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Stock-based compensation (Tables)
9 Months Ended
Sep. 30, 2015
Stock-based compensation  
Summary of the Company's stock option activity

 

 

Shares

 

Weighted-
Average 
Exercise Price

 

Weighted-
Average 
Remaining 
Contractual 
Term (years)

 

Agregate 
Intrinsic Value 
(in thousands)

 

Outstanding at December 31, 2014

 

1,226,140

 

$

4.14

 

8.15

 

$

6,579

 

Granted

 

550,797

 

11.69

 

 

 

 

 

Exercised

 

(25,045

)

2.05

 

 

 

 

 

Cancelled or forfeited

 

(39,881

)

5.46

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2015

 

1,712,011

 

$

6.57

 

8.11

 

$

4,560

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at September 30, 2015

 

755,860

 

$

3.27

 

6.89

 

$

3,659

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested or expected to vest at September 30, 2015

 

1,586,233

 

$

6.30

 

8.02

 

$

4,489

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of stock-based compensation expense

 

Total stock-based compensation expense is recognized for stock options granted to employees and non-employees and has been reported in the Company’s statements of operations as follows (in thousands):

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

$

173 

 

$

100 

 

$

505 

 

$

289 

 

General and administrative

 

315 

 

132 

 

638 

 

316 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

488 

 

$

232 

 

$

1,143 

 

$

605