

 

 

1.01

 

 

 

 

 

 

 

 

 

Outstanding as of September 30, 2019

 

 

1,942,411

 

 

 

4.11

 

 

 

9.2

 

 

 

10,547

 

Options Exercisable at September 30, 2019

 

 

108,378

 

 

 

2.36

 

 

 

6.2

 

 

 

778

 

 

Summary of Stock-Based Compensation

The Company recognizes stock-based compensation with respect to equity awards under the 2018 Plan and with respect to vesting common stock issued to founders. The Company has recorded stock-based compensation in the accompanying statements of operations as follows:

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Research and development

 

$

365

 

 

$

151

 

 

$

962

 

 

$

252

 

General and administrative

 

 

204

 

 

 

44

 

 

 

519

 

 

 

74

 

Total

 

$

569

 

 

$

195

 

 

$

1,481

 

 

$

326