Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2015

Significant Accounting Policies [Abstract]

Reconciliation of Restated Earnings Per Share Components

The table below illustrates a reconciliation of the components of the numerator and denominator included in the calculations of basic and diluted income (loss) per share and the impact of the correction of the error on the basic and diluted income (loss) per share amounts.

	Year Ended December 31, 2014
Basic income per share - as originally reported	$	5.82
Difference in basic income per share		(1.61)
Basic income per share - restated	$	4.21
Diluted loss per share - as originally reported	$	3.37
Difference in diluted loss per share		(5.70)
Diluted loss per share - restated	$	(2.33)
Numerator
As originally reported	$	21,824,000
Correction - adjustment related to preferred stockholders' participation in the Company's undistributed earnings		(6,067,000)
Numerator for use in basic income per share, as restated		15,757,000
Correction - adjustments related to warrants and preferred stock		(29,474,000)
Numerator for use in diluted loss per share, as restated	$	(13,717,000)
Denominator
As originally reported		6,472,093
Less antidilutive shares previously incorrectly included in denominator		(585,363)
Denominator for use in diluted loss per share, as restated		5,886,730

Useful Lives of Property and Equipment

The Company’s estimated useful life for property and equipment is as follows:

	Estimated Useful Lives
Laboratory equipment	5 – 7 years
Office and computer equipment	1 – 5 years
Leasehold improvements	Shorter of lease term or useful life

Annual Patent Amortization Expense

Annual patent amortization expense for the years ending December 31 are estimated as follows:

	Patent
	Amortization
2016	$	31,000
2017		31,000
2018		31,000
2019		31,000
2020		31,000
Thereafter		183,000
Total patent amortization expense	$	338,000