Stock-Based Compensation (Details Narrative)
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1 Months Ended |
3 Months Ended |
9 Months Ended |
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Dec. 14, 2016
Integer
shares
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Nov. 11, 2016
$ / shares
shares
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Mar. 31, 2016
$ / shares
shares
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Mar. 31, 2017
$ / shares
shares
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Apr. 30, 2017
USD ($)
$ / shares
shares
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Apr. 30, 2016
USD ($)
$ / shares
shares
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Apr. 30, 2017
USD ($)
$ / shares
shares
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Apr. 30, 2016
USD ($)
$ / shares
shares
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Jul. 31, 2016
shares
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Options granted to purchase shares |
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2,479,671
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Stock option exchange description |
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Stock options with an exercise price greater than or equal to $3.00, and held by employees, directors, and consultants in continuous service through the termination of the Exchange Offer, were eligible for exchange in the Exchange Offer. An exchange rate of 2 for 1 applied to options priced from $3.00 to $9.99, and an exchange rate of 3 for 1 applied to options priced at $10 or greater. Each new stock option was granted pursuant to OncoSecs 2011 Stock Incentive Plan, as amended and restated, on the date the Exchange Offer closed and was priced at the market price on that date.
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Weighted-average grant date fair value | $ / shares |
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$ 1.08
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$ 1.44
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$ 1.13
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$ 6.20
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Shares issued, price per share | $ / shares |
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$ 2.02
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Common shares outstanding |
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21,168,194
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21,168,194
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18,036,263
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Restricted Stock Units (RSUs) [Member] |
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Common shares outstanding |
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1,115,000
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1,115,000
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Prior Period [Member] |
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Restricted stock units forfeited | $ |
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$ 90,000
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Research And Development Expense [Member] |
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Stock-based compensation expense recognized | $ |
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200,000
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$ 300,000
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$ 1,000,000
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$ 800,000
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Research And Development Expense [Member] | Restricted Stock Units (RSUs) [Member] |
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Stock-based compensation expense recognized | $ |
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100,000
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28,000
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400,000
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100,000
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General And Administrative Expense [Member] |
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Stock-based compensation expense recognized | $ |
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400,000
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$ 1,300,000
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2,200,000
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$ 3,800,000
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General And Administrative Expense [Member] | Restricted Stock Units (RSUs) [Member] |
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Stock-based compensation expense recognized | $ |
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100,000
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$ 300,000
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Plan 2011 [Member] |
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Options granted to purchase shares |
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637,000
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2,689,250
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Term of stock options |
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10 years
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Vesting period |
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3 years
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Exercise price per share, low end of the range | $ / shares |
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$ 1.64
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Exercise price per share, high end of the range | $ / shares |
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$ 6.21
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2015 ESPP [Member] |
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Purchase price of incentive stock options as a percentage of its fair value |
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85.00%
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Stock-based compensation expense recognized | $ |
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9,000
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$ 27,000
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Stock issued during period, shares, employee stock purchase plans |
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500,000
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Discount from market price, offering date |
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15.00%
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Risk-free interest rate |
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0.40%
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Forfeiture percentage |
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0.00%
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Volatility rate |
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96.91%
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Expected term of volatility |
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6 months
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Dividend rate |
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0.00%
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Employee stock purchase program description |
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The ESPP is considered a Type B plan. The fair value of the awards were calculated at the beginning of the offering period as the sum of:
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2015 ESPP [Member] | General And Administrative Expense [Member] |
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Stock-based compensation expense recognized | $ |
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5,000
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$ 14,000
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2015 ESPP [Member] | Research and Development [Member] |
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Stock-based compensation expense recognized | $ |
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$ 4,000
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$ 13,000
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ESPP [Member] |
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Number of shares available for issuance |
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463,580
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463,580
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Exchange Offer [Member] |
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Number of eligible participants | Integer |
29
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29 Eligible Participants [Member] |
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New options |
1,070,536
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Shares purchased |
2,214,500
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Exchange Rate of 2 for 1 Applied [Member] |
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Exercise price per share, low end of the range | $ / shares |
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$ 3.00
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Exercise price per share, high end of the range | $ / shares |
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9.99
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Exchange Rate of 3 for 1 Applied [Member] |
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Exercise price per share, low end of the range | $ / shares |
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10
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First Offering Period [Member] | 2015 ESPP [Member] | July 31, 2016 [Member] |
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Shares purchased |
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17,789
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Second Offering Period [Member] | 2015 ESPP [Member] | January 31, 2017 [Member] |
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Shares purchased |
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18,631
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Employee, Director and Consultants [Member] |
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Stock options exercise price | $ / shares |
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$ 3.00
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Employee, Director and Consultants [Member] | Restricted Stock Units (RSUs) [Member] |
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Vesting period |
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3 years
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Employee, Director and Consultants [Member] | Plan 2011 [Member] |
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Options granted to purchase shares |
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1,238,500
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2,749,536
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Employee [Member] | Restricted Stock Units (RSUs) [Member] |
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Share based compensation shares issued |
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555,000
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Employee [Member] | Plan 2011 [Member] |
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Options granted to purchase shares |
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813,500
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1,585,037
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Term of stock options |
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10 years
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Vesting period |
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3 years
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Exercise price per share, low end of the range | $ / shares |
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$ 1.29
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Exercise price per share, high end of the range | $ / shares |
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$ 1.78
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Consultants [Member] | Restricted Stock Units (RSUs) [Member] |
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Share based compensation shares issued |
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25,000
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Consultants [Member] | Plan 2011 [Member] |
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Options granted to purchase shares |
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365,000
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10,000
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839,083
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78,000
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Term of stock options |
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3 years
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Vesting period |
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10 years
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Exercise price per share, low end of the range | $ / shares |
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$ 1.29
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$ 2.02
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Exercise price per share, high end of the range | $ / shares |
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$ 2.00
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$ 5.76
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Consultants [Member] | Plan 2011 [Member] | Minimum [Member] |
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Term of stock options |
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3 years
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Consultants [Member] | Plan 2011 [Member] | Maximum [Member] |
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Term of stock options |
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10 years
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Non Employee Directors [Member] | Plan 2011 [Member] |
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Options granted to purchase shares |
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60,000
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325,416
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Term of stock options |
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10 years
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Vesting period |
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1 year
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Exercise price per share, low end of the range | $ / shares |
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$ 1.29
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Exercise price per share, high end of the range | $ / shares |
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$ 1.34
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Employees [Member] | Restricted Stock Units (RSUs) [Member] |
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Share based compensation shares issued |
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525,000
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Shares issued, price per share | $ / shares |
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$ 1.34
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Employees [Member] | Plan 2011 [Member] |
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Options granted to purchase shares |
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589,500
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1,955,750
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Employees and Non-Employee Directors [Member] | Plan 2011 [Member] |
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Options granted to purchase shares |
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37,500
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655,500
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Term of stock options |
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10 years
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Vesting period |
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1 year
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Exercise price per share, low end of the range | $ / shares |
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$ 2.02
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Exercise price per share, high end of the range | $ / shares |
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$ 5.16
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Employees Outside [Member] | Plan 2011 [Member] |
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Options granted to purchase shares |
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0
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270,000
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Term of stock options |
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10 years
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Vesting period |
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3 years
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Exercise price per share, high end of the range | $ / shares |
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$ 1.71
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Employees, Directors and Consultants [Member] |
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Stock-based compensation expense recognized | $ |
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$ 600,000
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$ 1,600,000
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$ 3,100,000
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$ 4,600,000
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Director [Member] | Restricted Stock Units (RSUs) [Member] |
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Share based compensation shares issued |
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100,000
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