XML 36 R24.htm IDEA: XBRL DOCUMENT v3.4.0.3
Stockholders' Equity (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2016
Dec. 31, 2015
Stockholders Equity Note [Abstract]    
Shares of common stock reserved for future issuance
Shares of common stock reserved for future issuance were as follows as of March 31, 2016:
 
 
Series C convertible preferred stock
 
 
1,666,668
 
Options to purchase common stock
 
 
245,593
 
Shares reserved for issuances pursuant to 2014 Stock Plan
 
 
195,725
 
Warrants
 
 
1,596,235
 
Total
 
 
3,704,221
 
Shares of common stock reserved for future issuance were as follows as of December 31, 2015:
 
 
Options to purchase common stock
 
 
369,887
 
Shares reserved for issuances pursuant to 2014 Stock Plan
 
 
71,431
 
Warrants
 
 
179,567
 
Total
 
 
620,885
Redeemable Convertible preferred stock
Convertible preferred stock as of March 31, 2016 consisted of the following:
 
 
Convertible Preferred Stock
 
Original
Issue Price
 
Shares
Designated
 
Shares
Originally
Issued
 
Shares
Outstanding
 
Liquidation
Preference
Series A-1
 
$
0.0100
 
 
 
5,000,000
 
 
 
5,000,000
 
 
 
0
 
 
$
 
Series A-2
 
$
1.6996
 
 
 
1,176,748
 
 
 
1,176,748
 
 
 
0
 
 
$
 
Series B
 
$
1,000.00
 
 
 
2,750
 
 
 
2,750
 
 
 
0
 
 
$
 
Series C
 
$
1,000.00
 
 
 
2,500
 
 
 
2,500
 
 
 
2,500
 
 
$
2,500,000
 
 
 
 
 
Outstanding
as of
Sept. 30, 2015
 
Newly-Issued
Common Stock
Series A-1
 
 
212,466
 
 
 
141,262
 
Series A-2
 
 
161,355
 
 
 
28,518
 
Series B
 
 
1,102
 
 
 
420,956
 
Convertible preferred stock as of December 31, 2015 consisted of the following:
 
 
Convertible
Preferred Stock
 
Original
Issue Price
 
Shares
Designated
 
Shares
Originally
Issued
 
Shares
Outstanding
 
Liquidation
Preference
Series A-1
 
$
0.0100
 
 
 
5,000,000
 
 
 
5,000,000
 
 
 
0
 
 
$
 
Series A-2
 
$
1.6996
 
 
 
1,176,748
 
 
 
1,176,748
 
 
 
0
 
 
$
 
Series B
 
$
1,000.00
 
 
 
2,750
 
 
 
2,750
 
 
 
0
 
 
$
 
 
In October 2015, the Company entered into agreements with holders of all of the outstanding Series A and Series B Preferred Stock pursuant to which the holders agreed to exchange all of their outstanding shares of Series A and Series B Preferred Stock for common stock. As a result, as of December 31, 2015, there were no remaining shares of Series A or Series B Preferred Stock outstanding. The previously-outstanding Preferred Stock amounts, along with the newly-issued common stock amounts, are as follows:
 
 
 
Outstanding
as of Sept. 30,
2015
 
Newly-Issued
Common Stock
Series A-1
 
 
212,466
 
 
 
141,262
 
Series A-2
 
 
161,355
 
 
 
28,518
 
Series B
 
 
1,102
 
 
 
420,956
Common stock warrants
Common stock warrants outstanding as of March 31, 2016 are listed as follows:
 
 
 
Warrants
Outstanding
 
Remaining Contractual
Life (years)
 
Weighted Average
Exercise
  
 
 
1,416,668
 
 
 
4.81
 
 
$
1.79
 
  
 
 
50,000
 
 
 
5.92
 
 
$
2.54
 
  
 
 
10,870
 
 
 
4.02
 
 
$
4.60
 
  
 
 
5,762
 
 
 
4.02
 
 
$
5.75
 
  
 
 
2,699
 
 
 
3.91
 
 
$
20.00
 
  
 
 
24,750
 
 
 
3.59
 
 
$
20.00
 
  
 
 
23,858
 
 
 
2.83
 
 
$
22.70
 
  
 
 
58,628
 
 
 
0.25
 
 
$
26.60
 
  
 
 
3,000
 
 
 
1.59
 
 
$
26.60
 
  
 
 
1,596,235
 
 
 
4.62
 
 
$
3.43
 
Common stock warrants outstanding as of December 31, 2015 are listed as follows:
 
 
 
Warrants
Outstanding
 
Remaining Contractual
Life (years)
 
Weighted Average
Exercise
  
 
 
50,000
 
 
 
6.17
 
 
$
2.54
 
  
 
 
10,870
 
 
 
4.27
 
 
$
4.60
 
  
 
 
5,762
 
 
 
4.27
 
 
$
5.75
 
  
 
 
2,699
 
 
 
4.16
 
 
$
20.00
 
  
 
 
24,750
 
 
 
3.84
 
 
$
20.00
 
  
 
 
23,858
 
 
 
3.08
 
 
$
22.70
 
  
 
 
58,628
 
 
 
0.50
 
 
$
26.60
 
  
 
 
3,000
 
 
 
1.84
 
 
$
26.60
 
  
 
 
179,567
 
 
 
3.31
 
 
$
16.37