Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED COMPENSATION

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SHARE-BASED COMPENSATION
3 Months Ended
Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
SHARE-BASED COMPENSATION
SHARE-BASED COMPENSATION

As of March 31, 2018, we had 1,004,469 share-based awards authorized by shareholders and available for grant from the 2015 Equity Incentive Plan.

The following table summarizes information related to our common stock options as of March 31, 2018:
 
Number
of Stock
Options
 
Weighted
Average
Exercise Price
Options outstanding at January 1, 2018
2,491,274

 
$
1.59

Granted

 

Exercised

 

Canceled/Forfeited

 

Options outstanding at March 31, 2018
2,491,274

 
$
1.59

Options exercisable at March 31, 2018
1,404,807

 
$
1.37



Share-based compensation expense totaled $232,000 and $93,000 for the three months ended March 31, 2018 and 2017. As of March 31, 2018, there was approximately $0.5 million of unrecognized compensation cost related to unvested stock options previously granted that is expected to be recognized over a weighted-average period of one year.