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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 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 Available for Grant
 
Number of Shares
 
Weighted Average Exercise Price Per Share
 
Balance at December 31, 2013
 
1,286,647
 
1,611,848
 
$
2.27
 
Authorized
 
706,950
 
-
 
$
-
 
Options Granted
 
(1,109,198)
 
1,109,198
 
$
2.80
 
Options assumed in merger
 
-
 
15,000
 
$
14.30
 
Restricted Stock Granted
 
(194,870)
 
194,870
 
$
1.45
 
Restricted Stock Vested
 
-
 
(512,998)
 
$
1.96
 
Balance at December 31, 2014
 
689,529
 
2,417,918
 
$
2.59
 
Total vested and expected to vest shares (options)
 
 
 
2,417,918
 
$
2.59
 
Total vested shares (options)
 
 
 
676,275
 
$
2.77
 
Outstanding options
The following table summarizes information with respect to stock options outstanding at December 31, 2014:
 
Options Outstanding
 
Options Vested
 
Exercise
Price Per
Share
 
Shares
Outstanding
 
Weighted-
Average
Remaining
Contractual
 Life (Years)
 
Weighted-
Average
Exercise
Price
 
Shares
Exercisable
 
Weighted-
Average
Exercise
Price Per
Share
 
$
0.77
 
150,000
 
9.92
 
$
0.77
 
-
 
$
-
 
$
2.05
 
56,900
 
9.58
 
$
2.05
 
-
 
$
-
 
$
2.27
 
1,293,720
 
8.94
 
$
2.27
 
497,558
 
$
2.27
 
$
3.04
 
742,298
 
9.33
 
$
3.04
 
123,717
 
$
3.04
 
$
3.85
 
160,000
 
9.45
 
$
3.85
 
40,000
 
 
3.85
 
$
14.30
 
15,000
 
1.45
 
$
14.30
 
15,000
 
$
14.30
 
 
 
 
2,417,918
 
9.12
 
$
2.59
 
676,275
 
$
2.77
 
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 twelve months ended December 31:
  
 
 
2014
 
2013
 
Expected volatility
 
75
%
80
%
Risk free rate
 
1.77
%
1.77
%
Dividend yield
 
0
%
0
%
Expected term (in years)
 
5.78
 
5.93
 
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 twelve months ended
 
For the twelve months ended
 
 
 
December 31, 2014
 
December 31, 2013
 
General and administrative
 
$
2,873,396
 
$
1,872,104