XML 27 R13.htm IDEA: XBRL DOCUMENT v3.5.0.2
STOCK-BASED COMPENSATION
 9 Months Ended
Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
STOCK-BASED COMPENSATION
Note 7:
STOCK-BASED COMPENSATION
 
The following table summarizes the components of stock-based compensation expense in the condensed consolidated statements of operations for the three and nine months ended September 30, 2016 and 2015, respectively:
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
 
2016
 
2015
 
2016
 
2015
 
Research and development
 
$
-
 
$
-
 
$
-
 
$
-
 
General and administrative
 
 
573,137
 
 
13,244
 
 
1,309,109
 
 
261,805
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total stock-based compensation
 
$
573,137
 
$
13,244
 
$
1,309,109
 
$
261,805
 
 
Stock Options
 
A summary of the Company’s stock option activity is as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted Average
 
Weighted Average
 
 
 
 
 
 
 
 
Exercise Price
 
Remaining
 
Aggregate
 
 
 
Stock Options
 
per Share
 
Contractual Life
 
Intrinsic Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding as of December 31, 2015
 
 
298,679
 
$
9.25
 
 
9.75
 
$
177,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Granted
 
 
135,000
 
 
6.00
 
 
 
 
 
 
 
Exercised
 
 
-
 
 
-
 
 
 
 
 
 
 
Forfeited/Cancelled
 
 
(1,667)
 
 
228.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding as of September 30, 2016
 
 
432,013
 
$
7.25
 
 
9.25
 
$
271,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable as of September 30, 2016
 
 
262,395
 
$
8.00
 
 
9.00
 
$
174,000
 
  
Total stock-based compensation cost related to unvested awards not yet recognized and the weighted average periods over which the awards are expected to be recognized as of September 30, 2016 are as follows:
 
Unrecognized stock-based compensation cost:
 
$
1,081,000
 
Expected weighted average period compensation costs to be recognized (years):
 
 
1.75