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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Allocated Stock-based Compensation Expense
The following table summarizes the components of stock-based compensation expense in the consolidated statements of operations for the years ended December 31, 2018 and 2017, respectively (in thousands):

 
Years Ended December 31,
 
2018
 
2017
Research and development
$
77

 
$
729

General and administrative
318

 
2,440

Total stock-based compensation
$
395

 
$
3,169

Assumptions for Option Grants Issued
The Company uses the Black-Scholes option-pricing model and the following assumptions were used to determine the weighted average fair value of all its stock options granted during the year ended December 31, 2018:

Risk free interest rate
2.73
%
Volatility
80.83
%
Expected lives (years)
6.20

Expected dividend yield
%
Stock Option Activity
The following table summarizes stock option activity of the Company for the year ended December 31, 2018:

 
Total
Number of
Shares
(In Thousands)
 
Weighted
Average
Exercise
Price
 
Weighted Average Remaining Contractual Term (in years)
 
Aggregate
Intrinsic
Value
(In Thousands)
Outstanding at January 1, 2018
10

 
$
1,240.55

 
1.00
 
$

Granted
483

 
5.24

 
 
 

Canceled
(98
)
 
5.30

 
 
 
$

Outstanding at December 31, 2018
395

 
$
37.09

 
9.01
 
$

Options exercisable at December 31, 2018
53

 
$
241.17

 
7.63
 
$