Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.6.0.2
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2016
Stock-Based Compensation [Abstract]  
Summary Of Stock Compensation Expense



 

 

 

 

 

 



 

 

 

 

 

 



 

 

 

 

 

 



For the Year Ended December 31,



2016

2015

2014

Statement of operations line item:

 

 

 

 

 

 

General and administrative

$

 905,911 

$

 665,063 

$

 457,128 

Research and development

 

 503,577 

 

 372,616 

 

 151,667 



 

 

 

 

 

 

Total

$

 1,409,488 

$

 1,037,679 

$

 608,795 



Schedule Of Assumptions Made In Calculating The Fair Value Of Options



 

 

 

 

 

 



 

 

 

 

 

 



Year Ended December 31,

 



2016

2015

2014

Black-Scholes assumptions

 

 

 

 

 

 

Expected dividend yield

 0 

%

 0 

%

 0 

%

Expected volatility

 31-75 

%

 72-80 

%

 92-96 

%

Risk free interest rate

0.8-1.4

%

1.2-1.7

%

1.5-1.8

%

Expected term (in years)

2-6 years

 

5-6 years

 

5 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

 5,926,391 

 

 0.31 

 

 

 

Exercised

 -

 

 -

 

 

 

Expired

 (730,000)

 

 1.37 

 

 

 

Cancelled

 (886,958)

 

 0.89 

 

 

 



 

 

 

 

 

 

Outstanding, December 31, 2016

 16,900,415 

$

 0.62 

7.3 years

$

 -

Exercisable, December 31, 2016

 7,929,179 

$

 0.78 

5.8 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

 5,926,391 

$

 0.20 

Vested

 (2,625,254)

$

 0.46 

Cancelled

 (218,333)

$

 0.41 



 

 

 

Unvested at December 31, 2016

 8,971,236 

$

 0.32