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Stock-based Compensation (Tables)
9 Months Ended
Sep. 30, 2018
Stock-based Compensation [Abstract]  
Schedule of Allocation of Non-Cash Stock-Based Compensation



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended

 

Nine Months Ended



 

September 30,

 

September 30,



 

2018

 

2017

 

2018

 

2017



 

 

(unaudited)

 

 

(unaudited)

Cost of revenues

 

$

(5)

 

$

6 

 

$

29 

 

$

18 

Research and development

 

 

28 

 

 

25 

 

 

73 

 

 

74 

Selling, general and administrative

 

 

154 

 

 

159 

 

 

410 

 

 

428 

Total stock compensation expense

 

$

177 

 

$

190 

 

$

512 

 

$

520 



Schedule of Key Assumptions of Fair Value of Stock Options Granted



 

 

 

 

 

 



 

 

 

 

 

 



Nine Months Ended



September 30,



2018

 

2017



(unaudited)

Dividend yield

 

0 

 %

 

0 

 %

Risk free interest rates

 

2.16-2.75

 %

 

0.71-1.65

 %

Expected  volatility

 

45.3 to 50.0

 %

 

49.1 to 59.4

 %

Expected term (in years)

 

3.5 to 4.75

 

 

3.5 to 5.0 

 



Schedule of Option Activity







 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Number of
Shares

 

Weighted
Average
Exercise
Price

 

Weighted
Average
Remaining
Contractual
Life (In Years)

 

Aggregate
Intrinsic
Value

Outstanding at December 31, 2017

 

 

4,768,838 

 

$

3.02 

 

 

 

 

 

 

Options granted

 

 

587,350 

 

 

1.70 

 

 

 

 

 

 

Options exercised

 

 

(99,937)

 

 

0.98 

 

 

 

 

 

 

Options forfeited

 

 

(47,000)

 

 

1.78 

 

 

 

 

 

 

Options cancelled or expired

 

 

(250,131)

 

 

4.15 

 

 

 

 

 

 

Outstanding at September 30, 2018

 

 

4,959,120 

 

$

2.86 

 

 

4.04 

 

$

146,325 

Vested or expected to vest at September 30, 2018

(1)

 

4,951,630 

 

$

2.86 

 

 

4.11 

 

$

144,325 

Exercisable at September 30, 2018

 

 

4,584,666 

 

$

2.92 

 

 

3.97 

 

$

144,325 



(1)

The expected to vest options are the result of applying the pre-vesting forfeiture rate assumptions to total unvested options.