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Stock-Based Compensation Plan (Tables)
3 Months Ended
Mar. 31, 2019
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 three months ended March 31, 2019:
 
 
 
 
 
 
Weighted-
 
 
 
 
 
 
Average
 
 
 
 
 
 
Exercise
 
 
 
Options
 
 
Price
 
 
 
(in thousands)
 
 
 
 
Outstanding at December 31, 2018
 
 
37
 
 
$
112.60
 
Granted
 
 
35
 
 
 
18.40
 
Cancelled
 
 
(1
)
 
 
41.33
 
Outstanding at March 31, 2019
 
 
71
 
 
 
67.26
 
Exercisable at March 31, 2019
 
 
16
 
 
 
186.16
 
Warrant [Member]  
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 three months ended March 31, 2019 and 2018, respectively:
 
 
 
2019
 
 
2018
 
Risk-free interest rate
 
 
2.23
%
 
 
2.59
%
Expected volatility
 
 
126
%
 
 
95
%
Expected term in years
 
 
6.0
 
 
 
6.1
 
Dividend yield
 
 
-%
 
 
 
-%