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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Stock-Based Compensation Expense Related to Options Granted to Employees and Consultants

The following table sets forth stock-based compensation expense related to options granted to employees and consultants for all periods presented (in thousands):

 

 

 

Three Months Ended

March 31,

 

 

 

2016

 

 

2015

 

Research and development

 

$

174

 

 

$

18

 

General and administrative

 

 

240

 

 

 

17

 

Total

 

$

414

 

 

$

35

 

 

Summary of Stock Option Activity Under Plans

The following summarizes option activity under the 2012 Equity Incentive Plan and 2015 Stock Option and Incentive Plan:

 

 

 

Shares Subject to

 

 

Weighted Average

 

 

 

Outstanding Options

 

 

Exercise Price Per Share

 

Balance at December 31, 2015

 

 

1,318,647

 

 

 

2.29

 

Options granted

 

 

605,134

 

 

 

8.80

 

Options exercised

 

 

 

 

 

 

Options canceled

 

 

(13,600

)

 

 

10.00

 

Balance at March 31, 2016

 

 

1,910,181

 

 

 

4.30