Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2014

Shares of common stock reserved for future issuance

Shares of common stock reserved for future issuance were as follows as of June 30, 2014:

Series A convertible preferred stock		5,821,699
Series B convertible preferred stock		556,876
Convertible notes payable		1,508,162
Options to purchase common stock		2,211,018
Options available for future issuance		1,057,211
Warrants		824,648
Total		11,979,614

Redeemable Convertible preferred stock

Convertible preferred stock as of June 30, 2014 consists of the following:

Convertible Preferred Stock	Original Issue Price		Shares Designated		Shares Issued		Shares Outstanding		Liquidation Preference
Series A-1	$	0.0100		5,000,000		5,000,000		3,720,240	$	5,208,337
Series A-2	$	1.6996		1,176,748		1,176,748		397,234	$	556,128
Series B	$	1,000.00		2,750		2,750		1,192	$	1,192,000

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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