Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Stock Option Activity

2016 Employee Equity Compensation Plan Stock option activity for the three months ended March 31, 2017 was as follows:

	Shares		Weighted- Average Exercise Price (in dollars per share)		Weighted- Average Contractual Life (in years)	Aggregate Intrinsic Value
Options outstanding at December 31, 2016	252,850		$	40.18	9.41	$	37
Granted	1,463,800		7.18		9.98	—
Forfeited / Canceled	(4,000	)	39.88		—	—
Options outstanding at March 31, 2017	1,712,650		$	11.97	9.86	$	43

Summary of Key Assumptions to Apply to Model

Key assumptions used to apply this model upon issuance were as follows:

	Weighted Average on Grant Date
Dividend yield	—
Expected volatility	68.99		%
Risk-free rate of return	2.05		%
Expected term (years)	5.80
Fair Value per share	$	5.80

Schedule of Time-Based Restricted Stock Awards

Restricted stock award activity for the quarter ended March 31, 2017 is as follows:

	Time-Based Restricted Stock Awards
Non-vested awards outstanding at December 31, 2016	48,637
Awards granted	—
Awards vested	—
Awards forfeited	(729	)
Non-vested awards outstanding at March 31, 2017	47,908