Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.3.1.900
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Stock-Based Compensation [Abstract]  
Summary Of Stock Compensation Expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Year Ended December 31,

 

2015

2014

2013

Statement of operations line item:

 

 

 

 

 

 

General and administrative

$

665,063 

$

457,128 

$

503,076 

Research and development

 

372,616 

 

151,667 

 

62,352 

 

 

 

 

 

 

 

Total

$

1,037,679 

$

608,795 

$

565,428 

 

Schedule Of Assumptions Made In Calculating The Fair Value Of Options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

2015

2014

2013

Black-Scholes assumptions

 

 

 

 

 

 

Expected dividend yield

%

%

%

Expected volatility

72-80 

%

92-96 

%

94-96 

%

Risk free interest rate

1.2-1.7

%

1.49-1.75

%

0.75-1.75

%

Expected term (in years)

5-6 years

 

5 years

 

5 years

 

 

Summary Of Employee And Non-Employee Transactions

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of Options

 

Weighted Average Exercise Price

Weighted Average Remaining Contractual Term

 

Aggregate Intrinsic Value

Outstanding, January 1, 2015

11,400,806 

$

0.93 

5.2 years

$

842,300 

Granted

4,201,316 

 

0.69 

 

 

 

Exercised

(889,428)

 

0.80 

 

 

 

Expired

(1,741,879)

 

1.19 

 

 

 

Cancelled

(379,833)

 

0.88 

 

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2015

12,590,982 

$

0.83 

6.8 years

$

26,500 

Exercisable, December 31, 2015

6,702,550 

$

0.91 

5.0 years

$

16,500 

 

Summary Of Unvested Shares

 

 

 

 

 

 

 

 

 

2015

 

Number of  Options

Weighted Average Fair Value at Grant Date

Unvested at January 1, 2015

3,233,499 

$

0.60 

Granted

4,201,316 

$

0.47 

Vested

(1,308,050)

$

0.58 

Cancelled

(238,333)

$

0.57 

 

 

 

 

Unvested at December 31, 2015

5,888,432 

$

0.51