Quarterly report pursuant to Section 13 or 15(d)

Equity Incentive Plan (Tables)

v3.3.0.814
Equity Incentive Plan (Tables)
 9 Months Ended
Sep. 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 nine months ended September 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
 
 
535,393
 
 
4.14
 
 
9.38
 
Exercised
 
 
(24,155)
 
$
0.65
 
 
 
 
Expired (Forfeited)
 
 
(8,600)
 
$
0.65
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at end of period
 
 
1,255,010
 
$
2.76
 
 
5.00
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at end of period
 
 
870,810
 
$
2.89
 
 
5.27
 
 
 
 
 
 
 
 
 
 
 
 
Vested and expected to vest at end of period
 
 
870,810
 
$
2.89
 
 
5.27
 
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:
 
 
 
Nine months Ended
 
 
 
September 30,
 
 
 
2015
 
2014
 
Research and development
 
$
189,625
 
$
9,651
 
General and administrative
 
 
955,231
 
 
15,801
 
 
 
$
1,144,856
 
$
25,452