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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2015
Employee Benefit Plans  
Assumptions made for the purpose of estimating fair value

 

                                                                                                                                                                                    

 

 

2015

 

2014

 

2013

Expected term of options (years)

 

6

 

6

 

6

Risk free interest rate

 

1.52% - 1.87%

 

1.77% - 1.94%

 

0.93% - 1.70%

Volatility

 

104.03% - 105.29%

 

107.17% - 113.92%

 

92.46% - 107.01%

 

Schedule of Share-based Compensation, Stock Options, Activity

 

        A summary of stock option activity for the year December 31, 2015 is as follows (in thousands except share amounts):

                                                                                                                                                                                    

 

 

Shares

 

Weighted
Average Exercise
Price

 

Weighted Average
Remaining
Contractual Terms

 

Aggregate
Instrinsic
Value

 

Options outstanding at December 31, 2014

 

 

8,367,271

 

$

3.94

 

 

8.7

 

 

 

 

Granted

 

 

3,960,000

 

 

2.46

 

 

 

 

 

 

 

Exercised

 

 

(173,334

)

 

0.96

 

 

 

 

 

 

 

Forfeited

 

 

(406,975

)

 

3.18

 

 

 

 

 

 

 

Expired

 

 

(46,176

)

 

59.35

 

 

 

 

 

 

 

​  

​  

​  

​  

Options outstanding at December 31, 2015

 

 

11,700,786

 

$

3.29

 

 

8.3

 

$

3,397

 

​  

​  

​  

​  

​  

​  

​  

​  

Options exercisable at December 31, 2015

 

 

4,273,425

 

 

3.66

 

 

7.2

 

 

3,159

 

Options unvested at December 31, 2015

 

 

7,427,361

 

$

3.08

 

 

9.0

 

 

815

 

 

Nonvested Restricted Stock Shares Activity

 

        A summary of restricted stock activity for the year ended December 31, 2015 is as follows (in thousands except share amounts):

                                                                                                                                                                                    

 

 

Shares

 

Aggregate
Instrinsic
Value

 

Unvested restricted stock at December 31, 2014

 

 

473,336

 

 

 

 

Granted

 

 

 

 

 

 

Vested

 

 

(191,114

)

 

 

 

Forfeited

 

 

(77,778

)

 

 

 

​  

​  

​  

​  

Unvested restricted stock at December 31, 2015

 

 

204,444

 

$

431

 

​  

​  

​  

​  

​  

​  

​  

​