Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.7.0.1
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of option activity
A summary of option activity for the six months ended June 30, 2017 is as follows:
 
 
Options Outstanding
 
 
Number of
shares
 
Weighted‑average
exercise price
 
Fair value of
options
granted
 
Weighted average
remaining
contractual term
(in years)
Balance, December 31, 2016
 
1,849,359

 
$
5.57

 
    
 
 
Granted
 
367,662

 
$
0.72

 
$
192,470

 
 
     Forfeited
 
(18,391
)
 
$
5.63

 
 
 
 
Balance, June 30, 2017
 
2,198,630

 
$
4.76

 
 
 
8.20
Exercisable at June 30, 2017
 
1,271,031

 
$
5.60

 
 
 
7.69
Schedule of stock-based compensation expense
Stock‑based compensation expense recognized for the three and six months ended June 30, 2017 and 2016 was as follows:
 
 
Three Months Ended
Six Months Ended
 
 
 
June 30,
June 30,
 
 
 
2017
2016
 
2017
 
2016
 
Research and development
 
$
33,217

$
27,711

 
$
80,783

 
$
51,152

 
General and administrative
 
222,526

186,402

 
507,180

 
1,100,268

 
Total stock-based compensation
 
$
255,743

$
214,113

 
$
587,963

 
$
1,151,420