Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2018
Employee Benefit Plans  
Assumptions made for the purpose of estimating fair value

 

 

 

 

 

 

 

 

 

    

2018

    

2017

    

2016

 

Expected term of options (years)

 

6

 

6

 

6

 

Risk free interest rate

 

2.81% - 2.88%

 

1.89% - 2.16%

 

1.27% - 1.69%

 

Volatility

 

98.31%-98.89%

 

99.24%-102.16%

 

103.87% - 104.88%

 

 

Schedule of Share-based Compensation, Stock Options, Activity

A summary of stock option activity for the year December 31, 2018 is as follows (in thousands except share amounts):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

 

    

Weighted

    

 

 

 

 

 

 

 

Weighted

 

Average

 

 

 

 

 

 

 

 

Average

 

Remaining

 

Aggregate

 

 

 

 

 

Exercise

 

Contractual

 

Intrinsic

 

 

 

Shares

 

Price

 

Terms

 

Value

 

Options outstanding at December 31, 2017

 

19,872,029

 

$

2.66

 

7.7

 

$

 —

 

Granted

 

2,679,667

 

 

1.96

 

 —

 

 

 —

 

Exercised

 

(276,668)

 

 

0.63

 

 —

 

 

 —

 

Forfeited

 

(246,378)

 

 

2.91

 

 —

 

 

 —

 

Expired

 

(71,500)

 

 

29.51

 

 —

 

 

 —

 

Options outstanding at December 31, 2018

 

21,957,150

 

$

2.51

 

7.1

 

$

1,432

 

Options exercisable at December 31, 2018

 

14,964,985

 

 

2.74

 

6.3

 

 

1,431

 

Options unvested at December 31, 2018

 

6,992,165

 

$

2.01

 

8.9

 

$

1,467

 

 

Nonvested Restricted Stock Shares Activity

A summary of restricted stock activity for the year ended December 31, 2018 is as follows (in thousands except share amounts):

 

 

 

 

 

 

 

 

 

    

 

    

Aggregate

 

 

 

 

 

Intrinsic

 

 

 

Shares

 

Value

 

Unvested restricted stock at December 31, 2017

 

234,744

 

$

 —

 

Granted

 

2,347,347

 

 

 —

 

Vested

 

(234,744)

 

 

 —

 

Unvested restricted stock at December 31, 2018

 

2,347,347

 

$

2,911