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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity

A summary of stock option activity under our 2011 Equity Incentive Plan (“2011 Plan”) for the three months ended March 31, 2019 is presented below (in thousands, except per share and contractual life data).

 

 

 

Number of

Shares

 

 

Weighted

Average

Exercise

Price

Per Share

 

 

Weighted

Average

Remaining

Contractual

Life (in

Years)

 

Options outstanding as of December 31, 2018

 

 

7,120

 

 

$

3.83

 

 

 

6.81

 

        Granted

 

 

2,103

 

 

$

0.78

 

 

 

 

 

        Exercised

 

 

 

 

$

 

 

 

 

 

 

        Forfeited or expired

 

 

(636

)

 

$

3.99

 

 

 

 

 

Options outstanding as of March 31, 2019

 

 

8,587

 

 

$

3.07

 

 

 

7.77

 

Options exercisable as of March 31, 2019

 

 

3,357

 

 

$

5.26

 

 

 

5.76

 

Summary of Restricted Stock Unit (RSU) Activity

The following table summarizes restricted stock unit (“RSU”) activity for the three months ended March 31, 2019 (in thousands, except per share data):

 

 

 

Number

of Shares

 

 

Weighted

Average Grant

Date Fair Value

Per Share

 

Outstanding as of December 31, 2018

 

 

35

 

 

$

12.43

 

        Awarded

 

 

527

 

 

 

0.75

 

        Vested and released

 

 

(49

)

 

 

3.66

 

        Forfeited/canceled

 

 

 

 

 

 

Outstanding as of March 31, 2019

 

 

513

 

 

$

1.28

 

Stock-based Compensation Expense

Stock-based compensation expense recognized for stock-based awards in the condensed consolidated statements of operations for the three months ended March 31, 2019 and 2018 was as follows (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2019

 

 

2018

 

Cost of sales

 

$

47

 

 

$

65

 

Research and development

 

 

187

 

 

 

103

 

Clinical and regulatory

 

 

34

 

 

 

92

 

Selling and marketing

 

 

130

 

 

 

123

 

General and administrative

 

 

500

 

 

 

902

 

 

 

$

898

 

 

$

1,285