Subsequent events |
3 Months Ended |
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Mar. 31, 2016 | |
| Subsequent Events [Abstract] | |
| Subsequent events |
Subsequent events:
On April 1, 2016, the Company issued 250,000 share incentive stock option to an employee. The award has an exercise price of $2.83, a term of 10 years and a vesting period of five years.
April 8, 2016, the Company issued incentive stock options and restricted stock unit awards to certain employees. The total number of stock option awards issued is 1,000,000. These awards have an exercise price of $2.73, a term of 10 years and a vesting period of five years. Stock option awards issued to certain executives also have additional vesting conditions based on stock price performance targets. The total number of restricted stock unit awards issued is 787,500. These awards have a term of 10 years and a vesting period of five years. Restricted stock unit awards issued to certain executives also have additional vesting conditions based on stock price performance targets.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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