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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2018
Stockholders' Equity Note [Abstract]  
Schedule of shares of common stock reserved for issuance

The Company had reserved the following shares of common stock for issuance as of December 31, 2018:

 

Warrants to purchase common stock   331,193 
Options:     
Outstanding under the 2012 Equity Incentive Plan   15,408,997 
Outstanding under the 2001 Equity Incentive Plan   360 
Available for future grants under the 2012 Equity Incentive Plan   4,189,056 
Total common stock reserved for future issuance   19,929,606 

 

Summary of stock option activity

The following table summarizes stock option activity for the years ended December 31, 2018:

 

   Number of
Shares
   Weighted
Average
Exercise
Price (per
share)(1)
   Weighted-
Average
Remaining
Contractual
Term (in
years)
   Aggregate
Intrinsic
Value
($000's) (2)
 
Outstanding at January 1, 2017   1,835,835   $19.29           
Granted   765,000    3.38           
Cancelled (forfeited)   (152,365)   5.86           
Cancelled (expired)   (87)   18.38           
Outstanding at December 31, 2017   2,448,383   $4.15           
Granted   13,575,038    0.66           
Cancelled (forfeited)   (572,935)   3.20           
Cancelled (expired)   (41,129)   37.82           
Outstanding at December 31, 2018   15,409,357   $0.95    9.0   $576 
Options vested and expected to vest   15,356,965   $0.95    9.0   $574 
Exercisable   10,283,026   $1.01    9.0   $379 

 

                                                         

(1)The weighted average price per share is determined using exercise price per share for stock options.

 

(2)The aggregate intrinsic value is calculated as the difference between the exercise price of the option and the fair value of the Company’s common stock for in-the-money options at December 31, 2018.
Schedule of stock options outstanding and exercisable by exercise price

The stock options outstanding and exercisable by exercise price at December 31, 2018 are as follows:

 

    Stock Options Outstanding   Stock Options Exercisable 
Range of Exercise Prices   Number
of Shares
   Weighted-
Average
Remaining
Contractua
l Life
In Years
   Weighted-
Average
Exercise
Price
Per Share
   Number
of Shares
   Weighted-
Average
Exercise
Price
Per Share
 
$0.33 - $0.67    13,725,038    9.19   $0.66    8,922,798   $0.66 
$1.91 - $3.30    370,000    8.10    2.97    361,666    2.97 
$3.38 - $3.38    1,263,022    7.71    3.38    947,265    3.38 
$3.40 - $4.72    50,625    7.77    3.40    50,625    3.40 
$8.24 - $17.36    360    1.78    12.53    360    12.53 
$42.88 - $48.00    312    4.76    45.17    312    45.17 
     15,409,357    9.04   $0.95    10,283,026   $1.01 

 

Schedule of fair value-based measurement of stock options granted under the entity's stock plans estimated using Black-Scholes model

The fair value- based measurement of stock options granted under the Company’s stock plans was estimated at the date of grant using the Black-Scholes model with the following assumptions:

 

 

       Year Ended December 31,
    2018   2017
Expected term   5-6 years   5-6 years
Expected volatility   93% - 97%   83% - 88%
Risk-free interest rate   2.7 - 2.8%   1.8 - 2.1%
Expected dividend yield   0%   0%
Schedule of total stock-based compensation expense recognized

Total expense for stock option grants recognized was as follows:

 

   Year Ended December 31, 
   2018   2017 
General and administrative  $4,611   $1,753 
Research and development   201    362 
   $4,812   $2,115