Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation

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Stock Based Compensation
6 Months Ended
Jun. 30, 2015
Stock Based Compensation [Abstract]  
Stock Based Compensation
(3)
Stock Based Compensation

For the three and six months ended June 30, 2015, we recognized stock-based compensation expense of $904,000 and $1,128,000, respectively. For the three and six months ended March 31, 2014 we recognized stock-based compensation expense of $192,000 and $987,000, respectively.

The following table summarizes stock-based compensation for the three and six months ended June 30, 2015 and 2014:

 
Three months ended
June 30,
 
Six months ended
June 30,
 
 
2015
 
2014
 
2015
 
2014
 
Research and development
 
$
86,000
   
$
18,000
   
$
104,000
   
$
95,000
 
Selling, general and administrative
   
818,000
     
174,000
     
1,024,000
     
892,000
 
Stock-based compensation expense included in operating expense
 
$
904,000
   
$
192,000
   
$
1,128,000
   
$
987,000
 
 
For the three and six months ended June 30, 2015 we granted 1,695,000 and 1,815,000 stock options, respectively, and for the three and six months ended June 30, 2014 we granted no stock options.

For the three and six months ended June 30, 2015 we granted 1,350,000 and 1,360,000 shares of our common stock to directors and employees. For the three and six months ended June 30, 2014 we granted 210,000 and 210,000 shares of our common stock to directors and employees.