Trupanion (TRUP) 10-Q 28 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information Document	6 Months Ended
	Jun. 30, 2014	Aug. 27, 2014
Entity Information [Line Items]	'	'
Entity Registrant Name	'TRUPANION INC.	'
Entity Central Index Key	'0001371285	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Non-accelerated Filer	'
Document Type	'10-Q	'
Document Period End Date	30-Jun-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	27,786,653

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheet (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Statement of Financial Position [Abstract]	'	'
Cash and cash equivalents	$9,288	$14,939
Investments in fixed maturities, at amortized cost	14,072	16,088
Accounts and other receivables	8,095	7,771
Prepaid expenses and other assets	1,059	935
Total current assets	32,514	39,733
Restricted cash	2,700	3,000
Investments in fixed maturities, at fair value	927	832
Property and equipment, net	5,167	3,124
Deferred offering costs	2,562	54
Intangible assets, net	4,880	4,910
Total assets	48,750	51,653
Accounts payable	4,179	1,263
Accrued liabilities	4,372	3,660
Claims reserve	4,393	5,612
Deferred revenue	8,771	8,468
Short-term debt	1,200	900
Warrant liabilities	4,380	4,900
Other payables	1,313	1,138
Deferred tax liabilities	82	82
Total current liabilities	28,690	26,023
Long-term debt	24,997	25,199
Deferred tax liabilities	1,542	1,540
Other liabilities	792	166
Total liabilities	56,021	52,928
Redeemable convertible preferred stock: $0.00001 par value per share	32,724	31,724
Common stock: $0.00001 par value per share	0	0
Special voting shares: $0.00001 par value per share	0	0
Additional paid-in capital	7,046	5,769
Accumulated other comprehensive loss	-45	-164
Accumulated deficit	-44,395	-36,003
Treasury stock, at cost	2,601	2,601
Total stockholders' deficit	-39,995	-32,999
Total liabilities, redeemable convertible preferred stock, and stockholders' deficit	$48,750	$51,653

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheet Condensed Consolidated Balance Sheet Parentheticals (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
Investment in fixed maturities, at amortized cost (fair value)	$14,072	$16,088
Investments in fixed maturities, at fair value (amortized cost)	$1,000	$1,000
Common Stock [Member]	'	'
Common Stock, Par or Stated Value Per Share	$0	$0
Common Stock, Shares Authorized	26,000,000	26,000,000
Common Stock, Shares, Issued	2,256,578	2,236,641
Common Stock, Shares, Outstanding	2,256,578	2,236,641
Convertible Preferred Stock [Member]	'	'
Preferred Stock, Par or Stated Value Per Share	$0	$0
Preferred Stock, Shares Authorized	15,666,748	15,648,723
Preferred Stock, Shares Issued	14,944,945	14,857,989
Preferred Stock, Shares Outstanding	14,944,945	14,857,989
Treasury Stock [Member]	'	'
Treasury Stock, Shares	620,979	620,979
Special Voting Shares [Member]	'	'
Special Voting Shares, Par or Stated Value per Share	$0	$0
Special Voting Shares, Shares Authorized	2,500,030	2,500,030
Special Voting Shares, Shares Issued	2,247,130	2,247,130
Special Voting Shares, Shares Outstanding	2,247,130	2,247,130

Condensed_Consolidated_Stateme

Condensed Consolidated Statement of Operations (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Statement [Abstract]	'	'	'	'
Revenue	$28,090	$19,842	$53,730	$37,684
Claims expenses	18,977	13,387	36,012	25,511
Other cost of revenue	3,963	2,626	7,812	4,736
Gross profit	5,150	3,829	9,906	7,437
Sales and marketing	2,810	2,268	5,456	4,840
Technology and development	2,553	1,152	4,753	2,035
General and administrative	3,292	2,022	6,078	3,949
Total operating expenses	8,655	5,442	16,287	10,824
Operating loss	-3,505	-1,613	-6,381	-3,387
Interest expense	726	143	1,468	266
Other (income) expense, net	-759	73	522	181
Loss before income taxes	-3,472	-1,829	-8,371	-3,834
Income tax expense (benefit)	7	-5	21	-84
Net loss	($3,479)	($1,824)	($8,392)	($3,750)
Net loss per share: Basic and diluted (per share)	($2.25)	($1.32)	($5.47)	($3.03)
Weighted average shares used to compute net loss per share: Basic and diluted (in shares)	1,543,134	1,379,803	1,533,668	1,237,558

Condensed_Consolidated_Stateme1

Condensed Consolidated Statement of Comprehensive Income Statement (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Net loss	($3,479)	($1,824)	($8,392)	($3,750)
Foreign currency translation adjustments	-27	98	24	2
Change in unrealized losses on available-for-sale securities	60	-71	95	-33
Other comprehensive income (loss), net of taxes	33	27	119	-31
Comprehensive loss	($3,446)	($1,797)	($8,273)	($3,781)

Condensed_Consolidated_Stateme2

Condensed Consolidated Statement of Cash Flows (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Statement of Cash Flows [Abstract]	'	'
Net loss	($8,392)	($3,750)
Depreciation and amortization	729	419
Amortization of debt discount	470	8
Loss on disposal of equipment	48	0
Warrant expense	480	126
Stock-based compensation expense	1,193	886
Loss from equity method investment	0	52
Net amortization on bonds	4	11
Accounts receivable	-320	-4,623
Prepaid expenses and other current assets	-121	94
Accounts payable	75	-57
Accrued liabilities	-428	-406
Claims reserve	-1,219	2,123
Deferred revenue	303	3,423
Other payables	743	10
Net cash used in operating activities	-6,435	-1,684
Purchases of investment securities, held-to-maturity	-16,266	-9,394
Maturities of investment securities, held-to-maturity	18,277	9,106
Purchases of property and equipment	-2,268	-877
Net cash used in investing activities	-257	-1,165
Restricted cash	300	0
Advance on term loan	-2,000	0
Deferred financing costs	-1,091	0
Proceeds from exercise of stock options	46	374
(Repayments of) proceeds from line of credit	-300	3,200
Net cash provided by financing activities	955	3,574
Effect of foreign exchange rates on cash, net	86	110
Net (decrease) increase in cash and cash equivalents	-5,651	835
Cash and cash equivalents at beginning of period	14,939	4,234
Cash and cash equivalents at end of period	9,288	5,069
Income taxes paid	9	0
Interest paid	457	295
Warrants issued in conjunction with debt issuance	0	43
Exchange of stock and intangible asset for equity method investment	0	448
Increase in payables for property and equipment	518	36
Increase in payables for deferred financing costs	1,487	0
Cashless exercise of preferred stock warrants	$999	$0

Nature_of_Operations_and_Summa

Nature of Operations and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Nature of Operations and Summary of Significant Accounting Policies	'
	Nature of Operations and Summary of Significant Accounting Policies
	Description of Business
	Trupanion, Inc. (collectively with its wholly-owned subsidiaries, the Company) is a direct-to-consumer monthly subscription service provider of a medical plan for cats and dogs throughout the United States, Canada and Puerto Rico.
	Basis of Presentation
	The condensed consolidated balance sheet data as of December 31, 2013 was derived from audited consolidated financial statements. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) for unaudited condensed consolidated financial information. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. These unaudited condensed consolidated financial statements and notes should be read in conjunction with the Company's audited consolidated financial statements and accompanying notes for the year ended December 31, 2013 included in the Company’s prospectus filed with the SEC pursuant to Rule 424(b) under the Securities Act of 1933 on July 18, 2014. The accompanying unaudited condensed consolidated financial statements reflect all adjustments consisting of normal recurring adjustments which, in the opinion of management, are necessary for a fair presentation of the Company's financial position and results of its operations, as of and for the periods presented. Operating results for the three and six months ended June 30, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014, or for any other period.
	Reclassifications
	Certain prior year amounts have been reclassified within the Company’s consolidated financial statements from their original presentation to conform with the current period presentation.
	Use of Estimates
	The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingencies and the reported amounts of revenue and expenses. Significant items subject to such estimates and assumptions include the valuation of deferred tax assets, stock-based compensation, warrant liabilities, claims reserve, useful lives of software developed for internal use and income tax uncertainties. Actual results could differ from the estimates used in preparing the consolidated financial statements.
	Income Taxes
	The Company is subject to income taxes in the United States and in Canada. The provision for income taxes reflects the Company's estimated effective tax rate for the year. The difference between this rate and the U.S. federal income tax rate of 35% was primarily due to a full valuation allowance on its U.S. deferred tax assets. During the three and six months ended June 30, 2014, the Company reduced its accrual for its existing uncertain tax positions by $53.
	Deferred Offering Costs
	Deferred offering costs, including legal, accounting and other fees and costs related to our initial public offering, were capitalized and included as a noncurrent asset in the consolidated balance sheets. The deferred offering costs were offset against initial public offering proceeds upon the closing of the initial public offering. There were $2.6 million and $0.1 million of capitalized deferred offering costs as of June 30, 2014 and December 31, 2013, respectively, and no similar costs as of December 31, 2012.
	Accumulated Other Comprehensive Loss
	A rollforward of accumulated other comprehensive loss is as follows:
		ACCUMULATED OTHER COMPREHENSIVE LOSS
		UNREALIZED LOSSES ON AVAILABLE FOR SALE SECURITIES			FOREIGN CURRENCY GAIN
	Balance at December 31, 2013	$	(168	)	$	4
	Other comprehensive loss	35			51
	Balance at March 31, 2014	(133		)	55
	Other comprehensive loss	60			(27		)
	Balance at June 30, 2014	$	(73	)	$	28
	There were no reclassifications out of accumulated other comprehensive loss during the three and six months ended June 30, 2014 and 2013.
	Recent Accounting Pronouncements
	In May 2014, the Financial Accounting Standards Board (FASB) issued an Accounting Standard Update (ASU) amending revenue recognition guidance and requiring more detailed disclosures to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. Insurance contracts are excluded from the scope of this new guidance. The guidance is effective for annual and interim reporting periods beginning after December 15, 2016, with early adoption prohibited, and must be applied retrospectively or modified retrospectively. We are currently evaluating the impact this ASU will have on our consolidated financial statements.

Net_Loss_per_Share

Net Loss per Share	6 Months Ended
	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	Basic net loss per share is calculated by dividing the net loss by the weighted-average number of shares of common stock outstanding for the period. Excluded from the weighted-average number of shares outstanding are shares that have been issued and are subject to future vesting and unvested restricted stock. Diluted net loss per share is calculated by dividing the net loss by the weighted-average number of common stock equivalents outstanding for the period determined using the treasury-stock method. Potentially dilutive common stock equivalents are comprised of convertible preferred stock, warrants for the purchase of convertible preferred stock and common stock, exchangeable shares, unvested restricted stock and stock options. For all periods presented, there is no difference in the number of shares used to calculate basic and diluted shares outstanding due to the Company’s net loss position.
	The following potential dilutive equity securities are not included in the diluted net loss per common share calculation because they would have had an antidilutive effect:
		AS OF JUNE 30,
		2014	2013
	Stock options	4,959,826	4,408,170
	Restricted stock	706,514	—
	Warrants	784,111	135,672
	Series A convertible preferred stock	7,553,239	7,466,283
	Series B convertible preferred stock	3,546,384	3,546,384
	Series C convertible preferred stock	3,845,322	3,845,322
	Exchangeable shares	2,247,130	2,247,130
	Convertible preferred stock is presented on an as converted basis to reflect the applicable conversion ratio.

Investment_Securities_Notes

Investment Securities (Notes)	6 Months Ended
	Jun. 30, 2014
Investments, Debt and Equity Securities [Abstract]	'
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	'
	The amortized cost, gross unrealized holding gains and losses, and fair value of available-for-sale and held-to-maturity fixed maturity securities by major security type and class of security were as follows:
		AMORTIZED		GROSS		GROSS			FAIR
		COST		UNREALIZED		UNREALIZED			VALUE
				HOLDING		HOLDING
				GAINS		LOSSES
	As of June 30, 2014
	Available-for-sale:
	Municipal bond	$	1,000	$	—	$	(73	)	$	927
		$	1,000	$	—	$	(73	)	$	927
	Held-to-maturity:
	U.S. Treasury securities	$	5,779	$	—	$	(1	)	$	5,778
	Certificates of deposit	2,700		—		—			2,700
	U.S. government funds	5,593		—		—			5,593
		$	14,072	$	—	$	(1	)	$	14,071
		AMORTIZED		GROSS		GROSS			FAIR
		COST		UNREALIZED		UNREALIZED			VALUE
				HOLDING		HOLDING
				GAINS		LOSSES
	As of December 31, 2013
	Available-for-sale:
	Municipal bond	$	1,000	$	—	$	(168	)	$	832
		$	1,000	$	—	$	(168	)	$	832
	Held-to-maturity:
	U.S. Treasury securities	$	5,778	$	—	$	—		$	5,778
	Certificates of deposit	2,700		—		—			$	2,700
	U.S. government funds	7,610		—		—			$	7,610
		$	16,088	$	—	$	—		$	16,088
	Maturities of debt securities classified as available-for-sale were as follows:
		30-Jun-14
		AMORTIZED		FAIR
		COST		VALUE
	Available-for-sale:
	Due under one year	$	—	$	—
	Due after one year through five years	—		—
	Due after five years through ten years	1,000		927
	Due after ten years	—		—
		$	1,000	$	927
	Maturities of debt securities classified held-to-maturity were as follows:
		30-Jun-14
		AMORTIZED		FAIR
		COST		VALUE
	Held-to-maturity:
	Due under one year	$	14,072	$	14,071
	Due after one year through five years	—		—
	Due after five years through ten years	—		—
	Due after ten years	—		—
		$	14,072	$	14,071
	The Company had one investment with an unrealized loss of $73 and a fair value of $927 at June 30, 2014 and an unrealized loss of $168 and a fair value of $832 at December 31, 2013. The debt security has been in the unrealized loss position for more than 12 months. The Company has assessed the bond for credit impairment and has determined that there is no intent to sell this bond and it is likely that it will hold the investment for a period of time sufficient to allow for a recovery. Furthermore, future payments on this bond are insured by a financial guarantee insurer. Therefore, the Company believes that the unrealized loss on this bond constitutes a temporary impairment.

Fair_Value

Fair Value	6 Months Ended
	Jun. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
	. Fair Value
	The Company determines fair value based on assumptions that market participants would use in pricing an asset or liability in the principal or most advantageous market. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible.
	When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one of the following levels:
	•	Level 1 inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date.
	•	Level 2 inputs: Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data.
	•	Level 3 inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date.
	The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured at fair value on a recurring basis:
		AS OF JUNE 30, 2014
					LEVEL 1			LEVEL 2		LEVEL 3
	Assets
	Restricted cash	$	2,700		$	2,700		$	—	$	—
	Municipal bond	927			—			927		—
	Total	$	3,627		$	2,700		$	927	$	—
	Liabilities
	Warrant liabilities	$	4,380		$	—		$	—	$	4,380
	Total	$	4,380		$	—		$	—	$	4,380
		AS OF DECEMBER 31, 2013
					LEVEL 1			LEVEL 2		LEVEL 3
	Assets
	Restricted cash	$	3,000		$	3,000		$	—	$	—
	Municipal bond	832			—			832		—
	Total	$	3,832		$	3,000		$	832	$	—
	Liabilities
	Warrant liabilities	$	4,900		$	—		$	—	$	4,900
	Total	$	4,900		$	—		$	—	$	4,900
	A rollforward of activity in investments valued using Level 3 inputs is as follows:
		WARRANT LIABILITIES
		2014			2013
	Balance at January 1,	$	4,900		$	551
	Issuance of warrants	—			44
	Change in fair value upon remeasurement	1,219			98
	Balance at March 31,	6,119			693
	Settlement of warrant liability upon exercise	(999		)	—
	Change in fair value upon remeasurement	(740		)	28
	Balance at June 30,	$	4,380		$	721
	Changes in fair value upon remeasurement are recorded in other (income) expense, net on the consolidated statement of operations.
	The Company estimates fair value for its long-term debt based upon rates currently available to the Company for debt with similar terms and remaining maturities and this is a Level 3 measurement. Based upon the terms of the debt, the carrying amount of the $3,000 term loan approximates fair value at June 30, 2014 and December 31, 2013. The fair value of the $12,000 term loan was $12,078 and $12,000 at June 30, 2014 and December 31, 2013, respectively.
	The Company’s accounting policy is to recognize transfers between levels of the fair value hierarchy on the date of the event or change in circumstances that caused the transfer. There were no transfers between levels for the six months ended June 30, 2014.
	The following methods and assumptions were used to estimate the fair value of each class of financial instruments:
	•	Investment securities: Debt securities classified as available-for-sale are measured using quoted market prices when quoted market prices are available. If quoted market prices in active markets for identical assets are not available to determine fair value, then the Company uses quoted prices of similar instruments and other significant inputs derived from observable market data obtained from third-party data providers. Held-to-maturity securities are carried at amortized cost and the fair value is disclosed in Note 3. Fair value is determined in the same manner as available-for-sale securities and are considered Level 2 measurements.
	•	Warrant liabilities: These liabilities are valued using the Black-Scholes-Merton option-pricing model using certain unobservable inputs that are estimated by the Company. These inputs include a measure of volatility using an average of peer companies’ publicly traded stock volatility, expected dividend payments based on management’s assertion that no dividends will be paid in the near term, the remaining contractual term and a discount rate using an average equivalent bond yield calculation. The range of inputs used is as follows:
		THREE MONTHS ENDED			SIX MONTHS ENDED
		JUNE 30,			JUNE 30,
		2014		2013	2014		2013
	Expected volatility	39%–46%		40%–42%	34%–46%		40%–46%
	Expected dividends	—%		—%	—%		—%
	Risk-free rate	1.25%–1.62%		0.15%–1.96%	0.03%–1.73%		0.14%–1.96%
	Term	3.5–5.8 years		0.8–6.8 years	0.1–6.0 years		0.8–7.0 years
	An increase or decrease in any of these unobservable inputs would result in a change in the fair value measurement, which may be significant. The liabilities are revalued each period-end until exercised or expired. Gains and losses on revaluation of the liabilities are recorded in other (income) expense, net in the Company’s consolidated financial statements.

Debt

Debt	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	5. Debt
	The Company's outstanding debt at June 30, 2014 was as follows:
		PRINCIPAL	DISCOUNT	BALANCE	MATURITY
	Line of credit	$14,900	$—	$14,900	July 23, 2015
	Term loan	2,700	—	2,700	September 28, 2016
	Term loan	12,000	3,403	8,597	December 23, 2016
		$29,600	$3,403	$26,197
	The Company has a revolving line of credit with a bank, which is secured by any and all interest the Company has in assets that are not otherwise restricted. The revolving line of credit bears a variable interest rate as of June 30, 2014 and 2013, equal to the greater of 5.0% or 1.5% plus the prime rate. Interest expense is due monthly on the outstanding principal amount with all amounts outstanding under the revolving line of credit due upon maturity in July 2015.
	On March 28, 2013, the Company obtained a term loan from the same bank of $3,000 in aggregate principal. The interest rate on the term loan was the greater of 5.5% or 2.0% plus the prime rate. All amounts outstanding under the term loan, including principal and accrued interest, were payable in 30 equal monthly installments beginning on April 28, 2014. $300 in principal was repaid on the loan during the three and six months ended June 30, 2014. The term loan would have matured in September 2016, at which time all amounts outstanding under it would have become immediately due and payable. During July 2014, the outstanding term loan was repaid in full.
	Borrowings on the credit facility with the bank, inclusive of amounts under the revolving line of credit and the term loan, are limited to the lesser of $15,000 in 2014 and 2013, and the total amount of cash and securities held by American Pet Insurance Company, (APIC), less up to $500 for obligations the Company may have outstanding for other ancillary services.
	On December 23, 2013, the Company obtained a term loan in an aggregate principal amount of $12,000. This note was entered into at a discount of $3,801 related to the issuance of warrants from the principal amount at maturity of $12,000. The term loan bore a fixed interest rate of 11.0% per year and was due on the earlier of three years from the issue date or certain triggering events, including a qualifying initial public offering. During July 2014, the outstanding term loan was repaid in full.
	The credit agreements require the Company to comply with various financial and non-financial covenants. As of June 30, 2014, the Company was in compliance with these covenants. The credit facility with the bank also has a compensating balance requirement of $500. Substantially all of the Company's assets were pledged as collateral for the three outstanding loan facilities as of June 30, 2014.

Commitment_and_Contingencies

Commitment and Contingencies	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	During 2013, the Company determined that it owes goods and services tax (GST) and harmonized sales tax (HST) in Canada for certain intercompany fees charged to its Canadian entities from 2007 through 2013. The Company began a voluntary self-disclosure with the Canada Revenue Agency for these unpaid taxes in 2014 under the Canada Revenue Agency Voluntary Disclosures Program, which would, if successful, avoid the imposition of penalties for late payment. Interest will be due on the amounts owed. The Company submitted the completed voluntary self-disclosure during the second quarter of 2014. The Company has accrued $983 of GST/HST tax for the 2007 through 2013 tax years, including interest.
	The Company’s subsidiary, APIC, a New York corporation, received an inquiry from the California Department of Insurance (CDOI) in 2011 alleging APIC’s trial insurance policies issued in California are in violation of California law. The Company has disputed this assertion. In July 2014, the CDOI filed a notice of non-compliance regarding this issue.  APIC received an extension to request a hearing to contest the notice. As of June 30, 2014 and December 31, 2013, the Company had accrued liabilities of $100 for this matter. While the Company intends to defend this matter vigorously, adverse outcomes beyond recorded amounts are reasonably possible. At this stage in the matter, however, the Company is unable to estimate a possible loss or range of possible loss beyond amounts previously accrued.
	The Company received an inquiry from the Washington State Office of the Insurance Commissioner (OIC) in December 2012 concerning whether a subsidiary of the Company was properly licensed, and whether certain of its employees were properly licensed, under Washington law. The Company responded to this letter in January of 2013, stating that the subsidiary is licensed, and its employees are not required to be licensed under Washington law. The Company received additional correspondence from the OIC in July 2014 informing it that the OIC is scheduling a regulatory examination to further assess the Company’s compliance.  Because of the inherent uncertainties of this matter, including the early stage and lack of specific claims, the Company currently believes the likelihood of a material loss is unlikely and cannot predict the impact (if any) that the matter may have on the Company’s business, results of operations, financial position or cash flows.
	The Company also is subject to a variety of other claims and suits that arise from time to time in the ordinary course of its business.
	The Company makes a provision for a liability relating to legal matters when it is both probable that a liability beyond previously accrued amounts has been incurred and the amount of the loss can be reasonably estimated. These provisions are reviewed at least quarterly and adjusted to reflect the impacts of negotiations, estimated settlements, legal rulings, advice of legal counsel and other information and events pertaining to a particular matter. Although management currently believes that resolving outstanding matters, individually or in aggregate, will not have a material adverse impact on the Company’s financial statements, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future.

Segments

Segments	6 Months Ended
	Jun. 30, 2014
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	The Company has two segments, subscription business and other business. The subscription business segment includes monthly subscriptions related to the Company’s medical plan, while the other business segment includes all other business, including policies written for third parties and policies written under a federal government program. The chief operating decision maker uses two measures to evaluate segment performance: revenue and gross profit. Corporate operating expenses, interest and other expenses, and income taxes are not allocated to the segments, nor included in the measure of segment profit or loss. The Company does not analyze discrete segment balance sheet information related to long-term assets.
	Revenue and gross profit of the Company’s segments were as follows:
		THREE MONTHS ENDED						SIX MONTHS ENDED
		JUNE 30,						JUNE 30,
		2014			2013			2014			2013
	Revenue:
	Subscription business	$	25,359		$	18,368		$	48,448		$	35,385
	Other business	2,731			1,474			5,282			2,299
		28,090			19,842			53,730			37,684
	Claims expenses:
	Subscription business	17,819			12,696			33,923			24,440
	Other business	1,158			691			2,089			1,071
		18,977			13,387			36,012			25,511
	Other cost of revenue:
	Subscription business	2,699			2,002			5,198			3,731
	Other business	1,264			624			2,614			1,005
		3,963			2,626			7,812			4,736
	Gross profit:
	Subscription business	4,841			3,670			9,327			7,214
	Other business	309			159			579			223
		5,150			3,829			9,906			7,437
	Sales and marketing	2,810			2,268			5,456			4,840
	Technology and development	2,553			1,152			4,753			2,035
	General and administrative	3,292			2,022			6,078			3,949
	Operating loss	$	(3,505	)	$	(1,613	)	$	(6,381	)	$	(3,387	)
	The following table presents the Company’s revenue by geographic region of the member:
		THREE MONTHS ENDED						SIX MONTHS ENDED
		JUNE 30,						JUNE 30,
		2014			2013			2014			2013
	United States	$	20,925		$	13,747		$	39,822		$	25,702
	Canada	7,165			6,095			13,908			11,982
	Total revenue	$	28,090		$	19,842		$	53,730		$	37,684
	Substantially all of the Company’s long-lived assets were located in the United States as of December 31, 2013 and June 30, 2014.

Subsequent_Events

Subsequent Events	6 Months Ended
	Jun. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	. Subsequent Events
	On July 2, 2014, the Company entered into an amended and restated credit agreement in relation to its existing $12,000 term loan entered into on December 23, 2013 for a secured subordinated term loan totaling $29,000, which reflected an increase of $17,000 from the prior agreement. The term loan accrued interest at a fixed rate of 11.0% per year and was set to mature in December 2016. The term loan, however, required repayment in full upon the completion of our initial public offering, which would result in a 1.5% prepayment premium on the $17,000 increase. In connection with the amended and restated credit agreement, the Company also issued to the new lenders warrants to purchase an aggregate of 415,646 shares of common stock, with an exercise price $12.27 per share, subject to adjustment to the price per share upon the completion of an initial public offering. Certain lenders participating in these agreements were related parties.
	On July 11, 2014, the Company fully repaid the $3,000 term loan entered into on March 28, 2013 which also resulted in a release of all restricted cash on hand.
	On July 16, 2014, the 2014 Equity Incentive Plan and 2014 Employee Stock Purchase Plan were adopted by the Company's board of directors, which reserved 2,000,000 shares of common stock for issuance under each plan, subject to automatic renewal increases. In addition, the shares of common stock reserved but not issued under our 2007 Equity Compensation Plan as of the effective date of our 2014 Equity Compensation Plan became available for issuance under such plan.
	On July 23, 2014, the Company amended and restated its certificate of incorporation to authorize the issuance of up to 200,000,000 shares of common stock and 10,000,000 shares of preferred stock.
	On July 23, 2014, the Company completed an initial public offering (IPO) whereby 8,193,750 shares of common stock were sold to the public at a price of $10.00 per share. The Company received net proceeds of approximately $72.9 million from the IPO. Upon the closing of the IPO, all shares of the outstanding convertible preferred stock and exchangeable shares automatically converted into 14,944,945 and 2,247,130 shares of common stock, respectively. In connection with this conversion, all outstanding special voting shares were redeemed and all warrants to purchase convertible preferred stock were converted into warrants to purchase common stock. Also, existing common stock warrants, including warrants granted in July 2014, were adjusted such that they became warrants to purchase 870,000 shares of common stock at an exercise price of $10.00 per share and were moved from a liability classification to all equity classification on the balance sheet.
	On July 23, 2014, the Company repaid the outstanding $29,000 term loan, related accrued interest of $895 and prepayment penalty of $255 in full.

Nature_of_Operations_and_Summa1

Nature of Operations and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Deferred Charges, Policy [Policy Text Block]	'
	Deferred Offering Costs
	Deferred offering costs, including legal, accounting and other fees and costs related to our initial public offering, were capitalized and included as a noncurrent asset in the consolidated balance sheets. The deferred offering costs were offset against initial public offering proceeds upon the closing of the initial public offering. There were $2.6 million and $0.1 million of capitalized deferred offering costs as of June 30, 2014 and December 31, 2013, respectively, and no similar costs as of December 31, 2012.
Description of Business and Basis of Presentation	'
	Description of Business
	Trupanion, Inc. (collectively with its wholly-owned subsidiaries, the Company) is a direct-to-consumer monthly subscription service provider of a medical plan for cats and dogs throughout the United States, Canada and Puerto Rico.
	Basis of Presentation
	The condensed consolidated balance sheet data as of December 31, 2013 was derived from audited consolidated financial statements. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) for unaudited condensed consolidated financial information. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. These unaudited condensed consolidated financial statements and notes should be read in conjunction with the Company's audited consolidated financial statements and accompanying notes for the year ended December 31, 2013 included in the Company’s prospectus filed with the SEC pursuant to Rule 424(b) under the Securities Act of 1933 on July 18, 2014. The accompanying unaudited condensed consolidated financial statements reflect all adjustments consisting of normal recurring adjustments which, in the opinion of management, are necessary for a fair presentation of the Company's financial position and results of its operations, as of and for the periods presented. Operating results for the three and six months ended June 30, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014, or for any other
Reclassification, Policy [Policy Text Block]	'
	Reclassifications
	Certain prior year amounts have been reclassified within the Company’s consolidated financial statements from their original presentation to conform with the current period presentation
Use of Estimates [Policy Text Block]	'
	Use of Estimates
	The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingencies and the reported amounts of revenue and expenses. Significant items subject to such estimates and assumptions include the valuation of deferred tax assets, stock-based compensation, warrant liabilities, claims reserve, useful lives of software developed for internal use and income tax uncertainties. Actual results could differ from the estimates used in preparing the consolidated financial statements.
Income Tax, Policy [Policy Text Block]	'
	Income Taxes
	The Company is subject to income taxes in the United States and in Canada. The provision for income taxes reflects the Company's estimated effective tax rate for the year. The difference between this rate and the U.S. federal income tax rate of 35% was primarily due to a full valuation allowance on its U.S. deferred tax assets. During the three and six months ended June 30, 2014, the Company reduced its accrual for its existing uncertain tax positions by $53.
New Accounting Pronouncements, Policy [Policy Text Block]	'
	Recent Accounting Pronouncements
	In May 2014, the Financial Accounting Standards Board (FASB) issued an Accounting Standard Update (ASU) amending revenue recognition guidance and requiring more detailed disclosures to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. Insurance contracts are excluded from the scope of this new guidance. The guidance is effective for annual and interim reporting periods beginning after December 15, 2016, with early adoption prohibited, and must be applied retrospectively or modified retrospectively. We are currently evaluating the impact this ASU will have on our consolidated financial statements.

Nature_of_Operations_and_Summa2

Nature of Operations and Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	'
	Accumulated Other Comprehensive Loss
	A rollforward of accumulated other comprehensive loss is as follows:
		ACCUMULATED OTHER COMPREHENSIVE LOSS
		UNREALIZED LOSSES ON AVAILABLE FOR SALE SECURITIES			FOREIGN CURRENCY GAIN
	Balance at December 31, 2013	$	(168	)	$	4
	Other comprehensive loss	35			51
	Balance at March 31, 2014	(133		)	55
	Other comprehensive loss	60			(27		)
	Balance at June 30, 2014	$	(73	)	$	28
	There were no reclassifications out of accumulated other comprehensive loss during the three and six months ended June 30, 2014 and 2013.

Net_Loss_per_Share_Tables

Net Loss per Share (Tables)	6 Months Ended
	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	'
	The following potential dilutive equity securities are not included in the diluted net loss per common share calculation because they would have had an antidilutive effect:
		AS OF JUNE 30,
		2014	2013
	Stock options	4,959,826	4,408,170
	Restricted stock	706,514	—
	Warrants	784,111	135,672
	Series A convertible preferred stock	7,553,239	7,466,283
	Series B convertible preferred stock	3,546,384	3,546,384
	Series C convertible preferred stock	3,845,322	3,845,322
	Exchangeable shares	2,247,130	2,247,130

Investment_Securities_Availabl

Investment Securities Available-for-Sale (Tables)	6 Months Ended
	Jun. 30, 2014
Investments, Debt and Equity Securities [Abstract]	'
Investment [Table Text Block]	'
	The amortized cost, gross unrealized holding gains and losses, and fair value of available-for-sale and held-to-maturity fixed maturity securities by major security type and class of security were as follows:
		AMORTIZED			GROSS			GROSS			FAIR
		COST			UNREALIZED			UNREALIZED			VALUE
					HOLDING			HOLDING
					GAINS			LOSSES
	As of June 30, 2014
	Available-for-sale:
	Municipal bond	$	1,000		$	—		$	(73	)	$	927
		$	1,000		$	—		$	(73	)	$	927
	Held-to-maturity:
	U.S. Treasury securities	$	5,779		$	—		$	(1	)	$	5,778
	Certificates of deposit	2,700			—			—			2,700
	U.S. government funds	5,593			—			—			5,593
		$	14,072		$	—		$	(1	)	$	14,071
		AMORTIZED			GROSS			GROSS			FAIR
		COST			UNREALIZED			UNREALIZED			VALUE
					HOLDING			HOLDING
					GAINS			LOSSES
	As of December 31, 2013
	Available-for-sale:
	Municipal bond	$	1,000		$	—		$	(168	)	$	832
		$	1,000		$	—		$	(168	)	$	832
	Held-to-maturity:
	U.S. Treasury securities	$	5,778		$	—		$	—		$	5,778
	Certificates of deposit	2,700			—			—			$	2,700
	U.S. government funds	7,610			—			—			$	7,610
		$	16,088		$	—		$	—		$	16,088
Available-for-sale Securities [Table Text Block]	'
	Maturities of debt securities classified as available-for-sale were as follows:
		30-Jun-14
		AMORTIZED			FAIR
		COST			VALUE
	Available-for-sale:
	Due under one year	$	—		$	—
	Due after one year through five years	—			—
	Due after five years through ten years	1,000			927
	Due after ten years	—			—
		$	1,000		$	927
Held-to-maturity Securities [Table Text Block]	'
	Maturities of debt securities classified held-to-maturity were as follows:
		30-Jun-14
		AMORTIZED			FAIR
		COST			VALUE
	Held-to-maturity:
	Due under one year	$	14,072		$	14,071
	Due after one year through five years	—			—
	Due after five years through ten years	—			—
	Due after ten years	—			—
		$	14,072		$	14,071
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	'
	Accumulated Other Comprehensive Loss
	A rollforward of accumulated other comprehensive loss is as follows:
		ACCUMULATED OTHER COMPREHENSIVE LOSS
		UNREALIZED LOSSES ON AVAILABLE FOR SALE SECURITIES			FOREIGN CURRENCY GAIN
	Balance at December 31, 2013	$	(168	)	$	4
	Other comprehensive loss	35			51
	Balance at March 31, 2014	(133		)	55
	Other comprehensive loss	60			(27		)
	Balance at June 30, 2014	$	(73	)	$	28
	There were no reclassifications out of accumulated other comprehensive loss during the three and six months ended June 30, 2014 and 2013.

Fair_Value_Tables

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair value, asset & liabilities measured on recurring basis [Table Text Block]	'
	The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured at fair value on a recurring basis:
		AS OF JUNE 30, 2014
					LEVEL 1			LEVEL 2		LEVEL 3
	Assets
	Restricted cash	$	2,700		$	2,700		$	—	$	—
	Municipal bond	927			—			927		—
	Total	$	3,627		$	2,700		$	927	$	—
	Liabilities
	Warrant liabilities	$	4,380		$	—		$	—	$	4,380
	Total	$	4,380		$	—		$	—	$	4,380
		AS OF DECEMBER 31, 2013
					LEVEL 1			LEVEL 2		LEVEL 3
	Assets
	Restricted cash	$	3,000		$	3,000		$	—	$	—
	Municipal bond	832			—			832		—
	Total	$	3,832		$	3,000		$	832	$	—
	Liabilities
	Warrant liabilities	$	4,900		$	—		$	—	$	4,900
	Total	$	4,900		$	—		$	—	$	4,900
Fair value, assets measured on recurring basis, unobservable input reconciliation [Table Text Block]	'
	A rollforward of activity in investments valued using Level 3 inputs is as follows:
		WARRANT LIABILITIES
		2014			2013
	Balance at January 1,	$	4,900		$	551
	Issuance of warrants	—			44
	Change in fair value upon remeasurement	1,219			98
	Balance at March 31,	6,119			693
	Settlement of warrant liability upon exercise	(999		)	—
	Change in fair value upon remeasurement	(740		)	28
	Balance at June 30,	$	4,380		$	721
Fair value inputs, warrant liabilities, quantitative information [Table Text Block]	'
	•	Warrant liabilities: These liabilities are valued using the Black-Scholes-Merton option-pricing model using certain unobservable inputs that are estimated by the Company. These inputs include a measure of volatility using an average of peer companies’ publicly traded stock volatility, expected dividend payments based on management’s assertion that no dividends will be paid in the near term, the remaining contractual term and a discount rate using an average equivalent bond yield calculation. The range of inputs used is as follows:
		THREE MONTHS ENDED			SIX MONTHS ENDED
		JUNE 30,			JUNE 30,
		2014		2013	2014		2013
	Expected volatility	39%–46%		40%–42%	34%–46%		40%–46%
	Expected dividends	—%		—%	—%		—%
	Risk-free rate	1.25%–1.62%		0.15%–1.96%	0.03%–1.73%		0.14%–1.96%
	Term	3.5–5.8 years		0.8–6.8 years	0.1–6.0 years		0.8–7.0 years

Debt_Debt_Tables

Debt Debt (Tables)	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of Debt [Table Text Block]	'
	The Company's outstanding debt at June 30, 2014 was as follows:
		PRINCIPAL	DISCOUNT	BALANCE	MATURITY
	Line of credit	$14,900	$—	$14,900	July 23, 2015
	Term loan	2,700	—	2,700	September 28, 2016
	Term loan	12,000	3,403	8,597	December 23, 2016
		$29,600	$3,403	$26,197

Stockbased_Compensation_Tables

Stock-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	'
	The following table presents information regarding options granted, exercised and forfeited for the periods presented:
		NUMBER		WEIGHTED-			AGGREGATE
		OF		AVERAGE			INTRINSIC
		OPTIONS		EXERCISE			VALUE
				PRICE
	December 31, 2013	4,663,445		$	2.12		$	30,406
	Granted	376,100		10.51
	Exercised	(19,937	)	2.31			141
	Forfeited	(59,782	)	5.66
	30-Jun-14	4,959,826		2.72			33,151
	As of June 30, 2014, the stock options outstanding had a remaining contractual life of 7.0 years.
		NUMBER		WEIGHTED-			WEIGHTED-			WEIGHTED-		AGGREGATE
		OF		AVERAGE			AVERAGE			AVERAGE		INTRINSIC
		OPTIONS		FAIR VALUE			EXERCISE			REMAINING		VALUE
							PRICE			CONTRACTUAL
										TERM
										(IN YEARS)
	Vested and exercisable at December 31, 2013	2,719,609		$	1.32		$	1.38		6.03		$	19,908
	Vested and exercisable at June 30, 2014	3,328,493		$	1.37		$	1.49		6.16		$	26,326
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
	The following table presents information regarding options granted, exercised and forfeited for the periods presented:
		NUMBER		WEIGHTED-			AGGREGATE
		OF		AVERAGE			INTRINSIC
		OPTIONS		EXERCISE			VALUE
				PRICE
	December 31, 2013	4,663,445		$	2.12		$	30,406
	Granted	376,100		10.51
	Exercised	(19,937	)	2.31			141
	Forfeited	(59,782	)	5.66
	30-Jun-14	4,959,826		2.72			33,151
	As of June 30, 2014, the stock options outstanding had a remaining contractual life of 7.0 years.
		NUMBER		WEIGHTED-			WEIGHTED-			WEIGHTED-		AGGREGATE
		OF		AVERAGE			AVERAGE			AVERAGE		INTRINSIC
		OPTIONS		FAIR VALUE			EXERCISE			REMAINING		VALUE
							PRICE			CONTRACTUAL
										TERM
										(IN YEARS)
	Vested and exercisable at December 31, 2013	2,719,609		$	1.32		$	1.38		6.03		$	19,908
	Vested and exercisable at June 30, 2014	3,328,493		$	1.37		$	1.49		6.16		$	26,326
	Stock-based compensation expense includes stock options and restricted stock granted to employees and non-employees and has been reported in the Company’s statements of operations in claims expenses, other cost of revenue, sales and marketing, technology and development, and general and administrative expenses depending on the function performed by the employee or non-employee. As of June 30, 2014, the Company had unrecognized stock-based compensation of $8,850 related to stock options and restricted stock held by employees and non-employees, which is expected to vest over a weighted-average period of approximately 1.7 years. As of June 30, 2014, the Company had 1,631,333 unvested stock options and 706,514 restricted stock awards that are expected to vest. No net tax benefits related to the stock-based compensation costs have been recognized since the Company’s inception. The expense recognized in each category is provided in the table below:
		THREE MONTHS ENDED						SIX MONTHS ENDED
		JUNE 30,						JUNE 30,
		2014			2013			2014			2013
	Claims expenses	$	51		$	39		$	108		$	71
	Other cost of revenue	13			9			37			17
	Sales and marketing	144			202			293			345
	Technology and development	98			94			196			165
	General and administrative	320			141			559			288
	Total stock-based compensation	$	626		$	485		$	1,193		$	886
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	'
	Stock-based compensation expense includes stock options and restricted stock granted to employees and non-employees and has been reported in the Company’s statements of operations in claims expenses, other cost of revenue, sales and marketing, technology and development, and general and administrative expenses depending on the function performed by the employee or non-employee. As of June 30, 2014, the Company had unrecognized stock-based compensation of $8,850 related to stock options and restricted stock held by employees and non-employees, which is expected to vest over a weighted-average period of approximately 1.7 years. As of June 30, 2014, the Company had 1,631,333 unvested stock options and 706,514 restricted stock awards that are expected to vest. No net tax benefits related to the stock-based compensation costs have been recognized since the Company’s inception. The expense recognized in each category is provided in the table below:
		THREE MONTHS ENDED						SIX MONTHS ENDED
		JUNE 30,						JUNE 30,
		2014			2013			2014			2013
	Claims expenses	$	51		$	39		$	108		$	71
	Other cost of revenue	13			9			37			17
	Sales and marketing	144			202			293			345
	Technology and development	98			94			196			165
	General and administrative	320			141			559			288
	Total stock-based compensation	$	626		$	485		$	1,193		$	886

Segments_Tables

Segments (Tables)	6 Months Ended
	Jun. 30, 2014
Segment Reporting [Abstract]	'
Revenue and Gross Profit from Segments [Table Text Block]	'
	The Company has two segments, subscription business and other business. The subscription business segment includes monthly subscriptions related to the Company’s medical plan, while the other business segment includes all other business, including policies written for third parties and policies written under a federal government program. The chief operating decision maker uses two measures to evaluate segment performance: revenue and gross profit. Corporate operating expenses, interest and other expenses, and income taxes are not allocated to the segments, nor included in the measure of segment profit or loss. The Company does not analyze discrete segment balance sheet information related to long-term assets.
	Revenue and gross profit of the Company’s segments were as follows:
		THREE MONTHS ENDED						SIX MONTHS ENDED
		JUNE 30,						JUNE 30,
		2014			2013			2014			2013
	Revenue:
	Subscription business	$	25,359		$	18,368		$	48,448		$	35,385
	Other business	2,731			1,474			5,282			2,299
		28,090			19,842			53,730			37,684
	Claims expenses:
	Subscription business	17,819			12,696			33,923			24,440
	Other business	1,158			691			2,089			1,071
		18,977			13,387			36,012			25,511
	Other cost of revenue:
	Subscription business	2,699			2,002			5,198			3,731
	Other business	1,264			624			2,614			1,005
		3,963			2,626			7,812			4,736
	Gross profit:
	Subscription business	4,841			3,670			9,327			7,214
	Other business	309			159			579			223
		5,150			3,829			9,906			7,437
	Sales and marketing	2,810			2,268			5,456			4,840
	Technology and development	2,553			1,152			4,753			2,035
	General and administrative	3,292			2,022			6,078			3,949
	Operating loss	$	(3,505	)	$	(1,613	)	$	(6,381	)	$	(3,387	)
Revenue from External Customers by Geographic Areas [Table Text Block]	'
	The following table presents the Company’s revenue by geographic region of the member:
		THREE MONTHS ENDED						SIX MONTHS ENDED
		JUNE 30,						JUNE 30,
		2014			2013			2014			2013
	United States	$	20,925		$	13,747		$	39,822		$	25,702
	Canada	7,165			6,095			13,908			11,982
	Total revenue	$	28,090		$	19,842		$	53,730		$	37,684

Nature_of_Operations_and_Summa3

Nature of Operations and Summary of Significant Accounting Policies (Details) Narrative (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'	'
Deferred offering costs	$2,562	$54
Uncertain tax position reduction	$53	'

Nature_of_Operations_and_Summa4

Nature of Operations and Summary of Significant Accounting Policies (Details) OCI (USD $)	3 Months Ended			6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'	'	'	'	'	'
Accumulated other comprehensive loss: unrealized loss on available for sale securities	($73)	($133)	'	($73)	'	($168)
Accumulated other comprehensive loss: foreign currency gain	28	55	'	28	'	4
Available-for-sale securities, gross unrealized loss	60	35	'	'	'	'
Unrealized foreign currency gain (loss)	($27)	$51	$98	$24	$2	'

Net_Loss_per_Share_Details_Sch

Net Loss per Share (Details) Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	Jun. 30, 2014	Jun. 30, 2013
Stock options	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Common shares attributable to dilutive effect of stock options	4,959,826	4,408,170
Restricted stock	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Common shares attributable to dilutive effect of restricted stock	706,514	0
Warrants	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Common shares attributable to dilutive effect of warrants	784,111	135,672
Series A convertible preferred stock	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Common shares attributable to dilutive effect of preferred stock	7,553,239	7,466,283
Series B convertible preferred stock	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Common shares attributable to dilutive effect of preferred stock	3,546,384	3,546,384
Series C convertible preferred stock	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Common shares attributable to dilutive effect of preferred stock	3,845,322	3,845,322
Exchangeable shares	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Common shares attributable to dilutive effect of exchangeable shares	2,247,130	2,247,130

Investment_Securities_Details_

Investment Securities (Details) Investment Schedule (USD $)	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Investment [Line Items]	'	'	'
Held-to-maturity securities, amortized cost	$14,072	'	$16,088
Held-to-maturity securities, gross unrealized holding gains	0	'	0
Held-to-maturity securities, gross unrealized holding losses	-1	'	0
Held-to-maturity securities, fair value	14,071	'	16,088
Available-for-sale securities, amortized cost	1,000	'	1,000
Available-for-sale securities, gross unrealized holding losses	0	'	'
Available-for-sale securities, gross unrealized holding losses	-73	-133	-168
Available-for-sale securities, fair value	927	'	832
Municipal bond	'	'	'
Investment [Line Items]	'	'	'
Available-for-sale securities, amortized cost	1,000	'	1,000
Available-for-sale securities, gross unrealized holding losses	0	'	'
Available-for-sale securities, gross unrealized holding losses	-73	'	-168
Available-for-sale securities, fair value	927	'	832
U.S. Treasury securities	'	'	'
Investment [Line Items]	'	'	'
Held-to-maturity securities, amortized cost	5,779	'	5,778
Held-to-maturity securities, gross unrealized holding gains	0	'	0
Held-to-maturity securities, gross unrealized holding losses	-1	'	0
Held-to-maturity securities, fair value	5,778	'	5,778
Certificates of deposit	'	'	'
Investment [Line Items]	'	'	'
Held-to-maturity securities, amortized cost	2,700	'	2,700
Held-to-maturity securities, gross unrealized holding gains	0	'	0
Held-to-maturity securities, gross unrealized holding losses	0	'	0
Held-to-maturity securities, fair value	2,700	'	2,700
US government debt securities	'	'	'
Investment [Line Items]	'	'	'
Held-to-maturity securities, amortized cost	5,593	'	7,610
Held-to-maturity securities, gross unrealized holding gains	0	'	0
Held-to-maturity securities, gross unrealized holding losses	0	'	0
Held-to-maturity securities, fair value	$5,593	'	$7,610

Investment_Securities_Details_1

Investment Securities (Details) Narrative (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Investments, Debt and Equity Securities [Abstract]	'	'
Available-for-sale securities, debt maturities, fair value	$927	$832
Available-for-sale securities, continuous unrealized loss position, fair value	$73	$168

Investment_Securities_Details_2

Investment Securities (Details) Held-to-Maturity (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Investments, Debt and Equity Securities [Abstract]	'	'
Held-to-maturity securities, debt maturities, within one year, net carrying amount	$14,072	'
Held-to-maturity securities, debt maturities, within one year, fair value	14,071	'
Held-to-maturity securities, debt maturities, year two through five, net carrying amount	0	'
Held-to-maturity securities, debt maturities, year two through five, fair value	0	'
Held-to-maturity securities, debt maturities, year six through ten, net carrying amount	0	'
Held-to-maturity securities, debt maturities, year six through ten, fair value	0	'
Held-to-maturity securities, debt maturities, after ten years, net carrying amount	0	'
Held-to-maturity securities, debt maturities, after ten years, fair value	0	'
Held-to-maturity securities, amortized cost	14,072	16,088
Held-to-maturity securities, fair value	$14,071	$16,088

Investment_Securities_Details_3

Investment Securities (Details) Available-for-Sale (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Investments, Debt and Equity Securities [Abstract]	'	'
Available-for-sale securities, debt maturities, next twelve months, amortized cost basis	$0	'
Available-for-sale securities, debt maturities, next twelve months, fair value	0	'
Available-for-sale securities, debt maturities, year two through five, amortized cost basis	0	'
Available-for-sale securities, debt maturities, year two through five, fair value	0	'
Available-for-sale securities, debt maturities, year six through ten, amortized cost basis	1,000	'
Available-for-sale securities, debt maturities, year six through ten, fair value	927	'
Available-for-sale securities, debt maturities, after ten years, amortized cost basis	0	'
Available-for-sale securities, debt maturities, after ten years, fair value	0	'
Available-for-sale securities, amortized cost basis	1,000	1,000
Available-for-sale securities, debt maturities, fair value	$927	$832

Fair_Value_Details_Unobservabl

Fair Value (Details) Unobservable (USD $)	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]	'	'	'	'	'
Restricted cash and cash equivalents	$2,700	$3,000	'	'	'
Marketable securities, noncurrent	927	832	'	'	'
Total	3,627	3,832	'	'	'
Warrant liabilities	4,380	4,900	721	693	551
Total	4,380	4,900	'	'	'
Level 1	'	'	'	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]	'	'	'	'	'
Restricted cash and cash equivalents	2,700	3,000	'	'	'
Marketable securities, noncurrent	0	0	'	'	'
Total	2,700	3,000	'	'	'
Warrant liabilities	0	0	'	'	'
Total	0	0	'	'	'
Level 2	'	'	'	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]	'	'	'	'	'
Restricted cash and cash equivalents	0	0	'	'	'
Marketable securities, noncurrent	927	832	'	'	'
Total	927	832	'	'	'
Warrant liabilities	0	0	'	'	'
Total	0	0	'	'	'
Level 3	'	'	'	'	'
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]	'	'	'	'	'
Restricted cash and cash equivalents	0	0	'	'	'
Marketable securities, noncurrent	0	0	'	'	'
Total	0	0	'	'	'
Warrant liabilities	4,380	4,900	'	'	'
Total	$4,380	$4,900	'	'	'

Fair_Value_Details_Narrative

Fair Value (Details) Narrative (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Fair Value Disclosures [Abstract]	'	'
Fair value, term loan 1	$3,000	$3,000
Term loan 2	12,000	12,000
Fair value, term loan 2	$12,078	$12,000

Fair_Value_Details_Rollforward

Fair Value (Details) Rollforward of Level 3 (USD $)	3 Months Ended				6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2013	Mar. 31, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Fair Value Disclosures [Abstract]	'	'	'	'	'	'	'	'
Warrant liabilities	$4,380	'	$721	$693	$4,380	$721	$4,900	$551
Stock and warrants issued during period (in shares)	'	0	'	44	'	'	'	'
Settlement of warrant liability awards	-999	'	0	'	999	0	'	'
Fair Value Adjustment of Warrants	($740)	$1,219	$28	$98	$480	$126	'	'

Fair_Value_Details_Parenthetic

Fair Value (Details) Parenthetical (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'	'	'	'	'
Fair value assumptions, expected volatility rate, minimum (percentage)	39.00%	40.00%	34.00%	40.00%	'
Fair value assumptions, expected volatility rate, maximum (percentage)	46.00%	42.00%	46.00%	46.00%	'
Fair value assumptions, expected dividend rate (percentage)	0.00%	0.00%	0.00%	0.00%	'
Fair value assumptions, risk-free interest rate, minimum (percentage)	1.25%	0.15%	0.03%	0.14%	'
Fair value assumptions, risk-free interest rate, maximum (percentage)	1.62%	1.96%	1.73%	1.96%	'
Fair value input minimum term	'3 years 6 months 11 days	'9 months 11 days	'1 month 11 days	'9 months 11 days	'
Fair value input, maximum term	'5 years 9 months 11 days	'6 years 9 months 11 days	'6 months 11 days	'7 months 11 days	'
Fair value, term loan 1	$3,000	'	$3,000	'	$3,000
Fair value, term loan 2	12,078	'	12,078	'	12,000
Carrying value, term loan 1	3,000	'	3,000	'	3,000
Carrying value, term loan 2	$12,000	'	$12,000	'	$12,000

Debt_Details_Schedule_of_Debt

Debt (Details) Schedule of Debt (USD $)	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified			Line of credit	Term loan	Term loan
Debt Instrument [Line Items]	'	'	'	'	'
Principal	$29,600	'	$14,900	$2,700	$12,000
Discount	3,403	3,801	0	0	3,403
Balance	$26,197	'	$14,900	$2,700	$8,597
Maturity	'	'	23-Jul-15	28-Sep-16	23-Dec-16

Debt_Details_Narrative

Debt (Details) Narrative (USD $)	3 Months Ended	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Debt Disclosure [Abstract]	'	'	'
Line of credit facility, interest rate description	'	'greater of 5.0% or 1.5% plus the prime rate	'
Term loan 2	$12,000	$12,000	$12,000
Term loan, interest rate description	'	'greater of 5.5% or 2.0% plus the prime rate	'
Repayments of debt	300	'	'
Line of credit facility, maximum borrowing capacity	'	'	15,000
Discount	3,403	3,403	3,801
Debt instrument, interest rate, stated percentage (interest rate)	'	'	0.00%
Compensating balance, amount	$500	$500	'

Commitment_and_Contingencies_D

Commitment and Contingencies (Details) Narrative (USD $)	Jun. 30, 2014
In Thousands, unless otherwise specified
Commitments and Contingencies Disclosure [Abstract]	'
GST/HST tax accrual	$983
Loss contingency accrual	$100

Stockbased_Compensation_Detail

Stock-based Compensation (Details) Options Granted, Exercised and Forfeited (USD $)	6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Stock-based Compensation	'	'
Stock-based compensation, options, forfeited, weighted-average exercise price	$5.66	'
Stock-based compensation, options, outstanding, number of shares	4,959,826	4,663,445
Stock-based compensation, options, outstanding, weighted-average exercise price	$2.72	$2.12
Stock-based compensation, options, outstanding, aggregate intrinsic value	$33,151	$30,406
Stock-based compensation, options, granted, number of options	376,100	'
Stock-based compensation, options, granted, weighted-average exercise price	$10.51	'
Stock-based compensation, options, exercised, weighted-average exercise price	$2.31	'
Stock-based compensation, options, exercised	-19,937	'
Stock-based compensation, options, exercised, aggregate intrinsic value	$141	'
Stock-based compensation, options, forfeited	-59,782	'

Stockbased_Compensation_Detail1

Stock-based Compensation (Details) Vested and Expected to Vest (USD $)	6 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'	'
Number of options	3,328,493	2,719,609
Weighted-average fair value	$1.37	$1.32
Weighted-average exercise price	$1.49	$1.38
Weighted-average remaining contractual term (in years)	'6 years 1 month 28 days	'6 years 0 months 11 days
Aggregate intrinsic value	$26,326	$19,908

Stockbased_Compensation_Detail2

Stock-based Compensation (Details) Percentage (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Stock-based Compensation	'	'	'	'
Share-based compensation arrangement by share-based payment award, compensation cost	$626	$485	$1,193	$886
Claims expense	'	'	'	'
Stock-based Compensation	'	'	'	'
Share-based compensation arrangement by share-based payment award, compensation cost	51	39	108	71
Other cost of revenue	'	'	'	'
Stock-based Compensation	'	'	'	'
Share-based compensation arrangement by share-based payment award, compensation cost	13	9	37	17
Sales and marketing	'	'	'	'
Stock-based Compensation	'	'	'	'
Share-based compensation arrangement by share-based payment award, compensation cost	144	202	293	345
Technology and development	'	'	'	'
Stock-based Compensation	'	'	'	'
Share-based compensation arrangement by share-based payment award, compensation cost	98	94	196	165
General and administrative	'	'	'	'
Stock-based Compensation	'	'	'	'
Share-based compensation arrangement by share-based payment award, compensation cost	$320	$141	$559	$288

Stockbased_Compensation_Detail3

Stock-based Compensation (Details) Narrative (USD $)	6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Employee service share-based compensation, nonvested awards, compensation cost not yet recognized	$8,850
Remaining contractual life, share-based payments, weighted average	'7 years 0 months 5 days
Share-based compensation arrangement , non-employee, weighted average remaining vesting period	'1 year 8 months 6 days
Share-based compensation arrangement by share-based payment award, options, nonvested, number of shares	1,631,333
Restricted stock, expected to vest	706,514

Segments_Details_Business_Segm

Segments (Details) Business Segment (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Segment Reporting Information [Line Items]	'	'	'	'
Revenue	$28,090	$19,842	$53,730	$37,684
Claims expenses	18,977	13,387	36,012	25,511
Other cost of revenue	3,963	2,626	7,812	4,736
Gross profit	5,150	3,829	9,906	7,437
Sales and marketing	2,810	2,268	5,456	4,840
Technology and development	2,553	1,152	4,753	2,035
General and administrative	3,292	2,022	6,078	3,949
Operating loss	-3,505	-1,613	-6,381	-3,387
Subscription business	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenue	25,359	18,368	48,448	35,385
Claims expenses	17,819	12,696	33,923	24,440
Other cost of revenue	2,699	2,002	5,198	3,731
Gross profit	4,841	3,670	9,327	7,214
Other business	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenue	2,731	1,474	5,282	2,299
Claims expenses	1,158	691	2,089	1,071
Other cost of revenue	1,264	624	2,614	1,005
Gross profit	$309	$159	$579	$223

Segments_Details_Revenue_by_Ge

Segments (Details) Revenue by Geography (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Segment Reporting Information [Line Items]	'	'	'	'
Revenues	$28,090	$19,842	$53,730	$37,684
CANADA	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenues	7,165	6,095	13,908	11,982
UNITED STATES	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenues	$20,925	$13,747	$39,822	$25,702

Subsequent_Events_Details_Narr

Subsequent Events (Details) Narrative (USD $)	6 Months Ended			0 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Jul. 23, 2014	Jul. 23, 2014	Jul. 16, 2014	Jul. 11, 2014	Jul. 02, 2014
				Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]
Subsequent Event [Line Items]	'	'	'	'	'	'	'	'
Term loan 2	$12,000,000	'	$12,000,000	'	'	'	'	$12,000,000
Additional Term Loan Assumed Subsequent to Quarter End	'	'	'	'	'	'	'	17,000,000
Warrants Issued (in shares)	'	'	'	'	'	'	'	415,646
Debt instrument, interest rate, stated percentage (interest rate)	'	'	0.00%	'	'	'	'	0.00%
Prepayment Penalty Rate on Term Loan (interest rate)	'	'	'	'	'	'	'	1.50%
Prepayment Penalty on Term Loan	'	'	'	'	255,000	'	'	'
Investment Warrants, Exercise Price	'	'	'	'	$10	'	'	$12.27
Term loan 1	'	'	'	'	'	'	3,000,000	'
Stock Repurchase Program, Authorized Amount	'	'	'	'	'	2,000,000	'	'
Common Stock, Shares Authorized	'	'	'	'	200,000,000	'	'	'
Preferred Stock, Shares Authorized	'	'	'	'	10,000,000	'	'	'
Per Share Offer Price in Initial Public Offering (per share)	'	'	'	'	$10	'	'	'
Shares Offered in Initial Public Offering (in shares)	'	'	'	'	8,193,750	'	'	'
Proceeds from Issuance Initial Public Offering	'	'	'	72,873,000	'	'	'	'
Conversion of Stock, Shares Issued (in shares)	'	'	'	'	14,944,945	'	'	'
Exchangeable Shares Converted into Common Shares (in shares)	'	'	'	'	2,247,130	'	'	'
Class of Warrant or Right, Outstanding (in shares)	'	'	'	'	870,000	'	'	'
Long-term Debt, Gross	29,600,000	'	'	'	29,000,000	'	'	'
Subordinated Debt	'	'	'	'	'	'	'	29,000,000
Interest paid	$457,000	$295,000	'	$895,000	'	'	'	'