Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.19.3.a.u2
Stock-Based Compensation (Tables)
9 Months Ended
Dec. 31, 2019
Stockholders' Equity  
Summary of stock-based compensation expense by statement of operations line item

The following table summarizes, by condensed consolidated statement of operations line item, stock-based compensation expense for the Company’s three and nine months ended December 31, 2019 and 2018 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

December 31,

 

December 31,

 

 

    

2019

    

2018

 

2019

    

2018

 

Cost of goods sold

 

$

17

    

$

13

 

$

52

    

$

38

 

Research and development

 

 

12

 

 

 8

 

 

33

 

 

21

 

Selling, general and administrative

 

 

274

 

 

271

 

 

584

 

 

684

 

Stock-based compensation expense

 

$

303

 

$

292

 

$

669

 

$

743

 

 

Summary of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Weighted-

 

Remaining

 

Aggregate

 

 

 

 

 

Average

 

Contractual

 

Intrinsic

 

 

 

Shares

 

Exercise Price

 

Term

 

Value

 

 

 

 

 

 

 

 

(in years)

 

 

 

 

Options outstanding at March 31, 2019

    

17,499

    

$

209.36

    

 

    

 

 

 

Granted

 

 —

 

$

 —

 

 

 

 

 

 

Exercised

 

 —

 

$

 —

 

 

 

 

 

 

Forfeited, cancelled or expired

 

(6,250)

 

$

198.21

 

 

 

 

 

 

Options outstanding at December 31, 2019

 

11,249

 

$

215.56

 

2.3

 

 

 —

 

Options fully vested at December 31, 2019 and those expected to vest beyond December 31, 2019

 

11,249

 

$

215.56

 

2.3

 

 

 —

 

Options exercisable at December 31, 2019

 

11,249

 

$

215.56

 

2.3

 

 

 —

 

 

Summary of restricted stock activity

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

Average Grant

 

 

 

 

 

Date Fair

 

Restricted Stock Units and Performance Restricted Stock Units

 

Shares

 

Value

 

Nonvested restricted stock units outstanding at March 31, 2019

    

221,778

    

$

10.20

 

Granted

 

149,370

 

 

5.95

 

Vested and issued

 

(47,753)

 

 

10.91

 

Forfeited

 

(52,022)

 

 

8.34

 

Nonvested restricted stock units outstanding at December 31, 2019

 

271,373

 

 

8.10

 

Restricted stock units expected to vest beyond December 31, 2019

 

271,373

 

$

8.10

 

 

Schedule of additional information on restricted stock units

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

December 31,

 

December 31,

 

 

    

2019

    

2018

    

2019

    

2018

 

Restricted stock compensation expense (in thousands)

 

$

303

    

$

292

 

$

669

    

$

743

 

Aggregate fair value of restricted stock units vested and issued (in thousands)

 

$

54

 

$

91

 

$

235

 

$

614

 

Weighted average grant date fair value of restricted stock units granted during the period

 

$

3.21

 

$

8.20

 

$

5.95

 

$

11.60