Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of grant date fair value and related assumptions of Options granted

The grant date fair value, and related assumptions, of Options granted during the three months ended June 30, 2014, was as follows:

Tranche	Outstanding	Fair Value (Per Share)		Total Fair Value		Assumptions
Fully vested options	30,000	$	4.07	$	122,021
Risk free interest rate						0.4	%
Expected term						2 years
Expected volatility						75.0	%
Tranche A Options	75,000	$	6.53	$	489,888
Risk free interest rate						2.2	%
Expected term						6.5 years
Expected volatility						70.0	%
Tranche B Options	75,000	$	5.18	$	388,514
Risk free interest rate						1.5	%
Time to liquidity event						4.5 years
Expected volatility						75.0	%
Forward expected volatility rate						55.0	%
Forward risk free interest rate						3.6	%
Tranche C Options	75,000	$	4.79	$	359,476
Risk free interest rate						1.5	%
Time to liquidity event						4.5 years
Expected volatility						75.0	%
Forward expected volatility rate						55.0	%
Forward risk free interest rate						3.6	%
Total	255,000			$	1,359,899