Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation

v3.8.0.1
Stock-Based Compensation
3 Months Ended
Mar. 31, 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 three months ended March 31, 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 March 31, 2018     11,302     $ 264.26       7.0     $ -  
Exercisable as of March 31, 2018     9,876     $ 279.01       8.0     $ -  
Expected to vest as of March 31, 2018     11,302     $ 264.26       7.0     $ -  

 

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 March 31,  
    2018     2017  
Cost of revenue   $ -     $ 5  
Research and development     -       26  
General and administrative     13       23  
Selling and marketing     11       6  
Capitalized into inventory     -       -  
    $ 24     $ 60  

 

Unrecognized stock-based compensation as of March 31, 2018 is as follows (in thousands):

 

   

Unrecognized

Stock-Based Compensation

   

Weighted
Average
Remaining
Period
of Recognition

(in years)

 
             
Stock options   $ 13       .15