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Equity Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2015
Equity Incentive Plans  
Schedule of stock-based compensation expense and allocation

 

 

 

Year Ended December 31,

 

 

 

2015

 

2014

 

2013

 

Employee

 

$

2,662 

 

$

1,185 

 

$

476 

 

Non-employee

 

 

303 

 

 

196 

 

 

862 

 

​  

​  

​  

​  

​  

​  

Total

 

$

2,965 

 

$

1,381 

 

$

1,338 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

 

 

Year Ended December 31,

 

 

 

2015

 

2014

 

2013

 

Research and development

 

$

1,161 

 

$

617 

 

$

862 

 

General and administrative

 

 

1,804 

 

 

764 

 

 

476 

 

​  

​  

​  

​  

​  

​  

Total stock-based compensation expense

 

$

2,965 

 

$

1,381 

 

$

1,338 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of assumptions used to compute employee stock-based compensation

 

 

 

2015

 

2014

 

2013

 

Risk-free interest rate

 

 

1.92 

%

 

1.84 

%

 

1.73 

%

Expected volatility

 

 

75.0 

%

 

104.8 

%

 

104.8 

%

Expected dividend yield

 

 

%

 

%

 

%

Expected life (in years)

 

 

6.25 

 

 

6.25 

 

 

6.25 

 

 

Summary of options outstanding, vested and exercisable

 

 

Options

 

Weighted-
Average
Exercise
Price

 

Weighted-
Average
Remaining
Contractual
Life (Years)

 

Aggregate
Intrinsic
Value

 

Options outstanding at December 31, 2013

 

 

1,163,621

 

 

3.44

 

7.9 years

 

 

 

 

Options granted

 

 

712,570

 

 

8.76

 

 

 

 

 

 

Options exercised

 

 

(41,904

)

 

1.61

 

 

 

 

 

 

Options cancelled/forfeited

 

 

(16,739

)

 

4.65

 

 

 

 

 

 

​  

​  

Options outstanding at December 31, 2014

 

 

1,817,548

 

 

5.56

 

7.9 years

 

 

 

 

Options granted

 

 

620,600

 

 

9.84

 

 

 

 

 

 

Options exercised

 

 

(261,936

)

 

2.26

 

 

 

 

 

 

Options cancelled/forfeited

 

 

(11,147

)

 

2.14

 

 

 

 

 

 

​  

​  

Options outstanding at December 31, 2015

 

 

2,165,065

 

 

7.19

 

7.8 years

 

$

6,459

 

​  

​  

​  

​  

Options exercisable at December 31, 2015

 

 

1,083,249

 

 

5.06

 

6.7 years

 

$

5,622

 

​  

​  

​  

​  

Vested and expected to vest at December 31, 2015

 

 

2,165,065

 

 

7.19

 

7.8 years

 

 

 

 

​  

​  

​  

​