Quarterly report pursuant to Section 13 or 15(d) 09-30-2018

Stock-Based Compensation

v3.10.0.1
Stock-Based Compensation
9 Months Ended
Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation

9. Stock-Based Compensation

 

A summary of the Company’s outstanding stock option activity for the nine months ended September 30, 2018 is as follows:

 

    Options    

Weighted-
Average

Exercise Price

   

Weighted-

Average
Remaining
Contractual
Life
(Years)

    Intrinsic
Value
 
As of December 31, 2017     11,302     $ 264.26       7.3     $ -  
Granted     -       -       -       -  
Exercised     -       -       -       -  
Forfeited     -       -       -       -  
Expired     -       -       -       -  
As of September 30, 2018     11,302     $ 264.26       6.5     $ -  
Exercisable as of September 30, 2018     10,422     $ 266.80       7.4     $ -  
Expected to vest as of September 30, 2018     11,302     $ 264.26       6.5     $ -  

 

The Company estimates the fair value of each stock option on the grant date using the Black-Scholes-Merton valuation model, which requires several estimates including an estimate of the fair value of the underlying common stock on grant date. The expected volatility was based on an average of the historical volatility of a peer group of similar companies. The expected term was calculated utilizing the simplified method. The risk-free interest rate was based on the U.S. Treasury yield curve in effect at the time of grant for the expected term of the option.

 

Summary of Stock-Based Compensation Expense

 

Total stock-based compensation expense included in the condensed consolidated statements of operations is allocated as follows (in thousands):

 

    Three Months Ended September 30,     Nine Months Ended September 30,  
    2018     2017     2018     2017  
Cost of revenue   $ -     $ -     $ -     $ 10  
Research and development     -       11       1       61  
General and administrative     3       23       22       69  
Selling and marketing     2       20       17       33  
    $ 5     $ 54     $ 40     $ 173  

 

As of September 30, 2018, there is no unrecognized stock-based compensation.