Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Reconciliation of Federal Statutory Income Tax Rate and Effective Income Tax Rate

A reconciliation of the federal statutory income tax rate and the effective income tax rate is as follows for the years ended December 31, 2014 and 2013:

	December 31,
	2014			2013
	(%)			(%)
Federal statutory rate		34.0			34.0
Change in valuation allowance		(1.6	)		(2.5	)
State income taxes, net of federal effect		5.8			5.8
Research and development credits		5.0			4.3
Removal of net operating loss and other credits		(41.2	)		(39.5	)
Stock compensation and other permanent items		(2.0	)		(2.1	)
Effective income tax rate		0.0			0.0

Summary of Significant Components of Deferred Tax Assets

Significant components of the Company’s deferred tax assets at December 31, 2014 and 2013 are as follows:

	December 31,
	2014			2013
Acquired technology	$	317,000		$	147,000
Stock compensation expense		223,000			67,000
Accruals and other		105,000			223,000
Total deferred tax assets		645,000			437,000
Less valuation allowance		(645,000	)		(437,000	)
Net deferred tax assets	$	—		$	—