Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2015

Compensation and Retirement Disclosure [Abstract]

Schedule of Stock Option activity

There were no stock options issued or outstanding at and for the three months ended March 31, 2014. A summary of all stock option activity at and for the three months ended March 31, 2015 is presented below:

	# of Options			Weighted- Average Exercise Price
Outstanding at December 31, 2014		1,000,000	(1)	$	0.40
Options granted		350,000	(2)		1.81
Options exercised		—			—
Options canceled		—			—
Outstanding at March 31, 2015		1,350,000		$	0.76
Exercisable at March 31, 2015		1,000,000		$	0.40

(1) Non-Plan options

(2) Granted under 2015 Stock Incentive Plan

Summary of Black-Scholes assumptions in arriving at the fair value

The following weighted-average assumptions were used in the Black-Scholes valuation model for options granted during the three months ended March 31, 2015:

Risk-free interest rate	1.00	%
Expected term (in years)	3.38
Dividend yield	—
Expected volatility	75	%