Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation (Tables)

v3.5.0.2
Stock Based Compensation (Tables)
9 Months Ended
Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
The Company recognized stock-based compensation expense (options, and restricted share grants) in its consolidated statements of operations as follows ($ in thousands):
 
 
 
Quarter  Ended
September 30,
 
Nine Months  Ended
September 30,
 
 
 
2016
 
2015
 
2016
 
2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Research and Development
 
$
212
 
$
122
 
$
483
 
$
410
 
General and Administrative
 
 
268
 
 
372
 
 
791
 
 
818
 
Total
 
$
480
 
$
494
 
$
1,274
 
$
1,228
 
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
The following table contains information about the Company’s stock plan at September 30, 2016:
 
 
 
Awards
 
 
 
 
 
 
 
 
 
 
Reserved
 
 
 
 
 
Awards
 
 
 
for
 
Awards
 
 
Available
 
 
 
Issuance
 
Issued
 
 
for Grant
 
2013 Equity Compensation Plan
 
 
11,828,912
 
 
9,305,393
*
 
 
2,523,519
 
 
* includes both stock grants and option grants
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table summarizes the Company’ stock option activity and related information for the period from December 31, 2015 to September 30, 2016 (number of options in thousands):
 
 
 
 
 
 
Weighted
 
 
 
Number of
 
average
 
 
 
Options
 
Exercise Price
 
Outstanding at December 31, 2015
 
 
6,904
 
$
0.93
 
Granted
 
 
1,581
 
 
0.41
 
Exercised
 
 
-
 
 
-
 
Forfeited
 
 
(100)
 
 
0.43
 
Cancelled
 
 
(64)
 
 
0.94
 
Expired
 
 
-
 
 
-
 
Outstanding at September 30, 2016
 
 
8,321
 
$
0.85
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The following weighted-average assumptions were used to calculate share based compensation:
 
 
 
For the Nine months Ended
September 30,
 
 
 
2016
 
 
2015
 
Volatility
 
 
44.72 % - 89.15%
 
 
 
77.1% - 77.3
%
Risk-free interest rate
 
 
1.14 % - 1.42%
 
 
 
1.56% - 1.72
%
Dividend yield
 
 
0.0
%
 
 
0.0
%
Expected life
 
 
6.0 years
 
 
 
4.04 - 6.0 years