Quarterly report pursuant to Section 13 or 15(d)

STOCK OPTIONS (Tables)

v3.8.0.1
STOCK OPTIONS (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2017 and 2016 was as follows:

 

    Nine months ended September 30,  
    2017     2016  
             
Research and development   $ 111     $ 21  
General and administrative     63       49  
    $ 174     $ 70  
Schedule of stock option activity

The following table summarizes stock option activity for the nine months ended September 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       104,747     $ 0.54                  
Forfeited       (9,108 )   $ 62.05                  
Outstanding at September 30, 2017       364,516     $ 7.71       4.6     $  
                                   
Exercisable at September 30, 2017       184,296     $ 12.76       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 nine months ended September 30, 2017 and 2016:

 

    Nine months ended September 30,  
    2017     2016  
Volatility     128.5 %     90.9 %
Expected term (years)     3.2       1.9  
Risk-free interest rate     1.41 %     1.0 %
Dividend yield     0 %     0 %