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Equity Incentive Plan (Tables)
6 Months Ended
Jun. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Stock Option Plans

A summary of the status of the Company’s option plans as of June 30, 2016 and changes during the period then ended is presented below:

 

 

 

Six months ended

June 30, 2016

 

 

 

Unaudited

 

 

 

Number

of options

 

 

Weighted

average

exercise

price

 

Outstanding at beginning of year

 

 

10,134,829

 

 

$

8.20

 

Granted

 

 

2,127,275

 

 

 

13.86

 

Exercised

 

 

(825,240

)

 

 

0.21

 

Forfeited and cancelled

 

 

(78,243

)

 

 

17.86

 

 

 

 

 

 

 

 

 

 

Outstanding as of June 30, 2016

 

 

11,358,621

 

 

 

9.77

 

 

 

 

 

 

 

 

 

 

Exercisable options

 

 

5,586,108

 

 

 

4.86

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest

 

 

11,157,637

 

 

$

9.71

 

 

Schedule of Fair Value of Share Based Awards Using Black-Scholes Option Pricing Model

The fair value of share-based awards was estimated using the Black-Scholes option-pricing model for all grants with the following underlying assumptions: 

 

 

 

Six months ended

June 30,

 

 

Year ended

December 31,

 

 

2016

 

2015

 

 

2015

 

 

Unaudited

 

 

Audited

Expected term (years)

 

6.25

 

 

6.25

 

 

6.25

Expected volatility

 

59.80%-61.65%

 

62.5% - 65.8%

 

 

59.00%-65.80%

Risk-free interest rate

 

1.23%-1.88%

 

1.75% - 1.9%

 

 

1.74%-2.05%

Dividend yield

 

0%

 

0%

 

 

0%

 

Schedule of Non-cash Share-based Compensation Expense Related to Company's Equity-Based Awards

 

The total non-cash share-based compensation expense related to all of the Company’s equity-based awards recognized for the three and six months ended June 30, 2016 and 2015 and the year ended December 31, 2015 was:

 

 

 

Three months ended

June 30,

 

 

Six months ended

June 30,

 

 

Year ended

December 31,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

 

2015

 

 

 

Unaudited

 

 

Unaudited

 

 

Audited

 

Cost of revenues

 

$

170

 

 

$

6

 

 

$

311

 

 

$

19

 

 

$

174

 

Research, development and clinical trials

 

 

839

 

 

 

628

 

 

 

1,602

 

 

 

1,049

 

 

 

2,529

 

Sales and marketing

 

 

1,349

 

 

 

571

 

 

 

2,639

 

 

 

979

 

 

 

2,496

 

General and administrative

 

 

3,279

 

 

 

1,427

 

 

 

6,541

 

 

 

2,397

 

 

 

6,661

 

Total share-based compensation expense

 

$

5,637

 

 

$

2,632

 

 

$

11,093

 

 

$

4,444

 

 

$

11,860