Quarterly report pursuant to Section 13 or 15(d)

Share-based compensation

v3.7.0.1
Share-based compensation
 6 Months Ended
Jun. 30, 2017
Share-based compensation  
Share-based compensation

 

Note 10 — Share-based compensation

 

The following table shows the total share-based compensation expense included in the unaudited consolidated statements of operations (thousands):

 

 

 

Three months ended
June 30,

 

Six months ended
June 30,

 

 

 

2017

 

2016

 

2017

 

2016

 

Research and development

 

$
871

 

$
1,376

 

$
2,229

 

$
2,268

 

General and administrative

 
1,201

 
1,063

 
2,528

 
2,273

 

 

 

 

 

 

 

 

 

 

 

 

 

$
2,072

 

$
2,439

 

$
4,757

 

$
4,541

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

There were 1,252,176 and 1,768,243 options over ordinary shares granted in the three months ended June 30, 2017 and 2016, respectively, with a weighted average fair value of $0.42 and $0.89, respectively.  There were 20,203,152 and 15,343,797 options over ordinary shares granted in the six months ended June 30, 2017 and 2016, respectively, with a weighted average fair value of $0.35 and $0.70, respectively.

 

At June 30, 2017, there were 3,224,600 share options granted to nonemployees outstanding.  Share-based compensation expense relating to non-employee options was a benefit of $101,000 and an expense of $199,000 in the three months ended June 30, 2017 and 2016, respectively, and an expense of $104,000 and a benefit of $114,000 in the six months ended June 30, 2017 and 2016, respectively.