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Stock Incentive Plans (Tables)
9 Months Ended
Sep. 30, 2018
Stock Incentive Plans  
Summary of incentive plan activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

Weighted Average

 

 

 

 

 

Shares

 

Stock

 

 

 

Average

 

Remaining

 

Aggregate

 

 

Available

 

Options

 

RSUs

 

Stock Option

 

Contractual Life

 

Intrinsic

 

    

for Grant

    

Outstanding

    

Outstanding

    

Exercise Price

    

(Years)

    

Value*

Combined Incentive Plan Balance—December 31, 2017

 

3,619

 

229,575

 

392,904

 

$

28.05

 

8.31

 

$

 —

Additional shares authorized

 

2,877,766

 

 

 

 

 

 

 

 

 

 

 

 

Options granted

 

(2,767,673)

 

2,767,673

 

 

 

 

 —

 

 

 

 

 

Options cancelled

 

124,460

 

(128,380)

 

 

 

 

 —

 

 

 

 

 

Combined Incentive Plan Balance—September 30, 2018

 

238,172

 

2,868,868

 

392,904

 

$

5.96

 

9.27

 

$

 —

Options vested and exercisable—September 30, 2018

 

 

 

709,721

 

 

 

$

12.14

 

3.98

 

$

 —

Options vested and expected to vest—September 30, 2018

 

 

 

2,644,568

 

 

 

$

6.03

 

9.26

 

$

 —


*Fair market value of JAGX stock on September 28, 2018 was $0.87 per share.

Summary of stock-based compensation expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

    

2018

    

2017

    

2018

    

2017

 

Research and development expense

 

$

175,772

 

$

45,009

 

$

400,521

 

$

168,981

 

Sales and marketing expense

 

 

39,210

 

 

7,938

 

 

59,762

 

 

23,307

 

General and administrative expense

 

 

465,112

 

 

133,807

 

 

956,508

 

 

438,636

 

Total

 

$

680,094

 

$

186,754

 

$

1,416,791

 

$

630,924