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INCOME TAXES
6 Months Ended
Jun. 30, 2015
Income Tax Disclosure [Abstract]  
INCOME TAXES

NOTE 10—INCOME TAXES

There is no provision for income taxes because the Company has incurred operating losses since inception. At June 30, 2015 the Company has concluded that it is more likely than not that the Company may not realize the benefit of its deferred tax assets due to its history of losses. Accordingly, the net deferred tax assets have been fully reserved.

As of June 30, 2015, the Company does not have any accrued interest or penalties related to uncertain tax positions. The Company’s policy is to recognize interest and penalties related to uncertain tax positions in income tax expense. The Company does not have any interest or penalties related to uncertain tax positions in income tax expense for the six months ended June 30, 2015 and 2014. The tax years subsequent to and including 2009 remain open to examination by the major taxing jurisdictions to which the Company is subject.