Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.5.0.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2016
Stock-Based Compensation [Abstract]  
Summary Of Stock Compensation Expense



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



For the Three Months Ended June 30,

For the Six Months Ended June 30,



2016

2015

2016

2015

Statement of operations line item:

 

 

 

 

 

 

 

 

General and administrative

$

224,786 

$

175,666 

$

440,113 

$

365,705 

Research and development

 

126,390 

 

96,300 

 

254,074 

 

178,647 



 

 

 

 

 

 

 

 

Total

$

351,176 

$

271,966 

$

694,187 

$

544,352 



Schedule Of Assumptions Made In Calculating The Fair Value Of Options



 

 

 

 



 

 

 

 



Six Months Ended June 30,



2016

2015

Black-Scholes assumptions

 

 

 

 

Expected dividend yield

%

%

Expected volatility

32-75 

%

77-80 

%

Risk free interest rate

0.6-1.4

%

1.3-1.7

%

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

4,487,090 

 

0.33 

 

 

 

Exercised

 -

 

 -

 

 

 

Expired

(610,000)

 

1.20 

 

 

 

Cancelled

(83,333)

 

0.51 

 

 

 



 

 

 

 

 

 

Outstanding, June 30, 2016

16,384,739 

$

0.68 

7.4 years

$

 -

Exercisable, June 30, 2016

8,120,929 

$

0.82 

5.8 years

$

 -



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

4,487,090 

$

0.21 

Vested

(2,066,504)

$

0.45 

Cancelled

(45,208)

$

0.35 



 

 

 

Unvested at June 30, 2016

8,263,810 

$

0.36