Organization and Basis of Presentation (Tables)

9 Months Ended

Sep. 30, 2013

Accounting Policies [Abstract]

Initial Public Offering and Related Transactions

On September 30, 2013, the Company completed its IPO whereby it sold 2,100,000 shares of common stock at a price of $12.00 per share. Net proceeds from the IPO were determined as follows:

Gross proceeds (excluding over-allotment)	$	25,200,000
Underwriting discounts and commissions and non-accountable expense allowance		(2,080,275	)
Total offering costs (excluding value of warrants granted to underwriter of $470,000)		(1,444,043	)
Net proceeds	$	21,675,682

Assumptions Used in Estimation of Fair Value of Issued Warrant

The fair value of the issued warrants was estimated using the Black-Scholes option pricing model with the following assumptions:

Assumed risk-free interest rate	1.44	%
Assumed volatility	71	%
Expected warrant life	5 years
Expected dividend yield	0.0	%