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Stock-based Compensation (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2019
Dec. 31, 2018
Share-based Payment Arrangement [Abstract]    
Schedule of fair value of options granted

The weighted-average assumptions used in the Black-Scholes option-pricing model used to calculate the fair value of options granted during the nine months ended September 30, 2019 were as follows:

 

   Employee   Non-Employee 
Expected volatility  76.4%-80.6 %   N/A 
Expected dividend yield     N/A 
Expected term (in years)  3.0-6.0   N/A 
Risk-free interest rate  1.63% -2.48 %   N/A 

The weighted-average assumptions used in the Black-Scholes option-pricing model used to calculate the fair value of options granted during the year ended December 31, 2017, were as follows:

 

   Employee  Non-Employee
Expected volatility  71.6% to 83.7%   N/A
Expected dividend yield     N/A
Expected term (in years)  3.0 to 3.5   N/A
Risk-free interest rate   1.45% to 1.84%   N/A

 

The weighted-average assumptions used in the Black-Scholes option-pricing model used to calculate the fair value of options granted during the year ended December 31, 2018, were as follows:

 

   Employee  Non-Employee
Expected volatility  71.0% -79.8%   N/A
Expected dividend yield     N/A
Expected term (in years)  3.0-3.5   N/A
Risk-free interest rate  1.58%-2.89%   N/A
Schedule of stock option activity

   Number of
Options
   Weighted
Average
Exercise
Price Per
Share
   Weighted
Average
Remaining
Contractual
Term
(years)
   Aggregate
Intrinsic
Value (1)
 
Outstanding at December 31, 2018   86,089   $31.40    4.0   $ 
Granted   58,396   $25.80    4.9   $ 
Exercised   (3,200)  $13.00       $ 
Forfeited   (2,970)  $       $ 
Expired   (926)  $       $ 
Outstanding at September 30, 2019   137,389   $28.00    3.9   $ 
Exercisable at September 30, 2019   83,354   $31.00    2.8   $ 

 

(1) The aggregate intrinsic value in the table was calculated based on the difference between the estimated fair market value of the Company's stock and the exercise price of the underlying options. The estimated stock values used in the calculation was $20.20 and $11.80 per share for the nine months ended September 30, 2019 and the year ended December 31, 2018, respectively.

   Number of
Options
   Weighted
Average
Exercise
Price
Share
   Weighted
Average
Remaining
Contractual
Per Term
(years)
   Aggregate
Intrinsic
Value (1)
 
Outstanding at December 31, 2016   73,865   $32.2    5.8   $9,662 
Granted   12,925   $92.40    5.0   $34 
Exercised   (900)  $10.00           
Forfeited   (50)  $10.00           
Expired   (3,250)  $204.40           
Outstanding at December 31, 2017   82,590   $33.40    3.7   $ 
Granted   8,974   $30.60    4.4   $ 
Exercised   (2,450)  $10.00           
Forfeited   (2,525)  $           
Expired   (530)  $           
Outstanding at December 31, 2018   86059   $31.40    4.0   $ 
Exercisable at December 31, 2018   72,165   $31.20    3.5   $ 

 

(1) The aggregate intrinsic value on the table was calculated based on the difference between the estimated fair value of the Company's stock and the exercise price of the underlying option. The estimated stock values used in the calculation was $11.80 and $14.40 per share for each of the years ended December 31, 2018 and 2017 respectively.
Schedule of summarizes restricted stock unit activity

   Number of
Units
   Weighted Average
Grant-Date Fair
Value Per Unit
 
Outstanding as of December 31, 2018   6,813   $19.60 
Granted   6,187   $30.20 
Vested   (7,123)  $22.00 
Forfeited      $ 
Outstanding as of September 30, 2019   5,877   $28.40 

   Number of
 Units
   Weighted Average
Grant Date Fair
Value Per Units
 
Outstanding as of December 31, 2016   22,772   $15.20 
Granted   5,895(1)  $139.00 
Vested   (14,118)  $35.00 
Forfeited   (155)  $ 
Outstanding as of December 31, 2017   14,395   $37.20 
Granted   3,787(2)  $32.40 
Vested   (11,190)  $51.20 
Forfeited   (179)  $139.80 
Outstanding as of December 31, 2018   6,818   $19.60 

 

(1) 2,000 restricted stock units were granted on March 27, 2017 with a weighted average grant date fair value of $167.00, 895 restricted stock units were granted on May 19, 2017 with a weighted average grant date fair value of $139.80 and 3,000 restricted stock units were granted on June 19, 2017 with a weighted average grant date fair value of $120.00.

 

(2) 641 restricted stock units were granted on June 12, 2017 with a weighted average grant date fair value of $13.00 and 3,146 restricted stock units were granted on June 12, 2018 with a weighted average grant date fair value of $36.40
Schedule of stock-based compensation expense

   Three Months Ended
September 30,
   Nine Months Ended
September 30,
 
   2019   2018   2019   2018 
                 
Research and development  $1   $29   $11   $87 
General and administrative   203    326    664    3,003 
Total stock-based compensation expense  $204   $355   $675   $3,090 

   Years Ended December 31, 
   2018   2017 
Research and development  $106   $377 
General and administrative   3,306    3,338 
Total stock-based compensation expense  $3,412   $3,715