Annual report pursuant to Section 13 and 15(d)

Equity Incentive Plan (Tables)

v3.6.0.2
Equity Incentive Plan (Tables)
 12 Months Ended
Dec. 31, 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 twelve months ended December 31, 2016 and 2015:
 
 
 
Number of
Options
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Contractual
Life
(In Years)
Outstanding at December 31, 2014
 
 
752,372
 
 
$
0.91
 
 
 
4.30
 
Granted
 
 
560,393
 
 
 
5.12
 
 
 
9.08
 
Exercised
 
 
(26,799
) 
 
 
2.37
 
 
 
  
 
Expired
 
 
(8,599
) 
 
 
0.65
 
 
 
 
Outstanding at December 31, 2015
 
 
1,277,367
 
 
$
2.75
 
 
 
4.94
 
Granted
 
 
377,771
 
 
 
2.74
 
 
 
9.79
 
Exercised
 
 
(86,765
) 
 
 
0.65
 
 
 
  
 
Expired (Forfeited)
 
 
(58,662
) 
 
 
3.31
 
 
 
 
Outstanding at December 31, 2016
 
 
1,509,711
 
 
$
2.85
 
 
 
5.04
 
Exercisable at December 31, 2016
 
 
1,004,395
 
 
$
2.86
 
 
 
3.09
 
Vested and Expected to Vest at December 31, 2016
 
 
1,509,711
 
 
$
2.85
 
 
 
5.04
 
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:
 
 
 
Year Ended December 31
  
 
2016
 
2015
Research and Development
 
$
46,288
 
 
$
183,235
 
General and Administrative
 
 
464,707
 
 
 
1,041,452
 
  
 
$
510,995
 
 
$
1,224,687