Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2014

Shares of common stock reserved for future issuance

Shares of common stock reserved for future issuance were as follows as of December 31, 2014:

Series A convertible preferred stock		3,831,229
Series B convertible preferred stock		550,858
Convertible notes payable		-
Options to purchase common stock		2,417,918
Shares reserved for issuance pursuant to 2014 Stock Plan		689,529
Warrants		1,164,648
Total		8,654,182

Redeemable Convertible preferred stock

Convertible preferred stock as of December 31, 2014 consisted of the following:

Convertible	Original		Shares	Shares	Shares	Liquidation
Preferred Stock	Issue Price		Designated	Issued	Outstanding	Preference
Series A-1	$	0.0100	5,000,000	5,000,000	2,381,090	$	2,356,633
Series A-2	$	1.6996	1,176,748	1,176,748	328,600	$	558,489
Series B	$	1,000.00	2,750	2,750	1,102	$	1,102,000

Common stock warrants

Common stock warrants outstanding as of December 31, 2014 are listed as follows:

Warrants	Remaining
Outstanding	Contractual Life (years)	Weighted Average Exercise
247,500	4.84	$	2.00
30,000	2.84	$	2.66
238,412	4.08	$	2.27
515,912	4.37	$	2.16

- 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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