Note O - Severance Expense |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2016 | |||
| Notes to Financial Statements | |||
| Restructuring and Related Activities Disclosure [Text Block] |
On September 15, 2016, the Company announced its intention to defer its commercial operations and realign its financial resources and operational priorities towards its product development pipeline. The activities related to the deferral and realignment were completed during the year ended December 31, 2016. As part of these activities, the Company reduced its workforce by three employees. Personnel and other related charges of approximately $1.1 million and stock compensation expense of approximately $1.9 million related to the acceleration of vesting on certain stock options, related to the workforce reduction, are presented as severance expense in the statements of operations. As of December 31, 2016, the Company had accrued severance expense recorded within accounts payable and accrued expenses in the amount of $0.6 million. |