Quarterly report pursuant to Section 13 or 15(d)

Equity Incentive Plan (Tables)

v3.5.0.2
Equity Incentive Plan (Tables)
6 Months Ended
Jun. 30, 2016
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 six months ended June 30, 2016 and 2015:
 
 
 
Number of Options
 
Weighted-Average
Exercise Price
 
Weighted-Average
Contractual Life
(In Years)
 
Six Months Ended June 30, 2015
 
 
 
 
 
 
 
 
 
 
Outstanding at Beginning of Year
 
 
752,372
 
$
0.91
 
 
4.55
 
Granted
 
 
435,393
 
 
5.80
 
 
9.63
 
Exercised
 
 
(23,075)
 
$
0.65
 
 
 
 
Expired
 
 
(8,600)
 
$
0.65
 
 
 
 
Outstanding at End of Period
 
 
1,156,090
 
$
2.69
 
 
4.84
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at End of Period
 
 
841,031
 
$
2.70
 
 
4.75
 
 
 
 
 
 
 
 
 
 
 
 
Vested and Expected to Vest at End of Period
 
 
841,031
 
$
2.70
 
 
4.75
 
  
 
 
Number of Options
 
Weighted-Average
Exercise Price
 
Weighted-Average
Contractual Life
(In Years)
 
Six Months Ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
Outstanding at Beginning of Year
 
 
1,277,367
 
$
2.75
 
 
4.94
 
Granted
 
 
252,256
 
 
2.96
 
 
9.70
 
Exercised
 
 
(86,765)
 
$
0.65
 
 
 
 
Forfeited
 
 
(12,362)
 
$
3.93
 
 
 
 
Outstanding at End of Period
 
 
1,430,496
 
$
2.95
 
 
5.23
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at End of Period
 
 
909,868
 
$
2.84
 
 
4.38
 
 
 
 
 
 
 
 
 
 
 
 
Vested and Expected to Vest at End of Period
 
 
909,868
 
$
2.84
 
 
4.38
 
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 condensed consolidated statements of operations and as follows:
 
 
 
Six Months Ended
June 30,
 
 
 
2016
 
2015
 
Research and Development
 
$
18,600
 
$
202,191
 
General and Administrative
 
 
218,804
 
 
573,104
 
 
 
$
237,404
 
$
775,295