Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.8.0.1
Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2017
Stock-Based Compensation [Abstract]  
Summary Of Stock Compensation Expense



 

 

 

 

 

 

 

 



For the Three Months Ended September 30,

For the Nine Months Ended September 30,



2017

2016

2017

2016

Statement of operations line item:

 

 

 

 

 

 

 

 

General and administrative

$

 184,914 

$

 232,951 

$

 580,812 

$

 673,064 

Research and development

 

 42,700 

 

 136,451 

 

 209,194 

 

 390,525 



 

 

 

 

 

 

 

 

Total

$

 227,614 

$

 369,402 

$

 790,006 

$

 1,063,589 



Schedule Of Assumptions Made In Calculating The Fair Value Of Options



 

 

 

 



 

 

 

 



Nine Months Ended September 30,



2017

2016

Black-Scholes assumptions

 

 

 

 

Expected dividend yield

 0 

%

 0 

%

Expected volatility

 69-79 

%

 31-75 

%

Risk free interest rate

1.8-2.0

%

0.8  -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

 483,260 

$

 2.37 

 

 

 

Exercised

 (25,000)

$

 3.10 

 

 

 

Expired

 (15,000)

$

 16.07 

 

 

 

Cancelled

 (302,854)

$

 5.00 

 

 

 



 

 

 

 

 

 

Outstanding, September 30, 2017

 1,830,443 

$

 5.35 

7.4 years

$

 194,644 

Exercisable, September 30, 2017

 1,068,630 

$

 6.60 

6.3 years

$

 -



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

 483,260 

$

 1.53 

Vested

 (458,968)

$

 3.12 

Cancelled

 (159,602)

$

 2.27 



 

 

 

Unvested at September 30, 2017

 761,813 

$

 2.41 



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

 (15,000)

$

 1.84 



 

 

 

Outstanding, September 30, 2017

 47,300 

$

 1.84