Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.7.0.1
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2017
Stock-Based Compensation [Abstract]  
Summary Of Stock Compensation Expense



 

 

 

 

 

 

 

 



For the Three Months Ended June 30,

For the Six Months Ended June 30,



2017

2016

2017

2016

Statement of operations line item:

 

 

 

 

 

 

 

 

General and administrative

$

 207,587 

$

 224,786 

$

 395,898 

$

 440,113 

Research and development

 

 80,478 

 

 126,390 

 

 166,494 

 

 254,074 



 

 

 

 

 

 

 

 

Total

$

 288,065 

$

 351,176 

$

 562,392 

$

 694,187 



Schedule Of Assumptions Made In Calculating The Fair Value Of Options



 

 

 

 



 

 

 

 



Six Months Ended June 30,



2017

2016

Black-Scholes assumptions

 

 

 

 

Expected dividend yield

 0 

%

 0 

%

Expected volatility

 69-79 

%

 32-75 

%

Risk free interest rate

1.8-2.0

%

0.6-1.4

%

Expected term (in years)

5.5-6 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

 1,690,037 

$

 6.20 

7.3 years

$

 -

Granted

 393,260 

 

 2.46 

 

 

 

Exercised

 (25,000)

 

 3.10 

 

 

 

Expired

 (15,000)

 

 16.07 

 

 

 

Cancelled

 (105,426)

 

 3.77 

 

 

 



 

 

 

 

 

 

Outstanding, June 30, 2017

 1,937,871 

$

 5.54 

7.4 years

$

 342,455 

Exercisable, June 30, 2017

 1,120,784 

$

 6.73 

6.3 years

$

 6,858 



Summary Of Unvested Shares



 

 

 



 

 

 



2017



Number of  Options

Weighted Average Fair Value at Grant Date

Unvested at January 1, 2017

 897,123 

$

 3.21 

Granted

 393,260 

$

 1.58 

Vested

 (378,594)

$

 3.06 

Cancelled

 (94,702)

$

 2.15 



 

 

 

Unvested at June 30, 2017

 817,087 

$

 2.63 



Summary Of RSU Activity



 

 

 



Number of RSUs

 

Weighted Average Grant Date Fair Value

Outstanding, January 1, 2017

 -

$

 -

Granted

 62,300 

 

 1.84 

Vested and Released

 -

 

 -

Cancelled

 (8,000)

 

 1.84 



 

 

 

Outstanding, June 30, 2017

 54,300 

$

 1.84