XML 43 R33.htm IDEA: XBRL DOCUMENT v3.3.1.900
Note 8 - Summary of Stock Options (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2015
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]    
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
   

Nine Months Ended September 30, 2015

 
                   

Weighted

         
           

Weighted

   

Average

   

Aggregate

 
   

Number

   

Average

   

Remaining

   

Intrinsic

 
   

of

   

Exercise

   

Contractual

   

Value

 
   

Shares

   

Price

   

Term (years)

   

(in thousands)

 
                                 

Options outstanding, beginning of period

    2,291,783     $ 1.02       9.32     $ -  

Options granted

    1,082,000     $ 0.61                  

Options exercised

    -     $ -                  

Options canceled

    (21,000

)

  $ 1.00                  

Options outstanding, end of period

    3,352,783     $ 0.89       8.84     $ 686,174  
                                 

Vested and exercisable and expected to vest, end of period

    3,122,622     $ 0.91       8.81     $ 634,288  
                                 

Vested and exercisable, end of period

    864,510     $ 1.70       7.72     $ 104,545  
   

Year Ended December 31,

 
   

2014

   

2013

 
   

Number

of

Shares

   

Weighted Average Exercise Price

   

Weighted Average Remaining Contractual Term (years)

   

Aggregate

Intrinsic

Value

(in thousands)

   

Number

of

Shares

   

Weighted Average Exercise Price

   

Weighted Average Remaining Contractual Term (years)

   

Aggregate

Intrinsic

Value

(in thousands)

 

Options outstanding, beginning of year

    363,413     $ 1.24       8.80               360,531     $ 1.24       9.74          

Options granted

    1,901,476     $ 0.60                       95,581     $ 1.24                  

Options assumed from PLC

    68,238     $ 10.24                       -     $ -                  

Options exercised

    (160

)

  $ 0.12                       -     $ -                  

Options canceled

    (41,184

)

  $ 1.83                       (92,699

)

  $ 1.24                  

Options outstanding, end of year

    2,291,783     $ 1.02       9.32     $ -       363,413     $ 1.24       8.80     $ -  
                                                                 

Vested and exercisable and expected to vest, end of year

    2,099,687     $ 1.06       9.29     $ -       348,865     $ 1.24       8.80     $ -  
                                                                 

Vested and exercisable, end of year

    519,901     $ 2.45       7.89     $ -       120,955     $ 2.48       8.60     $ -  
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
           

Options Outstanding

                   

Options Exercisable

         
                           

Weighted

                 
           

Number

   

Weighted

   

Average

   

Number

   

Weighted

 
           

Outstanding

   

Average

   

Remaining

   

Exercisable

   

Average

 
  Range of    

as of

   

Exercise

   

Contractual

   

as of

   

Exercise

 
  Exercise Prices    

Sept 30, 2015

   

Price

   

Term (Years)

   

Sept 30, 2015

   

Price

 
                                                 
    $0.33         100,000     $ 0.33       9.62       -     $ -  
  $0.46 - $0.47       635,000     $ 0.47       9.36       -     $ -  
    $0.60         1,881,476     $ 0.60       9.00       475,203     $ 0.60  
  $0.89 - $0.99       347,000     $ 0.96       9.85       -     $ -  
    $1.24         312,373     $ 1.24       7.15       312,373     $ 1.24  
  $7.00 - $9.00       57,603     $ 8.64       2.08       57,603     $ 8.64  
  $12.00 - $18.63       19,081     $ 15.29       2.57       19,081     $ 15.29  
    $37.00         250     $ 37.00       1.98       250     $ 37.00  
              3,352,783     $ 0.89       8.84       864,510     $ 1.70  
            Options Outstanding    

Options Exercisable

 
                           

Weighted

                 
           

Number

   

Weighted

   

Average

   

Number

   

Weighted

 
           

Outstanding

   

Average

   

Remaining

   

Exercisable

   

Average

 
 

Range of

         

Exercise

   

Contractual

   

as of

   

Exercise

 
 

Exercise Prices

      December 31, 2014    

Price

   

Term (Years)

   

December 31, 2014

   

Price

 
    $0.60         1,901,476     $ 0.60       9.64       129,594     $ 0.60  
    $1.24         312,373     $ 1.24       7.90       312,373     $ 1.24  
  $7.00  - $9.00       58,603     $ 8.64       7.46       58,603     $ 8.64  
  $12.00  - $18.63       19,081     $ 15.29       6.54       19,081     $ 15.29  
    $37.00         250     $ 37.00       3.47       250     $ 37.00  
              2,291,783     $ 1.02       9.32       519,901     $ 2.45  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   

Three Months Ended

   

Nine Months Ended

 
   

September 30,

   

September 30,

 
   

2015

   

2014

   

2015

   

2014

 

Expected term (in years)

    5         5       5         5  

Average volatility

  61%  - 62%       61%     61%  - 62%       61%  

Risk-free interest rate

  1.50%  - 1.69%       1.80%     1.29%  - 1.69%       1.80%  

Dividend yield

    0%         0%       0%         0%  
   

Year Ended

 
   

Decenber 31,

 
   

2014

   

2013

 

Expected term (in years)

    5       5  

Average volatility

    61

%

    68

%

Risk-free interest rate

    1.80

%

    0.84

%

Dividend yield

    0

%

    0

%

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
   

Three Months Ended

   

Nine Months Ended

 
   

September 30,

   

September 30,

 
   

2015

   

2014

   

2015

   

2014

 
                                 

Research and development

  $ 5     $ -     $ 13     $ 1  

Selling, general and administrative

    50       113       132       143  

Total

  $ 55     $ 113     $ 145     $ 144  
   

Year Ended

 
   

Year Ended December 31,

 
   

2014

   

2013

 
                 

Research and development

  $ 5     $ -  

Selling, general and administrative

    179       87  

Total

  $ 184     $ 87