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Stock Warrant (Tables)
9 Months Ended
Sep. 30, 2015
Equity [Abstract]  
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%