Quarterly report pursuant to Section 13 or 15(d)

STOCK OPTIONS (Tables)

v3.7.0.1
STOCK OPTIONS (Tables)
6 Months Ended
Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of stock-based compensation expense

Total stock-based compensation expense recognized for stock options issued using the straight-line method in the statement of operations for the six months ended June 30, 2017 and 2016 was as follows:

  

    Six months ended June 30,  
    2017     2016  
             
Research and development   $ 91     $ 10  
General and administrative     47       28  
    $ 138     $ 38  

 

Schedule of stock option activity

 The following table summarizes stock option activity for the six months ended June 30, 2017:

 

      Number of
shares
    Weighted-
average
exercise
price
    Weighted-average
remaining
contractual term
(in years)
    Aggregate
intrinsic
value (in
thousands)
 
Outstanding at December 31, 2016       268,877     $ 24.15                  
Granted       100,580     $ 0.55                  
Forfeited       (6,070 )   $ 73.67                  
Outstanding at June 30, 2017       363,387     $ 8.05       4.9     $  
                                   
Exercisable at June 30, 2017       172,738     $ 14.13       3.3     $  
                                     
Schedule of weighted-average assumptions using black-scholes option-pricing model

The following table summarizes weighted-average assumptions using the Black-Scholes option-pricing model used on the date of the grants issued during the six months ended June 30, 2017 and 2016:

 

    Six months ended June 30,  
    2017     2016  
Volatility     128.5 %     76.3 %
Expected term (years)     3.2       2.8  
Risk-free interest rate     1.41 %     1.1 %
Dividend yield     0 %     0 %