Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.10.0.1
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2018
Stock-Based Compensation [Abstract]  
Summary Of Stock Compensation Expense



 

 

 

 

 

 

 

 



For the Three Months

Ended

September 30,

For the Nine Months Ended

September 30,



2018

2017

2018

2017

Statement of operations line item:

 

 

 

 

 

 

 

 

General and administrative

$

188,920 

$

184,914 

$

579,924 

$

580,812 

Research and development

 

92,562 

 

42,700 

 

265,286 

 

209,194 



 

 

 

 

 

 

 

 

Total

$

281,482 

$

227,614 

$

845,210 

$

790,006 



Schedule Of Assumptions Made In Calculating The Fair Value Of Options



 

 

 

 



 

 

 

 



Nine Months Ended September 30,



2018

2017

Black-Scholes assumptions

 

 

 

 

Expected dividend yield

%

%

Expected volatility

69-72 

%

69-79 

%

Risk-free interest rate

2.3-2.8

%

1.8-2.0

%

Expected term (in years)

5.5-6 years

 

5.5-6 years

 



Summary Of Share-Based Transactions



 

 

 

 

 

 



 

 

 

 



Number of Options

 

Weighted Average Exercise Price

Weighted Average Remaining Contractual Term

 

Aggregate Intrinsic Value

Outstanding, January 1, 2018

1,814,231 

$

5.33 

7.1 years

$

53,883 

Granted

860,307 

$

1.96 

 

 

 

Exercised

 -

$

 -

 

 

 

Expired

(25,000)

$

21.78 

 

 

 

Cancelled

(50,500)

$

5.16 

 

 

 



 

 

 

 

 

 

Outstanding, September 30, 2018

2,599,038 

$

4.06 

7.5 years

$

50,870 

Exercisable, September 30, 2018

1,345,721 

$

5.71 

6.1 years

$

 -



Summary Of Unvested Shares



 

 

 



 

 

 



2018



Number of  Options

Weighted Average Fair Value at Grant Date

Unvested at January 1, 2018

727,543 

$

2.39 

Granted

860,307 

$

1.27 

Vested

(334,533)

$

2.89 

Cancelled

 -

$

 -



 

 

 

Unvested at September 30, 2018

1,253,317 

$

1.49 



Summary Of RSU Activity



 

 

 



Number of RSUs

 

Weighted Average Grant Date Fair Value

Outstanding, January 1, 2018

47,300 

$

1.84 

Granted

 -

$

 -

Vested and Released

(11,825)

$

1.84 

Cancelled

 -

$

 -



 

 

 

Outstanding, September 30, 2018

35,475 

$

1.84