Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation (Tables)

v3.7.0.1
Stock Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2017
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 condensed consolidated statements of operations as follows ($ in thousands):
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
June 30,
 
June 30,
 
 
 
2017
 
2016
 
2017
 
2016
 
 
 
 
 
 
 
 
 
 
 
Research and Development
 
$
70
 
$
140
 
$
505
 
$
271
 
General and Administrative
 
 
246
 
 
261
 
 
1183
 
 
523
 
Total
 
$
316
 
$
401
 
$
1688
 
$
794
 
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
 
 
Reserved
 
 
 
Awards
 
 
 
for
 
Awards
 
Available
 
 
 
Issuance
 
Issued
 
for Grant
 
2013 Equity Compensation Plan
 
 
14,155
 
 
12,358
*
 
1,797
 
 
* 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, 2016 to June 30, 2017 (number of options in thousands):
 
 
 
 
 
Weighted
 
 
 
Number of
 
average
 
 
 
Options
 
Exercise Price
 
Outstanding at December 31, 2016
 
 
8,290
 
$
0.93
 
Granted
 
 
2,736
 
 
3.21
 
Outstanding at June 30, 2017
 
 
11,026
 
$
1.44
 
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 and six months ended June 30, 2017 and 2016: 
 
 
 
For the Three Months Ended
 
For the Six Months Ended
 
 
 
June 30,
 
June 30,
 
 
 
2017
 
2016
 
2017
 
2016
 
Volatility
 
 
67.09%-77.56
%
 
68.38% - 89.15
%
 
69.22%-82.26
%
 
68.38%-89.15
%
Risk-free interest rate
 
 
2.015%-2.09
%
 
1.150%-1.375
%
 
1.89%-2.22
%
 
1.15%-1.375
%
Dividend yield
 
 
0.0
%
 
0.0
%
 
0.0
%
 
0.0
%
Expected life
 
 
6.0 years
 
 
6.0 years
 
 
6.0 years
 
 
6.0 years