Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED COMPENSATION (Tables)

v3.2.0.727
STOCK BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2015
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 in its consolidated statements of operations as follows ($ in thousands):
 
 
 
Three Months Ended
 
Six  Months Ended
 
 
 
June 30,
 
June 30,
 
 
 
2015
 
2014
 
2015
 
2014
 
 
 
 
 
 
 
 
 
 
 
Research and Development
 
$
86
 
$
55
 
$
288
 
$
108
 
General and Administrative
 
 
315
 
 
219
 
 
446
 
 
440
 
Total
 
$
401
 
$
274
 
$
734
 
$
548
 
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 June 30, 2015:
 
 
 
Awards
 
 
 
 
 
 
Reserved
 
 
 
Awards
 
 
 
for
 
Awards
 
 
Available
 
 
 
Issuance
 
Issued
 
 
for Grant
 
2013 Equity Compensation Plan
 
 
9,541,706
 
 
7,115,031
*
 
 
2,426,675
 
 
* includes both stock grants and option grants
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table summarizes the Company’s stock option activity and related information for the period from December 31, 2014 to June 30, 2015: 
 
 
 
 
 
 
Weighted
 
 
 
Number of
 
average
 
 
 
Options
 
Exercise Price
 
 
 
 
 
 
 
 
Outstanding at December 31, 2014
 
 
5,353,417
 
$
1.05
 
Granted
 
 
1,630,000
 
 
-
 
Exercised
 
 
-
 
 
-
 
Forfeited
 
 
(113,195)
 
 
-
 
Canceled
 
 
(114,861)
 
$
 
 
Outstanding at June 30, 2015
 
 
6,755,361
 
$
0.93