Checkpoint Therapeutics, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2016

Stockholders' Equity Note [Abstract]

Nonvested Restricted Stock Shares Activity [Table Text Block]

The following table summarizes restricted stock award activity for the year ended December 31, 2016.

			Weighted Average
			Grant Date Fair
	Number of Units		Value
Nonvested at December 31, 2015		2,500,000	$	1.73
Granted		619,000		5.03
Vested		(585,937)		0.07
Nonvested at December 31, 2016		2,533,063	$	2.93

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following table summarizes stock option award activity for the year ended December 31, 2016.

					Weighted Average
			Weighted Average		Remaining Contractual
	Stock Options		Exercise Price		Life (in years)
Outstanding as of December 31, 2015		-	$	-		-
Granted		60,000		5.43
Outstanding as of December 31, 2016		60,000	$	5.43		9.96

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

A summary of warrant activities for year ended December 31, 2016 is presented below:

					Weighted Average
			Weighted Average		Remaining Contractual
	Warrants		Exercise Price		Life (in years)
Outstanding as of December 31, 2015		4,286,782	$	6.61		5.68
Granted		44,324		7.00
Outstanding as of December 31, 2016		4,331,106	$	6.62		4.67

Schedule of Share-based Compensation, Activity [Table Text Block]

The following table summarizes stock-based compensation expense for the years ended December 31, 2016 and 2015 ($ in thousands).

	Year Ended December 31,
	2016		2015
Research and development	$	2,557	$	2,987
General and administrative		1,310		265
Total stock-based compensation expense	$	3,867	$	3,252

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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