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Equity (Tables)
3 Months Ended
Mar. 31, 2017
Equity [Abstract]  
Summary of Stock Option Activity

The following table summarizes stock option activity under the 2014 Plan:

 

 

 

Number of Shares

 

 

Weighted Average

Exercise Price Per

Share

 

 

Aggregate

Intrinsic Value

 

 

Outstanding at December 31, 2016

 

 

2,664,832

 

 

$

6.16

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

(103,542

)

 

$

7.49

 

 

 

 

 

 

Outstanding at March 31, 2017

 

 

2,561,290

 

 

$

6.11

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at March 31, 2017

 

 

1,146,966

 

 

$

5.51

 

 

$

 

 

Weighted-average years remaining on contractual life

 

 

8.24

 

 

 

 

 

 

 

 

 

 

Unrecognized compensation cost related to non-vested

   stock options

 

$

7,170

 

 

 

 

 

 

 

 

 

 

The following table summarizes stock option activity under the 2004 Plan:

 

 

 

Number of Shares

 

 

Weighted Average

Exercise Price Per

Share

 

 

Aggregate

Intrinsic Value

 

 

Outstanding at December 31, 2016

 

 

10,626

 

 

$

40.58

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

(97

)

 

$

40.58

 

 

 

 

 

 

Cancelled

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2017

 

 

10,529

 

 

$

40.58

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at March 31, 2017

 

 

10,529

 

 

$

40.58

 

 

$

 

 

Weighted-average years remaining on contractual life

 

 

1.01

 

 

 

 

 

 

 

 

 

 

Unrecognized compensation cost related to non-vested

   stock options

 

$

 

 

 

 

 

 

 

 

 

 

 

Summary of RSU Activity

The following table summarizes RSU activity under the 2014 Plan:

 

 

 

Number of Shares

 

 

Weighted Average Grant Date Fair Value Per Share

 

 

Outstanding at December 31, 2016

 

 

470,000

 

 

$

6.50

 

 

Granted

 

 

931,000

 

 

$

1.60

 

 

Vested

 

 

 

 

 

 

 

 

Cancelled

 

 

(60,000

)

 

$

1.70

 

 

Outstanding at March 31, 2017

 

 

1,341,000

 

 

$

1.57

 

 

 

Schedule of Stock-Based Compensation Expense

Stock-based compensation expense for options, restricted stock units (“RSU’s”) and the ESPP is reflected in the consolidated statements of operations as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2017

 

 

2016

 

Research and development

 

$

303

 

 

$

209

 

General and administrative

 

 

481

 

 

 

277

 

Total

 

$

784

 

 

$

486