Income taxes (Tables)

10 Months Ended

Dec. 31, 2014

Schedule of deferred tax assets and liabilities

The significant components of the Company's deferred tax assets are comprised of the following:



	December 31, 2014
Deferred tax assets:
U.S. and state net operating loss carryforwards	$	2,708,861
Accruals and other temporary differences	23,829
Amortization	36,742
Stock-based compensation	57,120
Tax credit carryforward	87,762
Total deferred tax assets	2,914,314
Less valuation allowance	(2,751,295		)
Deferred tax assets	163,019
Deferred tax liabilities:
Stock-based compensation	(162,779		)
Depreciation	(240		)
Accruals and other temporary differences	—
Deferred tax liabilities	(163,019		)
Net deferred tax assets	$	—

Schedule of effective income tax rate reconciliation

A reconciliation of income tax expense computed at the statutory federal income tax rate to income taxes as reflected in the financial statements is as follows:



	Period from February 26, 2014 (Inception) to December 31, 2014
Federal income tax expense at statutory rate	35.0	%
State income tax, net of federal benefit	3.7	%
Permanent differences	(0.3	)%
Stock compensation	(5.3	)%
Research credits	1.2	%
Change in valuation allowance	(34.3	)%
Effective tax rate	0.0	%