Share-based Compensation

9 Months Ended

Sep. 30, 2014

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

(7) Share-based Compensation

For the three and nine month periods ended September 30, 2014 and 2013, the Company recognized the following non-cash, share-based compensation expense in the consolidated statements of operations (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
Research and Development	$	40	$	7	$	122	$	36
General and Administrative		121		42		369		89
Total	$	161	$	49	$	491	$	125

Stock option and stock award transactions for the nine month period ended September 30, 2014 under the Company’s stock incentive plans were as follows:

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)
Options outstanding at December 31, 2013		843,442		$	3.76		8.94
Granted		200,079			1.91
Exercised	—			—
Forfeited and cancelled		(3,506	)		140.67
Options outstanding at September 30, 2014		1,040,015		$	2.94		8.45
Options exercisable at September 30, 2014		416,822		$	4.92		7.57
Options vested and expected to vest		1,033,209		$	2.95		8.45

	Number of Shares			Weighted Average Grant Date Fair Value
Restricted stock units outstanding at December 31, 2013		419,000		$	1.39
Granted		191,700			1.95
Vested and released		(129,671	)		1.38
Forfeited and cancelled	—			—
Restricted stock units outstanding at September 30, 2014		481,029		$	1.61

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References+ Details