Warrants (Tables)

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Summary of Assumptions to Use Option Pricing Model

The Company used Black-Scholes option-pricing model to estimate the fair value of the convertible preferred stock with the following assumptions:

	March 31, 2015
Series C Warrant:
Expected term (in years)	0.5 – 1.2
Expected volatility		25.0%
Risk-free interest rate	0.3% – 0.6%
Expected dividend yield		0%

The fair value of the placement warrants were valued at their grant dates using the Black-Scholes pricing model and the following weighted-average assumptions:

	Upon Issuance
Preferred Stock Warrant:
Expected term (in years)		5.0
Expected volatility		31.8%
Risk-free interest rate		1.6%
Expected dividend yield		0%