Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.19.1
STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2019
Stock-based Compensation  
Equity incentive plan
   

Awards Reserved

for Issuance

   

Awards

Issued

   

Awards Available

for Grant

 
                   
2016 Equity Incentive Plan     2,000,000       1,541,064       458,936  
2018 Equity Incentive Plan     6,600,000       5,100,000       1,500,000  
Stock option activity
    Number of
Shares
    Weighted-Average Exercise Price Per Share     Weighted-Average Remaining Contractual Life  

(in thousands)

Aggregate Intrinsic Value of In-the-Money Options

 
                       
                       
Options Outstanding as of January 1, 2019     8,400,629     $ 1.56            
                           
Options Granted     442,292     $ 0.84            
Options Exercised     -     $ -            
Options Forfeited     (80,000 )   $ 2.09            
Options Expired     -     $ -            
Options Outstanding as of March 31, 2019     8,762,921     $ 1.52     9.4 years   $ 35.4  
Options Exercisable as of March 31, 2019     2,623,889     $ 1.77      9.0 years   $ 35.4  
Weighted-average assumptions stock-based compensation
    March 31,  
    2019  
Expected term (years)   5 Years  
Volatility     111.8 %
Risk-Free Interest Rate     2.4 %
Dividend Yield     0 %
Stock-based compensation expense
    (in thousands except for shares / options)  
    For the Three Months Ended  
    March 31, 2019     March 31, 2018  
Type of Award  

Number of

Shares or

Options Granted

    Stock-Based Compensation Expense     Number of Shares or Options Granted     Stock-Based Compensation Expense  
                         
Stock Options     442,292     $ 1,282       800,000     $ 474  
                                 
Stock Grants:                                
Employees (Common Stock)     385,536       315       81,506       288  
Non–Employee Consultants (Common Stock)     26,376       23 *     6,410       17  
                                 
Total Stock–Based Compensation Expense           $ 1,620             $ 779