Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.19.2
STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2019
STOCK-BASED COMPENSATION (Tables)  
Equity incentive plan

 

 

 

 

Awards Reserved

for Issuance

 

Awards

Outstanding

 

Awards

Available for Grant

 

2016 Equity Incentive Plan

 

2,000,000

 

1,461,064

 

538,936

 

2018 Equity Incentive Plan

 

15,000,000

 

9,800,818

 

5,199,182

 

Stock option activity

 

 

 

 

(in thousands)

 

Number of Shares

 

Weighted-Average Exercise Price Per Share

 

Weighted-Average Remaining Contractual Life

 

Aggregate Intrinsic Value of In-the-Money Options

 

Options Outstanding as of January 1, 2019

 

8,400,629

 

$

1.56

 

Options Granted

 

4,000,818

 

$

0.62

 

Options Exercised

 

-

 

$

-

 

Options Forfeited

 

(80,000

)

 

$

2.09

 

Options Expired

 

-

 

$

-

 

Options Outstanding as of June 30, 2019

 

12,321,447

 

$

1.25

 

9.4 years

 

$

-

 

Options Exercisable as of June 30, 2019

 

3,285,156

 

$

1.71

 

9.0 years

 

$

-

 

Weighted-average assumptions stock-based compensation

 

 

 

 

June 30,

 

June 30,

 

2019

 

2018

 

Expected term (years)

 

6 Years

 

6.5 Years

 

Volatility

 

115.7

%

 

126.9-128.0%

 

Risk-Free Interest Rate

 

1.9

%

 

2.5-2.8%

 

Dividend Yield

 

0

%

 

0

%

 

Stock-based compensation expense

 

 

(in thousands except for shares / options)

 

For the Three Months Ended

 

June 30, 2019

 

June 30, 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

 

3,520,000

 

$

954

 

66,667

 

$

481

 

Stock Grants:

 

Employees (Common Stock)

 

87,798

 

75

 

91,888

 

265

 

NonEmployee Consultants (Common Stock)

 

40,000

 

36

*

 

37,872

 

107

 

Total Stock-Based Compensation Expense

 

$

1,065

 

$

853

 

* Excludes adjustments for shares cancelled.

 

 

For the Six Months Ended

 

June 30, 2019

 

June 30, 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

 

4,000,818

 

$

2,236

 

866,667

 

$

955

 

Stock Grants:

 

Employees (Common Stock)

 

473,334

 

390

 

173,394

 

553

 

NonEmployee Consultants (Common Stock)

 

66,376

 

59

 

44,282

 

124

 

Total Stock-Based Compensation Expense

 

$

2,685

 

$

1,632