XML 76 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statements of Convertible Preferred Stock and Stockholders' Equity (Deficit) (USD $)
Total
Preferred Stock [Member]
Series A Convertible Preferred Stock [Member]
Common Stock [Member]
Additional Paid-In Capital [Member]
Deficit Accumulated During the Development Stage [Member]
Beginning Balance at Jan. 29, 2007               
Beginning Balance, shares at Jan. 29, 2007            
Issuance of restricted common stock for cash 4,580   92 4,488  
Issuance of restricted common stock for cash, shares     916,000    
Issuance of Series A convertible preferred stock   6,074,501      
Issuance of Series A convertible preferred stock, shares   4,195,067      
Initial fair value of preferred stock purchase rights issued in connection with Series A financing   (848,257)      
Estimated fair value of exercised purchase right   80,819      
Issuance of common stock upon exercise of stock options 77,358   26 77,332  
Issuance of common stock upon exercise of stock options, shares     266,750    
Stock-based compensation expense 5,458     5,458  
Net loss (2,009,591)       (2,009,591)
Ending Balance at Dec. 31, 2007 (1,922,195) 5,307,063 118 87,278 (2,009,591)
Ending Balance, shares at Dec. 31, 2007   4,195,067 1,182,750    
Issuance of Series A convertible preferred stock   5,998,145      
Issuance of Series A convertible preferred stock, shares   4,000,000      
Estimated fair value of exercised purchase right   956,025      
Stock-based compensation expense 16,184     16,184  
Net loss (3,227,664)       (3,227,664)
Ending Balance at Dec. 31, 2008 (5,133,675) 12,261,233 118 103,462 (5,237,255)
Ending Balance, shares at Dec. 31, 2008   8,195,067 1,182,750    
Stock-based compensation expense 17,803     17,803  
Net loss (5,159,638)       (5,159,638)
Ending Balance at Dec. 31, 2009 (10,275,510) 12,261,233 118 121,265 (10,396,893)
Beginning Balance, shares at Dec. 31, 2009   8,195,067 1,182,750    
Issuance of Series A convertible preferred stock   5,963,933      
Issuance of Series A convertible preferred stock, shares   4,000,001      
Issuance of common stock upon exercise of stock options 24,000   6 23,994  
Issuance of common stock upon exercise of stock options, shares     60,000    
Stock-based compensation expense 15,056     15,056  
Net loss (5,039,338)       (5,039,338)
Ending Balance at Dec. 31, 2010 (15,275,792) 18,225,166 124 160,315 (15,436,231)
Ending Balance, shares at Dec. 31, 2010   12,195,068 1,242,750    
Stock-based compensation expense 22,705     22,705  
Net loss (2,401,244)       (2,401,244)
Ending Balance at Dec. 31, 2011 (17,654,331) 18,225,166 124 183,020 (17,837,475)
Ending Balance, shares at Dec. 31, 2011   12,195,068 1,242,750    
Stock-based compensation expense 12,505     12,505  
Net loss (2,017,528)       (2,017,528)
Ending Balance at Dec. 31, 2012 (19,659,354) 18,225,166 124 195,525 (19,855,003)
Beginning Balance, shares at Dec. 31, 2012   12,195,068 1,242,750    
Issuance of common stock upon exercise of stock options, shares           
Stock-based compensation expense 145,966     145,966  
Conversion of shares of preferred stock to common stock 18,225,166 (18,225,166) 244 18,224,922  
Conversion of shares of preferred stock to common stock, shares   (12,195,068) 2,439,002    
Initial public offering of common stock 25,120,948   242 25,120,706  
Initial public offering of common stock, shares     2,415,000    
Reclassification of warrant liability 187,000     187,000  
Net loss (2,836,465)       (2,836,465)
Ending Balance at Dec. 31, 2013 $ 21,183,261   $ 610 $ 43,874,119 $ (22,691,468)
Ending Balance, shares at Dec. 31, 2013     6,096,752