Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2015

Share-based Compensation [Abstract]

Schedule of stock option activity

There were no stock options issued or outstanding at and for the nine months ended September 30, 2014. A summary of all stock option activity at and for the nine months ended September 30, 2015 is presented below:

	# of Options			Weighted- Average Exercise Price
Outstanding at December 31, 2014		1,000,000	(1)	$	0.40
Options granted		800,000	(2)		1.92
Options exercised		-			-
Options canceled		-			-
Outstanding at September 30, 2015		1,800,000		$	1.07
Exercisable at September 30, 2015		1,000,000		$	0.40

Schedule 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 nine months ended September 30, 2015:

Risk-free interest rate	0.75	%
Expected term (in years)	2.48
Dividend yield	-
Expected volatility	72	%