Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | 10 . Summary of Stock Options Stock Option Plans The Company has issued equity awards in the form of stock options and restricted stock awards from three ’s 2005 “2005 2006 “2006 2013 “2013 There are currently no 2005 no are available for future awards. The 2006 and was terminated in conjunction with the merger that took place on September 23, 2014 2006 2006 2006 38,378 no $10.49 4.88 The 2013 the Company’s board of directors and approved by its stockholders. The 2013 2013 may may -based awards or dividend equivalent rights. Awards may 2013 may not 10 may four may 424 10% no 110% not five On August 22, 2016, ’s stockholders approved an amendment to the 2013 first January, 2013 4% December 23, 2016, 2017 2013 523,209 2,000,000 2,523,209 January 1, 2017. August 15, 2017, 2013 2013 2,523,209 4,000,000 December 6, 2017, 2018 2013 780,143 4,000,000 4,780,143 January 1, 2018 . As of December 31, 201 7, 2013 2,655,846 1,186,527 $5.73 8.64 Activity under the 2005 the 2006 2013 Weighted Weighted Average Aggregate Number Average Remaining Intrinsic of Exercise Contractual Value Shares Price Term (years) (in thousands) Options outstanding, December 31, 2015 1,022,195 $ 6.47 9.37 $ 1,194,180 Options granted 978,966 $ 6.00 Options exercised (3,020 ) $ 4.80 Options cancelled (88,377 ) $ 7.41 Options outstanding, December 31, 2016 1,909,764 $ 6.19 9.12 $ 211,396 Options granted 1,000,985 $ 5.68 Options exercised (7,730 ) $ 4.02 Options cancelled (208,795 ) $ 8.88 Options outstanding, December 31, 2017 2,694,224 $ 5.80 8.58 $ 249,154 Vested and exercisable and expected to vest, end of period 2,539,133 $ 5.80 8.55 $ 239,624 Vested and exercisable, end of period 843,008 $ 5.86 7.65 $ 116,261 The aggregate intrinsic value reflects the difference between the exercise price of the underlying stock options and the Company ’s closing share price as of December 31, 2017 . The options outstanding and exercisable as of December 31, 2017 Options Outstanding Options Exercisabl e Weighte d Numbe r Weighte d Averag e Numbe r Weighte d Outstanding Averag e Remainin g Exercisabl e Averag e Range o f as o f Exercis e Contractua l as o f Exercis e Exercise Price s December 31, 201 7 Pric e Term (Years ) December 31, 201 7 Pric e $2.64 12,500 $ 2.64 7.37 8,334 $ 2.64 $3.68 - $3.76 66,876 $ 3.76 7.10 47,371 $ 3.76 $4.46 - $5.01 542,829 $ 4.72 8.51 183,555 $ 4.75 $5.22 557,358 $ 5.22 8.94 146,696 $ 5.22 $5.46 - $5.67 365,000 $ 5.58 9.72 - $ - $6.00 557,753 $ 6.00 7.96 278,880 $ 6.00 $6.24 - $6.61 122,038 $ 6.44 8.18 36,766 $ 6.32 $7.00 - $7.92 431,492 $ 7.65 8.75 103,028 $ 7.72 $9.92 38,135 $ 9.92 4.89 38,135 $ 9.92 $56.00 - $296.00 243 $ 100.46 2.96 243 $ 100.46 2,694,224 $ 5.80 8.58 843,008 $ 5.86 Restricted Stock Awards In January 2016, RSAs”) for 39,494 2013 2015 $6.24 89 September 2016. one January 2017 39,405 In August 2016, 5,998 2013 $7.89 ’s common stock on the award date. The RSAs were fully vested on the date of grant and 5,998 . In September 2016, 25,000 $7.58 d on the market price of the Company’s common stock on the award date. The RSA vests over one 1/4th December 31, 2017, 25,000 In November 2016, y granted RSAs for 6,544 2013 $5.91 6,544 . In May 2017, 4,797 2013 e fair value of $7.07 4,797 In September 2017, 6,9 47 2013 $5.58 6,947 In October 2017, 7,884 2013 5.55 7,884 In December 2017, 10,000 $4.94 four 1/4 th first December 31, 2017, zero There were 10,000 December 31, 2017 . 2017 In August 2017, ’s 2017 “2017 400,000 2017 may 2,000 2017 85% first three first 2017 October 1, 2017 December 31, 2017, 17,894 December 29, 2017 $4.2245 . As of December 31, 2017, 2017 382,106 The Company estimates the fair value of purchase rights under the ESPP using a Black-Scholes valuation model. The fair value of each purchase right under the ESPP was estimated on the date of grant using the Black-Scholes option valuation model and the straight-line attribution approach with the following weighted-average assumptions: Year Ended December 31, 2017 Expected term (in years) 0.25 Average volatility 61 % Risk-free interest rate 1.06 % Dividend yield 0 % The weighted average grant date fair value of the purchase rights issued under the 2017 December 31, 2017 $1.51 . Stock-Based Compensation During the years ended December 31, 2017 2016, 981,110 919,841 $2.88 $2.63 December 31, 2017 2016 $31,000 $5,000. The Company estimated the fair value of stock options using the Black-Scholes option pricing model. The fair value of employee stock options is being amortized on a straight-line basis over t he requisite service period of the awards. The fair value of employee stock options granted was estimated using the following weighted average assumptions: Year Ended December 31, 2017 2016 Expected term (in years) 5 5 Average volatility 59% 49% Risk-free interest rate 1.89% 1.78% Dividend yield 0% 0% During the year ended December 31, 2017 2016, 19,875 59,125 $4.09 $4.60 no December 31, 2017 2016. The fair value of nonemployee stock options granted was estimated using the following weighted average assumptions: Year Ended December 31, 2017 2016 Expected term (in years) 10 10 Average volatility 72% 51% Risk-free interest rate 2.38% 2.43% Dividend yield 0% 0% Option-pricing models require the input of various subjective assumptions, including the option ’s expected life and the price volatility of the underlying stock. The expected stock price volatility is based on analysis of the Company’s stock price history over a period commensurate with the expected term of the options, trading volume of comparable companies’ stock, look-back volatilities and the Company specific events that affected volatility in a prior period. The expected term of employee stock options represents the weighted average period the stock options are expected to remain outstanding and is based on the history of exercises and cancellations on all past option grants made by the Company, the contractual term, the vesting period and the expected remaining term of the outstanding options. The risk-free interest rate is based on the U.S. Treasury interest rates whose term is consistent with the expected life of the stock options. No not not The following table shows stock-based compensation expense included in the consolidated statements of operations for the years ended December 31, 201 7 2016 Year Ended December 31, 2017 2016 Cost of revenue $ 19 $ - Research and development 252 114 Selling, general and administrative 1,601 906 Total $ 1,872 $ 1,020 As of De cember 31, 2017, $4,547,000. 2.8 |