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Stockholders' Equity (Deficit) (Tables)
3 Months Ended
Mar. 31, 2015
Equity [Abstract]  
Summary of Preferred Stock Allocated to Investors

The Purchase Agreement provides for the Company to issue and sell to the Investor, after receiving stockholder approval, shares of the Company’s preferred stock in the amounts and at the prices set forth in the following table:

 

Convertible Preferred Stock

   Shares      Price Per Share      Total Investment  

Series AA-1

     101,124,042      $ 1.00       $ 101,124,042  

Series AA-2

     86,677,740      $ 0.50         43,338,870  
  

 

 

       

 

 

 
  187,801,782   $ 144,462,912  
  

 

 

       

 

 

 

Summary of Fair Value of Options


     March 31,
2015
  March 31,
2014

Risk-free interest rate

   1.78 - 2.00%   2.11 - 2.66%

Expected volatility of common stock

   64.47 - 65.95%   63.54 - 65.03%

Dividend yield

   0%   0%

Expected life of options

   6.1 - 8.2 years   6.1 - 8.2 years