Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.19.3
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2019
Stock-Based Compensation [Abstract]  
Summary Of Stock Compensation Expense



 

 

 

 

 

 

 

 



For the Three Months Ended

September 30,

For the Nine Months Ended

September 30,



2019

2018

2019

2018

Statement of operations line item:

 

 

 

 

 

 

 

 

General and administrative

$

84,378 

$

188,920 

$

320,776 

$

579,924 

Research and development

 

6,317 

 

92,562 

 

58,572 

 

265,286 



 

 

 

 

 

 

 

 

Total

$

90,695 

$

281,482 

$

379,348 

$

845,210 



Schedule Of Assumptions Made In Calculating The Fair Value Of Options



 

 

 

 



 

 

 

 



For the Nine Months Ended September 30,



2019

2018

Black-Scholes assumptions

 

 

 

 

Expected dividend yield

%

%

Expected volatility

74-75 

%

69-72 

%

Risk-free interest rate

1.9-2.6

%

2.3-2.8

%

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, 2019

255,922 

$

41.88 

7.8 years

$

 -

Granted

52,465 

$

6.41 

 

 

 

Exercised

 -

$

 -

 

 

 

Expired

(2,080)

$

97.78 

 

 

 

Cancelled

(86,654)

$

33.71 

 

 

 



 

 

 

 

 

 

Outstanding, September 30, 2019

219,653 

$

36.06 

7.4 years

$

 -

Exercisable, September 30, 2019

122,150 

$

54.95 

6.0 years

$

 -



Summary Of Unvested Shares



 

 

 



 

 

 



2019



Number of  Options

Weighted Average Fair Value at Grant Date

Unvested at January 1, 2019

131,531 

$

13.19 

Granted

52,465 

$

4.20 

Vested

(35,194)

$

16.26 

Cancelled

(51,299)

$

11.47 



 

 

 

Unvested at September 30, 2019

97,503 

$

8.16 



Summary Of RSU Activity



 

 

 



Number of RSUs

 

Weighted Average Grant Date Fair Value

Outstanding, January 1, 2019

1,394 

$

22.08 

Granted

 -

$

 -

Vested and Released

(464)

$

22.08 

Cancelled

(930)

$

22.08 



 

 

 

Outstanding, September 30, 2019

 -

$

 -