Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.19.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2019
Stock-Based Compensation [Abstract]  
Summary Of Stock Compensation Expense



 

 

 

 

 

 

 

 



For the Three Months Ended
June 30,

For the Six Months Ended
June 30,



2019

2018

2019

2018

Statement of operations line item:

 

 

 

 

 

 

 

 

General and administrative

$

119,719 

$

174,589 

$

236,398 

$

391,004 

Research and development

 

7,934 

 

92,562 

 

52,255 

 

172,724 



 

 

 

 

 

 

 

 

Total

$

127,653 

$

267,151 

$

288,653 

$

563,728 



Schedule Of Assumptions Made In Calculating The Fair Value Of Options



 

 

 

 



 

 

 

 



For the Six Months Ended June 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

(67,961)

$

39.02 

 

 

 



 

 

 

 

 

 

Outstanding, June 30, 2019

238,346 

$

34.36 

7.8 years

$

 -

Exercisable, June 30, 2019

119,953 

$

55.44 

6.3 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

(32,503)

$

16.16 

Cancelled

(33,100)

$

12.73 



 

 

 

Unvested at June 30, 2019

118,393 

$

8.52 



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

(659)

$

22.08 



 

 

 

Outstanding, June 30, 2019

271 

$

22.08