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Stock-based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock Option Activity

A summary of activity for the year ended December 31, 2019 and December 31, 2018 is as follows:

 

 

 

Options

 

 

Weighted

Average

Exercise Price

 

Balance as of December 31, 2018

 

 

2,752

 

 

$

4,003.50

 

Granted

 

 

2,800

 

 

$

15.69

 

Expired

 

 

(37

)

 

$

41,692.00

 

Cancelled/forfeited

 

 

(3,650

)

 

$

1,089.35

 

Balance as of December 31, 2019

 

 

1,865

 

 

$

2,968.22

 

Stock Options Vested and Expected to Vest

 

 

 

Options

 

 

Weighted

Average Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Term (years)

 

 

Aggregate

Intrinsic Value

 

Balance as of December 31, 2019

 

 

1,865

 

 

$

2,968.22

 

 

 

7.20

 

 

$

-

 

Vested and expected to vest at December 31, 2019

 

 

1,658

 

 

$

3,286.28

 

 

 

7.10

 

 

$

-

 

Exercisable at December 31, 2019

 

 

1,133

 

 

$

4,729.07

 

 

 

6.50

 

 

$

-

 

 

Weighted-average Assumptions

The fair value of each option awarded during the year ended December 31, 2019 and 2018 was estimated on the date of grant using the Black-Scholes-Merton option valuation model based on the following weighted-average assumptions:

 

 

 

Years ended December 31,

 

 

 

2019

 

 

2018

 

Expected term

 

7.0 years

 

 

7.1 years

 

Risk-free interest rate

 

 

2.41

%

 

 

2.94

%

Volatility

 

 

96.52

%

 

 

92.87

%

Dividends

 

 

 

 

 

 

Resulting weighted average grant date fair value

 

$

0.26

 

 

$

1.74

 

Compensation Cost Recognized for Stock Options

 

 

Years ended December 31,

 

 

 

2019

 

 

2018

 

Total compensation cost for share-based payment

   arrangements recognized in the statement of

   operations (net of tax of $0)

 

$

127

 

 

$

355