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Stock-Based Compensation Plan (Tables)
9 Months Ended
Sep. 30, 2019
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The Company utilized the Black-Scholes valuation model for estimating the fair value of the stock options granted, with the following weighted-average assumptions for options granted in the nine months ended September 30, 2019 and 2018, respectively:

 

 

 

 

 

 

 

 

 

    

2019

    

2018

Risk-free interest rate

 

2.23

%

 

2.70

%

Expected volatility

 

126

%

 

90

%

Expected term in years

 

6.0

 

 

6.1

 

Dividend yield

 

 —

%

 

 —

%

 

Warrant [Member]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The following summary represents option activity under the Company’s stock-based compensation plans for the nine months ended September 30, 2019:

 

 

 

 

 

 

 

 

    

 

    

Weighted-

 

 

 

 

Average

 

 

 

 

Exercise

 

 

Options

 

Price

 

 

(in thousands)

 

 

 

Outstanding at December 31, 2018

 

37

 

$

112.60

Granted

 

35

 

 

18.40

Cancelled

 

(2)

 

 

41.28

Outstanding at September 30, 2019

 

70

 

 

67.71

Exercisable at September 30, 2019

 

25

 

$

139.48