Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation (Tables)

v3.5.0.2
Stock Based Compensation (Tables)
6 Months Ended
Jun. 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
June 30,
 
Six Months  Ended
June 30,
 
 
 
2016
 
2015
 
2016
 
2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Research and Development
 
$
140
 
$
86
 
$
271
 
$
288
 
General and Administrative
 
 
261
 
 
315
 
 
523
 
 
446
 
Total
 
$
401
 
$
401
 
$
794
 
$
734
 
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, 2016:
 
 
 
Awards
Reserved
 
 
 
 
 
Awards
 
 
 
for
 
Awards
 
 
Available
 
 
 
Issuance
 
Issued
 
 
for Grant
 
2013 Equity Compensation Plan
 
 
11,828,912
 
 
9,255,393
*
 
 
2,573,519
 
 
* 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 June 30, 2016 (number of options in thousands):
 
 
 
 
 
 
Weighted
 
 
 
Number of
Options
 
average
Exercise Price
 
Outstanding at December 31, 2015
 
 
6,904
 
$
0.93
 
Granted
 
 
1,467
 
 
0.43
 
Exercised
 
 
-
 
 
-
 
Forfeited
 
 
(100)
 
 
0.43
 
Expired
 
 
-
 
 
-
 
Outstanding at June 30, 2016
 
 
8,271
 
$
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 Six Months Ended
June 30,
 
 
 
2016
 
2015
 
Volatility
 
 
68.38 % - 89.15
%
 
91.1
%
Risk-free interest rate
 
 
1.15% - 1.375
%
 
1.34% - 1.85
%
Dividend yield
 
 
0.0
%
 
0.0
%
Expected life
 
 
6.0 years
 
 
4.29 – 6.0 years