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Equity Incentive Plans (Tables)
3 Months Ended
Mar. 31, 2018
Equity Incentive Plans  
Summary of stock option activity under the Equity Plans

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Average

 

Weighted

 

Aggregate

 

 

 

 

 

Exercise Price

 

Average Remaining

 

Intrinsic

 

 

 

Options

 

Per Share

 

Life in Years

 

Value

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2017

 

2,257,621

 

$

12.38

 

8.66

 

$

68

 

Granted

 

—

 

$

—

 

 

 

 

 

Exercised

 

—

 

$

—

 

 

 

 

 

Forfeited

 

(7,541

)

$

7.24

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2018

 

2,250,080

 

$

12.40

 

8.41

 

$

895

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options exercisable at March 31, 2018

 

1,165,704

 

$

15.79

 

7.78

 

$

242

 

Options vested and expected to vest at March 31, 2018

 

2,250,080

 

$

12.40

 

8.41

 

$

895

 

 

Schedule of assumptions used to determine grant-date fair value of stock options

 

 

Year Ended
December 31,

 

 

 

2017

 

 

 

 

 

Expected volatility

 

68.7

%

Weighted average risk-free interest rate

 

2.10

%

Expected dividend yield

 

0.00

%

Expected term (in years)

 

6.6

 

 

Schedule of stock-based compensation expense related to issuance of stock option awards recognized in condensed consolidated statements of operations and comprehensive loss

 

 

Three Months Ended March 31,

 

 

 

2018

 

2017

 

 

 

(in thousands)

 

Research and development

 

$

117

 

$

1,678

 

General and administrative

 

611

 

1,945

 

 

 

 

 

 

 

Total

 

$

728

 

$

3,623