Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2017

Equity [Abstract]

Summary of Allocated Stock-based Compensation Expense

The Company’s stock-based compensation expense is allocated between research and development and selling, general and administrative as follows:

	Three months ended,				Six months ended,
Stock-based compensation expense	June 30, 2017		June 30, 2016		June 30, 2017		June 30, 2016
Research and Development	$	0.4	$	0.5	$	0.8	$	1.6
Selling, General and Administrative	$	2.5	$	2.9	$	5.2	$	5.9

Weighted Average for Key Assumptions Used in Determining Fair Value of Options Granted

The weighted average for key assumptions used in determining the fair value of options granted during the six months ended June 30, 2017 follows:

Expected price volatility	78.25% - 78.64%
Risk-free interest rate	1.82% - 2.01%
Weighted average expected life in years	6 years
Dividend yield	—

Summary of Stock Option Activity

Option activity during the six months ended June 30, 2017 was as follows:

	Number of Shares			Weighted Average Exercise Price Per Share		Aggregate Intrinsic Value
Outstanding at January 1, 2017		3,468,991		$	4.14
Granted in 2017
Officers and Directors		—			—
Others		807,503			1.90
Exercised		—			—
Forfeitures		(1,011,979	)		6.07
Outstanding at June 30, 2017		3,267,515		$	2.99	$	1,277

Summary of Restricted Stock Activity

	Number of Restricted Shares			Weighted Average Fair Market Value Per RSU
Outstanding at January 1, 2017		4,584,297		$	7.29
Granted:
Executive officers		1,640,000			1.80
Directors		—			—
Employees		540,000			2.04
Vested		(1,357,952	)		2.04
Forfeitures		(425,676	)		2.84
Outstanding at June 30, 2017		4,980,669		$	5.04

Weighted Average for Key Assumptions Used in Determining Fair Value of Warrants Granted

The weighted average for key assumptions used in determining the fair value of warrants granted during the six months ended June 30, 2017 follows:

Expected price volatility	78.39%
Risk-free interest rate	1.92%
Weighted average expected life in years	6 years
Dividend yield	—

Summary of Warrant Activity

Warrant activity during the six months ended June 30, 2017 was as follows:

	Number of Shares		Weighted Average Exercise Price Per Share		Aggregate Intrinsic Value
Outstanding at January 1, 2017		84,986	$	3.53
Granted in 2017		1,701,583		2.38
Exercised		—		—
Forfeitures		—		—
Outstanding at June 30, 2017		1,786,569	$	2.43	$	—