Annual report pursuant to Section 13 and 15(d)

Equity Incentive Plan (Tables)

v3.3.1.900
Equity Incentive Plan (Tables)
 12 Months Ended
Dec. 31, 2015
Share Based Compensation Option And Incentive Plan [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following is a summary of stock option activity for the twelve months ended December 31, 2015 and 2014:
 
 
 
 
 
 
 
 
Weighted-Average
 
 
 
 
 
 
Weighted- Average
 
Contractual Life (In
 
 
 
Number of Options
 
Exercise Price
 
Years)
 
Outstanding at December 31, 2013
 
 
762,944
 
$
0.91
 
 
5.30
 
Granted
 
 
-
 
 
-
 
 
-
 
Exercised
 
 
(2,277)
 
 
2.85
 
 
 
 
Expired
 
 
(8,295)
 
 
3.60
 
 
 
 
Outstanding at December 31, 2014
 
 
752,372
 
$
0.91
 
 
4.30
 
Granted
 
 
560,393
 
 
5.12
 
 
9.08
 
Exercised
 
 
(26,799)
 
$
2.37
 
 
 
 
Expired (Forfeited)
 
 
(8,599)
 
$
0.65
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at December 31, 2015
 
 
1,277,367
 
$
2.75
 
 
4.94
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at December 31, 2015
 
 
873,558
 
$
2.71
 
 
4.85
 
 
 
 
 
 
 
 
 
 
 
 
Vested and expected to vest at December 31, 2015
 
 
873,558
 
$
2.71
 
 
4.85
 
Employee and Non Employee Service Share Based Compensation Allocation off Recognized Period Costs [Table Text Block]
The total stock-based compensation expense for employees and non-employees is included in the accompanying consolidated statements of operations and as follows:
 
 
 
Twelve months Ended
 
 
 
December 31,
 
 
 
2015
 
2014
 
Research and development
 
$
183,235
 
$
11,413
 
General and administrative
 
 
1,041,452
 
 
15,402
 
 
 
$
1,224,687
 
$
26,815