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Common Stock Reserved for Issuance (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2015
Dec. 31, 2014
Equity [Abstract]    
Schedule of Common Stock Reserved for Future Issuance  

The common stock reserved for future issuance at December 31, 2013 and 2014 was as follows:

 

     December 31,  
     2013      2014  

Conversion of outstanding convertible preferred stock

     25,036,330         27,654,928   

Shares underlying outstanding stock options

     2,723,406         4,248,504   

Shares available for future stock option grants

     1,848,367         295,101   

Warrant to purchase convertible preferred stock

     128,231         128,231   
  

 

 

    

 

 

 

Total shares of common stock reserved

     29,736,334         32,326,764   
  

 

 

    

 

 

 
Summary of Assumptions to Use Option Pricing Model

The placement warrants were valued at their grant dates using the Black-Scholes pricing model and the following weighted average assumptions:

 

     September 30,
2015
 

Common Stock Warrant:

  

Expected term (in years)

     5.0   

Expected volatility

     31.8

Risk-free interest rate

     1.6

Expected dividend yield

     0

The Company used the Black-Scholes option-pricing model to estimate the fair value of the convertible preferred stock warrant with the following assumptions:

 

     December 31,  
     2013     2014  

Series C Warrant:

    

Expected term (in years)

     2.0        5.3   

Expected volatility

     30.0     30.0

Risk-free interest rate

     0.4     1.7

Expected dividend yield

     0     0