Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation and Restricted Stock Compensation

v3.4.0.3
Stock Based Compensation and Restricted Stock Compensation
 3 Months Ended
Mar. 31, 2016
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, 2016, we recognized stock-based compensation expense of $1,592,000 for granted options. For the three months ended March 31, 2015 we recognized stock-based compensation expense of $224,000.

 

The following table summarizes stock-based compensation for the three months ended March 31, 2016 and 2015:

 

   

Three months ended

March 31,

  
    2016     2015  
Research and development   $ 341,000     $ 18,000  
General and administrative     1,251,000       206,000  
Stock-based compensation expense
included in operating expense		   $ 1,592,000     $ 224,000  

 

For the three months ended March 31, 2016 we granted 1,315,000 stock options and for the three months ended March 31, 2015 we granted 120,000 stock options.

 

For the three months ended March 31, 2016, we recognized restricted stock compensation expense of $1,892,000 for granted stock. For the three months ended March 31, 2015 there was no restricted stock compensation expense recognized.

 

The following table summarizes restricted stock compensation expense for the three months ended March 31, 2016 and 2015:

 

   

Three months ended

March 31,

 
    2016     2015  
Research and development   $ 62,000     $ -  
General and administrative     1,830,000       -  
Stock-based compensation expense
included in operating expense		   $ 1,892,000     $ -

 

For the three months ended March 31, 2016 and 2015 no stock granted to directors or officers.