5. Equity

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Equity

For the three months ended March 31, 2015, equity related transactions were as follows:

· Costs associated with rights offering. During the three months ended March 31, 2015, Opexa incurred costs of $615,888 associated with the rights offering consisting of legal, accounting, printing, filing fees and other related costs. These costs were recorded as an offset to subsequently received proceeds in connection with the completion of the rights offering (see Note 7).

· Opexa recognized stock based compensation expense of $33,213 related to vested shares of restricted common stock issued to certain members of Opexa’s management and non-employee directors on February 28, 2014.

· On March 31, 2015, 20,454 shares of restricted common stock with an aggregate fair value of $11,250 were issued to certain non-employee directors for service on Opexa’s Board. Opexa recognized stock based compensation of $11,250 related to these shares. The shares vested immediately upon grant.