Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.8.0.1
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Stock Option Activity

A summary of the Company’s stock option activity for the years ended December 31, 2016 and 2015 is as follows:

 

          December 31, 2016        
          Weighted-Average     Weighted-Average
Remaining
Contractual Life 		       
    Options     Exercise Price     (Years)     Intrinsic Value  
Outstanding at December 31, 2015     9,364     $ 498.60                  
Granted     3,280     $ 16.44                  
Exercised                                
Forfeited                                
Expired     (1,198 )   $ 495.96                  
Outstanding at December 31, 2016     11,446     $ 367.08       8.2     $ -  
Exercisable at December 31, 2016     8,996     $ 507.72       7.9     $ -  
Vested and expected to vest at December 31, 2016     11,446     $ 367.08       8.7     $ -  

 

          December 31, 2015        
          Weighted-Average     Weighted-Average
Remaining
Contractual Life 		    Intrinsic  
    Options     Exercise Price     (Years)     Value  
Outstanding at December 31, 2014     7,691     $ 923.40                  
Granted     9,641       158.40                  
Exercised     -       -                  
Forfeited     (5,871 )     493.20                  
Expired     (2,097 )     763.80                  
Outstanding at December 31, 2015     9,364     $ 498.60       7.7     $ -  
Exercisable at December 31, 2015     3,740     $ 997.20       5.5     $ -  
Vested and expected to vest at December 31, 2015     9,166     $ 505.80       7.7     $ -  

Schedule of Black-Scholes-Merton Option Pricing Model

The following weighted average assumptions were used in the calculation to estimate the fair value of options granted to employees for the years ended December 31, 2016 and 2015:

 

    December 31,  
    2016     2015  
Weighted-average risk-free interest rate     1.63 %     1.64 %
Weighted-average expected life (in years)     6.30       6.30  
Expected dividend yield     0 %     0 %
Weighted-average expected volatility     66 %     48 %

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

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

 

    As of December 31,  
    2016     2015  
Cost of revenue   $ 17     $ 50  
Research and development     104       177  
General and administrative     132       514  
Selling and marketing     17       170  
Capitalized into inventory     3       75  
    $ 273     $ 986  

Schedule of Unrecognized Compensation Cost, Nonvested Awards

Unrecognized stock-based compensation at December 31, 2016 and 2015 were as follows (in thousands):

 

    As of December 31, 2016  
          Weighted  
          Average  
          Remaining  
    Unrecognized
Stock-Based 		    Period
of Recognition 		 
    Compensation     (in years)  
Stock options   $ 256       1.13  
                 

 

    As of December 31, 2015  
          Weighted  
          Average  
          Remaining  
    Unrecognized
Stock-Based 		    Period
of Recognition 		 
    Compensation     (in years)  
Stock options   $ 484       1.9