Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation (Tables)

v3.4.0.3
Stock Based Compensation (Tables)
 3 Months Ended
Mar. 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 ($ in thousands):
 
 
 
Quarter  Ended
 
 
 
March 31,
 
 
 
2016
 
2015
 
 
 
 
 
 
 
Research and Development
 
$
131
 
$
202
 
General and Administrative
 
 
262
 
 
131
 
Total
 
$
393
 
$
333
 
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 March 31, 2016:
 
 
 
Awards
 
 
 
 
 
 
 
Reserved
 
 
 
Awards
 
 
 
for
 
Awards
 
Available
 
 
 
Issuance
 
Issued
 
for Grant
 
2013 Equity Compensation Plan
 
 
11,828,912
 
 
9,265,393
*
 
2,563,519
 
 
* 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 March 31, 2016 (number of options in thousands):
 
 
 
 
 
Weighted
 
 
 
Number of
 
average
 
 
 
Options
 
Exercise Price
 
Outstanding at December 31, 2015
 
 
6,904
 
$
0.93
 
Granted
 
 
1,377
 
 
0.43
 
Exercised
 
 
-
 
 
-
 
Forfeited
 
 
-
 
 
-
 
Expired
 
 
-
 
 
-
 
Outstanding at March 31, 2016
 
 
8,281
 
$
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 Three Months Ended
 
 
 
March 31,
 
 
 
2016
 
 
2015
 
Volatility
 
 
87.24 % - 89.15
%
 
 
94.69
%
Risk-free interest rate
 
 
1.22 % - 1.375
%
 
 
1.65% - 1.93
%
Dividend yield
 
 
0.0
%
 
 
0.0
%
Expected life
 
 
6.0 years
 
 
 
4.75 - 5.5 years