Processa Pharmaceuticals, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Basis of Presentation and Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Stock-based Compensation - Schedule of Stock Option (Details)

v3.21.1

Stock-based Compensation - Schedule of Stock Option (Details) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Total options Outstanding, Beginning Balance	176,962	54,915
Total options Outstanding, Granted		129,919
Total options Outstanding, Exercised
Total options Outstanding, Forfeited	(24,156)	(7,872)
Total options Outstanding, Ending Balance	152,806	176,962
Total options Outstanding, Exercisable (vested)	106,452
Weighted average exercise price, Beginning balance	$ 17.93	$ 20.45
Weighted average exercise price, Granted		16.80
Weighted average exercise price, Exercised
Weighted average exercise price, Forfeited	16.80	16.80
Weighted average exercise price, Ending balance	18.11	$ 17.93
Weighted average exercise price, Exercisable (vested)	$ 17.92
Weighted average remaining contractual life (in years), Beginning	5 years 9 months 18 days	9 years 9 months 18 days
Weighted average remaining contractual life (in years), Granted		4 years 6 months
Weighted average remaining contractual life (in years), Forfeited	3 years 7 months 28 days	4 years 6 months
Weighted average remaining contractual life (in years), Ending	6 years 1 month 27 days	5 years 9 months 18 days
Weighted average remaining contractual life (in years), Exercisable (vested)	5 years 6 months 18 days

- Definition

Share based compensation arrangement by share based payment award granted options outstanding weighted average remaining contractual term2.

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Share based compensation arrangement by share based payment award options forfeited weighted average remaining contractual term.

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Share based compensation arrangement by share based payment award options granted weighted average remaining contractual term.

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The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan.

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The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan.

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The number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan.

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Number of options outstanding, including both vested and non-vested options.

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Weighted average price at which option holders acquired shares when converting their stock options into shares.

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Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options.

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Weighted average remaining contractual term for vested portions of options outstanding and currently exercisable or convertible, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

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Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

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Number of share options (or share units) exercised during the current period.

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