Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED COMPENSATION (Tables)

v3.3.0.814
STOCK BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 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 condensed consolidated statements of operations as follows ($ in thousands):
 
 
 
Three Months Ended
 
Nine  Months Ended
 
 
 
September 30,
 
September 30,
 
 
 
2015
 
2014
 
2015
 
2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Research and development
 
$
122
 
$
223
 
$
410
 
$
330
 
General and administrative
 
 
372
 
 
677
 
 
818
 
 
1,117
 
Total
 
$
494
 
$
900
 
$
1,228
 
$
1,447
 
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, 2015:
 
 
 
Awards
 
 
 
 
 
 
 
 
Reserved
 
 
 
 
Awards
 
 
 
for
 
Awards
 
 
Available
 
 
 
Issuance
 
Issued
 
 
for Grant
 
2013 Equity Compensation Plan
 
9,541,706
 
7,678,009
*
 
1,863,697
 
 
 
 
 
 
 
 
 
 
  * 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 September 30, 2015:
 
 
 
 
 
 
Weighted
 
 
 
 
Number of
 
average
 
 
 
 
Options
 
Exercise Price
 
 
 
 
 
 
 
 
 
Outstanding at December 31, 2014
 
 
5,353,417
 
$
1.05
 
Granted
 
 
1,998,888
 
 
.95
 
Exercised
 
 
-
 
 
-
 
Forfeited
 
 
(119,862)
 
 
.96
 
Canceled
 
 
(153,749)
 
 
.76
 
Outstanding at September 30, 2015
 
 
7,078,694
 
$
0.93