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Stock Options (Tables)
3 Months Ended
Mar. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Outstanding Stock Option Activity

The following table summarizes the outstanding stock option activity during the periods indicated:

 

 

 

Number

of shares

 

 

Weighted

average

exercise

price

 

 

Weighted

average

remaining contractual term

 

Balance at December 31, 2015

 

 

756,692

 

 

 

2.10

 

 

 

7.60

 

Granted

 

 

359,319

 

 

 

2.60

 

 

 

9.40

 

Exercised

 

 

(58,155

)

 

 

2.36

 

 

 

3.50

 

Expired/Forefeited

 

 

(17,469

)

 

 

2.13

 

 

 

2.60

 

Balance at December 31, 2016

 

 

1,040,387

 

 

 

2.25

 

 

 

7.80

 

Granted

 

 

4,995

 

 

15.85

 

 

 

9.80

 

Exercised

 

 

(155,520

)

 

2.08

 

 

 

6.05

 

Balance at March 31, 2017

 

 

889,862

 

 

2.36

 

 

7.82

 

Vested and exercisable at March 31, 2017

 

 

494,408

 

 

2.07

 

 

7.01

 

Vested and expected to vest at March 31, 2017

 

 

889,862

 

 

2.36

 

 

7.82