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Share-based Compensation (Tables)
9 Months Ended
Sep. 30, 2019
Share-based Compensation  
Schedule of share-based compensation expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30, 

 

September 30, 

 

 

    

2019

    

2018

    

2019

    

2018

    

 

 

(in thousands)

 

Cost of goods sold

 

$

139

 

$

138

 

$

426

 

$

380

 

Research and development

 

 

94

 

 

129

 

 

299

 

 

328

 

Selling and marketing

 

 

61

 

 

273

 

 

272

 

 

836

 

General and administrative

 

 

342

 

 

309

 

 

1,535

 

 

1,358

 

 

 

$

636

 

$

849

 

$

2,532

 

$

2,902

 

 

Schedule of weighted-average key assumptions used in determining fair value of options granted

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

 

    

September 30, 2019

 

    

Estimated dividend yield

 

 

0.00

%

 

Expected stock price volatility

 

 

60.00

%

 

Weighted-average risk-free interest rate

 

 

2.50

%

 

Expected life of option in years

 

 

6.07

 

 

Weighted-average option fair value at grant

 

$

1.25

 

 

 

Summary of outstanding and exercisable options

 

 

 

 

 

 

 

 

 

 

 

 

    

 

Weighted-

 

 

 

 

 

Number of

 

Average

 

Intrinsic

 

    

Options

    

Exercise Price

    

Value

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2018

 

3,446,885

 

$

8.94

 

$

70

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2018

 

1,643,011

 

$

10.63

 

$

70

 

 

 

 

 

 

 

 

 

Granted

 

2,082,958

 

 

2.18

 

 

 

Exercised

 

(36,040)

 

 

0.32

 

 

 

Expired, forfeited or cancelled

 

(946,006)

 

 

10.34

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2019

 

4,547,797

 

$

5.62

 

$

39

 

 

 

 

 

 

 

 

 

Exercisable at September 30, 2019

 

1,436,254

 

$

9.18

 

$

23

 

Summary of outstanding RSUs

 

 

 

 

 

 

 

 

    

 

    

Weighted-

 

 

Number of

 

Average

 

 

RSUs

 

Fair Value

 

 

 

 

 

 

Outstanding at December 31, 2018

 

75,314

 

$

7.93

 

 

 

 

 

 

Granted

 

 —

 

 

 —

Vested

 

(19,688)

 

 

7.76

Expired, forfeited or cancelled

 

 —

 

 

 —

 

 

 

 

 

 

Outstanding at September 30, 2019

 

55,626

 

$

7.99