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SHARE-BASED COMPENSATION, STOCK OPTIONS, AND RESTRICTED SECURITIES (Tables)
12 Months Ended
Dec. 31, 2019
SHARE-BASED COMPENSATION, STOCK OPTIONS, AND RESTRICTED SECURITIES  
Summary of stock based compensation classified in the consolidated statements of operations

 

 

 

 

 

 

(In thousands)

Year Ended December 31, 2019

 

Year Ended December 31, 2018

Research and development

$

94

 

$

183

General and administrative

 

174

 

 

435

Total

$

268

 

$

618

 

Schedule of assumptions used principally in determining the fair value of options granted

 

 

 

 

 

 

 

 

 

December 31, 

 

December 31, 

 

 

 

    

2019

 

2018

 

 

Risk-free interest rate

    

2.55%

 

2.45 - 2.88%

 

 

Expected dividend yield

 

0%

 

0%

 

 

Expected term (employee grants)

 

6 Years

 

5.62 Years

 

 

Expected volatility

 

105%

 

104%

 

 

 

Summary of option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

Weighted

 

Average

 

 

 

 

 

 

 

 

Average

 

Remaining

 

Aggregate

 

 

 

 

 

Exercise

 

Contractual

 

Intrinsic

 

Options

    

Shares

    

Price

    

Term in Years

    

Value

 

Outstanding at December 31, 2017

 

4,570

 

$

4,845.94

 

7.14

 

$

22

 

Granted

 

520

 

$

148.08

 

 

 

 

 

 

Expired

 

(180)

 

$

5,130.40

 

 

 

 

 

 

Cancelled/Forfeited

 

(3,052)

 

$

5,166.77

 

 

 

 

 

 

Outstanding at December 31, 2018

 

1,858

 

$

2,976.58

 

7.32

 

$

 —

 

Granted

 

3,000

 

$

45.90

 

 

 

 

 

 

Expired

 

(85)

 

$

6,794.12

 

 

 

 

 

 

Cancelled/Forfeited

 

(586)

 

$

1,195.25

 

 

 

 

 

 

Outstanding at December 31, 2019

 

4,187

 

$

1,077.78

 

8.17

 

$

 —

 

Vested and Exercisable at December 31, 2019

 

1,000

 

$

3,874.14

 

5.63

 

$

 —

 

 

Summary of restricted stock unit activity

 

 

 

 

 

 

 

 

 

 

Weighted-Average

Restricted Securities

    

Number of Grants

    

Grant Date Fair Value

Unvested balance at December 31, 2017

 

670

 

$

767.16

Granted

 

 —

 

 

 —

Vested/Released

 

(143)

 

$

734.70

Forfeited

 

(184)

 

$

934.10

Unvested balance at December 31, 2018

 

343

 

$

693.17

Granted

 

6,886

 

$

15.59

Vested

 

(143)

 

$

734.70

Unvested balance at December 31, 2019

 

7,086

 

$

33.78