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Stock-Based Compensation (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2015
Dec. 31, 2014
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

A summary of stock option activity at and for the year ended December 31, 2014 is presented below:

 

    # of Options     Weighted-
Average
Exercise Price
 
Outstanding at December 31, 2013     -     $ -  
Options granted     1,000,000       0.40  
Options exercised     -       -  
Options canceled     -       -  
Outstanding at December 31, 2014     1,000,000       0.40  
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 %

The following weighted-average assumptions were used in the Black-Scholes valuation model for the year ended December 31, 2014:

 

Risk-free interest rate     0.10 %
Expected term (in years)     1.29  
Dividend yield     -  
Expected volatility     70 %