Quarterly report pursuant to Section 13 or 15(d)

Equity Incentive Plan (Tables)

v3.2.0.727
Equity Incentive Plan (Tables)
 6 Months Ended
Jun. 30, 2015
Share Based Compensation Option And Incentive Plan [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following is a summary of stock option activity for the six months ended June 30, 2015:
 
 
 
 
 
Weighted- Average
 
Weighted-Average
 
 
 
Number of Options
 
Exercise Price
 
Contractual Life (In Years)
 
Outstanding at beginning of year
 
 
752,372
 
$
0.91
 
 
4.55
 
Granted
 
 
435,393
 
 
5.80
 
 
9.63
 
Exercised
 
 
(23,075)
 
$
0.65
 
 
 
 
Expired (Forfeited)
 
 
(8,600)
 
$
0.65
 
 
 
 
Outstanding at end of period
 
 
1,156,090
 
$
2.69
 
 
4.84
 
Exercisable at end of period
 
 
841,031
 
$
2.70
 
 
4.75
 
Vested and expected to vest at end of period
 
 
841,031
 
$
2.70
 
 
4.75
 
Employee and Non Employee Service Share Based Compensation Allocation off Recognized Period Costs [Table Text Block]
The total stock-based compensation expense for employees and non-employees is included in the accompanying consolidated statements of operations and as follows:
 
 
 
Six months Ended
 
 
 
June 30,
 
 
 
2015
 
2014
 
Research and development
 
$
202,191
 
$
8,949
 
General and administrative
 
 
573,104
 
 
15,140
 
 
 
$
775,295
 
$
24,089