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Stock-based compensation (Tables)
9 Months Ended
Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of stock option activity
The following table summarizes stock option activity for employees and non-employees for the nine months ended September 30, 2016:
 
 
Shares
 
Weighted-Average
Exercise Price
 
Weighted-Average
Remaining
Contractual
Term (in years)
 
Aggregate
Intrinsic
Value
Outstanding at December 31, 2015
1,824,973

 
$
8.34

 
 
 
 
Granted
759,820

 
10.04

 
 
 
 
Exercised
(8,516
)
 
2.59

 
 
 
 
Cancelled or forfeited
(256,030
)
 
11.99

 
 
 
 
Outstanding at September 30, 2016
2,320,247

 
$
8.51

 
8.37
 
$
9,167,034

Exercisable at September 30, 2016
773,252

 
$
7.31

 
8.05
 
$
4,216,112

Vested or expected to vest at September 30, 2016
2,161,668

 
$
8.69

 
7.99
 
$
8,229,864

Summary of stock-based compensation expense
Total stock-based compensation expense recognized for employee and non-employee restricted common stock, and stock options granted to employees and non-employees is included in the Company's condensed consolidated statement of operations as follows:
 
 
Three Months Ended September 30, 2016

Three Months Ended September 30, 2015
 
Nine Months Ended September 30, 2016
 
Nine Months Ended September 30, 2015
Research and development
$
783,603

 
$
617,476

 
$
2,063,764

 
$
2,429,769

Selling, general and administrative
1,076,985

 
889,203

 
3,303,306

 
2,463,229

Total
$
1,860,588

 
$
1,506,679

 
$
5,367,070

 
$
4,892,998