Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation and Restricted Stock Compensation

v3.7.0.1
Stock Based Compensation and Restricted Stock Compensation
 3 Months Ended
Mar. 31, 2017
Stock Based Compensation and Restricted Stock Compensation [Abstract]  
Stock Based Compensation and Restricted Stock Compensation
(4)          Stock Based Compensation and Restricted Stock Compensation

For the three months ended March 31, 2017, we recognized stock-based compensation expense of $1,492,000 for granted options. For the three months ended March 31, 2016 we recognized stock-based compensation expense of $1,592,000.
 
The following table summarizes stock-based compensation for the three months ended March 31, 2017 and 2016:
 
   
Three months ended March 31,
 
   
2017
   
2016
 
Research and development
  
$
356,000
    
$
341,000
  
General and administrative
    
1,136,000
      
1,251,000
  
Stock-based compensation expense included in operating expense
  
$
1,492,000
    
$
1,592,000
  

For the three months ended March 31, 2017, we granted no stock options and for the three months ended March 31, 2016 we granted 1,315,000 stock options.

For the three months ended March 31, 2017, we recognized restricted common stock compensation expense of $362,000 for granted restricted common stock. For the three months ended March 31, 2016, we recognized restricted stock compensation expense of $1,892,000 for granted restricted common stock compensation expense.

The following table summarizes restricted common stock compensation expense for the three months ended March 31, 2017 and 2016:
 
   
Three months ended March 31,
 
   
2017
   
2016
 
Research and development
  
$
-
    
$
62,000
  
General and administrative    
362,000
      
1,830,000
  
Stock-based compensation expense included in operating expense
  
$
362,000
    
$
1,892,000
  

For the three months ended March 31, 2017 and 2016 no stock was granted to directors or officers.