Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation (Tables)

v3.5.0.2
Stock Based Compensation (Tables)
9 Months Ended
Sep. 30, 2016
Stock-Based Compensation  
Schedule of stock-based compensation expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Three Months Ended

 

Nine Months Ended

 

 

September 30,

 

September 30,

 

 

2016

 

2015

 

2016

 

2015

Research and development

 

$

43,861

 

$

13,986

 

$

95,013

 

$

57,353

General and administrative

 

 

243,913

 

 

15,029

 

 

1,344,181

 

 

263,875

Total stock-based compensation

 

$

287,774

 

$

29,015

 

$

1,439,194

 

$

321,228

 

Summary of option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Outstanding

 

 

 

 

 

 

 

 

 

 

Weighted average

 

 

 

 

 

 

 

Fair value of

 

remaining

 

 

Number of

 

Weighted‑average

 

options

 

contractual term

 

 

shares

 

exercise price

 

granted

 

(in years)

Balance, December 31, 2015

    

959,188

    

$

7.68

    

 

    

    

 

Granted

 

869,253

 

$

3.48

 

$

2,124,922

 

 

Balance, September 30, 2016

 

1,828,441

 

$

5.68

 

 

 

 

8.54

Vested or expected to vest at September 30, 2016

 

1,828,441

 

$

5.68

 

 

 

 

8.54

Exercisable at September 30, 2016

 

657,099

 

$

8.19

 

 

 

 

7.10