Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.19.3
STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2019
STOCK-BASED COMPENSATION  
Schedule of Accounting for Stock-Based Compensation

The following table summarizes amounts charged to expense for stock-based compensation related to employee and director stock option grants and recorded in connection with stock options granted to non-employee consultants:

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

September 30, 

 

    

2019

    

2018

 

 

 

 

 

 

 

Employee and director stock option grants:

 

 

  

 

 

  

Research and development

 

$

47,825

 

$

102,161

General and administrative

 

 

611,074

 

 

410,752

Total stock-based compensation

 

$

658,899

 

$

512,913

 

Schedule of Stock Options Activity

A summary of stock option activity is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

Number of

 

 

 

Average

 

 

 

 

Shares Issuable

 

 

 

Remaining

 

 

 

 

Upon Exercise

 

Weighted

 

Contracted

 

Aggregate

 

 

of Outstanding

 

Average

 

Term in

 

Intrinsic

 

    

Options

    

Exercise Price

    

Years

    

Value

Outstanding at December 31, 2018

 

232,343

 

$

14.37

 

9.30

 

$

 —

Granted

 

411,930

 

$

2.33

 

  

 

 

  

Expired

 

 —

 

$

 —

 

  

 

 

  

Forfeited

 

(33,559)

 

$

4.78

 

  

 

 

  

Outstanding at September 30, 2019

 

610,714

 

$

6.78

 

9.08

 

$

 —

 

 

 

 

 

 

 

 

 

 

 

Exercisable, September 30, 2019

 

118,515

 

$

24.72

 

8.14

 

$

 —

Unvested, September 30, 2019

 

492,199

 

$

2.45

 

9.31

 

$

1,188

 

Schedule of Restricted Stock Grants

The following table summarizes the restricted stock grants:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Average

 

 

 

 

 

 

Grant Date

 

Total Grant

 

 

Number of

 

Fair Value

 

Date Fair

 

    

Shares

    

Per Share

    

Value

Outstanding at December 31, 2018

 

18,668

 

$

21.00

 

$

392,000

Granted

 

 —

 

$

 —

 

$

 —

Vested

 

(9,334)

 

$

21.00

 

$

(196,000)

Forfeited

 

 —

 

$

 —

 

$

 —

Outstanding at September 30, 2019

 

9,334

 

$

21.00

 

$

196,000