Share-Based Compensation (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2014, was as follows:

Tranche	Grant Date	Outstanding	Fair Value (Per Share)		Total Fair Value		Assumptions
Fully vested options	April 28, 2014	30,000	$	4.07	$	122,021
Risk free interest rate							0.4	%
Expected term							2 years
Expected volatility							75.0	%
Tranche A Options	April 28, 2014	75,000	$	6.53	$	489,888
Risk free interest rate							2.2	%
Expected term							6.5 years
Expected volatility							70.0	%
Tranche B Options	April 28, 2014	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	April 28, 2014	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	%
Tranche A Options	August 8, 2014	107,082	$	6.51	$	697,231
Risk free interest rate							2.0	%
Expected term							6.5 years
Expected volatility							70.0	%
Tranche B Options	August 8, 2014	107,084	$	4.51	$	482,803
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							3.2	%
Tranche C Options	August 8, 2014	107,084	$	4.16	$	445,713
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							3.2	%
Total		576,250			$	2,985,646