Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation (Tables)

v3.5.0.2
Stock-based Compensation (Tables)
6 Months Ended
Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Stock Option Activity
The following table summarizes information about the Company’s stock options outstanding at June 30, 2016, and activity during the six month period then ended:
 
 
 
 
 
 
 
 
 
Weighted-
 
 
 
 
 
 
 
 
 
 
 
Average
 
 
 
 
 
 
 
 
Weighted-
 
Remaining
 
 
 
 
 
 
 
 
Average
 
Contractual
 
Aggregate
 
 
 
Stock
Awards
 
Exercise
Price
 
Life
(Years)
 
Intrinsic
Value
 
Balance as of December 31, 2015
 
 
1,963
 
$
7.09
 
 
 
 
 
 
 
 
Options granted
 
 
492
 
$
6.30
 
 
 
 
 
 
 
 
Options exercised
 
 
(18)
 
$
3.16
 
 
 
 
 
 
 
 
Options forfeited
 
 
(120)
 
$
8.41
 
 
 
 
 
 
 
 
Options cancelled
 
 
(14)
 
$
8.66
 
 
 
 
 
 
 
 
Balance as of June 30, 2016
 
 
2,303
 
 
6.87
 
 
 
7.66
 
$
815
 
Vested and expected to vest at June 30, 2016
 
 
2,143
 
 
 
 
 
 
7.54
 
$
815
 
Exercisable as of June 30, 2016
 
 
1,135
 
 
 
 
 
 
6.14
 
$
804
 
Schedule of Fair Value Calculation Assumptions
The per-share fair value of each stock option was determined on the date of grant using the Black-Scholes option pricing model using the following assumptions:
 
 
 
Three months ended June 30,
 
Six months ended June 30,
 
 
 
2016
 
2015
 
2016
 
2015
 
 
 
 
 
 
 
 
 
 
 
Dividend yield
 
 
 
 
 
Risk-free interest rate
 
1.28% - 1.43%
 
1.44% - 2.34%
 
1.24% - 1.78%
 
1.41% - 2.34%
 
Expected term (in years)
 
5-6
 
6-10
 
5-10
 
6-10
 
Volatility
 
78%
 
73% - 74%
 
78%
 
73% - 74%
 
Allocation of Stock Option Compensation Expense
Total stock-based compensation expense related to options granted to employees and non-employees was included in the condensed consolidated statements of operations and comprehensive loss as follows:
 
 
 
Three months ended June 30,
 
Six months ended June 30,
 
 
 
2016
 
2015
 
2016
 
2015
 
Sales and marketing
 
$
206
 
$
161
 
$
438
 
$
292
 
Research and development
 
 
141
 
 
108
 
 
372
 
 
162
 
General and administrative
 
 
180
 
 
174
 
 
1,291
 
 
337
 
 
 
$
527
 
$
443
 
$
2,101
 
$
791