Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.7.0.1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2017
Stock-Based Compensation [Abstract]  
Summary Of Stock Compensation Expense



 

 

 

 



For the Three Months Ended March 31,



2017

2016

Statement of operations line item:

 

 

 

 

General and administrative

$

 188,311 

$

 215,327 

Research and development

 

 86,016 

 

 127,684 



 

 

 

 

Total

$

 274,327 

$

 343,011 



Schedule Of Assumptions Made In Calculating The Fair Value Of Options



 

 

 

 



 

 

 

 



Three Months Ended March 31,



2017

2016

Black-Scholes assumptions

 

 

 

 

Expected dividend yield

 0 

%

 0 

%

Expected volatility

 69-70 

%

 32-75 

%

Risk free interest rate

1.9-2.0

%

0.7-1.4

%

Expected term (in years)

6 years

 

2-6 years

 



Summary Of Stock Options Outstanding



 

 

 

 

 

 



 

 

 

 



Number of Options

 

Weighted Average Exercise Price

Weighted Average Remaining Contractual Term

 

Aggregate Intrinsic Value

Outstanding, January 1, 2017

 16,900,415 

$

 0.62 

7.3 years

$

 -

Granted

 3,382,600 

 

 0.19 

 

 

 

Exercised

 -

 

 -

 

 

 

Expired

 -

 

 -

 

 

 

Cancelled

 (1,054,260)

 

 0.38 

 

 

 



 

 

 

 

 

 

Outstanding, March 31, 2017

 19,228,755 

$

 0.56 

7.5 years

$

 2,358,419 

Exercisable, March 31, 2017

 10,251,086 

$

 0.72 

6.1 years

$

 580,035 



Summary Of Unvested Shares



 

 

 



 

 

 



2017



Number of  Options

Weighted Average Fair Value at Grant Date

Unvested at January 1, 2017

 8,971,236 

$

 0.32 

Granted

 3,382,600 

$

 0.12 

Vested

 (2,429,157)

$

 0.36 

Cancelled

 (947,010)

$

 0.22 



 

 

 

Unvested at March 31, 2017

 8,977,669 

$

 0.24 



Summary Of RSU Activity



 

 

 



Number of RSUs

 

Weighted Average Grant Date Fair Value

Outstanding, January 1, 2017

 -

$

 -

Granted

 623,000 

 

 0.18 

Vested and Released

 -

 

 -

Cancelled

 (80,000)

 

 0.18 



 

 

 

Outstanding, March 31, 2017

 543,000 

$

 0.18