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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Fair Value of Employee and Director Stock Options Estimated Using Weighted Average Assumptions

The fair value of employee and director stock options was estimated at the date of grant using a Black-Scholes option valuation model with the weighted average assumptions below.

 

 

 

Three Months Ended

September 30

 

 

Nine Months Ended

September 30

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Expected term (in years)

 

 

6.1

 

 

 

6.1

 

 

 

6.1

 

 

 

6.1

 

Expected volatility

 

 

46.9

%

 

 

60.0

%

 

 

52.1

%

 

 

60.0

%

Risk-free interest rate

 

 

1.94

%

 

 

1.28

%

 

 

2.07

%

 

 

1.45

%

Dividend yield

 

 

0.0

%

 

 

0.0

%

 

 

0.0

%

 

 

0.0

%

 

Summary of Total Stock-Based Compensation Expense Included in Statements of Operations and Comprehensive Loss

The following table summarizes the total stock-based compensation expense included in the statements of operations and comprehensive loss for all periods presented (in thousands):

 

 

 

Three Months Ended

September 30

 

 

Nine Months Ended

September 30

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Cost of revenue

 

$

36

 

 

$

3

 

 

$

112

 

 

$

8

 

Research and development

 

 

446

 

 

 

34

 

 

 

1,198

 

 

 

103

 

Selling, general and administrative

 

 

2,249

 

 

 

364

 

 

 

5,714

 

 

 

1,140

 

Total stock-based compensation expense

 

$

2,731

 

 

$

401

 

 

$

7,024

 

 

$

1,251