Annual report pursuant to Section 13 and 15(d)

Stock Based Compensation (Tables)

v3.7.0.1
Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 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:
 
 
 
Year  Ended
 
 
 
December 31,
 
 
 
2016
 
2015
 
 
 
 
 
 
 
Research and Development
 
$
554
 
$
528
 
General and Administrative
 
 
965
 
 
1,064
 
Total
 
$
1,519
 
$
1,592
 
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 December 31, 2016:
 
 
 
Awards
 
 
 
 
 
 
 
 
Reserved
 
 
 
 
Awards
 
 
 
for
 
Awards
 
 
Available
 
 
 
Issuance
 
Issued
 
 
for Grant
 
2013 Equity Compensation Plan
 
 
11,829
 
 
9,325
*
 
 
2,504
 
 
* 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 January 1, 2015 to December 31, 2016:
 
 
 
 
 
Weighted
 
Weighted Average
 
 
 
Number of
 
Average
 
Contractual Term
 
 
 
Options
 
Exercise Price
 
In Years
 
Outstanding at January 1, 2015
 
 
5,353
 
$
1.06
 
 
9.1
 
Granted
 
 
1,960
 
 
0.56
 
 
 
 
Exercised
 
 
-
 
 
 
 
 
 
 
Forfeited
 
 
(217)
 
 
0.95
 
 
 
 
Expired
 
 
(193)
 
 
0.89
 
 
 
 
Outstanding at December 31, 2015
 
 
6,903
 
$
0.93
 
 
8.4
 
Granted
 
 
1,631
 
 
0.41
 
 
 
 
Exercised
 
 
-
 
 
-
 
 
 
 
Forfeited
 
 
(180)
 
 
0.66
 
 
 
 
Cancelled
 
 
(64)
 
 
0.94
 
 
 
 
Expired
 
 
-
 
 
-
 
 
 
 
Outstanding at December 31, 2016
 
 
8,290
 
$
0.85
 
 
7.3
 
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 Year Ended
 
 
 
December 31,
 
 
 
2016
 
 
2015
 
Volatility
 
 
44.72 % - 89.15%
 
 
 
71.1% - 102.3 %
 
Risk-free interest rate
 
 
1.14 % - 2.09%
 
 
 
1.34% - 1.74 %
 
Dividend yield
 
 
0.0
%
 
 
0.0
%
Expected life
 
 
6.0 years
 
 
 
6.0 years