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COMMON STOCK AND STOCK INCENTIVE PLANS (Tables)
12 Months Ended
Dec. 31, 2018
Summary of the assumptions used in the estimating the fair values of stock-based payment awards excluding non-employee

 

 

Years ended

December 31,

 

Stock Options:

 

2016

 

Expected term in years

 

 

4.75

 

Weighted average risk-free interest rate

 

 

1.30

%

Expected dividend rate

 

 

0.00

%

Volatility

 

 

51.60

%

 

Summary of the stock-based compensation expense recognized in the Company's Consolidated Statement of Operations

 

 

 

Years Ended December 31,

 

 

 

2018

 

 

2017

 

 

2016

 

 

 

(in thousands)

 

Cost of net sales

 

$

66

 

 

$

12

 

 

$

1

 

Selling, general and administrative

 

901

 

 

793

 

 

2,193

 

Research and development

 

130

 

 

61

 

 

44

 

Total

 

$

1,097

 

 

$

866

 

 

$

2,238

 

2017 Equity Incentive Plan  
Summary of stock options activity

 

 

 

 

 

 

 

Weighted

 

 

 

Number of

 

 

average

 

 

 

shares

 

 

exercise

 

 

 

outstanding

 

 

price

 

 

 

(in thousands)

 

 

 

 

Options Outstanding, December 31, 2016

 

 

605

 

 

$

 

2.78

 

Options granted

 

 

 

 

Options exercised

 

 

(52

)

 

2.62

 

Options forfeited or expired

 

 

(309

)

 

3.22

 

Options Outstanding, December 31, 2017

 

 

244

 

 

$

 

2.26

 

Options granted

 

 

 

 

Options exercised

 

 

(35

)

 

2.24

 

Options forfeited or expired

 

 

(3

)

 

4.17

 

Options Outstanding, December 31, 2018

 

 

206

 

 

$

 

2.24

 

 

Summary of unvested restricted awards

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

average

 

 

 

 

 

 

 

grant date

 

 

 

Shares

 

 

fair value

 

 

 

(in thousands)

 

 

 

 

Total nonvested restricted stock at December 31, 2016

 

 

1,438

 

 

$

 

2.28

 

Granted

 

 

76

 

 

2.34

 

Vested

 

 

(364

)

 

2.27

 

Forfeited

 

 

(229

)

 

3.64

 

Total nonvested restricted stock at December 31, 2017

 

 

921

 

 

$

 

1.96

 

Granted

 

 

789

 

 

3.53

 

Vested

 

 

(379

)

 

2.37

 

Forfeited

 

 

(25

)

 

3.33

 

Total nonvested restricted stock at December 31, 2018

 

 

1,306

 

 

$

 

2.77

 

 

Summary of significant ranges of outstanding and exercisable stock options

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares

 

 

Average

 

Weighted

 

 

Number of shares

 

 

Weighted

 

Range of

 

 

Outstanding

 

 

Remaining

 

Average

 

 

Exercisable

 

 

Average

 

Exercise Prices

 

 

as of 12/31/2018

 

 

Contractual Term

 

Exercise Price

 

 

as of 12/31/2018

 

 

Exercise Price

 

$

2.24

 

 

$

2.24

 

 

 

206,450

 

 

4.08

 

$

2.24

 

 

 

73,150

 

 

$

2.24

 

 

 

 

 

Number of

shares

 

 

Weighted

average

exercise price

 

Options exercisable as of December 31, 2018

 

 

73,150

 

 

$

2.24

 

Options vested and expected to vest as of December 31, 2018

 

 

206,450

 

 

$

2.24