Annual report pursuant to Section 13 and 15(d)

Employee Stock Options (Tables)

v3.3.1.900
Employee Stock Options (Tables)
 12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Stock Option Activity
A summary of the option activity as of December 31, 2015 and changes during the fiscal year then ended is presented below:
 
 
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
 
 
Average
 
 
 
 
 
 
 
 
Weighted
 
Remaining
 
 
 
 
 
 
 
Average
 
Contractual
 
Aggregate
 
 
 
Options
Outstanding
 
Exercise 
Price
 
Life 
(Years)
 
Intrinsic
Value
 
Outstanding as of December 31, 2014
 
 
10,791
 
$
0.79
 
 
 
 
 
 
 
Granted
 
 
4,705
 
$
1.36
 
 
 
 
 
 
 
Exercised
 
 
(1,407)
 
$
0.51
 
 
 
 
 
 
 
Forfeited
 
 
(232)
 
$
1.02
 
 
 
 
 
 
 
Expired
 
 
(114)
 
$
0.60
 
 
 
 
 
 
 
Outstanding as of December 31, 2015
 
 
13,743
 
$
1.01
 
 
7.78
 
$
2,788
 
Vested and expected to vest at December 31, 2015
 
 
12,679
 
$
0.99
 
 
7.66
 
$
2,774
 
Exercisable as of December 31, 2015
 
 
6,308
 
$
0.70
 
 
6.27
 
$
2,569
 
Schedule of Shares available for future grant
Shares available for future grant under the 2014 Plan is as follows for the year ended December 31, 2015:
 
 
 
 
Shares
Available For
Grant
 
Available as of December 31, 2014
 
 
3,311
 
Authorized shares increase
 
 
11,590
 
Granted
 
 
(4,705)
 
Forfeited
 
 
232
 
Expired
 
 
114
 
Available as of December 31, 2015
 
 
10,542
 
Summary of information about stock options outstanding
The following table summarizes information about stock options outstanding as of December 31, 2015:
 
 
 
Options Outstanding
 
Options Exercisable
 
 
 
 
 
 
Weighted-Average
 
Weighted
 
 
 
 
Weighted
 
Range of
 
 
 
 
Remaining
 
Average
 
 
 
 
Average
 
Exercise
 
Number of
 
Contractual Life
 
Exercise
 
Number of
 
Exercise
 
Prices
 
Shares
 
(Years)
 
Price
 
Shares
 
Price
 
$0.04 - $0.07
 
 
806
 
 
2.96
 
$
0.05
 
 
806
 
$
0.05
 
$0.39 - $1.00
 
 
6,037
 
 
6.76
 
$
0.69
 
 
4,591
 
$
0.63
 
$1.06 - $1.87
 
 
6,234
 
 
9.36
 
$
1.33
 
 
584
 
$
1.28
 
$2.19 - $2.19
 
 
666
 
 
8.04
 
$
2.19
 
 
327
 
$
2.19
 
 
 
 
13,743
 
 
7.78
 
$
1.01
 
 
6,308
 
$
0.70
 
Allocation of Stock Option Compensation Expense
Stock-based compensation is included in the consolidated statements of operations in general and administrative, research and development or sales and marketing expenses, depending upon the nature of services provided. Stock-based compensation expense recorded to operations for stock options for both employees and non-employees was as follows:
 
 
 
Years Ended December 31,
 
 
 
2015
 
2014
 
2013
 
Sales and marketing
 
$
579
 
$
345
 
$
111
 
Research and development
 
 
414
 
 
180
 
 
74
 
General and administrative
 
 
738
 
 
618
 
 
206
 
 
 
$
1,731
 
$
1,143
 
$
391
 
Schedule of Fair Value Calculation Assumptions
The fair value of each stock option grant was estimated on the date of grant using the Black-Scholes option pricing model under the following assumptions:
 
 
 
Years Ended December 31,
 
 
 
2015
 
2014
 
2013
 
Dividend yield
 
—
 
—
 
—
 
Risk-free interest rate
 
1.41% - 2.50%
 
0.97% - 2.61%
 
.83% - 1.93%
 
Expected term (in years)
 
5.52-10
 
3-10
 
5-6
 
Volatility
 
73.21%-75.67%
 
66%-75%
 
65% -71%