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Equity Incentive Plans (Tables)
3 Months Ended
Mar. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Stock Option Plans

 A summary of the status of the Company’s option plans as of March 31, 2017 and changes during the period then ended is presented below: 

 

 

 

Three months ended March 31, 2017

 

 

 

Unaudited

 

 

 

Number

of options

 

 

Weighted

average

exercise

price

 

Outstanding at beginning of year

 

 

11,377,354

 

 

$

9.76

 

Granted

 

 

2,640,500

 

 

 

7.15

 

Exercised

 

 

(427,191

)

 

 

0.17

 

Forfeited and cancelled

 

 

(47,699

)

 

 

18.01

 

Outstanding as of March 31, 2017

 

 

13,542,964

 

 

 

9.53

 

 

 

 

 

 

 

 

 

 

Exercisable options

 

 

6,644,144

 

 

 

7.25

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest

 

 

13,542,964

 

 

$

9.53

 

 

Schedule of RSU's

A summary of the status of the Company’s RSUs as of March 31, 2017 and changes during the period then ended is presented below: 

 

 

 

Three months ended March 31, 2017

 

 

 

Unaudited

 

 

 

Number

of RSU

 

 

Weighted

average

grant date fair value

price

 

Unvested at beginning of year

 

 

-

 

 

$

-

 

Granted

 

 

780,100

 

 

 

7.15

 

Vested

 

 

-

 

 

 

-

 

Forfeited and cancelled

 

 

-

 

 

 

-

 

Unvested as of March 31, 2017

 

 

780,100

 

 

$

7.15

 

 

Schedule of Fair Value of Equity Based Awards Using Black-Scholes Option Pricing Model

The fair value of equity-based awards was estimated using the Black-Scholes option-pricing model for all grants with the following underlying assumptions: 

 

 

 

Three months ended March 31,

 

 

Year ended

December 31,

 

 

 

2017

 

 

2016

 

 

2016

 

 

 

Unaudited

 

 

Audited

 

Stock Option Plans

 

 

 

 

 

 

 

 

 

 

 

 

Expected term (years)

 

6.25

 

 

 

6.25

 

 

6.25

 

Expected volatility

 

 

59.15

%

 

59.80%-60.19%

 

 

58.40%-61.70%

 

Risk-free interest rate

 

 

2.23

%

 

1.52%-1.88%

 

 

1.23%-1.88%

 

Dividend yield

 

 

0

%

 

 

0

%

 

 

0

%

ESPP

 

 

 

 

 

 

 

 

 

 

 

 

Expected term (years)

 

0.5

 

 

 

-

 

 

0.42

 

Expected volatility

 

 

82.00

%

 

 

-

 

 

 

70.45

%

Risk-free interest rate

 

 

0.62

%

 

 

-

 

 

 

0.40

%

Dividend yield

 

0%

 

 

 

-

 

 

0%

 

 

Schedule of Non-cash Share-based Compensation Expense Related to Company's Equity-Based Awards

The total non-cash share-based compensation expense related to all of the Company’s equity-based awards recognized for the three months ended March 31, 2017 and 2016 and the year ended December 31, 2016 was:

 

 

 

Three months ended March 31,

 

 

Year ended

December 31,

 

 

 

2017

 

 

2016

 

 

2016

 

 

 

Unaudited

 

 

Audited

 

Cost of revenues

 

$

143

 

 

$

141

 

 

$

623

 

Research, development and clinical trials

 

 

862

 

 

 

763

 

 

 

3,155

 

Sales and marketing

 

 

655

 

 

 

1,290

 

 

 

5,111

 

General and administrative

 

 

2,901

 

 

 

3,262

 

 

 

12,552

 

Total share-based compensation expense

 

$

4,561

 

 

$

5,456

 

 

$

21,441