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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2019
Employee Benefit Plans  
Assumptions made for the purpose of estimating fair value

 

 

 

 

 

 

 

 

    

2019

    

2018

    

2017

Expected term of options (years)

 

6

 

6

 

6

Risk free interest rate

 

1.52% - 2.53%

 

2.81% - 2.88%

 

1.89% - 2.16%

Volatility

 

69.32% - 87.94%

 

98.31% - 98.89%

 

99.24% - 102.16%

 

Schedule of Share-based Compensation, Stock Options, Activity

A summary of stock option activity for the year December 31, 2019 is as follows (in thousands except share amounts):

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

 

    

Weighted

    

 

 

 

 

 

 

Weighted

 

Average

 

 

 

 

 

 

 

Average

 

Remaining

 

Aggregate

 

 

 

 

Exercise

 

Contractual

 

Intrinsic

 

 

Shares

 

Price

 

Terms

 

Value

Options outstanding at December 31, 2018

 

21,957,150

 

$

2.51

 

7.1

 

$

1,432

Granted

 

3,221,892

 

 

2.40

 

 —

 

 

 —

Exercised

 

(1,151,307)

 

 

1.56

 

 —

 

 

 —

Forfeited

 

(934,195)

 

 

3.50

 

 —

 

 

 —

Expired

 

(79,950)

 

 

9.43

 

 —

 

 

 —

Options outstanding at December 31, 2019

 

23,013,590

 

$

2.48

 

6.6

 

$

22,277

Options exercisable at December 31, 2019

 

16,608,362

 

 

2.57

 

5.8

 

 

16,285

Options unvested at December 31, 2019

 

6,405,228

 

$

2.22

 

8.9

 

$

5,992

 

Nonvested Restricted Stock Shares Activity

A summary of restricted stock activity for the year ended December 31, 2019 is as follows (in thousands except share amounts):

 

 

 

 

 

 

 

 

 

    

 

    

Aggregate

 

 

 

 

 

Intrinsic

 

 

 

Shares

 

Value

 

Unvested restricted stock at December 31, 2018

 

2,347,347

 

$

 —

 

Granted

 

3,201,892

 

 

 —

 

Vested

 

(920,679)

 

 

 —

 

Forfeited

 

(20,000)

 

 

 

 

Unvested restricted stock at December 31, 2019

 

4,608,560

 

$

14,563