Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.4.0.3
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2016
Stock-Based Compensation [Abstract]  
Summary Of Stock Compensation Expense



 

 

 

 



 

 

 

 



 

 

 

 



For the Three Months Ended March 31,



2016

2015

Statement of operations line item:

 

 

 

 

General and administrative

$

 215,327 

$

 190,039 

Research and development

 

 127,684 

 

 82,347 



 

 

 

 

Total

$

 343,011 

$

 272,386 



Schedule Of Assumptions Made In Calculating The Fair Value Of Options



 

 

 

 



 

 

 

 



Three Months Ended March 31,



2016

2015

Black-Scholes assumptions

 

 

 

 

Expected dividend yield

 0 

%

 0 

%

Expected volatility

 32-75 

%

 79-80 

%

Risk free interest rate

0.7-1.4

%

1.3-1.6

%

Expected term (in years)

2-6 years

 

6 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, 2016

 12,590,982 

$

 0.83 

6.8 years

$

 26,500 

Granted

 3,337,090 

 

 0.35 

 

 

 

Exercised

 -

 

 -

 

 

 

Expired

 -

 

 -

 

 

 

Cancelled

 -

 

 -

 

 

 



 

 

 

 

 

 

Outstanding, March 31, 2016

 15,928,072 

$

 0.73 

7.2 years

$

 10,600 

Exercisable, March 31, 2016

 8,040,304 

$

 0.88 

5.3 years

$

 10,600 



Summary Of Unvested Shares



 

 

 



 

 

 



2016



Number of  Options

Weighted Average Fair Value at Grant Date

Unvested at January 1, 2016

 5,888,432 

$

 0.51 

Granted

 3,337,090 

$

 0.22 

Vested

 (1,337,754)

$

 0.50 

Cancelled

 -

$

 -



 

 

 

Unvested at March 31, 2016

 7,887,768 

$

 0.39