Quarterly report pursuant to Section 13 or 15(d)

Non-controlling interests

v2.4.1.9
Non-controlling interests
3 Months Ended
Mar. 31, 2015
Noncontrolling Interest [Abstract]  
Noncontrolling Interest Disclosure [Text Block]
9. Non-controlling interests
 
Shares issuable upon the conversion of non-controlling interests as of December 31, 2014 are as follows:
 
Series B convertible preferred stock
 
 
525,004
 
Series C convertible preferred stock
 
 
187,183
 
Series D convertible preferred stock
 
 
358,146
 
 
 
 
1,070,333
 
 
The subsidiary shares were convertible to Series B, Series C or Series D preferred shares of the Company, respectively, or to common stock of the Company, at the option of the holder (voluntary exchange) or mandatorily upon the occurrence of a Mandatory Exchange Event, as defined in the Exchange Agreement and accordingly the non-controlling interests are classified as temporary equity. All shares held by the non-controlling interests were converted into preferred shares, then into shares of the Company’s common stock at the closing of the Company’s IPO.