Stock Incentive Plans (Tables)

9 Months Ended

Sep. 30, 2016

Summary of Activity of Stock Incentive and Equity Plans

The following table summarizes the activity of the stock incentive and equity plans as of September 30, 2016 and changes during the nine months then ended:

	Shares available for grant			Number of options outstanding			Weighted- average option exercise price		Number of restricted stock and board shares issued		Number of restricted stock units outstanding
At January 1, 2016		732,270			2,851,568		$	7.07		201,455		454,021
Authorized		1,900,000			—			—		—		—
Granted		(1,537,692	)		943,620			0.63		594,072		—
Exercised/Issued		—			—			—		—		(3,702	)
Cancelled/forfeited		1,031,098			(1,012,821	)		9.61		—		(165,652	)
At September 30, 2016		2,125,676			2,782,367		$	3.97		795,527		284,667

Summary of Non-vested Options

A summary of the Company’s non-vested options during the nine month period ended September 30, 2016 is presented below:

	Options			Weighted- average exercise price
Non-vested at January 1, 2016		1,251,961		$	2.23
Granted		943,620			0.63
Vested		(189,800	)		3.77
Forfeited		(215,065	)		2.63
Non-vested at September 30, 2016		1,790,716		$	1.18

Restricted Stock Units [Member]

Analysis of Restricted Stock Units Issued

A summary of the Company’s restricted stock units is as follows:

	RSUs outstanding			Weighted average price at time of grant		Aggregate intrinsic value
Non-vested restricted stock units as of January 1, 2016		454,021		$	1.92
Granted		—			—
Vested		(3,702	)		3.94
Cancelled		(165,652	)		2.46
Non-vested at September 30, 2016		284,667		$	1.58	$	179,340

Restricted Stock [Member]

Analysis of Restricted Stock Units Issued

An analysis of restricted stock issued is as follows:

Non-vested restricted stock as of January 1, 2016	15,200
Granted	594,072
Vested	(278,011	)
Non-vested restricted stock as of September 30, 2016	331,261