XML 37 R27.htm IDEA: XBRL DOCUMENT v3.8.0.1
STOCK-BASED COMPENSATION (Narrative) (Details)
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Aug. 08, 2016
Jun. 30, 2017
shares
Feb. 28, 2017
USD ($)
$ / shares
shares
Jan. 31, 2017
shares
Aug. 31, 2016
shares
Jun. 30, 2016
shares
Feb. 29, 2016
shares
Sep. 30, 2017
USD ($)
quarter
$ / shares
shares
Sep. 30, 2016
USD ($)
quarter
$ / shares
shares
Sep. 30, 2017
USD ($)
quarter
$ / shares
shares
Sep. 30, 2016
USD ($)
quarter
$ / shares
shares
Dec. 31, 2016
USD ($)
Apr. 30, 2016
shares
Jan. 31, 2014
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                              
Vested (in shares) | shares                     125,880        
Remaining nonvested, number of Shares | shares                 82,500   82,500        
Common stock options                              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                              
Granted (in shares) | shares                 131,500 55,000 299,880 291,500      
Vested (in shares) | shares                     329,733        
Unrecognized compensation expense related to unvested employee stock option                 $ 739,000   $ 739,000        
Options outstanding, aggregate intrinsic value                 374,000   374,000        
Options vested, aggregate intrinsic value                 $ 151,000   $ 151,000        
Weighted average period                     2 years 6 months 18 days        
Granted (in dollars per share) | $ / shares                     $ 4.44        
Share price (in dollars per share) | $ / shares                 $ 4.43   $ 4.43        
Dividend Yield                     0.00% 0.00%      
Expected Volatility                     60.00% 60.00%      
Expected Life                     7 years 7 years      
Common stock options | Minimum                              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                              
Share price (in dollars per share) | $ / shares                 4.36 $ 1.93 $ 4.36 $ 1.93      
Risk-free interest rate                     1.95% 1.30%      
Common stock options | Maximum                              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                              
Share price (in dollars per share) | $ / shares                 $ 4.68 $ 5.26 $ 4.68 $ 5.26      
Risk-free interest rate                     2.14% 1.78%      
Restricted stock units                              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                              
Stock compensation                 $ 564,000 $ 375,000 $ 1,685,000 $ 912,000      
Unrecognized compensation expense related to unvested employee stock option                 $ 4,300,000   $ 4,300,000        
Weighted average period                     2 years 6 months 7 days        
Granted (in shares) | shares                     529,907        
Vested (in shares) | shares                 79,831   532,031 222,043      
Granted (in dollars per share) | $ / shares                     $ 4.48        
Performance Based Awards                              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                              
Performance bonus amount, percent of estimate                 10.00%            
2014 Omnibus Incentive Plan                              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                              
Number of shares of common stock approved for issuance | shares                 5,950,000   5,950,000       1,400,000
Number of additional shares authorized | shares     3,250,000       1,300,000                
2015 Performance Plan | Performance Based Awards                              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                              
Granted (in dollars per share) | $ / shares                     $ 5.06        
2015 Incentive Bonus Program | Performance Based Awards                              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                              
Stock compensation                     $ 21,000        
Granted (in shares) | shares               90,265              
Vested (in shares) | shares               45,140              
Employees and Consultants | Common stock options                              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                              
Exercise price range, lower limit (in dollars per share) | $ / shares                     $ 4.36        
Exercise price range, upper limit (in dollars per share) | $ / shares                     $ 4.68        
Term of award                     10 years        
Aggregate grant date fair value of options granted                 $ 356,000   $ 802,000        
Employees | Common stock options                              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                              
Exercise price range, lower limit (in dollars per share) | $ / shares                       $ 1.93      
Exercise price range, upper limit (in dollars per share) | $ / shares                       $ 5.26      
Term of award                       10 years      
Number of quarters over which awards vest, grant date subsequent to initial vesting | quarter                 16 16 16 16      
Aggregate grant date fair value of options granted                   $ 166,000   $ 467,000      
Stock compensation                 $ 157,000 100,000 $ 332,000 420,000      
Forfeitures rate                     6.00%        
Consultants | Common stock options                              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                              
Stock compensation                 10,000 2,000 $ 7,000 24,000      
Non-executive employees | Performance Based Awards                              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                              
Bonus percentage                     10.00%        
Executives | Common stock options                              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                              
Accelerated vesting, number of shares impacted | shares         8,752                    
Option exercise period extended, number of shares impacted | shares         17,504                    
Plan modification, incremental compensation cost                 0   $ 19,000        
Executives | Restricted stock units                              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                              
Accelerated vesting, number of shares impacted | shares         8,815                    
Plan modification, incremental compensation cost                 0   36,000        
Executives | Performance Based Awards                              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                              
Granted (in shares) | shares           250,000                  
Award vesting rights, percent   50.00%                          
Executives | Performance Based Awards | Maximum | Forecast                              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                              
Award vesting rights, percent 50.00%                            
Common Stock | 2015 Performance Plan | Performance Based Awards                              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                              
Stock compensation                 6,000   $ 19,000        
Common Stock | 2016 Incentive Bonus Program | Common stock options                              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                              
Granted (in shares) | shares       125,880                      
Common Stock | 2016 Incentive Bonus Program | Restricted stock units                              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                              
Granted (in shares) | shares       27,390                      
Granted in the period, grant date intrinsic value       $ 119,000                      
Granted (in dollars per share) | $ / shares       $ 4.36                      
Common Stock | 2016 Incentive Bonus Program | Performance Based Awards                              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                              
Aggregate grant date fair value of options granted       $ 688,000                      
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period                     10 days        
Stock compensation                 0 0 $ 0 0 $ 1,100,000    
Grant date fair value       $ 332,000                      
Share price (in dollars per share) | $ / shares       $ 4.36                      
Dividend Yield       0.00%                      
Expected Volatility       60.00%                      
Risk-free interest rate       2.15%                      
Expected Life       7 years                      
Common Stock | 2017 Incentive Bonus Program | Performance Based Awards                              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                              
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period                     10 days        
Stock compensation                     $ 943,000        
Common Stock | Consultants                              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                              
Stock compensation                 193,000 $ 0   $ 6,000      
Common stock issued (in shares) | shares               3,000           5,549  
Research and development expenses | Common Stock | 2017 Incentive Bonus Program | Performance Based Awards                              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                              
Stock compensation                 153,000   584,000        
General and administrative expenses | Common Stock | 2017 Incentive Bonus Program | Performance Based Awards                              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                              
Stock compensation                 $ 40,000   $ 359,000