XML 35 R24.htm IDEA: XBRL DOCUMENT v3.4.0.3
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock-Based Compensation Recognized

Total stock-based compensation recognized for the three months ended March 31, 2016 and 2015 was as follows (in thousands):

 

 

 

Three Months Ended

March 31,

 

 

 

2016

 

 

2015

 

Research and development

 

$

54

 

 

$

14

 

General and administrative

 

 

86

 

 

 

24

 

Total stock-based compensation expense

 

$

140

 

 

$

38

 

 

Schedule of Fair Value of Stock Options Issued Estimated Date of Grant

The fair value of the stock options issued was estimated at the date of grant using a Black-Scholes option-pricing model with the following weighted-average assumptions:

 

 

 

Three Months Ended

 

 

 

March 31, 2016

 

Expected term

 

 

5.94

 

Expected volatility

 

 

87

%

Risk-free interest

 

 

1.26

%

Dividend yield

 

 

0

%