Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

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



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



For the Three Months Ended September 30,

For the Nine Months Ended September 30,



2016

2015

2016

2015

Statement of operations line item:

 

 

 

 

 

 

 

 

General and administrative

$

232,951 

$

127,203 

$

673,064 

$

492,908 

Research and development

 

136,451 

 

98,113 

 

390,525 

 

276,760 



 

 

 

 

 

 

 

 

Total

$

369,402 

$

225,316 

$

1,063,589 

$

769,668 



Schedule Of Assumptions Made In Calculating The Fair Value Of Options



 

 

 

 



 

 

 

 



Nine Months Ended September 30,



2016

2015

Black-Scholes assumptions

 

 

 

 

Expected dividend yield

%

%

Expected volatility

31-75 

%

72-80 

%

Risk free interest rate

0.8-1.4

%

1.2-1.7

%

Expected term (in years)

2-6 years

 

5-6 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

5,876,391 

 

0.32 

 

 

 

Exercised

 -

 

 -

 

 

 

Expired

(610,000)

 

1.20 

 

 

 

Cancelled

(83,333)

 

0.51 

 

 

 



 

 

 

 

 

 

Outstanding, September 30, 2016

17,774,040 

$

0.65 

7.4 years

$

 -

Exercisable, September 30, 2016

8,530,929 

$

0.82 

5.7 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

5,876,391 

$

0.20 

Vested

(2,476,504)

$

0.46 

Cancelled

(45,208)

$

0.35 



 

 

 

Unvested at September 30, 2016

9,243,111 

$

0.33