Annual report pursuant to Section 13 and 15(d)

Stock Based Compensation (Tables)

v3.10.0.1
Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity

The following is a summary of the Company’s stock option activity during the year ended December 31, 2018:

 

 

 

Number of

Options

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Life In

Years

 

 

Intrinsic

Value

 

Outstanding at January 1, 2018

 

 

1,037,239

 

 

$

4.80

 

 

 

6.4

 

 

$

15,198,044

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(380,745

)

 

 

3.47

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2018

 

 

656,494

 

 

$

5.57

 

 

 

4.6

 

 

$

252,887

 

Exercisable at December 31, 2018

 

 

656,494

 

 

$

5.57

 

 

 

4.6

 

 

$

252,887

 

Schedule of Restricted Stock Units Activity A summary of the activity related to RSUs for the year ended December 31, 2018 is presented below:

 

 

 

Total

 

 

Weighted

Average Grant

Date Fair Value

 

Outstanding at January 1, 2018

 

 

2,274,325

 

 

$

13.75

 

RSUs granted

 

 

1,378,301

 

 

$

15.89

 

RSUs forfeited

 

 

(220,433

)

 

$

14.36

 

RSUs vested

 

 

(963,019

)

 

$

13.30

 

Outstanding at December 31, 2018

 

 

2,469,174

 

 

$

15.07

 

 

Summary of Activity Related to PSUs A summary of the activity related to PSUs for the year ended December 31, 2018 is presented below:

 

 

 

Total

 

 

Weighted

Average Grant

Date Fair Value

 

Outstanding at January 1, 2018

 

 

951,657

 

 

$

2.65

 

PSUs granted

 

 

 

 

$

 

PSUs forfeited

 

 

(656,688

)

 

$

2.65

 

PSUs vested

 

 

(294,969

)

 

$

2.65

 

Outstanding at December 31, 2018

 

 

 

 

$

 

 

Summary of Fair Values of Purchase Options Granted The fair values of the purchase options granted were estimated using the following assumptions:

 

 

For the Year Ended

December 31, 2018

Stock price range

$

14.48 – 22.34

 

Dividend yield

 

0

%

Expected volatility range

 

72 – 177

%

Risk-free interest rate range

 

1.61 – 2.14

%

Expected life

 

6 months

 

 

 

 

 

 

For the Year Ended

December 31, 2017

Stock price range

$

16.08 – 17.59

 

Dividend yield

 

0

%

Expected volatility range

 

56 – 66

%

Risk-free interest rate range

 

0.62 – 1.11

%

Expected life

 

6 months

 

 

 

 

 

 

Summary of Stock-based Compensation Costs Recognized

The following tables summarize total stock-based compensation costs recognized for years ended December 31, 2018 and 2017:

 

 

 

For the Years Ended December 31,

 

 

 

2018

 

 

2017

 

Stock options

 

$

 

 

$

764,723

 

RSUs

 

 

15,359,011

 

 

 

13,043,171

 

PSUs

 

 

819,816

 

 

 

1,661,650

 

DSUs

 

 

 

 

 

1,362

 

ESPP

 

 

574,927

 

 

 

331,913

 

Total

 

$

16,753,754

 

 

$

15,802,819

 

 

Summary of Stock-based Compensation Reflected within Statements of Operations

The total amount of stock-based compensation was reflected within the statements of operations as:

 

 

 

For the Years Ended December 31,

 

 

 

2018

 

 

2017

 

Research and development

 

$

9,676,156

 

 

$

8,522,798

 

Sales and marketing

 

 

1,416,136

 

 

 

1,113,120

 

General and administrative

 

 

5,661,462

 

 

 

6,166,901

 

Total

 

$

16,753,754

 

 

$

15,802,819