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Stock Option Plan (Tables)
3 Months Ended
Mar. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Plans Activity

A summary of the Plans’ stock option activity is as follows:

 

 

 

Number of
Shares

 

 

Weighted-
Average Exercise
Price Per Share

 

 

 

Weighted-
Average
Remaining
Contractual Life
(Years)

 

 

Aggregate
Intrinsic Value

 

Balance at December 31, 2014

 

595,577

 

 

$

3.71

 

 

 

7.8

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

(1,149

)

 

 

4.32

 

 

 

 

 

 

 

 

 

Forfeited

 

(765

)

 

 

8.65

 

 

 

 

 

 

 

 

 

Balance at March 31, 2015

 

593,663

 

 

 

3.70

 

 

 

7.5

 

 

$

6,114,729 

 

Vested and expected to vest at March 31, 2015

 

583,536

 

 

 

3.69

 

 

 

7.5

 

 

$

6,016,256

 

Exercisable at March 31, 2015

 

324,189

  

 

$

3.39

 

 

 

6.4

 

 

$

3,439,645

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Stock Option Grant Activity and Fair Value Information

 

Below is a summary of stock option grant activity and related fair value information for the three months ended March 31, 2014:

 

2014 Grants 

 

Options
Granted

 

 

 

Exercise
Price

 

 

 

Fair Value of
Common Stock on
Date of Grant

 

January

 

2,094

 

 

$

2.15

 

 

$

2.15

 

March

 

249,361

 

 

$

2.15

 

 

$

2.15

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

251,455