Post-effective amendment to a registration statement that is not immediately effective upon filing

Summary of Significant Accounting Policies (Tables)

v3.3.1.900
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2015
Accounting Policies [Abstract]  
Property And Equipment Estimated Useful Lives

The estimated useful life of the different groups of property and equipment is as follows:

 

Asset Classification

   Estimated useful life (in years)

Leasehold improvements

   shorter of useful life or remaining life of the lease

Laboratory equipment

   1 - 14

Office and computer equipment

   1 - 15

Schedule of Fair Value Assumptions

Accordingly, the weighted-average fair value of the options granted during the years ended December 31, 2015 and 2014 was $2.02 and $1.30, respectively based on the following assumptions:

 

     Years Ended December 31,
     2015    2014

Risk free interest rate

   1.47%-1.89%    1.77%

Expected term

   5.0 – 6.1 years    5.6 – 5.8 years

Dividend yield

   —      —  

Expected volatility

   72.65%-75.07%    74.66%
Schedule of Stock-Based Compensation Expense

Total stock-based compensation expense was recorded in operating expenses based upon the functional responsibilities of the individuals holding the respective options as follows:

 

     Years Ended
December 31,
 
     2015      2014  

Research and development

   $ 379,066       $ 7,623   

General and administrative

     785,567         563,759   
  

 

 

    

 

 

 

Total stock-based compensation

   $ 1,164,633       $ 571,382   
  

 

 

    

 

 

 

Schedule of Changes to Accumulated Other Comprehensive Income

Changes to accumulated other comprehensive income as of December 31, 2015 were as follows:

 

     Foreign
Currency
Translation
Adjustment
     Accumulated
Other
Comprehensive
Income
 

Balance—December 31, 2013

   $ (956,273    $ (956,273

Current period other comprehensive loss

     113,176         113,176   

Balance—December 31, 2014

     (843,097      (843,097

Current period other comprehensive loss

     (429,477      (429,477
  

 

 

    

 

 

 

Balance—December 31, 2015

   $ (1,272,574    $ (1,272,574