Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.10.0.1
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2018
Stock-Based Compensation [Abstract]  
Summary Of Stock Compensation Expense



 

 

 

 

 

 

 

 



For the Three Months

Ended

June 30,

For the Six Months Ended
June 30,



2018

2017

2018

2017

Statement of operations line item:

 

 

 

 

 

 

 

 

General and administrative

$

 174,589 

$

 207,587 

$

 391,004 

$

 395,898 

Research and development

 

 92,562 

 

 80,478 

 

 172,724 

 

 166,494 



 

 

 

 

 

 

 

 

Total

$

 267,151 

$

 288,065 

$

 563,728 

$

 562,392 



Schedule Of Assumptions Made In Calculating The Fair Value Of Options



 

 

 

 



 

 

 

 



Six Months Ended June 30,



2018

2017

Black-Scholes assumptions

 

 

 

 

Expected dividend yield

 0 

%

 0 

%

Expected volatility

 69-72 

%

 69-79 

%

Risk-free interest rate

2.3-2.8

%

1.8-2.0

%

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

 860,307 

$

 1.96 

 

 

 

Exercised

 -

$

 -

 

 

 

Expired

 (10,000)

$

 32.40 

 

 

 

Cancelled

 -

$

 -

 

 

 



 

 

 

 

 

 

Outstanding, June 30, 2018

 2,664,538 

$

 4.14 

7.7 years

$

 -

Exercisable, June 30, 2018

 1,318,867 

$

 5.89 

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

 860,307 

$

 1.27 

Vested

 (242,179)

$

 2.85 

Cancelled

 -

$

 -



 

 

 

Unvested at June 30, 2018

 1,345,671 

$

 1.59 



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

 (11,825)

$

 1.84 

Cancelled

 -

$

 -



 

 

 

Outstanding, June 30, 2018

 35,475 

$

 1.84