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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Fair Value of Stock Options Issued to Employees

The fair value of stock option issued to employees was estimated at the date of grant using Black-Scholes with the following weighted-average assumptions:

 

 

 

For the Year Ended December 31,

 

 

 

2018

 

 

2017

 

Expected volatility

 

 

92.14

%

 

 

89.17

%

Expected term (years)

 

 

6.07

 

 

5.84

 

Risk-free interest rate

 

 

2.86

%

 

 

1.95

%

Expected dividend yield

 

 

0.00

%

 

 

0.00

%

Schedule of Information Related to Stock Options Outstanding

A summary of stock option activities under the Plans is presented below:

 

 

 

Number of

Stock Options

 

 

Weighted-

Average

Exercise Price

 

 

Weighted-Average

Remaining

Contractual Term

(Year)

 

 

Weighted-

Average Intrinsic

Value

 

Outstanding, January 1, 2018

 

 

60,618

 

 

$

128.23

 

 

 

4.45

 

 

$

-

 

Granted

 

 

339,619

 

 

 

4.63

 

 

 

 

 

 

 

 

 

Exercised

 

 

(9,541

)

 

 

2.40

 

 

 

 

 

 

$

-

 

Forfeited or expired

 

 

(37,422

)

 

 

145.58

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2018

 

 

353,274

 

 

$

10.97

 

 

 

6.04

 

 

$

-

 

Exercisable, December 31, 2018

 

 

15,278

 

 

$

106.08

 

 

 

5.29

 

 

$

-

 

Expected to vest, December 31, 2018

 

 

337,996

 

 

$

6.67

 

 

 

6.07

 

 

$

-

 

Summary of Restricted Stock Activity

A summary of restricted stock activities is presented below:

 

 

 

Shares

 

 

Weighted-

average

Grant Date

Fair Value

 

 

Restricted

Stock

Repurchase

Liability

 

Unvested, January 1, 2018

 

 

781

 

 

$

310.80

 

 

$

315

 

Vested

 

 

(284

)

 

 

310.80

 

 

 

(116

)

Granted

 

 

322,907

 

 

 

3.59

 

 

 

 

Unvested, December 31, 2018

 

 

323,404

 

 

$

4.06

 

 

$

199

 

Schedule of Stock-based Compensation Expense

Stock-based compensation expense is classified in the accompanying consolidated statements of operations and comprehensive loss for the years ended December 31, 2018 and 2017 as follows:

 

 

 

For the Year Ended December 31,

 

 

 

2018

 

 

2017

 

Research and development

 

$

319,354

 

 

$

327,610

 

General and administrative

 

 

453,894

 

 

 

1,115,882

 

Total

 

$

773,248

 

 

$

1,443,492