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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Stock Option Activity

The following table summarizes the Company’s stock option activity since December 31, 2014:

 

     Number of
Shares
     Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Term
     Aggregate
Intrinsic
Value
 
                   (in years)         

Outstanding as of December 31, 2014

     1,104,172       $ 0.53         9.7       $ 67   

Granted

     1,938,705       $ 4.06         

Exercised

     (12,572    $ 0.38         

Cancelled or forfeited

     (8,981    $ 0.38         

Outstanding as of September 30, 2015

     3,021,324       $ 2.80         9.4       $ 22,359   
  

 

 

          

Options vested and expected to vest as of September 30, 2015

     3,021,324       $ 2.80         9.4       $ 22,359   
  

 

 

    

 

 

    

 

 

    

 

 

 

Options exercisable as of September 30, 2015

     311,081       $ 1.24         9.0       $ 2,788   
  

 

 

    

 

 

    

 

 

    

 

 

 
Summary of Restricted Common Stock Activity

The following table summarizes the Company’s restricted common stock activity:

 

     Number of
Shares
     Weighted
Average
Grant Date
Fair Value
 

Unvested restricted common stock at December 31, 2014

     210,287       $ 0.53   

Issued

     35,788       $ 3.57   

Vested

     (72,067    $ 1.37   
  

 

 

    

Unvested restricted common stock at September 30, 2015

     174,008       $ 0.86   
  

 

 

    
Summary of Stock-Based Compensation Expense Related to Stock Options and Restricted Common Stock

Stock-based compensation expense related to stock options and restricted common stock was classified in the condensed statements of operations and comprehensive loss as follows:

 

     Three Months
Ended
September 30,
     Nine Months
Ended
September 30,
 
     2015      2014      2015      2014  

Research and development

   $ 318       $ 14       $ 487       $ 32   

General and administrative

     232         9         399         17   
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 550       $ 23       $ 886       $ 49