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Equity Incentive Plan (Tables)
9 Months Ended
Sep. 30, 2015
Equity Incentive Plan [Abstract]  
Schedule of assumptions utilized to determine fair value of stock options

 

September 30,
2015

 

September 30,
2014

 

(Unaudited)

 

(Unaudited)

 

 

 

 

Risk free interest rate

1.65%

 

N/A

Expected volatility

82.90%

 

N/A

Expected term

5 years

 

N/A

Dividend yield

0%

 

N/A

Summary of the status of the Company's stock options
 

 

 

Number of
Options

 

Weighted Average
Exercise Price

 

 

 

 

 

 

Outstanding at December 31, 2014

 

 

$

Granted

 

150,000

 

$

7.75

Exercised

 

 

$

Forfeited/Cancelled

 

 

$

Outstanding at September 30, 2015

 

150,000

 

$

7.75

Grant date fair value 

 $

5.12 

 

 

 

Schedule of range of exercise price of stock options outstanding and vested

 

 

Stock Options Outstanding

 

Stock Options Vested

Range of
Exercise
Price

 

Number
Outstanding at
September 30, 2015

 

Weighted
Average
Exercise
Price

 

Weighted
Average
Remaining
Life (Years)

 

Aggregate
Intrinsic
Value

 

Number
Vested at
September 30, 2015

 

Weighted
Average
Exercise
Price

 

Aggregate
Intrinsic
Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$ 7.75

 

150,000

 

$ 7.75

 

4.6

 

$ 112,500

 

 

$ 7.75

 

$