Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2014

Workers Compensation Discount [Abstract]

Summary of share-based compensation activity

Common stock option and restricted stock award activity under the Plan was as follows:

			Options and RSAs Outstanding
	Shares				Weighted  Average
	Available For		Number of		Exercise Price
	Grant		Shares		Per Share
Balance at June 30, 2013 (1)		-		-	$	-
Authorized		2,898,495		-	$	-
Options Granted		(1,293,720)		1,293,720	$	2.27
Restricted Awards Granted		(318,128)		318,128
Balance at December 31, 2013		1,286,647		1,611,848
Authorized		706,950		-	$	-
Options Granted		(902,298)		902,298	$	3.37
Options assumed in Merger		(15,000)		15,000	$	14.30
Restricted Awards Granted		(19,088)		19,088
Restricted Awards Vested		-		(19,088)	$	3.04
Balance at June 30, 2014		1,057,211		2,529,146
Total vested and expected to vest shares (options)				2,211,018	$	2.73

(1) Options and RSAs granted prior to the adoption of the plan were subsumed under the plan once it was adopted.

Outstanding options

The following table summarizes information with respect to stock options outstanding at June 30, 2014:

			Options Outstanding			Options Exercisable
			Weighted					Weighted
			Average		Weighted-			Average
Exercise			Remaining		Average			Exercise
Price Per	Shares		Life		Exercise	Shares		Price Per
Share	Outstanding		(in years)		Price	Exercisable		Share
$		1,293,720		9.45	2.27		241,960	$	2.27
$		742,298		9.83	3.04		-	$	-
$		160,000		9.95	3.85		-	$	-
		2,196,018		9.61	2.65		241,960	$	2.27

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of employee stock options granted was estimated using the following weighted-average assumptions for the six months ended June 30, 2014:

	For the six months ended June 30, 2014
Expected volatility		76	%
Risk free rate		1.72	%
Dividend yield		0	%
Expected term (in years)		5.75

Schedule Of Stock Based Compensation Of Employees And Non Employees

Stock-based compensation for employees and non-employees related to options and RSAs recognized for the three and six months ended June 30, 2014 was as follows:

 

	For the three months ended June 30, 2014		For the six months ended June 30, 2014
Operating expenses
Selling, general and administrative	$	865,922	$	1,861,654