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Shareholders' Equity (Tables)
6 Months Ended
Jun. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Fair Values of Stock Option Grants Estimated with Weighted Average Assumptions The fair values of our stock option grants were estimated with the following weighted average assumptions:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Dividend yield

 

 

0

%

 

 

0

%

 

 

0

%

 

 

0

%

Expected life

 

5.8 years

 

 

5.2 years

 

 

5.9 years

 

 

5.3 years

 

Expected volatility

 

 

64

%

 

 

55

%

 

 

64

%

 

 

54

%

Risk-free interest rate

 

 

2.2

%

 

 

2.7

%

 

 

2.2

%

 

 

2.5

%

Stock-Based Compensation Expense

 

The impact on our results of operations from stock-based compensation expense was as follows (in thousands, except per share amounts):  

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Cost of revenue — professional engineering service

 

$

3

 

 

$

8

 

 

$

9

 

 

$

19

 

Selling, general and administrative

 

 

10

 

 

 

(80

)

 

 

198

 

 

 

184

 

Research and development

 

 

2

 

 

 

56

 

 

 

(24

)

 

 

112

 

Total stock-based compensation expense

 

$

15

 

 

$

(16

)

 

$

183

 

 

$

315

 

Per diluted share

 

$

-

 

 

$

-

 

 

$

0.01

 

 

$

0.02

 

Summary of Stock Option Activity

The following table summarizes stock option activity under the Plans:

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Remaining

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

 

Contractual Life

 

 

Aggregate

 

 

 

Number of Shares

 

 

Exercise Price

 

 

(in years)

 

 

Intrinsic Value

 

Balance at December 31, 2018

 

 

1,390,012

 

 

$

4.77

 

 

 

6.83

 

 

$

 

Granted

 

 

676,500

 

 

 

1.88

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(181,995

)

 

 

4.85

 

 

 

 

 

 

 

 

 

Expired

 

 

(145,433

)

 

 

4.34

 

 

 

 

 

 

 

 

 

Balance at June 30, 2019

 

 

1,739,084

 

 

$

3.67

 

 

 

6.49

 

 

$

 

Vested and expected to vest at June 30, 2019

 

 

1,502,904

 

 

$

3.91

 

 

 

6.00

 

 

$

 

Exercisable at June 30, 2019

 

 

893,634

 

 

$

4.92

 

 

 

3.72

 

 

$

 

Summary of Certain Additional Information about Stock Options The following table summarizes certain information about stock options:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Weighted average grant-date fair value of options granted during the period

 

$

1.35

 

 

$

1.77

 

 

$

1.88

 

 

$

2.80

 

Options in-the-money (in shares)

 

 

 

 

 

19,550

 

 

 

 

 

 

1,755,762

 

Aggregate intrinsic value of options exercised during the period

 

$

 

 

$

1,578

 

 

$

 

 

$

57,833

 

 

Summary of Restricted Stock Unit Activity

The following table summarizes RSU activity under the Plans:

 

 

 

Number of

 

 

Weighted Average

 

 

 

Shares

 

 

Award Price

 

Unvested at December 31, 2018

 

 

186,516

 

 

$

2.88

 

Granted

 

 

225,693

 

 

 

1.44

 

Vested

 

 

(101,679

)

 

 

2.63

 

Forfeited

 

 

(31,831

)

 

 

4.58

 

Unvested at June 30, 2019

 

 

278,699

 

 

$

1.61

 

Expected to vest after June 30, 2019

 

 

255,877

 

 

$

1.62

 

Summary of Shares of Common Stock Reserved for Future Issuance under Plans

The following table summarizes our shares of common stock reserved for future issuance under the Plans as of June 30, 2019:

 

 

 

June 30, 2019

 

Stock options outstanding

 

 

1,739,084

 

Restricted stock units outstanding

 

 

278,699

 

Stock options and restricted stock units available for future grant

 

 

1,532,966

 

Common stock reserved for future issuance

 

 

3,550,749