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NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2016
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract] |
Basic and diluted net loss per share | Basic and diluted net loss per share were determined as follows:
(in thousands, except share and per share amounts) |  |  |
|  | For the year ended December 31, |
|  | 2016 |  |  | 2015 |
Net loss allocable to common stockholders |  | $ | (21,873 | ) |  | $ | (14,526 | )
Weighted average shares outstanding |  |  | 34,180,253 |  |  |  | 27,597,434 |
Basic and diluted net loss per common share |  | $ | (0.64 | ) |  | $ | (0.53 | )
Net loss allocable to common stockholders |  | $ | (21,873 | ) |  | $ | (14,526 | )
Antidilutive securities excluded from computation of earnings per share | We did not include the following securities in the table below in the computation of diluted net loss per common share because the securities were anti-dilutive during the periods presented:
|  | For the year ended December 31, |
|  | 2016 |  |  | 2015 |
Warrants |  |  | 3,736,617 |  |  |  | 3,799,024 |
Stock options |  |  | 4,771,560 |  |  |  | 2,324,084 |
Total |  |  | 8,508,177 |  |  |  | 6,123,108 |
Stock-based compensation allocation | The following table summarizes stock-based compensation for the years ended December 31, 2016 and 2015 which was allocated as follows (in thousands):
|  | Year ended December 31, 2016 |  |  | Year ended December 31, 2015 |
Research and development |  | $ | 1,219 |  |  | $ | 773 |
General and administrative |  |  | 3,610 |  |  |  | 3,595 |
Stock-based compensation expense included in operating expense |  |  | 4,829 |  |  |  | 4,368 |
Total stock-based compensation expense |  |  | 4,829 |  |  |  | 4,368 |
Tax benefit |  |  | - |  |  |  | - |
Stock-based compensation expense, net of tax |  | $ | 4,829 |  |  | $ | 4,368 |
The following table summarizes restricted stock compensation for the years ended December 31, 2016 and 2015 which was allocated as follows (in thousands):
|  | Year ended December 31, 2016 |  |  | Year ended December 31, 2015 |
Research and development |  | $ | 200 |  |  | $ | 367 |
General and administrative |  |  | 3,232 |  |  |  | 4,485 |
Stock-based compensation expense included in operating expense |  |  | 3,432 |  |  |  | 4,852 |
Total stock-based compensation expense |  |  | 3,432 |  |  |  | 4,852 |
Tax benefit |  |  | - |  |  |  | - |
Stock-based compensation expense, net of tax |  | $ | 3,432 |  |  | $ | 4,852 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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