XML 44 R27.htm IDEA: XBRL DOCUMENT v3.2.0.727
Share-Based Compensation (Details) - USD ($)
1 Months Ended 3 Months Ended 12 Months Ended
Apr. 13, 2015
Apr. 30, 2015
Mar. 31, 2015
Jun. 30, 2015
Mar. 31, 2015
May. 31, 2015
Consultants            
Assumptions used in Black-Scholes option pricing model            
Share-based compensation expense       $ 445,000    
Directors and Employees            
Assumptions used in Black-Scholes option pricing model            
Share-based compensation expense       $ 3,736,700    
Equity Incentive Plan | 2015 Plan            
Share-Based Compensation            
Number of shares reserved for grant     7,500,000   7,500,000 9,500,000
Number of shares available for future issuance       4,769,527    
Stock options            
Additional disclosures            
Fair value of common shares $ 15.00 $ 1.04 $ 0.90      
Assumptions used in Black-Scholes option pricing model            
Total unrecognized compensation expense       $ 64,947,600    
Remaining weighted-average service period       3 years 8 months 23 days    
Stock options | 2015 Plan            
Number of Options            
Options outstanding at beginning (in shares)   4,012,500   4,012,500    
Granted (in shares)   527,500 4,012,500 717,973    
Options outstanding at end (in shares)     4,012,500 4,730,473 4,012,500  
Options exercisable at end (in shares)       4,615,000    
Weighted Average Exercise Price            
Options outstanding at beginning (in dollars per shares)   $ 0.90   $ 0.90    
Granted (in dollars per shares)       6.09    
Options outstanding at end (in dollars per shares)     $ 0.90 1.69 $ 0.90  
Options exercisable at end (in dollars per shares)       1.23    
Weighted Average Grant Date Fair Value (in dollars per shares)            
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue       15.59 15.00  
Granted (in dollars per shares)       16.65    
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue       15.59 $ 15.00  
Options exercisable at end (in dollars per shares)       $ 15.48    
Additional disclosures            
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2       9 years 8 months 27 days 9 years 11 months 16 days  
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2       9 years 8 months 27 days 9 years 11 months 16 days  
Options exercisable at end       9 years 8 months 23 days    
Aggregate Intrinsic Value Options outstanding at beginning   $ 56,576,250   $ 56,576,250    
Aggregate Intrinsic Value Options outstanding at end     $ 56,576,250 69,643,037 $ 56,576,250  
Aggregate Intrinsic Value Options exercisable at end       $ 67,946,480    
Stock options | Employees            
Number of Options            
Granted (in shares)       487,500    
Weighted Average Exercise Price            
Granted (in dollars per shares)       $ 1.04    
Weighted Average Grant Date Fair Value (in dollars per shares)            
Granted (in dollars per shares)       $ 15.00    
Additional disclosures            
Vesting terms       4 years    
Assumptions used in Black-Scholes option pricing model            
Volatility       75.00%    
Risk free interest rate       1.55%    
Expected term, in years       6 years 3 months    
Dividend yield       0.00%    
Stock options | Consultants            
Number of Options            
Granted (in shares)       40,000    
Weighted Average Exercise Price            
Granted (in dollars per shares)       $ 1.04    
Weighted Average Grant Date Fair Value (in dollars per shares)            
Granted (in dollars per shares)       $ 15.00    
Additional disclosures            
Vesting terms       4 years    
Assumptions used in Black-Scholes option pricing model            
Volatility       101.00%    
Risk free interest rate       2.35%    
Expected term, in years       9 years 9 months 15 days    
Dividend yield       0.00%    
Stock options | Directors and Employees            
Number of Options            
Granted (in shares)       190,473    
Weighted Average Exercise Price            
Granted (in dollars per shares)       $ 20.09    
Weighted Average Grant Date Fair Value (in dollars per shares)            
Granted (in dollars per shares)       $ 20.09    
Assumptions used in Black-Scholes option pricing model            
Volatility       85.50%    
Risk free interest rate       1.89%    
Stock options | Directors and Employees | Minimum            
Additional disclosures            
Vesting terms       3 years    
Assumptions used in Black-Scholes option pricing model            
Expected term, in years       6 years    
Stock options | Directors and Employees | Maximum            
Additional disclosures            
Vesting terms       4 years    
Assumptions used in Black-Scholes option pricing model            
Expected term, in years       6 years 3 months