SHARE-BASED COMPENSATION |
3 Months Ended | |||||||||||||||||||||||||||||||||||
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Mar. 31, 2017 | ||||||||||||||||||||||||||||||||||||
| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||||||||||||||||||||||||||||||||||||
| SHARE-BASED COMPENSATION |
SHARE-BASED COMPENSATION
As of March 31, 2017, we had 443,756 share-based awards available for grant from the 2015 Equity Incentive Plan (the “2015 Plan”). On April 11, 2017, our board of directors, upon recommendation of the compensation committee, approved an amendment to the 2015 Plan, subject to stockholder approval at our 2017 annual meeting of stockholders. The amendment increases the number of shares of common stock available for issuance under the 2015 Plan from 1,400,000 to 2,500,000. In addition to the increase in the number of authorized shares issuable under the 2015 Plan, the amendment includes several "best practices" changes. If our stockholders do not approve the amendment to the 2015 Plan, the 2015 Plan will remain in place in accordance with its current terms.
The following table summarizes information related to our common stock options as of March 31, 2017:
No options were granted, exercised, canceled or forfeited during the quarter ended March 31, 2017.
Share-based compensation expense totaled $93,000 and $57,000, respectively, for the three months ended March 31, 2017 and 2016. As of March 31, 2017, there was approximately $0.5 million of unrecognized compensation cost related to unvested stock options previously granted by the Company. This unrecognized compensation cost is expected to be recognized over a weighted average period of 1.6 years.
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