Convertible Preferred Stock

9 Months Ended

Sep. 30, 2014

Equity [Abstract]

Convertible Preferred Stock

6. Convertible Preferred Stock

All 18,753 shares of outstanding preferred stock were automatically converted into fully paid shares of common stock immediately prior to the closing of the Company’s initial public offering on March 27, 2013. Upon the occurrence of this conversion event, the outstanding warrant to purchase Series B convertible preferred stock converted into a warrant to purchase common stock. All of the outstanding shares of preferred stock converted into common stock at the conversion rate of 1:1.