Stock-based Compensation (Tables)

3 Months Ended

Mar. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

The following table summarizes the stock-based compensation expense, by type of awards for the periods as follow (in thousands):

	For the Three Months Ended
	March 31, 2015		March 31, 2014
Employee stock options	$	1,751		215
Restricted stock grants		31,151	$	—
Total stock-based compensation expense	$	32,902	$	215

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

The following table summarizes the stock-based compensation by line item for the periods as follow (in thousands):

	For the Three Months Ended
	March 31, 2015		March 31, 2014
General and administrative	$	32,890	$	210
Sales, marketing and customer service		12		5
Total stock-based compensation expense		32,902		215
Tax effect on stock-based compensation expense		—		—
Total stock-based compensation expense after income taxes	$	32,902	$	215

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

Assumptions used in the determination of the fair value of share-based payment awards using the Black-Scholes model for stock option grants during the three months ended March 31, 2015 were as follows:

	For the Three Months Ended
	March 31, 2015
Expected term				4
Risk-free interest rate		1.68	%	—		2.24	%
Expected volatility		141	%	—		142	%
Expected dividend yield				0	%

Schedule of Share-based Compensation, Stock Options, Activity

The following table summarizes the Company’s stock option activities for the three month periods ended March 31, 2015 and 2014:

	2015					2014
	Shares			Weighted- Average Exercise Price Per Share		Shares			Weighted- Average Exercise Price Per Share
Outstanding as of January 1,		25,429,000		$	0.84		7,114,250		$	0.20
Granted		8,682,000			1.83		—			—
Exercised		—			—		—			—
Forfeited		(490,000	)		2.09		(559,250	)		0.29
Outstanding as of March 31,		33,621,000		$	1.08		6,555,000		$	0.19

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

The following table presents the exercise price and remaining life information about options exercisable at March 31, 2015:

Range of exercise price	Shares Exercisable		Weighted average remaining contractual life		Weighted average exercise price		Aggregate Intrinsic ($000)
$0.51 - $1.24		200,000		4.76	$	1.24	$	184
$0.30 - $0.50		792,000		1.07		0.48		1,331
$0.05 - $0.29		500,000		3.39		0.05		1,055
		1,492,000		2.34	$	0.44	$	2,570

Schedule of Nonvested Share Activity

Changes in the Company’s non-vested stock awards are summarized as follows:

	Time-based Options					Restricted Stock
	Shares			Weighted Average Exercise Price Per Share		Shares			Weighted Average Grant Date Fair Value Per Share
Non-vested as of January 1, 2015		23,937,000			0.84		525,000		$	0.75
Granted		8,682,000			1.83		20,384,000			1.66
Vested		—			—		(19,200,000	)		1.67
Forfeited		(490,000	)		2.09		—			—
Non-vested as of March 31, 2015		32,129,000			1.09		1,709,000		$	1.66