Deferred Offering Costs

9 Months Ended

Sep. 30, 2013

Text Block [Abstract]

Deferred Offering Costs

6. Deferred Offering Costs

Deferred offering costs represent legal, accounting and other direct costs related to the Company’s efforts to raise capital through an initial public offering of the Company’s common stock. These costs of approximately $3.4 million were deferred through the completion of the initial public offering and, upon closing of the initial public offering on July 1, 2013, were reclassified to additional paid-in capital as a reduction of the proceeds.