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Equity Incentive Plan (Tables)
9 Months Ended
Sep. 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 September 30, 2016 and changes during the period then ended is presented below: 

 

 

 

Nine months ended September 30,

 

 

 

Unaudited

 

 

 

Number

of options

 

 

Weighted

average

exercise

price

 

Outstanding at beginning of year

 

 

10,134,829

 

 

$

8.20

 

Granted

 

 

2,363,575

 

 

 

13.61

 

Exercised

 

 

(828,787

)

 

 

0.24

 

Forfeited and cancelled

 

 

(133,364

)

 

 

17.19

 

 

 

 

 

 

 

 

 

 

Outstanding as of September 30, 2016

 

 

11,536,253

 

 

 

9.78

 

 

 

 

 

 

 

 

 

 

Exercisable options

 

 

5,887,411

 

 

 

5.05

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest

 

 

11,329,415

 

 

$

9.71

 

 

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

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

 

 

 

Nine months ended September 30,

 

 

Year ended

December 31,

 

 

2016

 

 

2015

 

 

2015

 

 

Unaudited

 

 

Audited

Stock Option Plans

 

 

 

 

 

 

 

 

 

 

Expected term (years)

 

6.25

 

 

 

6.25

 

 

6.25

Expected volatility

 

59.12%-61.65%

 

 

62.50% - 65.80%

 

 

59.00%-65.80%

Risk-free interest rate

 

1.23%-1.88%

 

 

1.75% - 1.90%

 

 

1.74%-2.05%

Dividend yield

 

0%

 

 

0%

 

 

0%

ESPP

 

 

 

 

 

 

 

 

 

 

Expected term (years)

 

0.42

 

 

-

 

 

-

Expected volatility

 

 

70.45

%

 

-

 

 

-

Risk-free interest rate

 

 

0.40

%

 

-

 

 

-

Dividend yield

 

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 nine months ended September 30, 2016 and 2015 and the year ended December 31, 2015 was:

 

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

Year ended

December 31,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

 

2015

 

 

 

Unaudited

 

 

Unaudited

 

 

Audited

 

Cost of revenues

 

$

160

 

 

$

35

 

 

$

471

 

 

$

54

 

 

$

174

 

Research, development and clinical

   trials

 

 

776

 

 

 

668

 

 

 

2,378

 

 

 

1,717

 

 

 

2,529

 

Sales and marketing

 

 

1,249

 

 

 

571

 

 

 

3,888

 

 

 

1,550

 

 

 

2,496

 

General and administrative

 

 

3,441

 

 

 

1,654

 

 

 

9,982

 

 

 

4,051

 

 

 

6,661

 

Total share-based compensation

   expense

 

$

5,626

 

 

$

2,928

 

 

$

16,719

 

 

$

7,372

 

 

$

11,860