Quarterly report pursuant to Section 13 or 15(d)

8. Share-Based Expense

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8. Share-Based Expense
6 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Share-Based Expense
8. Share-Based Expense

 

Total share-based expense related to stock options, restricted stock units (“RSUs”) and common stock awards were approximately $0.1 million and $0.2 million during the three months ended June 30, 2020 and 2019, respectively, and approximately $0.3 million and $0.5 million for the six months ended June 30, 2020 and 2019, respectively.

  

Share-based compensation expense is classified in the condensed consolidated statements of operations as follows:

 

    Three Months Ended June 30,     Six Months Ended June 30,  
    2020     2019     2020     2019  
Research and development expenses   $ 12,936     $ 31,660     $ 26,294     $ 43,078  
General and administrative expenses     98,798       217,494       251,038       440,016  
    $ 111,734     $ 249,154     $ 277,332     $ 483,094  

 

Employee Stock Options

 

There were no employee stock options or RSUs granted or exercised during the six months ended June 30, 2020 and 2019, respectively. The Company recognized a total of $0.1 million and $0.2 million of compensation expense related to employee stock options during the three months ended June 30, 2020 and 2019, respectively, and $0.3 million and $0.5 million during the six months ended June 30, 2020 and 2019, respectively.

 

Non-Employee Stock Options

 

The Company did not grant any non-employee stock options during the six months ended June 30, 2020 and 2019, respectively. The Company recognized approximately $4,000 and $7,000 of expense during the three and six months ended June 30, 2020, respectively. The Company did not recognize any expense related to non-employee stock options during the three and six months ended June 30, 2019, respectively.

 

Common Stock Awards

 

During the three and six months ended June 30, 2019, the Company granted 1,188 and 1,873 common stock awards, respectively, based on the value of the professional services provided and the average stock price during the respective periods. As all services were rendered during the three and six months ended June 30, 2019, approximately $15,000 and $32,000 of expense related to common stock awards was recognized, respectively. There were no common stock awards granted during the three and six months ended June 30, 2020. During the three and six months ended June 30, 2020, the Company issued 1,188 shares related to these awards. As of June 30, 2020, there were 7,406 common stock awards authorized but not issued.