Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.10.0.1
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2018
Stock-Based Compensation [Abstract]  
Summary Of Stock Compensation Expense



 

 

 

 



For the Year Ended
December 31,



2018

2017

Statement of operations line item:

 

 

 

 

General and administrative

$

 883,855 

$

 765,726 

Research and development

 

 344,480 

 

 278,441 



 

 

 

 

Total

$

 1,228,335 

$

 1,044,167 



Schedule Of Assumptions Made In Calculating The Fair Value Of Options



 

 

 

 



 

 

 

 



For the Year Ended December 31,



2018

2017

Black-Scholes assumptions

 

 

 

 

Expected dividend yield

 0 

%

 0 

%

Expected volatility

 69-73 

%

 69-79 

%

Risk-free interest rate

2.3-2.9

%

1.7-2.0

%

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

 1,483,185 

$

 1.60 

 

 

 

Exercised

 -

$

 -

 

 

 

Expired

 (56,000)

$

 14.04 

 

 

 

Cancelled

 (169,695)

$

 3.14 

 

 

 



 

 

 

 

 

 

Outstanding, December 31, 2018

 3,071,721 

$

 3.49 

7.8 years

$

 -

Exercisable, December 31, 2018

 1,493,365 

$

 5.39 

6.2 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

 1,483,185 

$

 1.04 

Vested

 (513,177)

$

 2.67 

Cancelled

 (119,195)

$

 1.49 



 

 

 

Unvested at December 31, 2018

 1,578,356 

$

 1.10 



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

 (18,075)

$

 1.84 

Cancelled

 (12,500)

$

 1.84 



 

 

 

Outstanding, December 31, 2018

 16,725 

$

 1.84