Digiliti Money (DGLT) S-1/A 27 Aug 15 IPO registration (amended) Financial data

Document and Entity information

Document and Entity information	6 Months Ended
	Jun. 30, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	CACHET FINANCIAL SOLUTIONS, INC.
Entity Central Index Key	1,487,906
Amendment Flag	true
Document Type	S-1/A
Pre-Effective Amendment Number	1
Amendment Description	The files have been amended to account for the updated financial statements and footnotes included in the S-1 registration statement.
Document Period End Date	Jun. 30, 2015
Entity Filer Category	Smaller Reporting Company

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Dec. 31, 2014	Dec. 31, 2013
CURRENT ASSETS
Cash and cash equivalents	$ 112,221	$ 150,555
Accounts receivable, net	314,743	329,557
Deferred commissions	80,348	62,732
Prepaid expenses	402,040	487,659
TOTAL CURRENT ASSETS	909,352	1,030,503
PROPERTY AND EQUIPMENT, net	295,925	353,420
GOODWILL	204,000
INTANGIBLE ASSETS, NET	1,437,001
DEFERRED COMMISSIONS	103,312	101,468
DEFERRED FINANCING COSTS	61,153	107,936
TOTAL ASSETS	3,010,743	1,593,327
CURRENT LIABILITIES
Accounts payable	746,554	937,200
Accrued expenses	201,768	153,113
Accrued interest	182,184	1,953,502
Deferred revenue	747,113	510,319
Warrant liability	163,570
Current portion of long-term debt	2,070,217	3,170,672
TOTAL CURRENT LIABILITIES	4,111,406	6,724,806
LONG TERM DEBT, net of current portion	2,566,486	3,933,253
WARRANT LIABILITY	146,000	309,000
DEFERRED REVENUE	412,219	401,758
ACCRUED INTEREST	160,593	95,270
ACCRUED RENT	25,333	61,482
TOTAL LIABILITIES	7,422,037	11,525,569
SHAREHOLDERS' DEFICIT
Convertible preferred stock, $.0001 Par Value, 20,000,000 shares authorized, 2,229,702 and 0 shares issued and outstanding	223
Common shares, $.0001 Par Value, 500,000,000 shares authorized, 16,934,497 and 5,625,957 issued and outstanding	1,694	563
Additional paid-in-capital	47,307,314	26,668,258
Accumulated deficit	(51,720,525)	(36,601,063)
TOTAL SHAREHOLDERS' DEFICIT	(4,411,294)	(9,932,242)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	$ 3,010,743	$ 1,593,327

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014	Mar. 18, 2014	Mar. 17, 2014	Dec. 31, 2013
Balance Sheets [Abstract]
Convertible preferred stock, par value	$ 0.0001	$ 0.0001			$ 0.0001
Convertible preferred stock, shares authorized	20,000,000	20,000,000	20,000,000	2,500,000	20,000,000
Convertible preferred stock, shares issued	44,030	2,229,702			0
Convertible preferred stock, shares outstanding	44,030	2,229,702			0
Common stock, par value	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.01	$ 0.0001
Common stock, shares authorized	500,000,000	500,000,000	500,000,000	22,500,000	500,000,000
Common Stock, shares, Issued	30,300,179	16,934,497			5,625,957
Common stock, shares outstanding	30,300,179	16,934,497			5,625,957

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (unaudited) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Statements of Operations [Abstract]
REVENUE	$ 1,001,251	$ 608,917	$ 2,006,690	$ 1,085,399	$ 2,648,108	$ 1,179,603
COST OF REVENUE	975,284	716,765	1,868,193	1,335,294	2,747,343	2,462,087
GROSS LOSS	25,967	(107,848)	138,497	(249,895)	(99,235)	(1,282,484)
OPERATING EXPENSES
Sales and Marketing	800,446	657,927	1,755,799	1,192,148	2,854,959	2,208,689
Research and Development	761,258	658,734	1,646,229	1,010,806	2,663,633	982,917
General and Administrative	925,390	1,138,038	1,999,428	2,156,228	3,998,086	3,566,044
TOTAL OPERATING EXPENSES	2,487,094	2,454,699	5,401,456	4,359,182	9,516,678	6,757,650
OPERATING LOSS	(2,461,127)	(2,562,547)	(5,262,959)	(4,609,077)	(9,615,913)	(8,040,134)
INTEREST EXPENSE	(2,721,496)	(1,731,755)	(3,069,776)	(2,496,701)	(5,704,533)	(2,804,594)
INDUCEMENT TO CONVERT DEBT AND WARRANTS				7,906	424,335	1,355,603
SHARE PRICE / CONVERSION ADJUSTMENT	3,704,683		3,704,683			1,710,475
OTHER (INCOME) EXPENSE		(47,500)	14,375	5,001	(34,999)	54,213
NET LOSS	(8,887,306)	(4,246,802)	(12,051,793)	(7,118,685)	(15,709,782)	(13,965,019)
LESS: CUMMULATIVE UNPAID PREFERRED DIVIDENDS	(33,778)		(33,778)		(48,409)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ (8,921,084)	$ (4,246,802)	$ (12,085,571)	$ (7,118,685)	$ (15,758,191)	$ (13,965,019)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING Basic and fully diluted	24,464,979	6,536,602	21,627,532	6,328,419	11,337,482	3,897,081
Net loss per common share - basic and fully diluted	$ (0.36)	$ (0.65)	$ (0.56)	$ (1.12)	$ (1.39)	$ (3.58)

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
OPERATING ACTIVITIES
Net loss	$ (15,709,782)	$ (13,965,019)
Adjustments to reconcile net loss to net cash used in operating activities:
Accretion of discount/amortization of financing costs	2,814,213	1,199,874
Accrued debt related costs	1,890,625
Debt forgiveness	(40,000)
Depreciation and amortization of intangibles	694,495	366,718
Stock compensation	316,176	700,715
Warrants issued for professional services	23,735
Amortization of deferred commissions	100,404	89,281
Debt/warrant inducement and share price adjustment	424,334	3,066,078
Net income (loss) after adjustments for non-cash operating activities	(9,485,800)	(8,542,353)
Changes in operating assets and liabilities:
Accounts receivable	14,814	(169,731)
Deferred commissions	(119,865)	(199,538)
Prepaid expenses	85,619	77,741
Accounts payable	(270,801)	150,889
Accrued expenses	12,507	54,677
Accrued interest	(608,529)	1,508,880
Deferred revenue	247,255	687,140
Net cash used in operating activities	(10,124,800)	(6,432,295)
INVESTING ACTIVITIES
Purchase of fixed assets	(72,845)	(80,379)
Cash paid for acquisition	(2,125,000)
Net cash used in investing activities	(2,197,845)	(80,379)
FINANCING ACTIVITIES
Proceeds from issuance of notes and warrants	8,261,340	6,703,499
Repayment of notes	(4,622,500)	(1,000,000)
Issuance of shares, net of costs	5,579,208	1,197,550
Issuance of shares of convertible preferred stock, net of costs	3,039,501
Proceeds from exercise of options		24,000
Payment of debt issuance costs	(88,098)	(253,252)
Repayment of bank borrowing	(92,838)	(91,537)
Proceeds from bank borrowing	207,698
Net cash provided by financing activities	12,284,311	6,580,260
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(38,334)	67,586
CASH AND CASH EQUIVALENTS
Beginning of period	150,555	82,969
End of period	112,221	150,555
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	1,594,700	142,968
NONCASH FINANCING TRANSACTIONS
Conversion of debt into equity	7,288,025	11,063,816
Debt issuance costs in exchange for notes and warrants	80,156
Conversion of accrued interest to note payable	$ 150,660	$ 43,332

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Shareholders' Deficit (unaudited) - USD ($)	Total	Convertible Preferred Stock	Common Stock	Additional Paid In Capital	Accumulated Deficit
Beginning Balance at Dec. 31, 2012	$ (12,485,008)		$ 15,250	$ 10,135,786	$ (22,636,044)
Beginning Balance (shares) at Dec. 31, 2012			1,524,991
Issuance of common stock, net of costs	1,197,550		$ 3,190	1,194,360
Issuance of common stock, net of costs (in shares)			319,000
Exercise of stock options	$ 24,000		$ 300	23,700
Exercise of stock options (in shares)	30,000		30,000
Conversion of debt and interest into shares	$ 11,063,817		$ 27,660	11,036,157
Conversion of debt and interest into shares (in shares)			2,765,953
Inducement to convert debt	674,414		$ 1,686	672,728
Inducement to convert debt (in shares)			168,604
Inducement to convert warrants	681,189		$ 3,898	677,291
Inducement to convert warrants (in shares)			389,790
Share price/ conversion adjustment	1,710,475		$ 4,276	1,706,199
Share price/ conversion adjustment (in shares)			427,619
Issuance of warrants	465,625			465,625
Stock compensation expense	700,715			700,715
Net loss	(13,965,019)				(13,965,019)
Ending Balance at Dec. 31, 2013	(9,932,242)		$ 56,260	26,612,561	(36,601,063)
Ending Balance (in shares) at Dec. 31, 2013			5,625,957
Issuance of common stock, net of costs	5,579,208		$ 454	5,578,754
Issuance of common stock, net of costs (in shares)			4,542,782
Conversion of debt and interest into shares	7,288,026		$ 539	7,287,487
Conversion of debt and interest into shares (in shares)			5,386,036
Common stock issued for debt issuance - Related Party	890,625		$ 38	890,587
Common stock issued for debt issuance - Related Party (in shares)			382,809
Issuance of common stock related to debt modifications	1,000,000		$ 67	999,933
Issuance of common stock related to debt modifications (in shares)			666,667
Issuance of convertible preferred stock, net of costs	3,039,501	$ 223		3,039,278
Issuance of convertible preferred stock, net of costs (in shares)		2,229,702
Warrant exchange	7,906			7,906
Warrant exchange (in shares)			3,938
Warrants issued as inducement for debt conversion to equity	416,429			416,429
Issuance of warrants for professional services	23,735			23,735
DE Acquisition 2, Inc. reverse merger	(88,144)		$ (55,648)	(32,496)
DE Acquisition 2, Inc. reverse merger (in shares)			488,970
Beneficial conversion feature for convertible notes payable	2,757,268			2,757,268
Stock compensation expense	316,176			316,176
Stock exchange			$ (16)	(590,304)	590,320
Stock exchange (in shares)			(162,662)
Net loss	(15,709,782)				(15,709,782)
Ending Balance at Dec. 31, 2014	(4,411,294)	$ 223	$ 1,694	47,307,314	(51,720,525)
Ending Balance (in shares) at Dec. 31, 2014		2,229,702	16,934,497
Share price/ conversion adjustment	3,704,682		$ 823	3,703,859
Share price/ conversion adjustment (in shares)			8,232,628
Common stock issued for debt issuance - Related Party (in shares)			332,028
Issuance of convertible preferred stock, net of costs	4,903,663	$ 190		5,353,473
Issuance of convertible preferred stock, net of costs (in shares)		1,896,510
Issuance of warrants for professional services	18,612			18,612
Stock compensation expense	154,308			154,308
Net loss	(12,051,793)				(12,051,793)
Ending Balance at Jun. 30, 2015	$ (6,341,121)	$ 4	$ 3,030	$ 57,964,143	$ (63,858,298)
Ending Balance (in shares) at Jun. 30, 2015		44,030	30,300,179

Statements of Shareholders' Def

Statements of Shareholders' Deficit (Parenthetical)	12 Months Ended
	Dec. 31, 2013USD ($)
Statement Of Stockholders Equity [Abstract]
Related costs	$ 78,450

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Nature of Operations and Summary of Significant Accounting Policies
Nature of Operations and Summary of Significant Accounting Policies	1. Nature of Operations and Summary of Significant Accounting Policies Nature of Business and Operations Overview Cachet Financial Solutions, Inc. (the “Company” or “Cachet”) is a provider of technology solutions and services to the financial services industry. The Company’s solutions and services enable its clients—banks, credit unions and other types of financial institutions or financial service organizations—to provide their customers with remote deposit capture technology (“RDC”) and related services. The Company’s cloud based Software as a Service (“SaaS”) RDC solutions allow customers to scan checks remotely through their smart phones or other devices and transmit the scanned, industry compliant images to a bank for posting and clearing. In addition, the Company’s offerings include a mobile wallet solution which provides a virtual account for customers that do not have a bank account and is focused on the pre-paid card market. Through the Company’s cloud based SaaS mobile wallet offering we provide consumers the ability to deposit and withdraw funds, transfer funds, and pay bills with their mobile phone or tablet. As of June 30, 2015 , we had entered into 437 contracts with customers for our products and services. Approximately 312 of those agreements were “active,” meaning that customers have implemented the RDC software enabling the processing of customer transactions or deployed the mobile wallet application. The Company offers its services to financial institutions in the United States, Canada and Latin America. Our business operations are conducted through our wholly owned subsidiary, Cachet Financial Solutions Inc., a Minnesota corporation. Basis of Presentation The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiary Cachet Financial Solutions Inc. as of June 30, 2015 and December 31, 2014 and for the three and six months ended June 30, 2015. The subsidiary does not have any operational activity and therefore no intercompany transactions exist with the subsidiary which would need to be eliminated. The Company has prepared the condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States of America. The condensed consolidated financial statements included herein, without audit, are pursuant to the rules and regulations of the United States (“U.S.”) Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. However, the Company believes that the disclosures are adequate to ensure the information presented is not misleading. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. The Company believes that all necessary adjustments, which consist only of normal recurring items, have been included in the accompanying condensed consolidated financial statements to present fairly the results of the interim periods. The results of operations for the interim periods presented are not necessarily indicative of the operating results to be expected for any subsequent interim period or for the year ending December 31, 2015. The accompanying consolidated financial statements have been prepared on the basis that the Company will continue as a going concern. From inception to June 30, 2015, the Company has cumulative operating losses of approximately $63. 9 million, and as of June 30, 2015, our current liabilities exceeded our current assets by approximately $2.5 million. In 2015, we expect to continue to grow our client base and increase our revenues through higher RDC transaction volumes and monthly active user fees (“MAUs”) from our Select Mobile Money offering. Nevertheless, the Company expects to continue to incur operating losses through December 31, 2015. The Company engaged an investment firm to assist in raising additional capital through the issuance of debt and equity. The Company’s ability to continue as a going concern is dependent on raising additional capital to support operations and refinance maturing debt. In addition, the Company has a note payable due December 31, 2015, with a principal and accrued interest balance as of June 30, 2015 of approximately $500,000, and has an outstanding balance including accrued interest of approximately $1.1 million on a line of credit with one of its directors , Michael J. Hanson . In May 2015, t he Company enter ed into an amendment of the note under which approximately $500,000 was owed as of June 30, 2015 to extend the maturity date of the note from April 30, 2015 to December 31, 2015. Under the amended note, the Company is required to make monthly payments of $50,000 beginning May 31, 2015 and continuing to December 31, 2015, at which time any remaining principal and unpaid accrued interest become due. The Company also owes Mr. Hanson approximately $381,000 of principal and interest as of June 30, 2015 under the financing commitment letter due January 31, 2016. The line of credit was payable upon the earlier of the Company completing financings with gross proceeds of $10 million or July 31, 2015. In July 2015, the Company amended the terms of the line of credit to extend the maturity date to January 31, 201 6 while all other terms remained the same. There is no assurance we will be successful in raising the needed capital to fund our operations to December 31, 2015. The consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties. On July 30, 2014, the Company entered into a financing commitment letter with two directors to lend the Company up to $2.5 million through December 31, 2014, bearing interest at 10% , and due January 31, 2015, which due date was later extended to January 31, 2016. If any portion of the notes issued under the commitment letter is outstanding beyond January 31, 2016, the default interest rate will be adjusted to 18% . During the six months ended June 30, 2015, the Company had additional advances totaling $350,000 . As part of a PIPE transaction completed in February 2015, M r . Hanson, converted $250,000 of the balance owed under the commitment letter into 217,391 shares of Series B Convertible Preferred Stock and was issued a five -year warrant to purchase an aggregate of 217,391 shares of common stock at a per-share price of $1.15 (since adjusted to $0.4816 per share) . In addition, M r. Hanson converted; $102,000 of the principal balance owed under the commitment letter into 1,020 shares of Series C Convertible Preferred Stock and was issued a five -year warrant to purchase an aggregate of 232,983 shares of common stock at a per-share price of $0.4816 as part of a PIPE transaction completed in June 2015 . As of June 30, 2015, the Company had an outstanding obligation under the commitment letter, including accrued interest , totaling approximately $381,000 . As part of the amendment, the directors did not renew the remaining amount available under the original terms of the commitment letter. During the six months ended June 30, 2015, the Company issued (i) 9,000 shares of Series A Convertible Preferred Stock at $1.50 per share and issued five -year warrants to purchase an aggregate of 9,000 shares of its common stock at a per-share price of $2.00 (since adjusted to $0.4816 per share) and (ii) 2,065,891 shares of Series B Convertible Preferred Stock at $1.15 per share and issued five -year warrants to purchase an aggregate of 2,065,891 shares of its common stock at a per-share price of $1.15 ( since adjusted to $0.4816 per share) . Net proceeds to the Company after offering costs were approximately $2.2 million, including the cancellation of $250,000 in debt held by M r. Hanson. None of the investors in this offering were deemed affiliates of the Company, except for Mr. Hanson. In June 2015, the Company issued an aggregate of 44,030 shares of Series C Convertible Preferred Stock at $100.00 per share and issued five -year warrants to purchase an aggregate of 10,057,119 shares of its common stock at a per-share price of $0.4816 in a private placement. Total (cash and non-cash) gross proceeds to the Company were $4,403,000 . Gross proceeds to the Company in the form of cash were $2,951,000 . Gross proceeds to the Company in the form of promissory notes payable within 150 days were $950,000 . These promissory notes were provided by James L. Davis and M r. Hanson, both of whom are directors of the Company. The Company also issued 2,000 and 3,020 shares of the Series C Preferred to Messrs. Davis and Hanson, respectively, in exchange for the cancellation of Company debt in the amount of $200,000 and $302,000 held by them (inclusive of the $102,000 mentioned above) . The Series C Preferred Stock entitles its holders to a 10% per annum dividend, payable quarterly in cash or in additional shares of Series C Preferred Stock (or a combination of both) as determined by the Company, and may be converted to Cachet common stock at the option of a holder at an initial conversion price of $0.4378 per share. The Series C Preferred Stock will automatically convert into common stock upon the occurrence of any of the following: (a) an underwritten public offering of shares of the Company’s common stock providing at least $10 million in gross proceeds, (b) the Company’s common stock closing price being greater than 100% above the conversion price then in effect for at least 40 of 60 consecutive trading days, (c) four years after the closing of the offering of the Series C Preferred Stock , or (d) the written consent of holders representing 50% of the issued and outstanding Series C Preferred Stock . The holders of the Series C Preferred Stock will be entitled to vote their shares on an as-converted basis and will be entitled to a liquidation preference equal to the stated value (i.e., purchase price) of their shares plus any accrued but unpaid dividends thereon. In connection with the Series C offering, the Company paid its placement agents, Scarsdale Equities LLC and ROTH Capital Partners commissions of $220,150 and $105,836 , respectively, and issued to them five -year warrants for the purchase of up to 703,997 and 241,746 shares of common stock, respectively, at $.4816 and $0.5254 per share, respectively. Also in connection with the offer and sale of the Series C Preferred Stock , the Company issued additional shares of the Company’s common stock totaling 8,232,628 to former holders of the Company’s series A and B preferred stock (all of which has been converted to common stock), such that following the issuance of such shares, such holders will have received the same number of shares of the Company’s common stock in total as they would have received upon conversion of the series A and B preferred stock if the conversion price for the series A and B preferred stock had been the same as the initial conversion price under the Serie s C Preferred Stock. The Company has grant ed the recipients of these shares the same registration rights as are provided to Series C Preferred holders. The Company also agreed to amend the warrants to purchase the Company’s common stock held by former holders of the Company’s series A and B preferred stock to contain the same anti-dilution protections that are contained in the warrants issued in connection with the Series C Preferred offering . In addition, the exercise price of the warrants issued to the former series A and B preferred stock holders was reduced from $1.15 to $0.4816 . In addition, the Company agreed to amend the warrants issued to Scarsdale Equities LLC in connection with the Series B offering to reduce the exercise price from $1.15 to $0.4816 . Finally, the Company approved the amendment of a warrant to purchase common stock issued to Mr. Davis on February 3, 2015, to provide for the same modifications made to the warrants held by former holders of the Company’s series A and B preferred stock. As of August 1 2 , 2015, the Company had received $500,000 from its Directors as part of the $950,000 of note receivables related to the Series C Convertible Preferred Stock offering. Absent of receiving additional advancements against the balance owed under the note receivables prior to the maturity date, we will require additional funds to continue our operations beyond August 2015. There can be no assurance the Company will be able to obtain new financing or additional financing from its directors. The financial statements do not include any adjustments that might result from the outcome of these uncertainties. Summary of Significant Accounting Policies A summary of the significant accounting policies applied in the preparation of the accompanying financial statements is as follows: Revenue Recognition The Company generates revenue from the following sources: (1) subscription and support fees (2) transaction volume fees, (3) active monthly user fees for mobile wallet offering (4) fees related to the implementation of RDC and mobile wallet software for clients, and (5) professional services such as client specific software customization and other products and services. The Company’s arrangements do not contain general rights of return. The Company’s subscription arrangements do not provide customers with the right to take possession of the SaaS technology platform and, as a result, are accounted for as service arrangements. The Company records revenue net of any sales or excise taxes. The Company commences revenue recognition for its SaaS technology platform and professional services when all of the following criteria are met: there is persuasive evidence of an arrangement; the service has been or is being provided to the customer; collection of the fees is reasonably assured; and the amount of fees to be paid by the customer is fixed or determinable. Subscription and Support Revenue Subscription and support revenue is primarily derived from customers accessing the SaaS technology platform and includes subscription, support, transaction volume fees and active user fees for mobile wallet offering. Subscription and support revenue is recognized ratably over the contracted term of each respective subscription agreement, commencing on the date the service is provisioned to the customer, provided the four revenue recognition criteria have been satisfied. Transaction volume fees are recognized as transactions are processed and monthly services performed and active user fees for mobile wallet offering revenue is recognized on a monthly basis as earned provided the four revenue recognition criteria have been satisfied. Professional Services and Other Revenue Professional services include implementation services, development of interfaces requested by customers, assistance with integration of the Company’s services with the customers’ applications, dedicated support, and advisory services to customers who choose to develop their own interfaces and applications. Professional services are typically performed within three to six months of entering into an arrangement with the customer. Professional services are typically sold on a fixed-fee basis, but are offered on a time-and-material basis as well. Revenue for time-and-material arrangements is recognized as the services are performed. Revenue for fixed-fee arrangements is recognized under the proportional performance method of accounting as the Company has developed a history of accurately estimating activity. The Company uses labor hours incurred to the end of each reporting period compared to the total estimated labor hours as an input based measure of performance under customer arrangements. The Company believes labor hours incurred is materially representative of the value delivered to the customer at any point in time during the performance of the service. Professional services are not considered essential to the functionality of the SaaS offering. Implementation Fees The implementation fees are recognized over the term of the contract or expected life of the contract where no contractual term exists. Generally, client agreements are entered into for 12 to 36 months. A majority of the implementation service component of the arrangement with customers is performed within 120 days of entering into a contract with the customer. Multiple Element Arrangements The Company enters into multiple element arrangements in which a customer may purchase a subscription and professional services. For arrangements with multiple deliverables, the Company evaluates whether the individual deliverables qualify as separate units of accounting. In order to treat deliverables in a multiple element arrangement as separate units of accounting, the deliverables must have standalone value upon delivery. If the deliverables have standalone value upon delivery, the Company accounts for each deliverable separately and revenue is recognized for the respective deliverables as they are delivered. If one or more of the deliverables does not have standalone value upon delivery, the deliverables that do not have standalone value are combined with the final deliverable within the arrangement and treated as a single unit of accounting. Subscription and support contracts have standalone value as the Company sells subscriptions and support separately. In determining whether professional services can be accounted for separately from subscription and support services, the Company considers the availability of the professional services from other vendors, the nature of its professional services and whether the Company sells its applications to new customers without professional services. Based on these considerations the Company assessed that its professional services have standalone value. The Company determines the selling price for each element based on the selling price hierarchy of: (i) vendor-specific objective evidence (“VSOE”) of fair value, (ii) third-party evidence (“TPE”), and (iii) estimated selling price (“ESP”). The Company is unable to establish VSOE for any of its services, as the Company has not historically priced its services with sufficient consistency. The Company is also unable to establish TPE, as the Company does not have sufficient information regarding pricing of third-party subscription and professional services similar to its offerings. As a result, the Company has developed estimates of selling prices based on margins established by senior management as the targets in the Company’s selling and pricing strategies after considering the nature of the services, the economic and competitive environment, and the nature and magnitude of the costs incurred. The amount of arrangement fee allocated is limited by contingent revenue, if any. Deferred Revenue Deferred revenue consists of billings and payments received in advance of revenue recognition from the Company’s subscription and support offerings as described above and is recognized as the revenue recognition criteria are met. For subscription agreements, the Company typically invoices its customers in monthly or annual fixed installments. Accordingly, the deferred revenue balance does not represent the total contract value of these multi-year subscription agreements. Deferred revenue also includes certain deferred professional services fees, which are recognized in accordance with the Company’s revenue recognition policy. The portion of deferred revenue the Company expects to recognize during the succeeding 12-month period is recorded as current deferred revenue, and the remaining portion is recorded as noncurrent. Cost of Revenue Cost of revenue primarily consists of costs related to hosting the Company’s cloud-based application, providing customer support, data communications expense, salaries and benefits of operations and support personnel, software development fees, software license fees, amortization expense associated with acquired developed technology assets, and property and equipment depreciation. Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash and cash equivalents are maintained at one financial institution and, at times, balances may exceed federally insured limits. The Company has never experienced any losses related to these balances and does not believe it is exposed to any significant credit risk on cash and cash equivalents. Accounts Receivable Accounts receivable represent amounts due from customers. Management determines the allowance for doubtful accounts by regularly evaluating individual customer receivables and considering a customer’s financial condition, credit history and current economic conditions. Accounts receivable are written off when deemed uncollectible. Recoveries of accounts receivable previously written off are recorded when received. The allowance for doubtful accounts was approximately $15,000 and $25,000 as of June 30, 2015 and December 31, 2014 , respectively. Concentrations of credit risk with respect to accounts receivable are limited because a large number of geographically diverse customers make up the Company’s customer base, thus spreading the credit risk. Property and Equipment Depreciation and amortization is computed using the straight-line method over the following estimated useful lives: Computer and Data Center Equipment 3 years Purchased and Acquired software 3 years Leasehold Improvements 3 - 5 years, or lease term if less Furniture and fixtures 7 years Major additions and improvements are capitalized, while replacements, maintenance and repairs, which do not improve or extend the life of the respective assets, are expensed as incurred. When assets are retired or otherwise disposed of, related costs and accumulated depreciation and amortization are removed and any gain or loss is reported. Goodwill Goodwill represents the excess purchase price over the appraised value of the portion of identifiable assets that were acquired from the DeviceFidelity Inc. acquisition completed in March 2014. Goodwill is not amortized but is reviewed at least annually for impairment, or between annual dates if circumstances change that would more likely than not cause impairment. Management performs its annual impairment test at the close of each fiscal year, and considers several factors in evaluating goodwill for impairment, including the Company’s current financial position and results, general economic and industry conditions and legal and regulatory conditions. Impairment of Long-lived Assets, Including License Agreements The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Deferred Financing Costs Deferred financing costs are capitalized and amortized over the lives of the related debt agreements. The costs are amortized to interest expense using the effective interest method. In the event debt is converted or paid prior to maturity, any unamortized issuance costs are charged to expense. Deferred Commissions The Company capitalizes commission costs that are incremental and directly related to the acquisition of customer contracts. Commission costs are capitalized and amortized over the term of the related customer contract. Net Loss Per Common Share Basic and diluted net loss per common share for all periods presented is computed by dividing the net loss available to common shareholders by the weighted average common shares outstanding and common stock equivalents, when dilutive. Potentially dilutive common stock equivalents include common shares issued pursuant to stock warrants, stock options, convertible preferred stock and convertible note agreements. Common stock equivalents were not included in determining the fully diluted loss per share as they were antidilutive. On February 12, 2014, Cachet Financial Solutions (Minnesota) completed a merger transaction (the “Merger”) with DE Acquisition 2, Inc. (“DE2”), a Delaware corporation and public company with no operations. Pursuant to the terms of the Merger, each share of common stock of Cachet Financial Solutions (Minnesota) that was issued and outstanding at such time was cancelled and converted into 10.9532 (the “exchange ratio”) shares of DE2’s common stock. Subsequently DE2 changed its name to Cachet Financial Solutions, Inc. On March 18, 2014, the Company completed a reverse stock split of its issued and outstanding common stock on a 1- for-10.9532 basis. The Company’s authorized capital shares previous to this transaction consisted of 22,500,000 shares of $.01 par value common stock and 2,500,000 shares of preferred stock. As a result of the DE 2 transaction, the Company’s new authorized capital consists of 500,000,000 shares of $.0001 par value common stock and 20,000,000 shares of preferred stock. All amounts in the accompanying financial statements and notes related to shares, share prices and loss per share reflect retrospective presentation of the reverse split. The following table reflects the amounts used in determining loss per share: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2015 2014 2015 2014 Net Loss Attributable to Common Shareholders $ $ $ $ Weighted average common shares outstanding Net loss per common share – basic and diluted $ $ $ $ The following potential common shares were excluded from the calculation of diluted loss per share from continuing operations and diluted net loss per share attributable to common stockholders because their effect would have been anti-dilutive for the periods presented: As of June 30, June 30, 2015 2014 Convertible Preferred Stock - Stock Options Warrants Fair Value of Financial Instruments The Company uses fair value measurements to record fair value adjustments for certain financial instruments and to determine fair value disclosures. Warrants issued with price protection features are recorded at fair value on a recurring basis. The carrying value of cash and cash equivalents, accounts receivable and accounts payable approximated fair value due to the short maturity of those instruments. With respect to determination of fair values of financial instruments there are the following three levels of inputs: Level 1 Inputs– Quoted prices for identical instruments in active markets. Level 2 Inputs– Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 Inputs– Instruments with primarily unobservable value drivers. The warrants that are carried at fair value are valued using level 3 inputs utilizing a Black-Scholes option pricing model under probability weighted estimated outcomes. Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that may affect certain reported amounts and disclosures in the consolidated financial statements. Actual results could differ from those estimates. Significant estimates include the Company’s ability to continue as a going concern, allowance for doubtful accounts, assumptions used to value stock options and warrants, conversion incentive and share purchase price adjustment, and the value of shares of common stock issued for services. Stock-Based Compensation The Company accounts for stock-based compensation using the estimated fair values of warrants and stock options. For purposes of determining the estimated fair values the Company uses the Black-Scholes option pricing model. For the periods prior to the Company’s common stock being traded, the Company estimated the volatility of its common stock at the date of grant based on the volatility of comparable peer companies which are publicly traded; for later periods, the Company includes its actual common stock trading to compute volatility. The Company determines the expected life based on historical experience with similar awards, giving consideration to the contractual terms, vesting schedules and post-vesting forfeitures. The Company uses the risk-free interest rate on the implied yield currently available on U.S. Treasury issues with an equivalent remaining term approximately equal to the expected life of the award. The Company has never paid any cash dividends on its common stock and does not anticipate paying any cash dividends in the foreseeable future. Compensation expense for all share-based payment awards is recognized using the straight-line amortization method over the vesting period. The fair values of stock award grants are determined based on the number of shares granted and estimated fair value of the Company’s common stock on the date of grant. Research and Development Costs The Company considers those costs incurred in developing new processes and solutions to be research and development costs and they are expensed as incurred. Recent Accounting Pronouncements On May 28, 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers . The core principle of the ASU is for companies to recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration, or payment, to which the company expects to be entitled in exchange for those goods or services. The ASU may also result in enhanced disclosures about revenue. For public entities, the ASU is effective for annual reporting periods beginning after December 15, 2016, on July 9, 2015 , the FASB voted to allow a one year deferral of t he effective date. The deferral permit s early adoption, but does not allow adoption any earlier than the original effective date of the standard. We are currently evaluating the impact this standard will have on our consolidated financial statements. In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern. The amendments provide guidance about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. The standard will be effective for the Company on December 31, 2016. The adoption of this pronouncement may impact future assessment and disclosures related to the Company’s ability to continue as a going concern. In April 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update No. 2015-03, "Simplifying the Presentation of Debt Issuance Costs" ("ASU 2015-03") which changes the presentation of debt issuance costs in financial statements to present such costs as a direct deduction from the related debt liability rather than as an asset. ASU 2015-03 will become effective for public companies during interim and annual reporting periods beginning after December 15, 2015. Early adoption is permitted. We do not expect the adoption of ASU 2015-03 will have a material impact on our consolidated financial statements.	1. Nature of Operations and Summary of Significant Accounting Policies Nature of Business and Operations Overview Cachet Financial Solutions, Inc. (the “Company” or “Cachet”) is a provider of technology solutions and services to the financial services industry. The Company’s solutions and services enable its clients—banks, credit unions and other types of financial institutions or financial service organizations—to provide their customers with remote deposit capture technology (“RDC”) and related services. The Company’s cloud based Software as a Service (“SaaS”) RDC solutions allow customers to scan checks remotely through their smart phones or other devices and transmit the scanned, industry compliant images to a bank for posting and clearing. In addition, the Company’s offerings include a mobile wallet solution which provides a virtual account for customers that do not have a bank account and is focused on the pre-paid card market. Through the Company’s cloud based SaaS mobile wallet offering we provide consumers the ability to deposit and withdraw funds, transfer funds, and pay bills with their mobile phone or tablet. As of December 31, 2014 , we had entered into 348 contracts with customers for our products and services. Approximately 252 of those agreements were “active,” meaning that they have implemented the RDC software enabling the processing of customer transactions or deployed the mobile wallet application. The Company offers its services to financial institutions in the United States, Canada and Latin America. Our business operations are conducted through our wholly owned subsidiary, Cachet Financial Solutions Inc., a Minnesota corporation. Basis of Presentation The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiary Cachet Financial Solutions Inc. as of December 31, 2014 and December 31, 2013 and for the years ended December 31, 2014 and 2013 . The wholly owned subsidiary is the only entity with operational activity and therefore no intercompany transactions exist with the parent entity which would need to be eliminated. The Company has prepared the consolidated financial statements in accordance with accounting principles generally accepted in the United States of America. The accompanying consolidated financial statements have been prepared on the basis that the Company will continue as a going concern. From inception to December 31, 201 4 , the Company ha s cumulative operating losses of approximately $ 51.7 million, and as of December 31, 201 4 , our current liabilities exceed ed our current assets by approximately $ 3 . 2 million. In 201 5, the Company expect s to continue to grow our client base and increase our revenues through higher RDC transaction volumes and monthly active user fees (“MAUs”) from our Select Mobile Money offering . Nevertheless, the Company expects to continue to incur operating losses through December 31, 2015. The Company engaged an investment firm to assist in raising additional capital through the issuance of debt and equity. The Company’s ability to continue as a going concern is dependent on raising additional capital to support operations and refinance maturing debt. In addition, the Company has a note payable maturing on April 30, 2015, with a principal and accrued interest balance as of December 31, 2014 of $714,553, and has an outstanding balance including accrued interest of approximately $1.1 million on a line of credit with on e of its directors. The line of credit is payable to the director upon the earlier of the Company completing financings with gross proceeds of $10 million or July 31, 2015. The Company also has $620,000 of notes payable with two directors maturing on June 30, 2015. There is no assurance we will be successful in raising the needed capital to fund our operations to December 31, 2015. The consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties. During 2014, the Company issued 2,229,702 shares of Series A Convertible Preferred Stock at $1.50 per share and issued five -year warrants to purchase an aggregate of 2,229,702 shares of its common stock at a per-share price of $2.00 (since adjusted to $1.15 per share). Net proceeds to the Company after offering costs were $3.0 million. As of December 31, 2014, the Company believes it was in full compliance with its debt agreements. On July 30, 2 014, the Company entered into a financing commitment letter with two directors to lend the Company up to $2.5 million through December 31, 2014 , bearing interest at 10% , and due January 31, 2015 , which was later extended to January 31, 2016. If any portion of the notes issued under the commitment letter was outstanding beyond January 31, 2016, the default interest rate would be adjusted to 18% . As of December 31, 2014, the Company had an outstanding obligation under the commitment letter, including accrued interest totaling $359,466 . Subsequent to December 31, 2014, the Company had additional advances totaling $350,000 . As part of a PIPE transaction completed in February 2015, Michael J. Hanson, one of the Company’s directors converted, $250,000 of the balance owed under the commitment letter into 217,391 shares of Series B Convertible Preferred Stock and was issued a five -year warrant to purchase an aggregate of 217,391 shares of its common stock at a per-share price of $1.15 . Since December 31, 2014, the Company issued (i) 9,000 shares of Series A Convertible Preferred Stock at $1.50 per share and issued five -year warrants to purchase an aggregate of 9,000 shares of its common stock at a per-share price of $2.00 (since adjusted to $1.15 per share) and (ii) 2,065,891 shares of Series B Convertible Preferred Stock at $1.15 per share and issued five -year warrants to purchase an aggregate of 2,065,891 shares of its common stock at a per-share price of $1.15 . Net proceeds to the Company after offering costs were approximately $2.2 million, including the cancellation of $250,000 in debt held by Michael J. Hanson, one of our directors. None of the investors in this offering were deemed affiliates of the Company, except for one of ou r directors, Michael J. Hanson. Also in February 2015 , the Company amended the terms of the $2.5 million commitment letter agreement to extend the outstanding principal balance owed as of this date of $450,000 to January 31, 2016 at a rate of 10% per annum (See Note 16 “Subsequent Events”). As part of the amendment, the d irectors did not renew the remaining amount available under the original terms of the financial commitment letter. The Company will require additional funds to continue beyond April 15 , 2015 and has engaged an investment banking firm to assist in completing a equity or equity-linked capital raise. There is no assurance the Company will be successful in raising the needed capital to fund its operations beyond April 15 , 2015 or obtain similar financing arrangements with other investors or lenders. The financial statements do not include any adjustments that might result from the outcome of these uncertainties . Summary of Significant Accounting Policies A summary of the significant accounting policies applied in the preparation of the accompanying financial statements is as follows: Revenue Recognition The Company generates revenue from the following sources: (1) subscription and support fees (2) transaction volume fees, (3) active monthly user fees for mobile wallet offering (4) fees related to the implementation of RDC and mobile wallet software for clients, and (5) professional services such as client specific software customization and other products and services. The Company’s arrangements do not contain general rights of return. The Company’s subscription arrangements do not provide customers with the right to take possession of the SaaS technology platform and, as a result, are accounted for as service arrangements. The Company records revenue net of any sales or excise taxes. The Company commences revenue recognition for its SaaS technology platform and professional services when all of the following criteria are met: · there is persuasive evidence of an arrangement; · the service has been or is being provided to the customer; · collection of the fees is reasonably assured; and · the amount of fees to be paid by the customer is fixed or determinable. Subscription and Support Revenue Subscription and support revenue is primarily derived from customers accessing the SaaS technology platform and includes subscription, support, transaction volume fees and active user fees for mobile wallet offering. Subscription and support revenue is recognized ratably over the contracted term of each respective subscription agreement, commencing on the date the service is provisioned to the customer, provided the four revenue recognition criteria have been satisfied. Transaction volume fees are recognized as transactions are processed and monthly services performed and active user fees for mobile wallet offering revenue is recognized on a monthly basis as earned provided the four revenue recognition criteria have been satisfied. Professional Services and Other Revenue Professional services include implementation services, development of interfaces requested by customers, assistance with integration of the Company’s services with the customers’ applications, dedicated support, and advisory services to customers who choose to develop their own interfaces and applications. Professional services are typically performed within three to six months of entering into an arrangement with the customer. Professional services are typically sold on a fixed-fee basis, but are offered on a time-and-material basis as well. Revenue for time-and-material arrangements is recognized as the services are performed. Revenue for fixed-fee arrangements is recognized under the proportional performance method of accounting as the Company has developed a history of accurately estimating activity. The Company uses labor hours incurred to the end of each reporting period compared to the total estimated labor hours as an input based measure of performance under customer arrangements. The Company believes labor hours incurred is materially representative of the value delivered to the customer at any point in time during the performance of the service. Professional services are not considered essential to the functionality of the SaaS offering. Implementation Fees The implementation fees are recognized over the term of the contract or expected life of the contract where no contractual term exists. Generally, client agreements are entered into for 12 to 36 months. A majority of the implementation service component of the arrangement with customers is performed within 120 days of entering into a contract with the customer. Multiple Element Arrangements The Company enters into multiple element arrangements in which a customer may purchase a subscription and professional services. For arrangements with multiple deliverables, the Company evaluates whether the individual deliverables qualify as separate units of accounting. In order to treat deliverables in a multiple element arrangement as separate units of accounting, the deliverables must have standalone value upon delivery. If the deliverables have standalone value upon delivery, the Company accounts for each deliverable separately and revenue is recognized for the respective deliverables as they are delivered. If one or more of the deliverables does not have standalone value upon delivery, the deliverables that do not have standalone value are combined with the final deliverable within the arrangement and treated as a single unit of accounting. Subscription and support contracts have standalone value as the Company sells subscriptions and support separately. In determining whether professional services can be accounted for separately from subscription and support services, the Company considers the availability of the professional services from other vendors, the nature of its professional services and whether the Company sells its applications to new customers without professional services. Based on these considerations the Company assessed that its professional services have standalone value. The Company determines the selling price for each element based on the selling price hierarchy of: (i) vendor-specific objective evidence (“VSOE”) of fair value, (ii) third-party evidence (“TPE”), and (iii) estimated selling price (“ESP”). The Company is unable to establish VSOE for any of its services, as the Company has not historically priced its services with sufficient consistency. The Company is also unable to establish TPE, as the Company does not have sufficient information regarding pricing of third-party subscription and professional services similar to its offerings. As a result, the Company has developed estimates of selling prices based on margins established by senior management as the targets in the Company’s selling and pricing strategies after considering the nature of the services, the economic and competitive environment, and the nature and magnitude of the costs incurred. The amount of arrangement fee allocated is limited by contingent revenue, if any. Deferred Revenue Deferred revenue consists of billings and payments received in advance of revenue recognition from the Company’s subscription and support offerings as described above and is recognized as the revenue recognition criteria are met. For subscription agreements, the Company typically invoices its customers in monthly or annual fixed installments. Accordingly, the deferred revenue balance does not represent the total contract value of these multi-year subscription agreements. Deferred revenue also includes certain deferred professional services fees, which are recognized in accordance with the Company’s revenue recognition policy. The portion of deferred revenue the Company expects to recognize during the succeeding 12-month period is recorded as current deferred revenue, and the remaining portion is recorded as noncurrent. Cost of Revenue Cost of revenue primarily consists of costs related to hosting the Company’s cloud-based application, providing customer support, data communications expense, salaries and benefits of operations and support personnel, software development fees, software license fees, amortization expense associated with acquired developed technology assets, and property and equipment depreciation. Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash and cash equivalents are maintained at one financial institution and, at times, balances may exceed federally insured limits. The Company has never experienced any losses related to these balances and does not believe it is exposed to any significant credit risk on cash and cash equivalents. Accounts Receivable Accounts receivable represent amounts due from customers. Management determines the allowance for doubtful accounts by regularly evaluating individual customer receivables and considering a customer’s financial condition, credit history and current economic conditions. Accounts receivable are written off when deemed uncollectible. Recoveries of accounts receivable previously written off are recorded when received. The allowance for doubtful accounts was approximately $25,000 and $89,000 as of December 31, 2014 and December 31, 2013 , respectively. Concentrations of credit risk with respect to accounts receivable are limited because a large number of geographically diverse customers make up the Company’s customer base, thus spreading the credit risk. Property and Equipment Depreciation and amortization is computed using the straight-line method over the following estimated useful lives: Computer and Data Center Equipment 3 years Purchased and Acquired software 3 years Leasehold Improvements 3 - 5 years, or lease term if less Furniture and fixtures 7 years Major additions and improvements are capitalized, while replacements, maintenance and repairs, which do not improve or extend the life of the respective assets, are expensed as incurred. When assets are retired or otherwise disposed of, related costs and accumulated depreciation and amortization are removed and any gain or loss is reported. Goodwill Goodwill represents the excess purchase price over the appraised value of the portion of identifiable assets that were acquired from the DeviceFidelity Inc. acquisition completed in March 2014. Goodwill is not amortized but is reviewed at least annually for impairment, or between annual dates if circumstances change that would more likely than not cause impairment. Management performs its annual impairment test at the close of each fiscal year, and considers several factors in evaluating goodwill for impairment, including the Company’s current financial position and results, general economic and industry conditions and legal and regulatory conditions. No impairment of goodwill was identified for the years ended December 31, 2014 and 2013 . See Note 11 for further discussion. Impairment of Long-lived Assets, Including License Agreements The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. The Company did not identify any impairment events or circumstances during the year ended December 31, 2014 or December 31, 2013 . Deferred Financing Costs Deferred financing costs are capitalized and amortized over the lives of the related debt agreements. The costs are amortized to interest expense using the effective interest method. In the event debt is converted or paid prior to maturity, any unamortized issuance costs are charged to expense. Advertising Costs Advertising costs are expensed as incurred and are included in sales and marketing expense on the accompanying statements of operations. During the years ended December 31, 2014 and 2013, advertising costs totaled $15,888 and $15,495 , respectively. Deferred Commissions The Company capitalizes commission costs that are incremental and directly related to the acquisition of customer contracts. Commission costs are capitalized and amortized over the term of the related customer contract. Net Loss Per Common Share Basic and diluted net loss per common share for all periods presented is computed by dividing the net loss available to common shareholders by the weighted average common shares outstanding and common stock equivalents, when dilutive. Potentially dilutive common stock equivalents include common shares issued pursuant to stock warrants, stock options, convertible preferred stock and convertible note agreements. Common stock equivalents were not included in determining the fully diluted loss per share as they were antidilutive. On February 12, 2014, the Company completed a merger transaction with DE Acquisition 2, Inc. (“DE2”), a public company with no operations. Pursuant to the terms of the merger, each share of the Company’s common stock that was issued and outstanding at such time was cancelled and converted into 10.9532 (the “exchange ratio”) shares of DE2’s common stock. On March 18, 2014, the Company completed a reverse stock split of the Company’s issued and outstanding common stock on a 1- for-10.9532 basis. The Company’s authorized capital shares previous to this transaction consisted of 22,500,000 shares of $.01 par value common stock and 2,500,000 shares of preferred stock. As a result of the DE 2 transaction, the Company’s new authorized capital consists of 500,000,000 shares of $.0001 par value common stock and 20,000,000 shares of preferred stock. All amounts in the accompanying financial statements and notes related to shares, share prices and loss per share reflect retrospective presentation of the reverse split. The following table reflects the amounts used in determining loss per share: Year Ended December 31, December 31, 2014 2013 Net loss $ $ Less: Cumulative unpaid preferred stock dividends — Net Loss attributable to common stockholders Weighted average common shares outstanding Net loss per common share – basic and diluted $ $ The following potential common shares were excluded from the calculation of diluted loss per share from continuing operations and diluted net loss per share attributable to common stockholders because their effect would have been anti-dilutive for the periods presented: As of December 31, December 31, 2014 2013 Convertible Preferred Stock - Stock Options Warrants Fair Value of Financial Instruments The Company uses fair value measurements to record fair value adjustments for certain financial instruments and to determine fair value disclosures. Warrants issued with price protection features are recorded at fair value on a recurring basis. The carrying value of cash and cash equivalents, accounts receivable and accounts payable approximated fair value due to the short maturity of those instruments. With respect to determination of fair values of financial instruments there are the following three levels of inputs: Level 1 Inputs– Quoted prices for identical instruments in active markets. Level 2 Inputs– Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 Inputs– Instruments with primarily unobservable value drivers. The warrants that are carried at fair value are valued using level 3 inputs utilizing a Black-Scholes option pricing model under probability weighted estimated outcomes. Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that may affect certain reported amounts and disclosures in the consolidated financial statements. Actual results could differ from those estimates. Significant estimates include the Company’s ability to continue as a going concern, allowance for doubtful accounts, assumptions used to value stock options and warrants, conversion incentive and share purchase price adjustment, and the value of shares of common stock issued for services. Stock-Based Compensation The Company accounts for stock-based compensation using the estimated fair values of warrants and stock options. For purposes of determining the estimated fair values the Company uses the Black-Scholes option pricing model. For the periods prior to the Company’s common stock being traded, the Company estimated the volatility of its common stock at the date of grant based on the volatility of comparable peer companies which are publicly traded; for later periods, the Company uses its actual common stock trading to compute volatility. The Company determines the expected life based on historical experience with similar awards, giving consideration to the contractual terms, vesting schedules and post-vesting forfeitures. The Company uses the risk-free interest rate on the implied yield currently available on U.S. Treasury issues with an equivalent remaining term approximately equal to the expected life of the award. The Company has never paid any cash dividends on its common stock and does not anticipate paying any cash dividends in the foreseeable future. Compensation expense for all share-based payment awards is recognized using the straight-line amortization method over the vesting period. The fair values of stock award grants are determined based on the number of shares granted and estimated fair value of the Company’s common stock on the date of grant. Research and Development Costs The Company considers those costs incurred in developing new processes and solutions to be research and development costs and they are expensed as incurred. Recent Accounting Pronouncements On May 28, 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers . The core principle of the ASU is for companies to recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration, or payment, to which the company expects to be entitled in exchange for those goods or services. The ASU may also result in enhanced disclosures about revenue. For public entities, the ASU is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Due to the recent date of issuance for this ASU, management is currently evaluating what impact, if any, the pronouncement will have on the Company’s disclosures, its financial position or results from operations. In June 2014, the FASB issued authoritative guidance related to share-based payments when the terms of an award provide that a performance target could be achieved after the requisite period. The amendments require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. The requirements of the new standard are effective for the annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods. We do not anticipate that this guidance will have a material impact on the Company’s financial position or results of operations. In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern. The amendments provide guidance about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. The standard will be effective for the Company on December 31, 2016. The adoption of this pronouncement may impact future assessment and disclosures related to the Company’s ability to continue as a going concern.

Note Receivable

Note Receivable	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Note Receivable
Note Receivable	2. Note Receivable The Company has a note receivable, bearing interest at 5% , for fees being refunded for an unsuccessful capital raising transaction. The note has a face value of $501,000 and was due in October 2013. The collectability of this note is uncertain and the Company has established a reserve for 100% of the balance owed as of June 30, 2015 and December 31, 2014 . In February 2015 the Company obtained a default judgment in our favor relating to such note in the amount of approximately $542,000 (including interest). Due to the financial limitations of the judgment debtor, the Company continues to believe the collectability of the note is uncertain and therefore maintains a reserve for 100% of the balance owed.	2. Note Receivable The Company has a note receivable, bearing interest at 5% , for fees being refunded for an unsuccessful capital raising transaction. The note has a face value of $501,000 and was due in October 2013. The collectability of this note is uncertain and the Company has established a reserve for 100% of the balance owed as of December 31, 2014 and December 31, 2013 . In February 2015 the Company obtained a default judgment in our favor relating to such note in the amount of approximately $542,000 (including interest). The Company continues to believe the collectability of the note is uncertain and therefore maintains a reserve for 100% of the balance owed.

Prepaid Expenses

Prepaid Expenses	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Prepaid Expenses
Prepaid Expenses	3. Prepaid Expenses Prepaid expenses primarily consist of prepayment of licenses and maintenance fees, or deposits with, the providers of RDC software capabilities to the Company.	3. Prepaid Expenses Prepaid expenses primarily consist of prepayment of licenses and maintenance fees, or deposits with, the providers of RDC software capabilities to the Company.

Property and Equipment

Property and Equipment	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Property and Equipment
Property and Equipment	4. Property and Equipment Property and equipment consists of the following: As of June 30, December 31, 2015 2014 (unaudited) (audited) Computer equipment $ $ Data center equipment Purchased software Furniture and fixtures Leasehold improvements Total property and equipment Less: accumulated depreciation Net property and equipment $ $ Depreciation expense for the three and six months ended June 30, 2015 was approximately $85,000 and $132,000 , respectively, compared to $60,000 and $125,000 for the same periods in the prior year , respectively.	4 . Property and Equipment Property and equipment consists of the following: As of December 31, December 31, 2014 2013 Computer equipment $ $ Data center equipment Purchased software Furniture and fixtures Leasehold improvements Total property and equipment Less: accumulated depreciation Net property and equipment $ $ Depreciation expense was approximately $214,000 and $346,000 , for the years ended 2014 and 2013 , respectively.

Accrued Expenses

Accrued Expenses	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Accrued Expenses
Accrued Expenses	5. Accrued Expenses Accrued expenses consist of the following: As of June 30, December 31, 2015 2014 (unaudited) (audited) Accrued compensation $ $ Accrued rent Accrued sales tax Total accrued expenses $ $	5. Accrued Expenses Accrued expenses consist of the following: As of December 31, December 31, 2014 2013 Accrued compensation $ $ Accrued rent Accrued sales tax - Total accrued expenses $ $

Financing Arrangements

Financing Arrangements	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Financing Arrangements
Financing Arrangements	6. Financing Arrangements The Company has obtained debt financing through bank loans and loans from directors and other affiliated parties and unaffiliated third party investors. Certain of the debt was issued with warrants that permit the investor to acquire shares of the Company’s common stock at prices as specified in the individual agreements. See Note 12 for additional information regarding conversions of debt and accrued interest into common stock for the three and six months ended June 30, 2015 . Following is a summary of debt outstanding: As of June 30, December 31, 2015 2014 (unaudited) (audited) Notes Payable to Directors and Affiliates $ $ Convertible Term Loan, due December 2016, interest at 10% Series Subordinated Note, due December 2015 Stated interest rate of 12% Notes Payable, due the earlier of raising $10 million in proceeds from private placements or January 2016, interest between 8.25% and 12% Note Payable, due August 2021, interest 0% Installment Note Payable – Bank Total Unamortized discount Total debt, net Less: current maturities Long-term portion $ $ Future maturities of long-term debt at June 30, 2015 are as follows: Six months ending December 31, 2015 $ 2016 2017 - 2018 - 2019 - 2020 - Thereafter $ Notes Payable to Directors and Affiliates The Company issued a total of $4,425,000 of new notes to Messrs. Davis and Hanson from January 2014 through June 30, 2015. Of this amount, $400,000 in principal amount of the notes bears interest at a rate of 10% and originally was due June 30, 2015. In June 2015, the notes were converted into 4,000 Series C Convertible Preferred Stock as part of the Series C Preferred offering the Company completed. Messrs. Davis and Hanson also received five year warrants to purchase 913,659 share s of common stock at $0.4378 per share. A total of $450,000 was advanced under the June 2014 letter agreement described below, and $1,000,000 repres ents the outstanding balance under the Company’s line of credit agreement with Mr. Hanson . The original terms of the line of credit agreement provided for a stated interest rate of 10% on the principal amount outstanding. In July 2015, Mr. Hanson agreed to amend the repayment terms of the line of credit to occur on the earlier of (a) raising an aggregate gross proceeds in one or more financing transactions of at least $10 million or (b) December 31, 2015. There are no financial covenants with the line of credit. Through the second quarter of 2014, the Company had drawn down the entire $1,500,000 under this facility. At the option of Mr. Hanson , all the principal and unpaid accrued interest under the line-of-credit could have been converted upon the completion of an IPO of the Company’s common stock at a 20% discount to the price at which the shares are of the Company’s stock were sold in the offering. Mr. Hanson exercised this conversion right with respect to $500,000 of indebtedness in connection with our July 2014 IPO into 416,667 shares of common stock and also received five -year warrants to purchase a total of 333,333 shares of the Company’s common stock at an exercise price of 125% of the IPO price or $1.88 per share. The amount of principal owed under the $1.5 million line of credit as of June 30, 2015 and December 31, 2014 was $1,000,000 plus accrued interest of $121,562 and $71,973 , respectively. As a result of the Company completing its IPO on July 14, 2014, the Company determined there was a beneficial conversion feature related to the $1.0 million outstanding balance of the line of credit which totaled $250,000 . This amount was recorded as a discount to the debt and is being amortized into interest expense through the amended maturity date of January 31, 201 6 . For the three and six months ended June 30, 2015, the Company recorded interest expense of approximately $62,000 and $125,000 , respectively, related to amortization expense associated with the beneficial conversion feature. The unamortized balance of the beneficial conversion feature as of June 30, 2015 and December 31, 2014 was approximately $21,000 and $146,000 respectively . On July 30, 2014, the Company entered into a financing commitment letter with two directors to lend the Company up to $2.5 million through December 31, 2014, bearing interest at 10% , and due January 31, 2015, which was later extended to January 31, 2016. If any portion of the notes issued under the commitment letter was outstanding beyond January 31, 2015, the default interest rate would be adjusted to 18% . As of December 31, 2014 there was $350,000 outstanding. During the first half of 2015, the Company had r eceived advancements totaling $350,000 . On February 3, 2015, Michael Hanson, one of our directors, converted $250,000 of the amount owed into 217,391 shares of Series B Convertible Preferred Stock (which Series B Convertible Preferred Stock was converted into common stock on February 27, 2015). Also in February 2015 , the Company amended the terms of the commitment letter to extend the repayment of the outstanding principal balance owed as of that date of $450,000 to January 31, 2016 at a rate of 10% per annum. As part of the amendment, the directors did not renew the remaining amount available under the original terms of the commitment letter. In June 2015, Michael Hanson converted $102,000 of the amount owed into 1,020 shares of Series C Convertible Preferred Stock and also received five year a warrant to purchase 232,983 share of common stock at $0.4378 per share. As of June 30, 2015, the total principal and accrued interest amount outstanding owed to Messrs. Davis and Hanson related to advances under the commitment letter equaled $348,000 and $32,588 , respectively . Convertible Term Loan, due December 2016 In December 2013, the Company entered into an agreement to issue convertible notes to an investor in a principal amount of up to $4 million. The proceeds of borrowings under the notes are expressly to be used to repay amounts owed under the Company’s senior secured note payable issued to another investor. Borrowings under the agreement bear interest at 10% and the note matures in December 2016. In the event of default, the interest rate increases by either 2% or 4% , depending on the nature of the default. Under the note agreement, the investor has the right, but not the obligation, to advance additional amounts up to the $4 million. The terms of the agreement provide that the investor may have several options to convert the notes at varying rates and times following the completion of a qualifying financing transaction. Depending on the timing of conversion, the holder may also receive warrants to purchase common stock. In addition to conversion of the notes, the holder has the right to request shares of common stock, rather than cash, as payment for interest. In May 2014 the Company agreed to include $35 6,616 in principal and accrued interest of the convertible notes, due March 2015, under the terms of the Convertible Term Loan, due December 2016. On May 12, 2014, the Company entered into an agreement to amend the conversion terms of the Convertible Term loan, due December 2016 as follows: First Conversion Right . The holder had the right at its election to convert the principal and accrued interest of the note into common stock at a conversion rate equal to 90% of the price based on the terms offered in the Convertible Subordinated Note, due June 2015. The first conversion right was extended for a period of 120 days following the closing date of the IPO, July 14, 2014. Upon the holder’s election to convert, the conversion price would have equaled 125% of the price at which the common stock was sold in the IPO. The first conversion right expired on October 11, 2014 . Second Conversion Right . To the extent that the holder did not elect to exercise the First Conversion Right, then the holder has the right through the maturity date of the Note, December 2016, to convert the principal and accrued interest into common stock at a conversion rate equal to 125% of the price at which the common stock was sold in the IPO. Under the terms of this conversion agreement, the holder will receive 100% warrant coverage under the same terms provided pursuant to the First Conversion Right. On June 18, 2014, the holder agreed to convert $1,000,000 of the then outstanding principal balance of $3,250,000 together with the accrued related interest into common stock upon the completion of the IPO based on the terms described above in the First Conversion Right. Upon completion of the Company’s IPO on July 14, 2014, the $1,000,000 of principal and $58,630 of accrued interest converted into 980,213 shares of common stock and the Company also issued to the investor a five -year warrant to purchase 705,753 shares of the Company’s common stock at an exercise price equal to 125% of the IPO price, or $1.875 . As a result of the Company completing its IPO on July 14, 2014, the Company determined there was a beneficial conversion feature related to the remaining $2.3 million outstanding balance of the Convertible Term Loan, due December 2016 which totaled $894,444 . This amount was recorded as a discount to the debt and was amortized into interest expense on a straight-line basis over the 120 days following the closing of the IPO which represents the period that during which the debt could be converted at a discount to the IPO price. The Company recorded interest expense of $894,444 related to amortization expense associated with the beneficial conversion feature for the year ended December 31, 2014. The balance of the note as of June 30, 2015 and December 31, 2014 was $2.3 million plus accrued interest of $254,329 and $140,275 , respectively. Series Subordinated Note The series subordinated note totaling $613,808 in principal and accrued interest of $100,745 as of December 31, 2014 was originally due in December 2014. In December 2014, the Company amended the terms of the note to include monthly installments of $50,000 due December 2014 and an additional $50,000 due at the end of each following month through April of 2015, when the remaining principal balance and related accrued interest becomes due. In May 2015, the Company amended the note agreement to provide payments equal to $50,000 starting on May 31, 2015 and continuing each subsequent month end till December 31, 2015, which the entire remaining principal and accrued interest is due. The principal balance on the note as of June 30, 2015 and December 31, 2014 was $499,592 and $613,808 , respectively. Notes Payable, due January 2016 In January 2014, the Company assumed notes payable totaling $74,486 related to the acquisition of DE2. The original terms of the notes required repayment on the earlier of January 31, 2016 or the date the Company completes a business combination with an operating company in a reverse merger or reverse takeover transaction or other transaction after which the Company would cease to be a shell company. The reverse merger was completed in February 2014, and the terms of the note were amended to state that the principal and related accrued interest is due the earlier of January 31, 2016 or the date the Company completes one or more private placements of debt or equity securities resulting in aggregate proceeds of $10,000,000 . Note Payable, due August 2021 In August 2014, the Company entered into a 0% interest $192,000 note payable with the State of Minnesota as part of an Angel Loan program fund. There are no financial loan covenants associated with the loan, which has a maturity date of August 2021. The loan contains a provision whereby if the Company transfers more than a majority of its ownership, the loan becomes immediately due, along with a 30% premium amount of the principal balance. In addition, if the Company is more than 30 days past due on any payments owed under the loan, the interest rate increases to 20% per annum. Installment Note Payable – Bank In March 2014, the Company entered into an installment note with a bank for a total of $330,020 . The note bears interest at the prime rate plus 1% , but not less than 5% . The note is due on demand; if no demand is made then the note is due in monthly payments of $9,903 from April 2014 through April 2017. Borrowings are secured by substantially all of the Company’s property and are guaranteed by three of the Company’s directors . In April 2015, the Company entered into a new installment note replacing the above mentioned note. The balance of the existing note totaled approximately $216,000 , while the new note was issued for approximately $330,000 . The Company received the net amount between the two notes or $113,000 , which was primarily used for working capital purposes. The new note bears interest at the prime rate plus 1% , but not less than 5% . The note is due on demand; if no demand is made then the note is due in monthly payments of $9,903 from May 2015 through May 2018. Borrowings remained secured by substantially all of the Company’s property and are guaranteed by three of the Company’s directors. The principal balance as of June 30, 2015 and December 31, 2014 was approximately $313,000 and $252,000 , respectively. Other Information Regarding Debt The prime interest rate was 3.25% at June 30, 2015 and December 31, 2014 . As a result of either the short term duration or recency of the financing, the Company believes that the fair value of its outstanding debt approximates market value.	6. Financing Arrangements The Company has raised debt through several forms of borrowing including bank loans, loans from d irectors and other affiliated parties and unaffiliated third party investors. Certain of the debt was issued with warrants that permit the investor to acquire shares of the Company’s common stock at prices as specified in the individual agreements. See Note 12 for additional information regarding conversions of debt and accrued interest into common stock in 2013 and the year ended December 31, 2014 . Following is a summary of debt outstanding: As of December 31, December 31, 2014 2013 Senior Secured Note Payable, due August 2013 $ - $ Secured Convertible Notes, due June through August 2014 - Notes Payable to Directors and Affiliates Convertible Notes, due March 2015, interest at 10% - Convertible Term Loans, due December 2016, interest at 10% Convertible, Subordinated Notes, due March 2012 interest at 6% - Convertible Subordinated Note, due April 2015 interest at 9% - Series Subordinated Notes, due April 2015 Stated interest rate of 12% , effective interest of 38% . Notes Payable, due February 2015, interest at 10% - Notes Payable, due the earlier of raising $10 million in proceeds from private placements or January 2016, interest between 8.25% and 12% - Note Payable, due August 2021, interest 0% - Installment Note Payable – Bank Total Unamortized discount Total debt, net Less: current maturities Long-term portion $ $ Future maturities of long-term debt at December 31, 2014 are as follows: 2015 $ 2016 2017 - 2018 - 2019 - Thereafter $ Senior Secured Note Payable In October 2012, the Company entered into a Loan and Security Agreement (the “Secured Loan Agreement”) with Michaelson Capital Partners, LLC (the “Senior Secured Lender”) that provides for borrowings of up to $1,500,000 . Borrowing under the Secured Loan Agreement is secured by all property of the Company including tangible and intangible property. In addition, the Secured Loan Agreement contained certain negative pledges and restrictions on certain types of transactions and use of loan proceeds. The note is guaranteed by a Company d irector and the spouse of the d irector. The loans carry stated interest rates from 10 - 16% . In the event of default the interest rate increase s to 14% - 20% . The Secured Loan Agreement’s stated expiration date was April 23, 2013. Beginning in August 2013, the Company was in default and outstanding borrowings a nd interest began to accrue at the default rates. In addition, the agreement contains certain covenants, some of which the Company was not in compliance with. The note was amended in February 2013 and an additional $1,000,000 was borrowed. Further, as part of this amendment the lender received a payoff premium of $750,000 which the Company accrued as interest expense in 2013 and paid in 2014 . On December 6, 2013, the Company entered into a Forbearance Agreement (the “Forbearance Agreement”) with the Senior Secured Lender. The Forbearance Agreement provided that the Senior Secured Lender would not accelerate repayment of the amounts owing, or enforce its security interests or any other rights, under the Secured Loan Agreement, until March 6, 2014. In March 2014 the F orbearance A greement was extended to May 12, 2014. In consideration for the extension the Company agreed to issue $1 million of the Company’s common stock, the number of shares to be determined by reference to the lowest per share price in the Company’s then planned public offering of common stock. On July 14, 2014 the Company issued to the Senior Secured Lender 666,667 shares of common stock at $1.50 per share for a total value of $1,000,000 . In 2014 , the Company recorded interest expense of $1,000,000 , related to this extension. On May 1, 2014, the Company entered into an agreement with an investor to draw on the $4 million convertible term loan , due December 2016 , described below for an amount sufficient to satisfy their outstanding obligation to the Senior Secured Lender, but not to exceed the loan limit of $4 million, for a maximum borrowing of $3.4 million as of March 31, 2014. On May 19, 2014, the Company entered into a second forbearance agreement with the Senior Secured L ender through May 23, 2014 in return for the Company repaying a total sum of $500,000 on this date. In addition, the Company agreed to reduce the price per share related to the $1.0 million of common stock to 80% of the lowest price per share of common stock issued to any investor in the Company if the stock was not publicly traded on or before July 15, 2014. On May 29, 2014, the Company received an advance totaling $1.950 million under the terms of the convertible term loan and repaid a total of $2.0 million of the outstanding balance to the Senior Secured Lender, leaving a remaining balance of $150,660 . On May 30, 2014, the Company entered into an unsecured convertible note payable with the Senior Secured Lender for a total of $150,660 . The note b ore interest a t an annual rate of 10% and the principal and accrued interest were due on or prior to July 31, 2014. Upon a thirty day written notice to the Company from the issuance date, the Senior Secured L ender had an option to convert the note into common stock at 90% of the conversion terms offered in the Convertible Subordinated Notes, due June 2015 , described below . In addition, upon conversion of the note, the holder was entitled to receive warrants equal to the number of shares received from the conversion at a price of 125% of the IPO price. In July 2014, the Company repaid the remaining note outstanding of $150,660 , along with accrued interest totaling $2,559 which satisfied all remaining obligations to th e Senior Secured L ender. The S enior Secured L ender also received a warrant to purchase 76,228 shares of Company common stock at $9.00 per share. The warrant expires in October 2017. Including the value of the warrant at the date of issuance, the effective interest rate on the full $2,500,000 available under the Secured Loan Agreement was 38% . The exercise price of the warrant is subject to downward adjustment in the event of the subsequent sale of common stock or convertible debt at a lower price, as defined, prior to exercise of the warrant. As a result of this provision, the Company determined that the warrant should be accounted for as a liability carried at fair value. In February 2013, the exercise price was adjusted to $2.88 and the number of shares of Company common stock to be acquired was increased to 238,212 based on a qualifying transaction. In July 2014, the Company entered into an agreement to modify the terms of the warrant. Under the new terms, the exercise price was reduced to $1.20 per share which is 80% of the IPO share price and the number of shares of Company common stock to be acquired was increased to 571,708 . In connection with the issuance of warrants with an exercise price of $1.15 as part of the PIPE transaction completed in 2015, the Company increased the total number of shares of common stock issuable upon exercise of the warrant issued to the Senior Secured Lender to 745,706 and reduced the exercise price to $.92 per share (See Note 16 “Subsequent Events”). The Company determined the value of the warrant to be $146,000 and $309,000 at December 31, 2014 and December 31, 2013 , respectively, and both of these amounts were recorded as a liability on the balance sheet as of these dates. The Company also incurred financing costs in conjunction with this transaction aggregating $62,500 that are owed under the same terms as terms as the Secured Loan Agreement. The entire amount was fully amortized as of December 31, 2014. Secured Convertible Notes, due June through August 2014 From June through August 2013, the Company borrowed $770,000 under various secured convertible notes. The notes b ore interest at the annual rate of 10% and mature one year from the date of issue. Had the Company defaulted on the notes, the annual rate of interest would have increased by 5% . The re was no early repayment penalty on the loans. Borrowings under the notes were secured by all property of the Company including tangible and intangible property. In addition, the notes contain ed certain negative pledges and restrictions on certain types of transactions and use of loan proceeds. Upon completion of certain equity financing transactions as defined in the notes, the outstanding principal and unpaid interest was automatically converted into common stock. The conversion rate per share was equal to 75% of the per share price of the securities offered in the defined financing transaction . On May 12, 2014, the Company entered into a loan modification agreement under which the h older of the note agreed to provide a $40,000 discount of the outstanding balance with a repayment of $150,000 of principal outstanding as of this date. During the year ended December 31, 2014, the Company repaid a total of $660,000 of principal and $66,055 of accrued interest. In addition, the Company c onverted into equity $70,000 of principal and $1,764 of accrued interest at a conversion rate of $4.00 per share. (See Note 12 ). No obligation remained outstanding under these notes as of December 31, 2014. Notes Payable to Directors and Affiliates In November 2010, the Company borrowed $300,000 from a d irector. The loan was unsecured, had a stated interest rate of 6% and was due in equal monthly installments of $9,127 until fully repaid in November 2013. In conjunction with the loan agreement, the d irector received 17,484 shares of common stock with an aggregate value of $69,937 . The remaining balance on this loan was converted to common stock in 2013. (See Note 12) In 2012, the Company borrowed $1,000,000 under unsecured notes from certain current or former d irectors or their affiliates. These notes had a stated effective annual interest rate of 24% for the first 60 days and 40% thereafter until paid. These loans were converted to common stock in 2013. (See Note 12) In October 2012, a d irector of the Company loan ed the Company $1,105,000 , replacing a note payable to a bank in an equal amount. The loan was due in November 2013 and had an interest rate equal to the prime rate plus 1.25% , but not less than 4.5% . Th e note issued in connection with this loan was secured by the pledge of 86,875 shares of Company stock and 136,250 options owned by the President/CEO of the Company. The loan was subordinate to the Senior Secured Note Payable until such time as that note is repaid; afterwards the loan would have become senior to all other debt. Concurrent with th is loan, the Director received a warrant to purchase 50,000 shares of Company common stock at $4.00 per share. In November 2013, the warrant was exchanged for common stock. This note was converted into common stock in the February 2013 debt conversion. (See Note 12) In 2013, the Company borrowed an additional $3,093,332 (including the refinancing of a $250,000 note and related interest of $43,332) from two d irectors. Certain of these and other previously outstanding loans to these d irectors were converted to common shares in 2013 as described in Note 12. In March 2014, the Company borrowed $1,500,000 from a director to fund the acquisition of Select Mobile Money from DeviceFidelity . (See Note 10) The note ha d an interest rate equal to 24% , payable monthly commencing April 2014. T he Company failed to pay the accrued interest on the note due April 2014 . As a result , the interest rate increased to 48% in April 2014 and continued to accrue at this rate until the note and all accrued interest was repaid in full. The principal and any unpaid accrued interest became due on May 15, 2014. In addition, the Company agreed to issue common stock as consideration for the note equal to 12.5% of the principal amount or $187,500 , which equals 78,125 shares using the required share price of $2.40 . Because the Company failed to pay the accrued interest due April 2014, the Company owed additional common stock equal to 3.125% of the outstanding principal amount or $46,875 , which equals 19,531 shares on each successive 5 th business day for as long as any portion of the principal amount of the loan was outstanding. The Company issued a total of 382,809 shares of common stock and recorded interest expense of $890,624 related to the common stock issued for the year ended December 31, 2014 . A total of $1,731,781 of principal and accrued interest was repaid in July 2014. In addition to the $1,500,000 March 2014 note above, the Company also issued a total of $3,690,000 of new notes to three d irectors during the year ended December 31 , 2014. Of this amount, $1,925,000 of the notes bears interest at a rate of 10% and become s due between February and September of 2015 , and $1,500,000 represents a line-of-credit agreement with one director of the Company. The original terms of the line-of-credit agreement provided for a stated interest rate of 10% on the principal amount outstanding . B oth the principal and unpaid accrued interest is payable upon the earlier of September 30, 2014 or completion of a public offering of securities. There are no financial covenants with the line-of-credit. Through the second quarter of 2014, the Company had drawn down the entire $1,500,000 under this facility. At the option of the d irector, all the principal and unpaid accrued interest under the line-of-credit could have been converted upon the completion of an IPO of the Company’s common stock at a 20% discount to the price at which the shares are of the Company’s stock were sold in the offering. The director exercised this conversion right with respect to $500,000 of indebtedness in connection with our July 2014 IPO (see June 24, 2014 Letter Agreement below). T he Company entered into three notes with di rectors totaling $265,000 that were due June 30, 2015 and accrue d interest at a rate of 8% . The terms of these notes include d a provision whereby all principal and accrued interest automatically convert ed into the Company’s common stock upon the successful consummation of an IPO. On July 14, 2014, the Company completed an IPO and the conversion price equaled 80% of the per share purchase price at which the Company’s common stock was sold in the IPO. On July 14, 2014, $265,000 of principal and $6,763 of accrued interest converted into 226,468 shares of common stock. On June 17, 2014, the Company entered into a conversion agreement with two directors under which a total of $1,050,000 of principal related to the 10% term notes due between February and March 2015 would automatically convert into common stock upon the completion of an IPO of the Company’s common stock at a 20% discount to the price at which the shares of the Company’s stock were sold in the IPO . These notes were converted into common stock at the time of our IPO. Upon conversion, the two d irectors also receive d 100% warrant coverage at a price equal to 125% of the IPO price or $1.875 . On June 24, 2014, the Company entered into a letter agreement with two d irectors under which a total of $900,000 of the principal of the 10% term notes due between February and March 2015 and $500,000 of principal owed under the 10% line-of-credit due September 2014 would automatically convert upon the Company completing an IPO. In addition, the d irector agreed to amend the repayment terms of the line-of-credit to occur on the earlier of (a) raising an aggregate gross proceeds in one or more financing transactions (other than the IPO) of at least $10 million or (b) July 31, 2015. The conversion terms are the same as described in the conversion agreement dated June 17, 2014 above. On July 14, 2014, the Company completed its IPO resulting in $3,375,000 of principal and $204,134 of accrued interest of short-term notes payable with a stated interest rate of 10% converting into 2,982,611 shares of the Company’s common stock. In addition, the two directors received five -year warrants to purchase a total of 2,250,000 shares of the Company’s common stock at an exercise price of 125% of the IPO price or $1.88 per share. Lastly, as part of the letter agreement entered into on June 24, 2014, a director agreed to convert $500,000 of principal related to the $1.5 million line-of-credit outstanding into 416,667 shares of common stock and also received five -year warrants to purchase a total of 333,333 shares of the Company’s common stock at an exercise price of 125% of the IPO price or $1.88 per share. T he amount of principal owed under the $1.5 million line-of-credit as of December 31, 2014 was $1,000,000 plus accrued interest of $62,315. As a result of the Company completing its IPO on July 14, 2014, the Company determined there was a beneficial conversion feature related to the $1 .0 million outstanding balance of the line-of-credit which totaled $250,000 . This amount was recorded as a discount to the debt and is being amortized into interest expense through the maturit y date of July 31, 2015. For the fiscal year ended December 31 , 2014, the Company recorded interest expense of $104,165 related to amortization expense associated with the beneficial conversion feature. The unamortized balance of the beneficial conversion feature as of the end of December 31 , 2014 was approximately $146,000 . On July 30, 2014, the Company entered into a financing commitment letter with two d irectors to lend the Company up to $2.5 million through December 31, 2014 , bearing interest at 10% , and due January 31, 2015 , which was later extended to January 31, 2016 . If any portion of the notes issued under the commitment letter was outstanding beyond January 31, 2015, the default interest rate would be adjusted to 18% . As of December 31 , 2014, the total principal and accrued interest amount outstanding owed to its d irectors related to advances under commitment letter equaled $350,000 and $9,465 , respectively . On February 3, 2015, Michael Hanson, one of our directors, converted $250,000 of the amount ow ed into 217,391 shares of Series B Convertible Preferred Stock (which Series B Convertible Preferred Stock was converted into common stock on February 27, 2015). Also in February 2015 , the Company amended the terms of the commitment letter to extend the repayment of the outstanding principal balance owed as of that date of $450,000 to January 31, 2016 at a rate of 10% per annum (See Note 16 “Subsequent Events”). As part of the amendment, the d irectors did not renew the remaining amount available under the original terms of the commitment letter. Convertible Notes due March 2015 In 2013, the Company borrowed $575,000 under convertible notes. These notes were due March 15, 2015 and carry same general conversion provisions as the 2013 Notes Payable to the two d irectors described above. The notes bear a stated interest rate of 10% . Warrants to purchase 87,500 shares of common stock at $4.00 per share were issued with $350,000 of this debt, resulting in an effective interest rate of 19% on that portion of the borrowing. In May 2014, the Company entered into an amendment with various lenders to modify the terms on $350,000 of these convertible notes to the terms provided under the convertible notes due December 2016. Therefore, prior to the Company’s completion of its IPO on July 14, 2014, the total principal amount outstanding of convertible notes due March 31, 2015 was $225,000 . Upon the completion of the Company’s IPO, the total outstanding balance of $225,000 in principal and $15,015 of accrued interest automatically converted into 177,786 shares of common stock. Convertible Term Loan, due December 2016 In December 2013, the Company entered into an agreement to issue convertible notes to an investor in a principal amount of up to $4 million. The proceeds of borrowings under the note s are expressly to be used to repay amounts owed under the Senior Secured Note Payable. Bor rowings under the agreement bear interest at 10% and the note matures in December 2016. In the event of default, the interest rate increases by either 2% or 4% , depending on the nature of the default. Under the note agreement, the investor has the right, but not the obligation, to advance additional amounts up to the $4 million. The terms of the agreement provide that the investor may have several options to convert the notes at varying rates and times following the completion of a qualifying financing transaction. Depending on the timing of conversion, the holder may also receive warrants to purchase common stock. In addition to conversion of the notes, the holder has the right to request shares of common stock, rather than cash, as payment for interest. In May 2014 the Company agreed to include $35 6,616 in principal and accrued interest of the convertible notes, due March 2015 , under the terms of the Convertible Term L oan, due December 2016. The outstanding balance including accrued interest as of December 31, 2013 was $502,603 . On May 1, 2014, the Company entered into an agreement which requires, within 10 calendar days of a written request on or prior to May 12, 2014 , the holder of the convertible notes agreed to make additional advances to the Company in an amount sufficient to satisfy the senior debt amount outstanding, but not to exceed the loan limit of $4.0 million. On May 12, 2014, the Company entered into an agreement to amend the conversion terms of the Convertible Term loan, due December 2016 as follows: First Conversion Right . The holder had the right at its election to convert the principal and accrued interest of the note into common stock at a conversion rate equal to 90% of the price based on the terms offered in the Convertible Subordinated Note, due June 2015 . The first conversion right was extended for a period of 120 days following the closing date of the IPO, July 14, 2014. Upon the h older’s election to convert, the Company would issue the h older 100% warrant coverage, with the exercise price being the same offered in the IPO or 125% of the price at which the common stock was sold in the IPO. Second Conversion Right . To the extent that the h older d id not elect to exercise the First Conversion Right, then the h older has the right through the maturity date of the Note, December 2016, to convert the principal and accrued interest into common stock at a conversion rate equal to 125% of the price at which the common stock was sold in the IPO. Under the terms of this conversion agreement, the h older will receive 100% warrant coverage under the same terms provided pursuant to the First Conversion Right. On June 18, 2014, the h older agreed to convert $1,000,000 of the then outstanding principal balance of $3,250,000 together with the accrued related interest into common stock upon the completion of the IPO based on the terms described above in the First Conversion Right. Upon completion of the Company’s IPO on July 14, 2014, the $1,000,000 of principal and $58,630 of accrued interest converted into 980,213 shares of common stock and the Company also issued to the investor a five -year warrant to purchase 705,753 shares of the Company’s common stock at an exercise price equal to 125% of the IPO price , or $1.875 . As a result of the Company completing its IPO on July 14, 2014, the Company determined there was a beneficial conversion feature related to the remaining $2.3 mill ion outstanding balance of the C onvertible T erm L oan, due December 2016 which totaled $894,444 . This amount was recorded as a discount to the debt and was amortized into interest expense on a straight-line basis over the 120 days following the closing of the IPO which represents the period that allows for the debt to be converted at a discount to the IPO price. During the year ended December 31 , 2014, the Company recorded interest expense of $894,444 related to amortization expense associated with the beneficial conversion feature. The unamortized balance of the beneficial conversion feature as of December 31 , 2014 was $0 . The balance of the note as of December 31, 2014 was $2.3 million plus accrued interest of $140,275 . Total advances under the note during 2014 totaled $3.3 million. Convertible Subordinated Notes, due March 2012 In March 2011, the Company issued $1,432,561 in face amount of convertible debt, the “March 2011 Notes”. These notes had a stated interest rate of 6% . The terms of the notes allowed the holders to convert the debt into common stock at any time prior to maturity at a conversion rate equal to the lesser of $9.00 per share or 25% below the offering price in the sale of securities in a qualified sale of securities, as defined. Payment of principal and interest on these notes was unsecured and subordinated to senior indebtedness, as defined. Concurrent with the issuance of these notes, the Company issued warrants to purchase 107,442 shares of Company common stock at $4.00 per share. In July and August 2011, the Company prepaid the majority of these notes and accrued interest. After the prepayment, holders of these notes purchased 124,449 shares of Company stock at $9.00 per share for an aggregate purchase price of $1,120,000 . In February 2013 and January 2014 an additional $200,000 and $14,422 was converted into common stock, respectively. (See Note 12) The remaining outstanding balance of $100,000 was converted into 25,000 shares of the Company’s common stock as part of its IPO on July 14, 2014 and the Company repaid accrued interest totaling $19,644 as of this date. Convertible Subordinated Note, due April 2015 In April 2013 the Company borrowed $200,000 under a convertible note. The note had a stated interest rate of 9% and was due April 1, 2015. The note was convertible at the option of the holder any time after April 1, 2014. The note would be automatically converted upon the occurrence of certain equity financing transactions or a change in control as defined in the note. The conversion price was $4.00 per share. On July 14, 2014, the outstanding principal balance of $200,000 and $21,699 of accrued interest was converted into 55,424 shares of common stock as a result of completing the Company’s IPO. Convertible Subordinated Notes, due February 2015 In February 2014 the Company borrowed $100,000 under a convertible note. The note was non - interest bearing and was due the earlier of February 27, 2015 or the completion of an equity offering by the Company of at least $5,000,000 . The note was convertible at the option of the holder at the time at in which the Company complete d such an equity offering of its common stock. The conversion price was equal to the offering price of the Company’s common stock. During the year ended December 3 1 , 2014, the Company repaid the principal balance outstanding of $100,000 . Convertible Subordinated Notes, due June 2015 In May 2014 the Company borrowed $330,000 under convertible notes. The notes b ore interest at a stated rate of 8% per annum. The principal amounts of the notes, along with the accrued interest, were both due June 2015. The terms of these notes include s a provision whereby all principal and accrued interest automatically convert ed into the Company’s common stock upon the successful consummation of an IPO . The conversion price was 80% of the per share price at which the Company’s common stock was sold in our IPO. Upon completion of the July 14, 2014 IPO which raised $6,750,000 gross proceeds, the principal amount outstanding of $330,000 was converted into 275,000 shares of common stock. The Company repaid accrued interest totaling $5,017 to the holders of the notes. Series Subordinated Notes Between June 2011 and December 2012, the Company borrowed approximately $7,800,000 utilizing a series of notes (the “Series Notes”). The Series Notes were issued in tranches that contained various terms with regard to maturity dates, interest rates, subordination, conversion features and the number of warrants issued with each tranche. Certain Series Notes contained a Company option to extend the due dates by up to 90 days, as well as provisions for acceleration upon completion of certain financings. In connection with these Series Notes, the Company issued warrants to purchase an aggregate of 780,000 shares of Company common stock at $4.00 per share. These warrants expire in November 2015. During, 2013 the Company borrowed an additional $430,000 , and issued warrants to purchase 35,688 shares, under the same general provisions as the Series Notes. In 2013 all but $863,808 face amount of the Series Notes and $104,096 in accrued interest had been converted into common stock and all but approximately 75,000 of the related warrants were exchanged for common stock. In January 2014 an additional $250,000 in debt and $650,647 in accrued interest were converted into 225,162 share of common stock at a conversion rate of $4.00 per share. (See Note 12) The remaining $613,808 in principal and accrued interest of $100,745 was originally due in December 2014. In December 2014, the Company amended the terms of the note to include monthly installments of $50,000 due December 2014 and additional $50,000 due at the end of each following month through April of 2015, when the remaining principal balance and related accrued interest becomes due. Notes Payable, due February 2015 In December 2013 and January 2014, the Company issued promissory notes for $100,000 and $150,000 , respectively. The notes accrue d interest at a rate of 10% and were originally due the earlier of the Company raising sufficient new funds as determined by the holder or March 31, 2014. In February 2014, the Company entered into an amendment which extended the maturity date of the agreement to February 18, 2015. All other terms of the agreement remained unchanged. During the year ended December 3 1 , 2014, the Company repaid the principal amount outstanding of $250,000 , along with accrued interest totaling $13,233 . During fiscal year 2014 , the Company issued detachable warrants to purchase common stock equal to 25% of the principal amounts under the se notes. The life of the warrants range between three and five years with an exercise price of $3.60 . The total number of shares issuable under the warrants totaled 821,250 related to a total of $ 3,285,000 short term notes issued in consideration for the loans to the Company. Of this total , $2,875,000 and warrants to purchase 718,750 shares relates to two directors of the Company. In addition, of the total warrants issued, warrants to purchase 302,500 shares relates to short term notes, which were converted into equity during 2013. The Company determined the fair value of the warrants to be $573 using the Black-Scholes model. See Note 12 for the inputs used in valuing the warrants using the Black-Scholes model. Notes Payable, due January 2016 In January 2014, the Company assumed notes payable totaling $74,486 related to the acquisition of DE2. The original terms of the notes required repayment on the earlier of January 31, 2016 or the date the Company completes a business combination with an operating company in a reverse merger or reverse takeover transaction or other transaction after which the Company would cease to be a shell company. The reverse merger was completed in February 2014, and the terms of the note were amended to state that the principal and related accrued interest is due the earlier of January 31, 2016 or the date the Company completes one or more private placements of debt or equity securities resulting in aggregate proceeds of $10,000,000 . Note Payable, due August 2021 In August 2014, the Company entered into a 0% interest $192,000 note payable with the State of Minnesota as part of an Angel Loan program fund. There are no financial loan covenants associated with the loan, which has a maturity date of August 2021. The loan contains a provision whereby if the Company transfers more than a majority of its ownership, the loan becomes immediately due, along with a 30% premium amount of the principal balance. In addition, if the Company is more than 30 days past due on any payments owed under the loan, an interest rate of 20% per annum becomes due. Installment Note Payable – Bank In March 2014, the Company entered into an installment note with a bank for a total of $330,020 . The note bears interest at the prime rate plus 1% , but not less than 5% . The note is due on demand ; if no demand is made then the note is due in monthly payments of $9,903 from April 2014 through April 2017. Borrowings are secured by substantially all of the Company’s property and are guaranteed by three of the Company’s d

Employee Benefit Plan

Employee Benefit Plan	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Employee Benefit Plan
Employee Benefit Plan	7. Employee Benefit Plan The Company has a defined contribution 401(k) saving plan covering all employees satisfying certain eligibility requirements. The plan permits, but does not require, Company contributions; the Company did not make any contributions for the three and six months ended June 30, 2015 and 2014 .	7. Employee Benefit Plan The Company has a defined contribution 401(k) saving plan covering all employees satisfying certain eligibility requirements. The plan permits, but does not require, Company contributions; the Company did not make any contributions for the year ended December 31, 2014 and 2013 .

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Commitments and Contingencies
Commitments and Contingencies	8. Commitments and Contingencies Operating Leases The Company leases approximately 22,000 square feet of office space in Chanhassen, Minnesota. The lease commenced on May 1, 2012 and extends through August 31, 2016. In addition to the office space, the Company leases certain office furniture and equipment under operating leases through November 2016. The Company entered into a lease agreement in April 2014 for a total of 1,812 square feet of office space in Dallas, Texas related to the employees retained as part of the acquisition of Select Mobile Money. The lease commenced on May 1, 2014 and extends through June 30, 2017. Rent expense under all leases for the three and six months ended June 30 , 2015 were $125,742 and $252,720 , compared to $74,526 and $135,577 for the same periods in the prior year, respectively. The Company’s office space lease calls for rent increases over the term of the lease. The Company records rent expense on a straight line basis using average rent for the term of the lease. The excess of the expense over cash rent paid is shown as accrued rent. The Company also has various computer leases with three year terms. The Company is recording the expense on a monthly basis. Total future minimum contractual lease payments for all operating leases are as follows: Six months ending December 31, 2015 $ 2016 2017 2018 2019 $ Capital Leases The Company entered into a several capital lease arrangem ent with one of its directors from March 2015 to June of 2015 for certain computer equipment and software licenses with an imputed interest rate of 7.3% per year. The total cost and accumulated amortization included in property and equipment as of June 30 , 2015 totaled approximately $584,000 and $30,000 , re spectively . Amortization of the leased property wa s approximately $30,000 for the three and six months ended June 30 , 2015 and is included in depreciation expense . The Company also entered into a capital lease with a third-party leasing company, which was co-guaranteed by one of its directors for prepaid software licenses. The lease carries an imputed interest rate of 7.3% per year and requires monthly payments of $10,759 per month through July 2017. Future lease payments under capital lease s are as follows: Six Months Ending December 31, 2015 $ 2016 2017 2018 Total payments Less: portion representing interest Principal portion Less: current portion Long-term portion $ Future maturities of capital lease obligations are as follows: Six Months Ending December 31, 2015 $ 2016 2017 2018 $ In February 2015, the Company entered into an agreement with a director, James L. Davis which guarantees financial responsibility for the obligations under the terms of a lease arrangement which he entered into on behalf of the Company. In addition, the Company entered into an agreement with Mr. Davis which provides for the same lease terms as he entered into on behalf of the Company. The three -year lease agreement provides financing up to $500,000 of computer equipment the Company procured for its data centers to accommodate the overall increase in transactions and ensure it is able to meet customer uptime requirements. As consideration to the director for entering into the lease, the Company issued the director a five -year warrant to purchase up to 407,614 shares of common stock at $1.15 per share. The warrant was 100% vested and exercisable upon issuance. In June 2015, Mr. Davis provided his personal guarantee as part of lease the Company entered into with a third-party leasing company totaling approximately $242,000 . As consideration to the director for providing his personal guarantee, the Company issued the director a five -year warrant to purchase up to 241,900 shares of common stock at $.44 per share in June 2015. The warrant was 100% vested and exercisable upon issuance. The Company amortizes the fair value of the warrants over the term of the leases. Litigation An entity named Cachet Banq contacted the Company in December 2010 regarding their U.S. Trademark Registration No. 2,857,465 (registered on June 29, 2004) for the standard character mark CACHET covering “financial services, namely automated clearinghouse processing services for the payroll service industry.” Cachet Banq alleged that the Company’s use of “CACHET” infringes on their federal trademark registration. On March 4, 2013, Cachet Banq filed a trademark infringement lawsuit against the Company in the United States District Court for the Central District of California. The parties have filed cross motions for summary judgment. The initial brief was filed on May 30, 2014, replies were filed on June 26, 2014 and the court took these motions under advisement on July 8, 2014. The Company has denied that its use of the character mark CACHET infringes on Cachet Banq’s purported rights in their mark, and will vigorously defend this and any future similar claims made by Cachet Banq. The Company is not currently involved in any other material legal proceedings. Financial Service Agreements In January 2015, the Company entered into an engagement letter with a new financial advisory services company. The terms of this agreement include a six month term in which the financial advisory services company will assist the Company is completing a $15.0 million public offering of its equity or equity-linked securities at a 7% commission. In addition, the Company agreed to provide the financial advisory services company warrants equal to 7% of the securities issued in the offering at 120% of the price of the securities sold under the offering. The terms of the warrant will be five years from the closing date of the offering. The Company also agreed to reimburse any reasonable out of pocket expenses in connection with this engagement. The agreement is cancelable by either party with a 30 day notice. In June 2015, the Company entered into an additional engagement letter with another financial advisory services company as part of completing PIPE offering. The Company agreed to provide financial advisory for completing an offering at a 5% commission rate. In addition, the Company agreed to provide warrants equal to 7% of the common stock issuable upon conversion of the convertible preferred stock with an exercise price equal to the exercise price of the warrants issued to investors on the completion of the offering.	8. Commitments and Contingencies Operating Leases The Company leases approximately 22,000 square feet of office space in Chanhassen, Minnesota. The lease commenced on May 1, 2012 and extends through August 31, 2016. In addition to the office space, the Company leases certain office furniture and equipment under operating leases through November 2016. The Company entered into a lease agreement in April 2014 for a total of 1,812 square feet of office space in Dallas, Texas related to the employees retained as part of the acquisition of Select Mobile Money. The lease commenced on May 1, 2014 and extends through June 30, 2017. Rent expense under all leases was $441,148 in 2014 and $383,807 in 2013 . The Company’s office space lease calls for rent increases over the term of the lease. The Company records rent expense on a straight line basis using average rent for the term of the lease. The excess of the expense over cash rent paid is shown as accrued rent. The Company also has various computer leases with three year terms. The Company is recording the expense on a monthly basis. Total future minimum contractual lease payments for all operating leases are as follows: Minimum Lease Commitments: 2015 $ 2016 2017 $ Litigation An entity named Cachet Banq contacted the Company in December 2010 regarding their U.S. Trademark Registration No. 2,857,465 (registered on June 29, 2004) for the standard character mark CACHET covering “financial services, namely automated clearinghouse processing services for the payroll service industry.” Cachet Banq alleged that the Company’s use of “CACHET” infringes on their federal trademark registration. On March 4, 2013, Cachet Banq filed a trademark infringement lawsuit against the Company in the United States District Court for the Central District of California. The parties have filed cross motions for summary judgment. The initial brief was filed on May 30, 2014, replies were filed on June 26, 2014 and the court took these motions under advisement on July 8, 2014. The Company has denied that its use of the character mark CACHET infringes on Cachet Banq’s purported rights in their mark, and will vigorously defend this and any future similar claims made by Cachet Banq. The Company is not currently involved in any other material legal proceedings. Financial Service Agreements The Company has an agreement with a financial advisory services company. The agreement contains various provisions including assisting the Company in identifying potential investors. The agreement may require the Company to pay the advisor a monthly fee of cash, warrants or combination thereof, based upon certain defined events including the closing of financing transactions. The agreement also contains a termination provision which requires the Company to pay the advisor for transactions closing subsequent to the agreement termination. The Company amended the agreement on March 25, 2014, to include an additional financial advisory services company. Per the terms of the amended agreement, both investment firms are to provide investment advisory services in connection with raising additional capital for a six month period. The agreement provides for a fixed retainer for advisory services aggregating $100,000 in cash and equity securities. In addition, the agreement provides for a fee based upon the amount of capital raised (the “Agent fee”). The Agent fee is to be paid in cash based upon a percentage and type of the capital raised. The Company has also agreed to sell to the parties to the agreement, at a nominal price, warrants to purchase shares of the Company’s common stock. The number of shares and the exercise price of the warrant are based upon the size and terms of the securities issued. On June 23, 2014, the Company amended the agreement to have $100,000 fee be paid 100% in cash. On August 8, 2014, the Company entered into an agreement with the same financial advisory services company to assist in identifying potential investors with the intent of conducting a private offering of equity. The terms of the agreement include compensation of 8% of any funds raised as well as the issuance of five -year warrants to purchase the Company’s stock equal to 3% of shares issued as part of the offering for a fee of $50 . The exercise price of the warrants is equal to the same provided to the investors as part of the offering. If there are no warrants offered to the investors, the exercise price is equal to the conversion price of the common stock issued in the offering. The Company also agreed to pay a total of $50,000 of legal and other out of pocket expenses incurred from the offering. The term of this agreement is for a period of six months, but may be extended upon mutual consent of the parties. The Company provided a notice of termination to this financial advisory services company in December 2014. No additional fees were owed upon terminating the agreement. In January 2015, the Company entered into an engagement letter with a new financial advisory services company. The terms of this agreement include a six month term in which the financial advisory services company will assist the Company is completing a $15.0 million offering of its equity or equity-linked securities at a 7% commission. In addition, the Company agreed to provide the financial advisory services company warrants equal to 7% of the securities issued in the offering at 120% of the price of the securities sold under the offering. The terms of the warrant will be five years from the closing date of the offering. The Company also agreed to reimburse any reasonable out of pocket expenses in connection with this engagement. The agreement is cancelable by either party with a 30 day notice.

Income Taxes

Income Taxes	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Income Taxes
Income Taxes	9. Income Taxes The Company has not recorded a current or deferred tax provision for the three or six months ended June 30 , 2015 or 2014 due to the Company’s net losses and the uncertainty of realization of any related tax benefit in the future. Due to the full valuation allowance on the Company’s net deferred tax assets, there was no deferred tax benefit or provision recorded as a result of the tax status conversion from an S corporation to a C corporation effective January 1, 2014. The Company recognizes tax liabilities for uncertain income tax positions based on management’s estimate of whether it is more likely than not that additional taxes will be required. The Company had no uncertain tax positions as of June 30 , 2015 or December 31, 2014. It is the Company’s practice to recognize interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense. The Company does not expect any material changes in unrecognized tax positions over the next twelve months.	9. Income Taxes The Company has not recorded a current or deferred tax provision for the year ended December 31, 2014 due to the Company’s net losses and the uncertainty of realization of any related tax benefit in the future. The Company did not record any tax provision for the year ended December 31, 2013 as the Company was an S Corporation and therefore did not pay corporate income taxes. Due to the full valuation allowance on the Company’s net deferred tax assets, there was no deferred tax benefit or provision recorded as a result of the tax status conversion. A reconciliation of our statutory tax expense (benefit) to our actual tax expense (benefit) is as follows: December 31, 2014 Federal statutory rate at 34 percent $ State taxes, net of federal tax expense (benefit) Nondeductible interest Stock-based compensation Nondeductible acquisition costs Nondeductible meals & entertainment Change in valuation allowance The components of our net deferred tax assets and liabilities are as follows: December 31, 2014 Deferred Tax Assets: Non-Current: Net operating loss carry forward $ Definite-lived intangibles Non-qualified stock-based compensation Current: Accounts receivable allowance Accrued expenses Gross deferred tax assets Deferred Tax Liabilities: Non-Current: Amortization of indefinite-lived intangible Property, plant and equipment Gross deferred tax liabilities Net deferred tax assets before valuation allowance Less: valuation allowance Total net deferred tax asset (liability) $ - The valuation allowance for net deferred tax assets as of December 31, 2014 was $4,880,000. In assessing the need for a valuation allowance, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. As of December 31, 2014 the Company had approximate Federal NOL carryforwards of $11,818,000 and various state NOL carryforwards of $6,886,000 . The loss carryforwards for federal tax purposes will expire beginning in 2030. The expiration of the statute of limitations related to the state NOL carryforwards varies by state. The Company is subject to income taxes in the U.S. federal and various state jurisdictions. We are generally subject to U.S. federal and state tax examinations for all years after 2010. Section 382 of the U.S. Internal Revenue Code generally imposes an annual limitation on the amount of net operating loss carryforwards that might be used to offset taxable income when a corporation has undergone significant changes in stock ownership. During 2014 the Company has had significant equity transactions resulting from the reverse merger, IPO, and debt-to-equity conversions. The Company has not yet completed a Section 382 analysis of the net operating loss carryforwards. Consequently, the Company’s NOL carryforwards may be subject to annual limitations under Section 382. The Company recognizes tax liabilities for uncertain income tax positions based on management’s estimate of whether it is more likely than not that additional taxes will be required. The Company had no uncertain tax positions as of December 31, 2014. It is the Company’s practice to recognize interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense. The Company does not expect any material changes in unrecognized tax positions over the next twelve months. The Company has not recorded a current or deferred tax provision for the years ended December 31, 2014 and 2013 respectively. The change in tax status did not impact the deferred tax provision due to the valuation allowance on our net deferred tax assets. In addition, separate state tax information has not been presented as it is considered not material.

Acquisition

Acquisition	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Acquisition
Acquisition	10. Acquisition Acquisition of Select Mobile Money On March 4, 2014, the Company purchased from DeviceFidelty, Inc. (“DFI”), a Texas corporation, certain tangible and intangible assets of a business engaged in the development and provision of technology platforms supporting mobile wallet applications. The acquisition includes strategic relationships with Visa, Mastercard, MoneyGram and Navy Federal Credit Union, the providers of those services to their consumers. The Company believes this capability complements and supports its RDC and mobile deposit business by adding new features and services for consumers, creating an expanded consumer base and target market, and also expands the scope of its potential partners in the FSO market. The software asset the Company purchased included an assignment of a contract with Visa, to provide their customers the Visa endorsed mobile platform. It also includes the first mobile Moneygram implementation and Moneygram’s endorsement of the mobile solution to their customers. The aggregate purchase price of up to $2,125,000 includes $1,125,000 paid at closing and contingent consideration aggregating up to $1,000,000 based on satisfaction of certain performance related contingencies. The performance related contingencies are as follows: (1) $375,000 in the event the Company enters into a new master services agreement or other agreement with Visa U.S.A. Inc. or any affiliate of Visa, (2) $250,000 on or before April 15, 2014 upon the Company’s receipt of written confirmation from MoneyGram Payment Systems, Inc. on or before April 14, 2014 that its service is operational pursuant to a previously executed contract between DFI and MoneyGram, and (3) $375,000 upon the Company’s execution of a contract with U.S. Bank on or before August 1, 2014. The Company received written confirmation from MoneyGram Payment Systems that its service was operational as of April 7, 2014 and the $250,000 was paid in May 2014. The Company also entered into a master services agreement with Visa U.S.A. Inc. in July 2014 resulting in $375,000 of contingent consideration becoming due. The Company made a payment to DFI in July 2014 related to the signing of this contract. The Company received a contract with U.S. Bank in July 2014, resulting in the third and final contingent consideration becoming due of $ 375,000 . The Company made the final installment payment in October 2014. Purchase Price: Cash paid $ Contingent consideration Total purchase price Fair Value of Assets Acquired and Liabilities Assumed Tangible assets acquired: Property and equipment, net $ Total tangible assets acquired Identified intangible assets acquired: Customer contracts Proprietary software Total assets acquired in excess of liabilities assumed Goodwill Total purchase price $ The fair value of assets acquired and liabilities assumed has been determined based upon our estimates of the fair values of assets acquired and liabilities assumed in the acquisition as determined by an independent third-party valuation firm. The Company recorded goodwill because the purchase price exceeded the fair value of net assets acquired, due to Select Mobile Money’s assembled workforce and other intangible assets which do not qualify for separate recognition as well as anticipated synergies to be realized from combining the Select Mobile Money operations with the Company’s. The following tables set forth the unaudited pro forma results of the Company for the three and six months ended June 30, 2015 and 2014 , as if the acquisition had taken place on the first day of the period presented. These combined results are not necessarily indicative of the results that may have been achieved had the companies always been combined: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2015 2014 2015 2014 (unaudited) (unaudited) (unaudited) (unaudited) Revenues $ $ $ $ Net Loss Basic and diluted net loss per common share $ $ $ $ Weighted average shares - basic and diluted	10. Acquisition Acquisition of Select Mobile Money On March 4, 2014, the Company purchased from DeviceFidelty, Inc. (“DFI”), a Texas corporation, certain tangible and intangible assets of a business engaged in the development and provision of technology platforms supporting mobile wallet applications. The acquisition includes strategic relationships with Visa, Mastercard, MoneyGram and Navy Federal Credit Union, the providers of those services to their consumers. The Company believes this capability complements and supports its RDC and mobile deposit business by adding new features and services for consumers, creating an expanded consumer base and target market, and also expands the scope of its potential partners in the FSO market. The software asset the Company purchased included an assignment of a contract with Visa, to provide their customers the Visa endorsed mobile platform. It also includes the first mobile Moneygram implementation and Moneygram’s endorsement of the mobile solution to their customers. The aggregate purchase price of up to $2,125,000 includes $1,125,000 paid at closing and contingent consideration aggregating up to $1,000,000 based on satisfaction of certain performance related contingencies. The performance related contingencies are as follows: (1) $375,000 in the event the Company enters into a new master services agreement or other agreement with a party of Visa U.S.A. Inc. or any affiliate of Visa, (2) $250,000 on or before April 15, 2014 upon the Company’s receipt of written confirmation from MoneyGram Payment Systems, Inc. on or before April 14, 2013 that its service is operational pursuant to a previously executed contract between DFI and MoneyGram, and (3) $375,000 upon the Company’s execution of a contract with U.S. Bank on or before August 1, 2014. The Company received written confirmation from MoneyGram Payment Systems that its service was operational as of April 7, 2014 and the $250,000 was paid in May 2014. The Company also entered into a master services agreement with Visa U.S.A. Inc. in July 2014 resulting in $375,000 of contingent consideration becoming due. The Company made a payment to DFI in July 2014 related to the signing of this contract. The Company received a contract with U.S. Bank in July 2014, resulting in the third and final contingent consideration becoming due of $ 375,000 . The Company made the final installment payment in October 2014. Purchase Price: Cash paid $ Contingent consideration Total purchase price Fair Value of Assets Acquired and Liabilities Assumed Tangible assets acquired: Property and equipment, net $ Total tangible assets acquired Identified intangible assets acquired: Customer contracts Proprietary software Total assets acquired in excess of liabilities assumed Goodwill Total purchase price $ The fair value of assets acquired and liabilities assumed has been determined based upon our estimates of the fair values of assets acquired and liabilities assumed in the acquisition as determined by an independent third-party valuation firm. The Company recorded goodwill because the purchase price exceeded the fair value of net assets acquired, due to S elect Mobile Money ’s assembled workforce and other intangible assets which do not qualify for separate recognition as well as anticipated synergies to be realized from combining the Select Mobile Money operations with the Company’s. The following tables set forth the unaudited pro forma results of the Company for the years ended December 31, 2014 and 2013 , as if the acquisition had taken place on the first day of the period presented. These combined results are not necessarily indicative of the results that may have been achieved had the companies always been combined: Year Ended December 31, December 31, 2014 2013 (unaudited) (unaudited) Revenues $ $ Net Loss $ $ Basic and diluted net loss per common share $ $ Weighted average shares - basic and diluted

Goodwill and Finite Life Intang

Goodwill and Finite Life Intangibles Assets	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Goodwill and Finite Life Intangibles Assets
Goodwill and Finite Life Intangibles Assets	11. Goodwill and Finite Life Intangible Assets The Company assesses the carrying amount of our goodwill for potential impairment annually or more frequently if events or a change in circumstances indicate that impairment may have occurred. The Company performs an impairment test for finite-lived assets, such as intangible assets, and other long-lived assets, such as fixed assets, whenever events or changes in circumstances indicate that the carrying value of such assets may not be recoverable. The Company has only one operating and reporting unit that earns revenues, incurs expenses and makes available discrete financial information for review by the Company’s chief operations decision maker. Accordingly, the Company completes its goodwill impairment testing on this single reporting unit. In conducting the annual impairment test of the Company’s goodwill, qualitative factors are first examined to determine whether the existence of events, or circumstances, indicate that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If it is determined that it is more likely than not that the fair value of the reporting unit is less than its carrying amount, a two-step impairment test is applied. In the first step, the Company calculates the fair value of the reporting unit and compares that amount with the reporting unit’s carrying amount, including goodwill. If the carrying amount exceeds the fair value, the Company performs the second step of measuring the amount of the goodwill impairment loss, if any, by comparing the implied fair value of the reporting unit’s goodwill with the carrying amount of goodwill. This requires performing a hypothetical application of the acquisition method to determine the implied fair value of goodwill after measuring the reporting unit’s identifiable assets and liabilities. Goodwill was $204,000 as of June 30, 2015 . The Company conducted its annual goodwill impairment test as of December 31, 2014 and determined there to be no indication of impairment. The Company will continue to monitor conditions and changes that could indicate an impairment of goodwill. As of June 30, 2015 , the Company determined that no triggering events had occurred since December 31, 2014 and the Company’s finite-lived assets and long-lived assets were not impaired. Identified intangible assets are summarized as follows: Amortizable June 30, 2015 Period Gross Accumulated Net (years) Assets Amortization Assets Customer Contracts 3 - 5 $ $ $ Proprietary Software 3 Total identified intangible assets $ $ $ Amortization expense for identified intangible assets is summarized below: Statement of Three Months Ended Six Months Ended Operations June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Classification Customer Contracts $ $ $ $ Cost of Revenue Proprietary Software Cost of Revenue Total amortization on identified intangible assets $ $ $ $ Based on the identified intangible assets recorded at June 30, 2015 , future amortization expense is expected to be as follows: Six Months Ending December 31, 2015 $ 2016 2017 2018 2019 $	11. Goodwill and Finite Life Intangible Assets The Company assesses the carrying amount of our goodwill for potential impairment annually or more frequently if events or a change in circumstances indicate that impairment may have occurred. The Company performs an impairment test for finite-lived assets, such as intangible assets, and other long-lived assets, such as fixed assets, whenever events or changes in circumstances indicate that the carrying value of such assets may not be recoverable. The Company has only one operating and reporting unit that earns revenues, incurs expenses and makes available discrete financial information for review by the Company’s chief operations decision maker. Accordingly, the Company completes its goodwill impairment testing on this single reporting unit. In conducting the annual impairment test of the Company goodwill, qualitative factors are first examined to determine whether the existence of events, or circumstances, indicate that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If it is determined that it is more likely than not that the fair value of the reporting unit is less than its carrying amount, a two-step impairment test is applied. In the first step, the Company calculates the fair value of the reporting unit and compares that amount with the reporting unit’s carrying amount, including goodwill. If the carrying amount exceeds the fair value, the Company performs the second step of measuring the amount of the goodwill impairment loss, if any, by comparing the implied fair value of the reporting unit’s goodwill with the carrying amount of goodwill. This requires performing a hypothetical application of the acquisition method to determine the implied fair value of goodwill after measuring the reporting unit’s identifiable assets and liabilities. Goodwill was $204,000 as of December 31, 2014 . The Company conduct ed its annual goodwill impairment test as of December 31, 2014 and determined there to be no indication of impairment . T he Company will continue to monitor conditions and changes that could indicate an impairment of goodwill. As of December 31, 2014 , the Company determined that no triggering events had occurred s ince the acquisition date of Select Mobile Money b usiness on March 4, 2014 and the Company’s finite-lived assets and long-lived assets were not impaired. Identified intangible assets are summarized as follows: Amortizable December 31, 2014 Period Gross Accumulated Net (years) Assets Amortization Assets Customer Contracts 3 - 5 $ $ $ Proprietary Software 3 Total identified intangible assets $ $ $ Amortization expense for identified intangible assets is summarized below: Statement of Year Ended Operations December 31, 2014 Classification Customer Contracts $ Cost of Revenue Proprietary Software Cost of Revenue Total amortization on identified intangible assets $ Based on the identified intangible assets recorded at December 31, 2014 , future amortization expense is expected to be as follows: 2015 $ 2016 2017 2018 2019 $

Shareholders' Equity

Shareholders' Equity	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Shareholders' Equity
Shareholders' Equity	12. Shareholders’ Equity Reverse Merger On February 12, 2014, Cachet Financial Solutions (Minnesota) completed a merger transaction with DE Acquisition 2, Inc. (“DE2”), a Delaware corporation and public company with no operations. Pursuant to the terms of the Merger, each share of common stock of Cachet Financial Solutions (Minnesota) that was issued and outstanding at such time was cancelled and converted into 10.9532 (the “exchange ratio”) shares of DE2’s common stock. As a result of the Merger, all of the outstanding warrants and stock options of Cachet Financial Solutions (Minnesota) at the time were converted and exchanged for warrants and stock options of DE2. The number of shares subject to, and the exercise prices of, DE2 convertible securities issued under the exchange was determined by application of the exchange ratio to the terms of the convertible debt and options of Cachet Financial Solutions (Minnesota) outstanding as of the merger date. Subsequently DE2 changed its name to Cachet Financial Solutions, Inc. On dates up to 30 and 120 days following the Merger, additional shares were required to be issued to those DE2 shareholders existing immediately prior to the Merger, for no additional consideration, such that they would hold 3% of the fully diluted shares of the Company outstanding as of those dates. Accordingly, as of the 120 th day following the Merger, the Company issued an additional 32,484 shares to the shareholders of DE2. The fair value of estimated consideration paid to DE2 in exchange for the 3% interest was estimated to be $507,000 plus the long term debt assumed of $85,105 . As DE2 had no tangible or identifiable intangible assets at the time of the Merger, and recognition of goodwill is not permitted in this type of merger transaction, no assets were recorded as a result of the Merger. On March 18, 2014, the Company completed a reverse stock split of the Company’s issued and outstanding common stock on a 1 -for-10.9532 basis. The Company’s authorized capital consists of 500,000,000 shares of $.0001 par value common stock and 20,000,000 shares of preferred stock. Convertible Preferred Stock During 2014, the Company issued 2,229,702 shares of Series A Convertible Preferred Stock at $1.50 per share and issued five -year warrants to purchase an aggregate of 2,229,702 shares of its common stock at a per-share price of $2.00 (since adjusted to $0.4816 per share). Net proceeds to the Company after offering costs were $3.0 million. During the first quarter of 2015 , the Company issued (i) 9,000 shares of Series A Convertible Preferred Stock at $1.50 per share and issued five -year warrants to purchase an aggregate of 9,000 shares of its common stock at a per-share price of $2.00 (since adjusted to $0.4816 per share) and (ii) 2,065,891 shares of Series B Convertible Preferred Stock at $1.15 per share and issued five -year warrants to purchase an aggregate of 2,065,891 shares of its common stock at a per-share price of $1.15 (since adjusted to $0.4816 per share) . Net proceeds to the Company after offering costs were approximately $2.2 million, including the cancellation of $250,000 in debt held by Michael J. Hanson, one of our directors. In February 2015, all 2,238,702 outstanding Series A preferred shares were converted into 2,920,039 shares of the Company’s common stock, while all 2,065,891 outstanding Series B preferred shares converted into 2,065,891 shares of the Company’s common stock. In addition, the Company issued 74,765 shares of common stock to the Series A and B convertible preferred holders related to the 8% dividend accrued through the conversion date. None of the investors in this offering were deemed affiliates of the Company, except for one of our directors, Michael J. Hanson. Both the Series A Convertible Preferred Stock and the Series B Convertible preferred stock entitled their holders to an 8% per annum dividend , payable quarterly in cash or in kind (or a combination of both) as determined by the Company. Subject to certain customary exceptions, our Series A Convertible Preferred Stock had full-ratchet conversion price protection in the event that the Company issued common stock below the conversion price, as adjusted, until the earlier of (i) 180 days from the closing or (ii) such time as the Company shall have obtained, after the closing, financing aggregating to at least $5 million. The warrants issued to purchasers of the Series A Convertible Preferred Stock contain similar full-ratchet exercise price protection in the event that the Company issues common stock below the exercise price, as adjusted, again subject to certain customary exceptions. On February 3, 2015, the Company issued the Series B Convertible Preferred Stock at $1.15 per share, resulting in an adjustment to (i) the conversion price of the Series A Convertible Preferred Stock from $1.50 per share to $1.15 per share and (ii) and the exercise price of the warrants issued therewith, from $2.00 per share to $1.15 per share (since adjusted to $0.4816 per share) . Since the Company has now raised an aggregate of more than $5 million, these full-ratchet price protections can no longer be triggered. Upon any liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, the holders of the preferred stock would have been entitled to receive out of the assets, whether capital or surplus, of the Company an amount equal to the Stated Value (as defined in the Company’s Certificate of Designation for the applicable series of preferred stock), plus any accrued and unpaid dividends thereon and any other fees or liquidated damages then due and owing thereon under the applicable Certificate of Designation, for each share of Series A and B Preferred Stock, before any distribution or payment would have been made to the holders of any Junior Securities (as defined in the Company’s Certificate of Designation for the applicable series of preferred stock), and would not have participated with the holders of Common Stock or other Junior Securities thereafter. If the assets of the Company had been insufficient to pay in full such amounts, then the entire assets distributed to the holders would have been ratably distributed among the holders in accordance with the respective amounts that would have been payable on such shares if all amounts payable thereon had been paid in full. In June 2015, the Company issued an aggregate of 44,030 shares of Series C Convertible Preferred Stock at $100.00 per share and issued five -year warrants to purchase an aggregate of 10,057,119 shares of its common stock at a per-share price of $0.4816 in a private placement. Total (cash and non-cash) gross proceeds to the Company were $4,403,000 . Gross proceeds to the Company in the form of cash were $2,951,000 . Gross proceeds to the Company in the form of promissory notes payable within 150 days were $950,000 . These promissory notes were provided by James L. Davis and Michael J. Hanson, both of whom are directors of the Company. The Company also issued 2,000 and 3,020 shares of the Series C Preferred to James L. Davis and Michael J. Hanson, respectively, in exchange for the cancellation of Company debt in the amount of $200,000 and $302,000 held by them. The Series C Preferred Stock entitles its holders to a 10% per annum dividend, payable quarterly in cash or in additional shares of Series C Preferred Stock (or a combination of both) as determined by the Company, and may be converted to Cachet common stock at the option of a holder at an initial conversion price of $0.4378 per share. The Series C Preferred Stock will automatically convert into common stock upon the occurrence of any of the following: (a) an underwritten public offering of shares of the Company’s common stock providing at least $10 million in gross proceeds, (b) the Company’s common stock closing price being greater than 100% above the conversion price then in effect for at least 40 of 60 consecutive trading days, (c) four years after the closing of the offering of the Series C Preferred Stock, or (d) the written consent of holders representing 50% of the issued and outstanding Series C Preferred Stock. The holders of the Series C Preferred Stock will be entitled to vote their shares on an as-converted basis and will be entitled to a liquidation preference equal to the stated value (i.e., purchase price) of their shares plus any accrued stock but unpaid dividends thereon. Common Stock During the six months ended June 30, 2014 , the Company issued 456,486 shares of common stock to the shareholder of DE2 as consideration for completing the reverse merger described above. In addition, the Company issued a total of 332,028 shares of commons stock to a member of the Board of Directors as part of consideration for the promissory note provided to the Company to finance the acquisition of Select Mobile Money from Device Fidelity. In January 2014, $986,793 of debt and accumulated interest was converted into 246,867 shares of common stock. The Company did not provide a share premium to those debt holders that converted in January 2014. During the six months ended June 30, 2015 , the Company exchanged warrants to purchase 19,692 shares of common stock with an exercise price of $4.00 for 3,938 shares of common stock. The Company recorded $7,906 in other expense which represents the excess of the fair value of the stock issued and the fair value of the warrants as determined using the Black-Scholes option pricing model. In connection with the offer and sale of the Series C Preferred Stock, the Company issued additional shares of the Company’s common stock totaling 8,232,628 to former holders of the Company’s series A and B preferred stock (all of which has been converted to common stock), such that following the issuance of such shares, such holders will have received the same number of shares of the Company’s common stock in total as they would have received upon conversion of the series A and B preferred stock if the conversion price for the series A and B preferred stock had been the same as the initial conversion price under the Series C Preferred Stock. The Company granted the recipients of these shares the same registration rights as are provided in Series C Preferred Stock holders. As a result, the Company recognized expense totaling $3,704,682 during the three and six months ended June 30, 2015. Warrants In addition to warrants issued in connection with debt described above, the following are transactions involving issuance of warrants during the six months ended June 30, 2015 and 2014 : In January 2014, the Company issued warrants to purchase common stock equal to 25% of the principal amounts under certain short term notes payable. The life of the warrants ranges between three and five years with an exercise price of $3.60 . The total number of shares issuable under the warrants totaled 821,250 related to a total of $3,285,000 short term notes issued by the Company from March 2013 to February 2014. Of this total, $2,875,000 or 718,750 of the shares issuable under the warrants, relates to two directors of the Company. In April 2014, the exercise price of the warrants was adjusted to $1.40 per share. In May 2014, the Company entered into an agreement to issue 50,000 five -year warrants to a consulting firm providing professional services upon the completion of an IPO. An additional 30,000 warrants may be issued upon achieving certain performance goals agreed to between the Company and the consulting firm. The exercise price of the warrants is set to equal the price of the shares offered in the Company’s IPO. The Company will recognize the fair value of the 50,000 warrants issued in the third quarter of 2014 and the other 30,000 warrants upon achieving the performance goals. In June 2015, the Company modified the price of the 50,000 warrant to $0.45 per share resulting in an incremental fair value of $4,587 . In addition, the Company issued 30,000 five -year warrants at $0.45 per share with a fair value totaling $2,787 . The Company recognized expense totaling $7,374 for the three and six months ended June 30, 2015. In January 2015, the Company issued three individual investors warrants to purchase 75,000 share s of common stock as part of an agreement. The warrants have a life of 10 years, an exercise price of $ 1.40 per share and were fully exercisable upon the date of issuance. The Company recorded $11,238 in other expense during the six months ended June 3 0 , 2015, which represents the fair value of the warrants as determined using the Black-Scholes option pricing model. In February 2015, the Company issued a five -year warrant for the purchase up to 407,614 shares of common stock at $1.15 (adjusted to $0.4816 ) per share to a director of the Company in consideration for the director leasing certain IT equipment to the Company. The total fair value of the warrant as determined using the Black-Scholes option pricing model totaled $76,489 . This amount is being expensed over the three year lease term. In June 2015, the exercise price of the warrant was reduced to $0.4816 and modified to the same terms provided to the warrants issued in the Series C Preferred Stock offering. The incremental fair value of the modification totaled $28,578 and is being amortized over the three year lease term. Also in June 2015, the Company provided the director a five year warrant to purchase 241,900 shares of common stock at a price of $0.44 as consideration for providing his guarantee on lease. The fair value of the warrant on the date of issuance totaled approximately $22,000 and is being amortized over the two year lease term. During the six months ended June 3 0 , 2015, the Company issued five -year warrants to purchase 9,000 shares of the commo n stock at a per share price of $2.00 (since adjusted to $ 0 . 4816 per share) as part of issuing 9,000 shares of Series A Convertible Preferred Stock. Additionally, the Company issued five -year warrants to purchase 2,065,891 shares of common stock at a per share price of $1.15 (since adjusted to $0.4816) as part of issuing 2,065,891 shares of Series B Convertible Preferred Stock . Since the Company exceeded the $5.0 million of gross proceeds threshold in February 2015, the full-ratchet provisions provided in the terms of the warrants expired and at which time the warrant liability was classified to additional paid in capital. The Company also issued five -year warrants to purchase 10,057,119 shares of the common stock at a per share price of $0.4816 as part of issuing 44,030 shares of Series C Convertible Preferred Stock. In addition, the Company modified the terms of the warrants issued in the Series A & B Convertible Stock offering to the same terms offered to the warrant holders in the Series C offering. After the modification, the terms of the warrant holders in the Series A, B & C Preferred Stock offering all have full-ratchet and anti-dilution protection, the Company recognized the value of the warrants as determined using the Black-Scholes option pricing model totaling $2,083,487 for the three and six months ended June 30, 2015. The warrant liability related to the warrants issued to the Series A, B & C Preferred holders as of June 30, 2015 totaled $2,083,487 . In connection with the private placement of securities of the Company during the six months ended June 3 0 , 2015, the Company issued its placement agents five -year warrants for the purchase of a total o f 270 shares of common stock at $2.00 per share, 109,931 shares of common stock at $1.15 ( 73,940 since adjusted to $0.4816 ) per share, 703,99 7 shares of common stock at $0.4816 per share and 241,746 shares of common stock at $0.5254 per share. In connection with the offer and sale of Series C Preferred Stock, the Company also agreed to amend the warrants to purchase the Company’s common stock held by former holders of the Company’s series A and B preferred stock to contain the same anti-dilution protections that are contained in the warrants issued in connection with the offer and sale of the Series C Preferred Stock. In addition, the exercise price of the warrants issued to the former series A and B preferred stock holders was reduced from $1.15 to $0.4816 . In addition, the Company agreed to amend the warrants issued to Scarsdale Equities LLC in connection with the Series B offering to reduce the exercise price from $1.15 to $0.4816 . A former senior lender received a warrant to purchase 76,228 shares of Company common stock at $9.00 per share. The warrant expires in October 2017. The exercise price of the warrant is subject to downward adjustment in the event of the subsequent sale of common stock or convertible debt at a lower price, as defined, prior to exercise of the warrant. As a result of this provision, the Company determined that the warrant should be accounted for as a liability carried at fair value. In June 2015, the exercise price was adjusted to $0.35 and the number of shares of Company common stock to be acquired was increased to 1,960,143 based on the Series C Preferred offering. The Company determined the value of the warrant to be $427,000 and $146,000 at June 30, 2015 and December 31, 2014, respectively. The fair value of the warrants was determined using the Black-Scholes option pricing model and the following assumptions for the three and six months ended June 30, 2015 and 2014 : Both Periods Expected term 1.5 - 5 Years Expected dividend 0 Volatility 26% - 38% Risk-free interest rate 0.25% - 1.37%	12. Shareholders’ Equity Reverse Merger On February 12, 2014, the Company completed a merger transaction with DE Acquisition 2, Inc. (“DE2”), a public company with no operations. Pursuant to the terms of the merger, each share of the Company’s common stock that was issued and outstanding at such time was cancelled and converted into 10.9532 (the “exchange ratio”) shares of DE2’s common stock. As a result of the merger, all of the Company’s outstanding warrants and stock options at the time were converted and exchanged for warrants and stock options of DE2. The number of shares subject to and exercise prices of DE2 convertible securities issued under the exchange was determined by application of the exchange ratio to the terms of the Cachet convertible debt and options outstanding as of the Merger date. Subsequently DE2 changed its name to Cachet Financial Solutions, Inc. O n dates up to 30 and 120 days following the merger, additional shares were required to be issued to those DE2 shareholders existing immediately prior to the merger, for no additional consideration, such that they would hold 3% of the fully diluted shares outstanding as of those dates. Accordingly, a s of the 120 th day following the merger acquisition, the Company issued an additional 32,484 shares to the shareholders of DE2. The fair value of estimated consideration paid to DE2 in exchange for the 3% interest was estimated to be $507,000 plus the long term debt assumed of $85,105 . As DE2 had no tangible or identifiable intangible assets at the time of the Merger, and recognition of goodwill is not permitted in this type of merger transaction, no assets were recorded as a result of the Merger. On March 18, 2014, the Company completed a reverse stock split of the Company’s issued and outstanding common stock on a 1 -f or-10.9532 basis. T he Company’s authorized capital consists of 500,000,000 shares of $.0001 par value common stock and 20,000,000 shares of preferred stock. Convertible Preferred Stock During 2014 , the Company issued 2,229,702 shares of Series A Convertible Preferred Stock at $1.50 per share and issued five -year warrants to purchase an aggregate of 2,229,702 shares of its common stock at a per-share price of $2.00 (since adjusted to $1.15 per share). Net proceeds to the Company after offering costs were $3.0 million. Between December 31, 2014 and the date of this report, the Company issued (i) 9,000 shares of Series A Convertible Preferred Stock at $1.50 per share and issued five -year warrants to purchase an aggregate of 9,000 shares of its common stock at a per-share price of $2.00 (since adjusted to $1.15 per share) and (ii) 2,065,891 shares of Series B Convertible Preferred Stock at $1.15 per share and issued five -year warrants to purchase an aggregate of 2,065,891 shares of its common stock at a per-share price of $1.15 . Net proceeds to the Company after offering costs were approximately $2.2 million, including the cancellation of $250,000 in debt held by Michael J. Hanson, one of our directors. In February 2015, all 2,238,702 outstanding Series A preferred shares were converted into 2,920,039 shares of the Company’s common stock, while all 2,065,891 outstanding Series B preferred shares converted into 2,065,891 shares of the Company’s common stock. In addition, the Company issued 74,765 shares of common stock to the Series A and B convertible preferred holders related to the 8% dividend accrued through the conversion date. None of the investors in this offering were deemed affiliates of the Company, except for one of our directors, Michael J. Hanson. Both the Series A Convertible Preferred Stock and the Series B Convertible preferred stock entitle d their holders to an 8% per annum dividend , payable quarterly in cash or in kind (or a combination of both) as determined by the Company. Subject to certain customary exceptions, our Series A Convertible Preferred Stock had full-ratchet conversion price protection in the event that the Company issued common stock below the conversion price, as adjusted, until the earlier of (i) 180 days from the closing or (ii) such time as the Company shall have obtained, after the closing, financing aggregating to at least $5 million. The warrants issued to purchasers of the Series A Convertible Preferred Stock contain similar full-ratchet exercise price protection in the event that the Company issues common stock below the exercise price, as adjusted, again subject to certain customary exceptions. On February 3, 2015, the Company issued the Series B Convertible Preferred Stock at $1.15 per share, resulting in an adjustment to (i) the conversion price of the Series A Convertible Preferred Stock from $1.50 per share to $1.15 per share and (ii) and the exercise price of the warrants issued therewith, from $2.00 per share to $1.15 per share. Since the Company has now raised an aggregate of more than $5 million, these full-ratchet price protections can no longer be triggered. Upon any liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, the h olders of the preferred stock would have been entitled to receive out of the assets, whether capital or surplus, of the Company an amount equal to the Stated Value (as defined in the Company’s Certificate of Designation for the applicable series of preferred stock) , plus any accrued and unpaid dividends thereon and any other fees or liquidated damages then due and owing thereon under the applicable Certificate of Designation, for each share of Series A and B Preferred Stock, before any distribution or payment would have been made to the holders of any Junior Securities (as defined in the Company’s Certificate of Designation for the applicable series of preferred stock) , and would not have participate d with the holders of Common Stock or other Junior Securities thereafter. If the assets of the Company had been in sufficient to pay in full such amounts, then the entire assets distributed to the h olders would have been ratably distributed among the h olders in accordance with the respective amounts that would have been payable on such shares if all amounts paya ble thereon had been paid in full. Common Stock The estimated fair value assigned to shares issued for other than cash was based upon recent cash sales transactions. During the year ended December 31, 2013 the Company issued 319,000 shares of common stock at $4.00 per share for gross proceeds of $1,276,000. During the year ended December 31, 2014 , the Company also issued 488,970 shares of common stock to the shareholder of DE2 as consideration for completing the reverse merger described above. In addition, the Company issued a total of 382,809 shares of commons stock to a member of the Board of Directors as part of consideration for the promissory note provided to the Company to finance the acquisition of Select Mobile Money from DeviceFidelity and also issued 4,500,000 shares of common stock at $1.50 per share for gross proceeds of $6,750,000 from the IPO completed on July 14, 2014. In addition, the Company issued a consultant 2,222 shares of common stock as consideration for identifying prospective investors. The Company recognized $3,000 of expense associated with fair value of this common stock issued during fiscal year 2014. In February 2013, the Company offered to convert debt, plus accumulated interest, into shares of the Company’s common stock. To encourage conversion the Company agreed to provide the debt holders a 10% share premium. As a result, $6,744,139 of debt and accumulated interest was converted into 1,854,638 shares of common stock and the value of the premium shares of $674,414 was recorded as an expense during the year ended December 31, 2013 . Included in this conversion is $1.1 million of conversions by a former d irector. In June 2013, a lender converted $140,000 of notes into 35,000 shares of common stock. In January 2014, an additional $986,793 of debt and accumulated interest was converted into 246,867 shares of common stock. The Company did not provide a share premium to those debt holders that converte d in June 2013 or January 2014. Concurrent with the conversion of the those notes, the Board of Directors determined that it was in the best interest of the Company to adjust the conversion rates for former noteholders that had previously converted or purchased shares at $9.00 per share. An adjustment was made to reduce their conversion rate or purchase price, as applicable, to $4.00 per share. As a result, the Company issued an additional 427,619 shares with a fair value of $1,710,475 which was recorded in other expense during the year ended December 31, 2013 in the statement of operations. In November 2013, the Company offered to exchange 1 share of common stock for every 5 warrants outstanding. As a result 389,790 shares were issued and warrants to purchase 1,948,948 common shares were cancelled. At the time of the exchange, the fair value of the shares issued exceeded the fair value of the warrants by $681,189 which was recorded in other expense in the 2013 statement of operations. In July 2014, the Company completed its IPO resulting in $6,301,241 of debt and accumulated interest converting into 5,139,169 shares of common stock. During the year ended December 31, 2014 , the Company exchanged warrants to purchase 19,692 shares of common stock with an exercise price of $4.00 for 3,938 shares of common stock. The Company recorded $7,906 in other expense which represents the excess of the fair value of the stock issued and the fair value of the warrants as determined using the Black-Scholes option pricing model. In addition, the Company issued a total of 382,809 shares of common stock to a d irector related to the loan for the Company’s acquisition of Select Mobile Money during the year ended December 31, 2014 . Warrants In addition to warrants issued in connection with debt described above, the following are transactions involving issuance of warrants during the year ended December 31, 2014 and 2013 : During fiscal 2013, three directors guaranteed the note payable – bank each providing a guarantee of up to $1,041,000 . Each director received a warrant with an aggregate fair value of approximately $1,191,000 to purchase 78,125 share of the Company’s common stock for providing their guarantees. In addition, a director received a warrant with a fair value of approximately $389,000 to purchase 76,560 shares of Company common stock in exchange for his pledge of certain personal assets to secure the $1,105,000 loan provided under the bank credit facility. In consideration for his incremental guarantee of that asset pledge, another director received a warrant with a fair value of approximately $42,100 to purchase 8,291 shares. In February 2013, the Company issued warrants with a fair value of approximately $205,000 to purchase 281,250 shares of the Company’s common stock at $4.00 per share and expiring November 2017 to a d irector for the d irector guaranteeing the Senior Secured Note Payable. In addition to the warrants issued in February 2013 above, and those issued in connection with debt as described in Note 6, the Company issued warrants to purchase 232,450 shares of common stock with an exercise price ranging from $4.00 to $5.00 in conjunction with other debt, guarantees, issuances of equity and financing costs . These warrants had a fair value of approximately $157,000 . These warrants were all exchanged for shares in November 2013 described above. In January 2014, the Company issued detachable warrants to purchase common stock equal to 25% of the principal amounts under the short term notes payable. The life of the warrants range s between three and five years with an exercise price of $3.60 . The total number of shares issuable under the warrants totaled 821,250 related to a total of $3,285,000 short term notes issued by the Company from March 2013 to February 2014. Of this total, $2,875,000 or 718,750 of the shares issuable under the warrants, relates to two d irectors of the Company. In addition, of the total warrants issued, 302,500 of the shares issuable under the warrants relates to short term notes, which were converted into equity during 2013. The Company determined the fair value of the warrants to be $573 using the Black-Scholes option pricing model. In May 2014, the Company entered into an agreement to issue five -year warrants to purchase 50,000 shares of common stock to a consulting firm providing professional services , upon the completion of an IPO. Additional w arrant s to purchase 30,000 shares of common stock could be issued upon achieving certain performance goals agreed to between the Company and the consulting firm. The exercise price of the warrants was set to equal the price of the shares offered in the Company’s IPO of $1.50 per-share. The Company recognized expense of $20,611 in 2014 related to the fair value of warrants to purchase 50,000 shares of common stock issued in July 2014. The fair value for the other 30,000 warrants will be recognized upon achieving the performance goals. In July 2014, the Company issued five -year warrants to purchase shares of its common stock totaling 3,289,086 at an exercise price equal to 125% of the IPO price or $1.88 as a result of providing warrants on $5.1 million of the $6.3 million of debt and accumulated interest that converted as of this date. W arrants to purchase 2,583,333 shares of common stock were issued as part of an inducement to convert the debt into equity. In December 2014, we entered into an Amendment to Conversion Agreement with two of our directors, effective June 17, 2014. Under the amendment the number of shares to be covered by warrants to be received by the two directors as part of converting debt as outlined in the Conversion Agreement upon the successful completion of our IPO was clarified. Specifically, (i) Michael Hanson received warrants to purchase 438,161 shares of common stock and (ii) James Davis received warrants to purchase 591,432 shares of common stock, which in each case equals 100% of the number of shares of common stock received by Hanson and Davis under the Conversion Agreement. The amendment also reflects that the warrants have an exercise price of $2.00 per share and a five -year term. The Company recognized a non-cash expense during the year ended December 31 , 2014 of approximately $46,000 which represented the fair value of the warrants determined using the Black-Scholes option pricing model. Effective December 2014, the Company entered into an agreement with an investor which provided for the exchange of 162,662 shares of common stock for a five -year warrant to purchase up to 325,324 shares of common stock at a per-share price of $1.50 . A total of $590,320 , representing the difference between the fair value of the stock on the issuance date of $650,647 and the fair value of the warrant issued using the Black-Scholes model of $60,327 , was recorded as a reduction to additional paid in capital and accumulated deficit. As mentioned above, the Company issued five -year warrants to purchase 2,229,702 shares of the Company’s stock at a per share price of $2.00 (since adjusted to $1.15 per share) as part of issuing 2,229,702 shares of Series A Convertible Preferred Stock. As of December 31, 2014, t he Company account ed for the warrants as a liability on the consolidated balance sheet at their estimated fair value because the warrants ha d full-ratchet conversion price protection in t he event that the Company issued common stock below the conversion price, as adjusted . The Company determined the fair value of the warrants as of December 31 , 2014 to be $163,570 based on the Black-Scholes option pricing model. Subsequent to December 31, 2014, the Company issued five -year warrants to purchase 9,000 shares of the Company stock at a per share price of $ 2.00 (since adjusted to $ 1.15 per share) as part of issuing 9,000 shares of Series A Convertible Preferred Stock. Additionally, the Company issued five -year warrants to purchase 2,065,891 shares of Company’s stock at a per share price of $ 1.15 as part of issuing 2,065,891 shares of Series B Convertible Preferred Stock. Since the Company exceeded the $ 5.0 million of gross proceeds threshold in February 2015, the full-ratchet provisions provided in the terms of the warrants expired. In connection with the private placement of the securities, the Company issued the placement agent a five -year warrant for the purchase of up to 100,224 shares of common stock at $2.00 per share during fiscal year 2014 . Since December 31, 2014, the Company issued additional five -year warrants to the placement agents to purchase a total of 109,931 shares of common stock at $1.15 per share. In February 2015, the Company issued a five -year warrant for the purchase up to 407,614 shares of common stock at $1.15 per share to a director of the Company for providing a personal guarantee on a lease (See Note 16 “Subsequent Events”). The following is a summary of warrant activity for 2014 and 201 3 : Number of Weighted Shares Issuable Weighted Avg. Remaining Under Warrants Exercise Price Life (Years) Balance, December 31, 2012 $ Issued Exchanged for shares Balance, December 31, 2013 Issued Balance, December 31, 2014 The fair value of the warrants was determined using the Black-Scholes option pricing model and the following assumptions for the years ended December 31, 2014 and 2013 : Both Periods Expected term 1.5 - 5 Years Expected dividend 0 Volatility 26% - 38% Risk-free interest rate 0.12% - 1.14%

Stock-Based Compensation and Be

Stock-Based Compensation and Benefit Plans	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Stock-Based Compensation and Benefit Plans
Stock-Based Compensation and Benefit Plans	13. Stock-Based Compensation and Benefit Plans On February 9, 2010, the board of directors of Cachet Minnesota adopted the 2010 Equity Incentive Plan (2010 EIP). The plan was approved by Cachet Minnesota’s shareholders. Participants in the plan may include employees, officers, directors, consultants, and independent contractors. As of June 30, 2015 , the number of shares of common stock reserved for issuance under the 2010 EIP was 625,000 shares. On February 12, 2014, the board of directors of the Company approved the assumption of the 2010 EIP as part of the reverse merger transaction with DE2; however it was agreed that no new grants would be made from the 2010 EIP. On this same date the board of directors of the Company adopted the 2014 Equity Incentive Plan (the “2014 EIP”) covering an aggregate of 1,521,621 shares of common stock. The 2014 EIP will be administered by the Company’s Board of Directors or an authorized committee. The Company’s Chief Executive Officer may, on a discretionary basis and without committee review or approval, grant non-qualified (non-statutory) stock options for up to 100,000 common shares to new employees of the Company who are not officers of the Company during each fiscal year. Incentives under the plan may be granted in one or a combination of the following forms: (a) non-statutory stock options (no incentive stock options may be issued, because the plan was not submitted to and approved by our stockholders); (b) stock appreciation rights; (c) stock awards; (d) restricted stock; (e) restricted stock units; and (f) performance shares. Eligible participants include officers and employees of the company, members of the Board of Directors, and consultants or other independent contractors. No person is eligible to receive grants of stock options and SARs under the plan with respect to more than 100,000 shares of common stock in any one year, in the aggregate. The term of each stock option shall be determined by the board or committee, but shall not exceed ten years. Vested stock options may be exercised in whole or part by the holder giving notice to the Company. Options under the 2014 EIP may provide for the holder of the option to make payment of the exercise price by surrender of shares equal in value to the exercise price. Options granted to employees generally vest over two to three years. Stock awards granted to non-employee directors generally vest 50% on the grant date and 50% on the first anniversary of the date of the grant. Options generally expire five years from the date of grant. During the three and six months ended June 30 , 2015, the Company issued options to purchase 93,000 and 558,000 shares , respectively, with exercise prices ranging from $0.75 to $1.50 per share . The aggregate fair value of options granted totaled approximately $16,000 and $100,000 for three and six months ended June 30, 2015 . Of those options, options issued to executive management and directors outside of the 2014 EIP plan covered 295,000 shares and vest 1/3 rd on date of grant and 1/3 rd each of the first two anniversary dates thereafter. A total of 40,000 options issued to a director vested 100% on the grant date in January 2015. In April 2014, the Company issued 110,000 options to an executive at an exercise price of $4.00 . The Company determined the fair value of the options to be $93,089 using the Black-Scholes option pricing model and was expensed one-third on date of grant and the other two-thirds over the two year anniversary periods. As of June 30 , 2015, the Company had options outstanding with respect to a total of 629,000 shares granted under the 2014 EIP. As of this date, the 2010 EIP had outstanding stock options issued to employees totaling 129,250 shares. The Company had also issued outside of the EIP plans options with respect to 1,965,000 shares of common stock to directors, certain officers and business consultants. Stock Compensation Expense Information FASB ASC 718-10 requires measurement and recognition of compensation expense for all stock-based payments including warrants, stock options, restricted stock grants and stock bonuses based on estimated fair values. Compensation expense recognized for the issuance of warrants, stock options, restricted stock grants and stock bonuses for the three and six months ended June 30, 2015 and 2014 was as follows: Three Months Ended Six Months Ended June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Stock-based compensation costs included in: Cost of revenue $ $ $ $ Sales and marketing expenses Research and development expenses General and administrative expenses Total stock-based compensation expense $ $ $ $ As of June 30, 2015 the total compensation cost related to unvested options awards not yet recognized was $131,254 . That cost will be recognized over a weighted average period of 1.3 years . There were no options exercised during the three and six months ended June 30, 2015 and 2014 . The estimated fair values of stock options granted and assumptions used for the Black-Scholes option pricing model were as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2015 2014 2015 2014 Estimated Fair Value $ $ $ $ Shares Issuable Under Options Granted Expected Term 3 Years 3 Years 2 to 3 Years 3 Years Expected Dividend % % % % Volatility % % 26% to 30 % % Risk Free Interest Rate 0.86% to 0.91 % % 0.22% to 1.07 % % The Company calculates the estimated expected life based upon historical exercise data. The risk-free interest rate assumption is based on observed interest rates appropriate for the term of the Company’s stock options. The Company estimates the volatility of its common stock at the date of grant based on the volatility of comparable peer companies that are publicly traded for periods prior to its public offering. Subsequent to the Company’s public offering, the Company includes its actual common stock trading to compute volatility. The dividend yield assumption is based on the Company’s history and expectation of no future dividend payouts. The Company has used an expected life of two to three years for the term of the options. The Company estimates forfeitures when recognizing compensation expense and this estimate of forfeitures is adjusted over the requisite service period based on the extent to which actual forfeitures differ, or are expected to differ, from such estimates. Changes in estimated forfeitures are recognized through a cumulative catch-up adjustment, which is recognized in the period of change, and also impacts the amount of unamortized compensation expense to be recognized in future periods. 2014 Associate Stock Purchase Plan In September 2014, the Company’s Board of Directors approved the 2014 Associate Stock Purchase Plan, under which 500,000 shares were reserved for purchase by the Company’s associates (employees). The Company has one year from September 2014 to obtain Shareholder approval for the plan to qualify for favorable tax treatment under IRS Section 422. The purchase price of the shares under the plan is 85% of the lesser of the fair market value of a share of common stock on the first day of the offering period or the fair market value of a share of common stock on the last day of the offering period. Offering periods are every six months ending on June 30 and December 31. Associates may designate up to ten percent of their compensation for the purchase of shares under t he plan. The most recent p lan period started on January 1, 2015 and ended on June 3 0, 2015 . Total common shares purchased during the plan period ended June 30, 2015 was 72,360 shares at a price per share of $0.4675 .	13. Stock-Based Compensation and Benefit Plans On February 9, 2010, the b oard of d irectors adopted the 2010 Equity Incentive Plan (2010 EIP). The plan was approved by its shareholders. Participants in the plan include its employees, officers, d irectors, consultants, or independent contractors . As of December 31, 2014 , the number of shares of common stock reserved for issuance under the 2010 EIP was 625,000 shares. On February 12, 2014, the Board of Directors approved the assumption of the 2010 EIP as part of the reverse merger transaction with DE2; however it was agreed that no new grants would be made from this plan. On this same date the b oard of d irectors adopted the 2014 Equity Incentive Plan (2014 EIP) with an aggregate of 1,524,327 shares of common stock, $0.0001 par value per share. The plan will be administered by the Company’s Board of Directors or an authorized committee. The Company’s Chief Executive Officer may, on a discretionary basis and without committee review or approval, grant non-qualified (non-statutory) stock options for up to 100,000 common shares to new employees of the Company who are not officers of the Company during each fiscal year. Incentives under the plan may be granted in one or a combination of the following forms: (a) non-statutory stock options (no incentive stock options may be issued, because the plan was not submitted to and approved by our stockholders); (b) stock appreciation rights; (c) stock awards; (d) restricted stock; (e) restricted stock units; and (f) performance shares. Eligible participants include officers and employees of the company, members of the Board of Directors, and consultants or other independent contractors. No person is eligible to receive grants of stock options and SARs under the plan that exceed, in the aggregate, 100,000 shares of common stock in any one year. The term of each stock option shall be determined by the board or committee, but shall not exceed ten years. Vested stock options may be exercised in whole or part by the holder giving notice to the Company. Options under the plan may provide for the holder of the option to make payment of the exercise price by surrender of shares equal in value to the exercise price. The plan expires on February 12, 2020. Options granted to employees generally vest over two to three years. Stock awards granted to non-employee d irectors generally vest 50% on the grant date and 50% on the first anniversary of the date of the grant. Options expire five years from the date of grant. In February 2013 the Board of Directors approved an adjustment to the exercise price of all outstanding employee stock options that had been issued at a price greater than $4.00 per share. The vesting period for these options was unchanged. The aggregate excess of the fair value of the $4.00 options over the $9.00 options on the date of modification was $236,000 . As a result of this modification the Company recorded additional share-based compensation expense of $119,000 for the vested portion of those options immediately, and the remaining $117,000 will be recognized over the remaining vesting term . the year ended December 31, 2013 , the Company originally issued options to purchase 330,470 shares with exercise prices ranging from $4.00 to $9.00 per share and an aggregate fair value of approximately $306,000 . Of those options, options issued to executive management to purchase 250,000 shares were 100% vested immediately. In December 2014, the Board of Directors approved an adjustment to the exercise price of options to purchase 455,000 shares with an exercise price of $4.00 per share to $1.50 per share. The vesting for these options was unchanged. The aggregate excess of fair value of the $1.50 options over the $4.00 options on the date of the modification was approximately $42,000 . As a result of this modification the Company recorded additional share-based compensation expense of approximately $36,000 for the vested portion of those options immediately, and the remaining $6,000 will be recognized over the remaining vesting term through March 2016. During the year ended December 31 , 2014, the Company issued options to purchase 2,004,420 shares to its directors, executive s and associates of the Company at a weighted average exercise price of $1.50 . The Company determined the fair value of the options granted to be $ 339,671 for the fiscal year ended December 31 , 2014 using the Black-Scholes option pricing model . Of the stock options granted, options with respect to 337,750 shares are being expensed one third on date of grant and the other two thirds over the two anniversary periods and options with respect to 1,665,670 shares were expensed 50% on date of grant and 50% on a straight-line basis over a one year period. As of December 31 , 2014, the Company had options with respect to a total of 698,420 shares granted under the 2014 EIP. As of this date, the 2010 EIP had outstanding stock options issued to employees totaling 255,167 shares. The Company had also issued outside of the EIP plans options with respect to 1,750,000 shares of Company common stock to d irectors, certain officers and business consultants. Stock Compensation Expense Information FASB ASC 718-10 requires measurement and recognition of compensation expense for all stock-based payments including warrants, stock options, restricted stock grants and stock bonuses based on estimated fair values. Compensation expense recognized for the issuance of warrants, stock options, restricted stock grants and stock bonuses for the years ended December 31, 2014 and 2013 was as follows: Year Ended December 31, 2014 December 31, 2013 Stock-based compensation costs included in: Cost of revenue $ $ Sales and marketing expenses Research and development expenses General and administrative expenses Total stock-based compensation expense $ $ As of December 31, 2014 the total compensation cost related to un vested options awards not yet recognized was $178,934 . That cost will be recognized over a weighted average period of 7.6 months. There were no options exercised during the years ended December 31, 2014 and 2013 . The estimated fair values of stock options granted and assumptions used for the Black-Scholes option pricing model were as follows: Year Ended December 31, December 31, 2014 2013 Estimated Fair Value $ $ Shares Issuable Under Options Granted Expected Term 2 to 3 Years 3 Years Expected Dividend - % - % Volatility 27% to 29 % 30% to 33 % Risk Free Interest Rate 0.22% to 1.00 % 0.34% to 0.90 % Following is a summary of stock option activity in 2014: Weighted Number of Remaining Shares Issuable Weighted Avg. Contractual Intrinsic Under Options Exercise Price Life (Years) Value Balance, December 31, 2012 $ Granted Exercised Forfeited or Expired Balance, December 31, 2013 * $ Granted * Exercised - - Forfeited or Expired Balance, December 31, 2014 * $ Exercisable at December 31, 2014 * $ * Reflects the February 2014 and December 2014 exercise price adjustment. Information with respect to common stock options outstanding and exercisable at December 31, 2014: Stock Options Outstanding Options Exercisable Range of Exercise Price Number of Options Weighted Average Remaining Contractual Life Weighted Average Exercise Price Aggregate Intrinsic Value Options Exercisable Weighted Average Exercise Price Aggregate Intrinsic Value $ 0.80 $ $ $ $ $1.35 to $1.60 — — $ 4.00 — — $ $ $ $ The Company calculates the estimated expected life based upon historical exercise data. The risk-free interest rate assumption is based on observed interest rates appropriate for the term of the Company’s stock options. The Company estimates the volatility of its common stock at the date of grant based on the volatility of comparable peer companies that are publicly traded for periods prior to its public offering. The dividend yield assumption is based on the Company’s history and expectation of no future dividend payouts. The Company has used an expected life of two to three years for the term of the options. As only a minimal number of options have been exercised, management has made an estimate of an average life that is slightly longer than the vesting period. The Company estimates forfeitures when recognizing compensation expense and this estimate of forfeitures is adjusted over the requisite service period based on the extent to which actual forfeitures differ, or are expected to differ, from such estimates. Changes in estimated forfeitures are recognized through a cumulative catch-up adjustment, which is recognized in the period of change, and also impact s the amount of unamortized compensation expense to be recognized in future periods. 2014 Associate Stock Purchase Plan In September 2014, the Company’s Board of Directors approved the 2014 Associate Stock Purchase Plan, under which 500,000 shares were reserved for purchase by the Company’s associates (employees). The Company has one year from September 2014 to obtain Shareholder approval for the plan to qualify for favorable tax treatment under IRS Section 422. The purchase price of the shares under the plan is the lesser of 85% of the fair market value on the first or last day of the offering period. Offering periods are every six months ending on June 30 and December 31. Associates may designate up to ten percent of their compensation for the purchase of shares under the plan. The first plan period starts on September 1, 2014 and ends December 31, 2014. The total number of shares purchased for the plan period ended December 31, 2014 totaled 40,560 .

Related Party Transactions

Related Party Transactions	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Related Party Transactions
Related Party Transactions	14. Related Party Transactions Balances with related parties consisting of members of the Board of Directors (no Company debt or warrants are held by the Company’s executive officers) for borrowings and warrants were as follows: As of June 30, December 31, 2015 2014 Debt held by related parties $ $ Warrants held by related parties Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2015 2014 2015 2014 Interest paid to related parties $ $ — $ $ — Related party interest expense	14. Related Party Transactions Balances with related parties consisting of members of the Board of Directors (collectively Affiliates) for borrowings and warrants were as follows: As of December 31, December 31, 2014 2013 Debt held by related parties $ $ Warrants held by related parties Year Ended December 31, December 31, 2014 2013 Interest paid to related parties $ $ Related party interest expense $ $

Concentrations

Concentrations	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Concentrations
Concentrations	15. Concentrations The Company continues to rely on vendors to provide technology and licensing components that are critical to its solutions. In addition, the Company engaged a development firm located in Toronto, Canada beginning in March 2014 to augment its software development efforts. During the three and six months ended June 30 , 2015, the Company expensed a total of approximately $287,000 and $582,000 , representing 15% for both periods o f its total supplier expenditures. In addition, fees incurred related to a financial advisor in relation to the PIPE offerings completed in June 2015 represented 12% of supplier expenditures during the three months ended June 30, 2015. The two financial advisory firms who assisted the Company in completing the PIPE offerings during the first half of 2015 each represented 25% and 12% of our overall accounts payable balance as June 30 , 2015. Additionally, the development firm represented 10% and the Company’s outside legal firm represented 16% of the Company’s accounts payable balance as of June 30, 2015. No one customer represented for more than 10% of the Company’s revenue for the three or six months ended June 30, 2015 or 2014. The Company had two customers who accounted for 25% and 12% of its outstanding accounts receivable balance at June 30, 2015 . N o customer accounted for more than 10% of its outstanding accounts receivable balance at December 31, 2014.	15. Concentrations The Company continues to rely on vendors to provide technology and licensing components that are critical to its solutions . In addition, the Company engaged a development firm located in Toronto, Canada beginning in March 2014 to augment its software development efforts. During the year ended December 31, 2014, the Company expensed a total of $679,481 , representing 10.1% of its total supplier expenditures. As of December 31, 2014, the Company had total payables of $98,384 owed to the development firm, representing 13.2% of its accounts payable balance. No customer accounted for more than 10% of the Company’s revenue for the years ended December 31, 2014 or 2013. Also, no customer accounted for more than 10% of its outstanding accounts receivable balance at December 31, 2014 or 2013.

Subsequent Events

Subsequent Events	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Subsequent Events
Subsequent Events	16. Subsequent Events Amendment to Line of Credit In July 2015, the Company amended the terms of the line of credit with a director. The outstanding balance of $1,000,000 due date has been modified to January 31, 2016. All other terms of the agreement remained the same.	16. Subsequent Events Addendum to Financing Commitment Letter In February 2015, the Company entered into an addendum to the financing commitment letter dated as of July 30, 2014 with our directors James L. Davis and Michael J. Hanson, under which addendum Messrs. Davis and Hanson agreed to extend from January 31, 2015 to January 31, 2016 the maturity date for the repayment of principal advanced under the commitment letter ($450,000) , plus interest. Under the addendum, interest will continue to accrue from the date of advance at the rate of 10% per annum. As part of the amendment, the directors did not renew the remaining amount available under the original terms of the financial commitment letter. Guarantee of Lease by a Director In February 2015, the Company entered into an agreement with a director, James L. Davis which guarantees financial responsibility for the obligations under the terms of a lease arrangement which he entered into on behalf of the Company. In addition, the Company entered into an agreement with Mr. Davis which provides for the same lease terms as he entered into on behalf of the Company. The lease agreement provides financing up to $500,000 of IT equipment the Company anticipates procuring for its data centers to accommodate the overall increase in transactions and ensure it is able to meet customer uptime requirements. As consideration to the director for providing his guarantee, the Company issued the director a five -year warrant to purchase up to 407,614 shares of common stock at $1.15 per share. The warrant was 100% vested and exercisable upon issuance. Executive Employment and Board of Directors On January 5, 2015, the Company appointed Bruce Whitmore to serve as its Chief Information Officer and Executive Vice President. Mr. Whitmore’s employment with the Company commence d according to the terms of an employment offer letter and e xecutive e mployment a greement effective January 5, 2015 (the “Employment Agreement”). The term of the Employment Agreement is for one year with automatic annual renewals. Under the Employment Agreement, Mr. Whitmore will receive an annualized base salary of $197,550 , in accordance with the Company’s standard payroll practices, and is eligible for performance-based cash bonuses in the discretion of Company’s b oard of d irectors and its compensation committee. In addition, Mr. Whitmore has been offered the Company’s standard employee benefits for health, dental and life and disability ins urance. As contemplated by the E mployment A greement, on January 5, 2015, the Company grant ed to Mr. Whitmore a stock option for the purchase of up to 175,000 shares at a price of $1.50 per share under its current stock incentive plan. A total of 58,333 shares purchasable under the option vest ed immediately on January 5, 2015, 58,333 shares will vest on January 5, 2016 and the remaining 58,334 shares will vest on January 5, 2017, so long as Mr. Whitmore remains an employee of the Company . On January 21, 2015, Terril H. Peterson resigned from the board of directors of the Company. The Company does not believe that Mr. Peterson’s resignation was caused by any disagreement with the Company or any of its executive officers or with respect to any matter relating to the Company’s operations, policies or practices . On February 12, 2015, the Company appointed Rod Jardine as a director of our Company. In connection with his election, the Board approved the issuance to Mr. Jardine of options to purchase 120,000 shares of the Company’s common stock, at an exercise price equal to $1.00 per share, outside of the Company’s 2014 Equity Incentive Plan. These options vest one -third on the date of grant and one -third on the first two anniversaries of the grant date, and have a 5 year term from the grant date. Amendment of Warrants On April 13, 2015, the Company’s board of directors amended the exercise price of warrants issued on January 14, 2014 to the note holders who provided short-term financing. The number of shares covered by warrants issued totaled 821,250 which previously had an exercise price of $3.60 . The amendment reduced the exercise price to $1.40 . All other terms of the warrants remained the same. Notes Payable Since December 31, 2014, the Company borrowed $310,000 each from directors , Mr. Hanson and Mr. Davis. The loans are unsecured at a stated interest rate of 10% and mature on June 3 0 , 2015 .

Nature of Operations and Summ24

Nature of Operations and Summary of Significant Accounting Policies (Policies)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Nature of Operations and Summary of Significant Accounting Policies
Revenue Recognition	Revenue Recognition The Company generates revenue from the following sources: (1) subscription and support fees (2) transaction volume fees, (3) active monthly user fees for mobile wallet offering (4) fees related to the implementation of RDC and mobile wallet software for clients, and (5) professional services such as client specific software customization and other products and services. The Company’s arrangements do not contain general rights of return. The Company’s subscription arrangements do not provide customers with the right to take possession of the SaaS technology platform and, as a result, are accounted for as service arrangements. The Company records revenue net of any sales or excise taxes. The Company commences revenue recognition for its SaaS technology platform and professional services when all of the following criteria are met: there is persuasive evidence of an arrangement; the service has been or is being provided to the customer; collection of the fees is reasonably assured; and the amount of fees to be paid by the customer is fixed or determinable. Subscription and Support Revenue Subscription and support revenue is primarily derived from customers accessing the SaaS technology platform and includes subscription, support, transaction volume fees and active user fees for mobile wallet offering. Subscription and support revenue is recognized ratably over the contracted term of each respective subscription agreement, commencing on the date the service is provisioned to the customer, provided the four revenue recognition criteria have been satisfied. Transaction volume fees are recognized as transactions are processed and monthly services performed and active user fees for mobile wallet offering revenue is recognized on a monthly basis as earned provided the four revenue recognition criteria have been satisfied. Professional Services and Other Revenue Professional services include implementation services, development of interfaces requested by customers, assistance with integration of the Company’s services with the customers’ applications, dedicated support, and advisory services to customers who choose to develop their own interfaces and applications. Professional services are typically performed within three to six months of entering into an arrangement with the customer. Professional services are typically sold on a fixed-fee basis, but are offered on a time-and-material basis as well. Revenue for time-and-material arrangements is recognized as the services are performed. Revenue for fixed-fee arrangements is recognized under the proportional performance method of accounting as the Company has developed a history of accurately estimating activity. The Company uses labor hours incurred to the end of each reporting period compared to the total estimated labor hours as an input based measure of performance under customer arrangements. The Company believes labor hours incurred is materially representative of the value delivered to the customer at any point in time during the performance of the service. Professional services are not considered essential to the functionality of the SaaS offering. Implementation Fees The implementation fees are recognized over the term of the contract or expected life of the contract where no contractual term exists. Generally, client agreements are entered into for 12 to 36 months. A majority of the implementation service component of the arrangement with customers is performed within 120 days of entering into a contract with the customer. Multiple Element Arrangements The Company enters into multiple element arrangements in which a customer may purchase a subscription and professional services. For arrangements with multiple deliverables, the Company evaluates whether the individual deliverables qualify as separate units of accounting. In order to treat deliverables in a multiple element arrangement as separate units of accounting, the deliverables must have standalone value upon delivery. If the deliverables have standalone value upon delivery, the Company accounts for each deliverable separately and revenue is recognized for the respective deliverables as they are delivered. If one or more of the deliverables does not have standalone value upon delivery, the deliverables that do not have standalone value are combined with the final deliverable within the arrangement and treated as a single unit of accounting. Subscription and support contracts have standalone value as the Company sells subscriptions and support separately. In determining whether professional services can be accounted for separately from subscription and support services, the Company considers the availability of the professional services from other vendors, the nature of its professional services and whether the Company sells its applications to new customers without professional services. Based on these considerations the Company assessed that its professional services have standalone value. The Company determines the selling price for each element based on the selling price hierarchy of: (i) vendor-specific objective evidence (“VSOE”) of fair value, (ii) third-party evidence (“TPE”), and (iii) estimated selling price (“ESP”). The Company is unable to establish VSOE for any of its services, as the Company has not historically priced its services with sufficient consistency. The Company is also unable to establish TPE, as the Company does not have sufficient information regarding pricing of third-party subscription and professional services similar to its offerings. As a result, the Company has developed estimates of selling prices based on margins established by senior management as the targets in the Company’s selling and pricing strategies after considering the nature of the services, the economic and competitive environment, and the nature and magnitude of the costs incurred. The amount of arrangement fee allocated is limited by contingent revenue, if any. Deferred Revenue Deferred revenue consists of billings and payments received in advance of revenue recognition from the Company’s subscription and support offerings as described above and is recognized as the revenue recognition criteria are met. For subscription agreements, the Company typically invoices its customers in monthly or annual fixed installments. Accordingly, the deferred revenue balance does not represent the total contract value of these multi-year subscription agreements. Deferred revenue also includes certain deferred professional services fees, which are recognized in accordance with the Company’s revenue recognition policy. The portion of deferred revenue the Company expects to recognize during the succeeding 12-month period is recorded as current deferred revenue, and the remaining portion is recorded as noncurrent.	Revenue Recognition The Company generates revenue from the following sources: (1) subscription and support fees (2) transaction volume fees, (3) active monthly user fees for mobile wallet offering (4) fees related to the implementation of RDC and mobile wallet software for clients, and (5) professional services such as client specific software customization and other products and services. The Company’s arrangements do not contain general rights of return. The Company’s subscription arrangements do not provide customers with the right to take possession of the SaaS technology platform and, as a result, are accounted for as service arrangements. The Company records revenue net of any sales or excise taxes. The Company commences revenue recognition for its SaaS technology platform and professional services when all of the following criteria are met: · there is persuasive evidence of an arrangement; · the service has been or is being provided to the customer; · collection of the fees is reasonably assured; and · the amount of fees to be paid by the customer is fixed or determinable. Subscription and Support Revenue Subscription and support revenue is primarily derived from customers accessing the SaaS technology platform and includes subscription, support, transaction volume fees and active user fees for mobile wallet offering. Subscription and support revenue is recognized ratably over the contracted term of each respective subscription agreement, commencing on the date the service is provisioned to the customer, provided the four revenue recognition criteria have been satisfied. Transaction volume fees are recognized as transactions are processed and monthly services performed and active user fees for mobile wallet offering revenue is recognized on a monthly basis as earned provided the four revenue recognition criteria have been satisfied. Professional Services and Other Revenue Professional services include implementation services, development of interfaces requested by customers, assistance with integration of the Company’s services with the customers’ applications, dedicated support, and advisory services to customers who choose to develop their own interfaces and applications. Professional services are typically performed within three to six months of entering into an arrangement with the customer. Professional services are typically sold on a fixed-fee basis, but are offered on a time-and-material basis as well. Revenue for time-and-material arrangements is recognized as the services are performed. Revenue for fixed-fee arrangements is recognized under the proportional performance method of accounting as the Company has developed a history of accurately estimating activity. The Company uses labor hours incurred to the end of each reporting period compared to the total estimated labor hours as an input based measure of performance under customer arrangements. The Company believes labor hours incurred is materially representative of the value delivered to the customer at any point in time during the performance of the service. Professional services are not considered essential to the functionality of the SaaS offering. Implementation Fees The implementation fees are recognized over the term of the contract or expected life of the contract where no contractual term exists. Generally, client agreements are entered into for 12 to 36 months. A majority of the implementation service component of the arrangement with customers is performed within 120 days of entering into a contract with the customer. Multiple Element Arrangements The Company enters into multiple element arrangements in which a customer may purchase a subscription and professional services. For arrangements with multiple deliverables, the Company evaluates whether the individual deliverables qualify as separate units of accounting. In order to treat deliverables in a multiple element arrangement as separate units of accounting, the deliverables must have standalone value upon delivery. If the deliverables have standalone value upon delivery, the Company accounts for each deliverable separately and revenue is recognized for the respective deliverables as they are delivered. If one or more of the deliverables does not have standalone value upon delivery, the deliverables that do not have standalone value are combined with the final deliverable within the arrangement and treated as a single unit of accounting. Subscription and support contracts have standalone value as the Company sells subscriptions and support separately. In determining whether professional services can be accounted for separately from subscription and support services, the Company considers the availability of the professional services from other vendors, the nature of its professional services and whether the Company sells its applications to new customers without professional services. Based on these considerations the Company assessed that its professional services have standalone value. The Company determines the selling price for each element based on the selling price hierarchy of: (i) vendor-specific objective evidence (“VSOE”) of fair value, (ii) third-party evidence (“TPE”), and (iii) estimated selling price (“ESP”). The Company is unable to establish VSOE for any of its services, as the Company has not historically priced its services with sufficient consistency. The Company is also unable to establish TPE, as the Company does not have sufficient information regarding pricing of third-party subscription and professional services similar to its offerings. As a result, the Company has developed estimates of selling prices based on margins established by senior management as the targets in the Company’s selling and pricing strategies after considering the nature of the services, the economic and competitive environment, and the nature and magnitude of the costs incurred. The amount of arrangement fee allocated is limited by contingent revenue, if any. Deferred Revenue Deferred revenue consists of billings and payments received in advance of revenue recognition from the Company’s subscription and support offerings as described above and is recognized as the revenue recognition criteria are met. For subscription agreements, the Company typically invoices its customers in monthly or annual fixed installments. Accordingly, the deferred revenue balance does not represent the total contract value of these multi-year subscription agreements. Deferred revenue also includes certain deferred professional services fees, which are recognized in accordance with the Company’s revenue recognition policy. The portion of deferred revenue the Company expects to recognize during the succeeding 12-month period is recorded as current deferred revenue, and the remaining portion is recorded as noncurrent.
Cost of Revenue	Cost of Revenue Cost of revenue primarily consists of costs related to hosting the Company’s cloud-based application, providing customer support, data communications expense, salaries and benefits of operations and support personnel, software development fees, software license fees, amortization expense associated with acquired developed technology assets, and property and equipment depreciation.	Cost of Revenue Cost of revenue primarily consists of costs related to hosting the Company’s cloud-based application, providing customer support, data communications expense, salaries and benefits of operations and support personnel, software development fees, software license fees, amortization expense associated with acquired developed technology assets, and property and equipment depreciation.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash and cash equivalents are maintained at one financial institution and, at times, balances may exceed federally insured limits. The Company has never experienced any losses related to these balances and does not believe it is exposed to any significant credit risk on cash and cash equivalents.	Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash and cash equivalents are maintained at one financial institution and, at times, balances may exceed federally insured limits. The Company has never experienced any losses related to these balances and does not believe it is exposed to any significant credit risk on cash and cash equivalents.
Accounts Receivable	Accounts Receivable Accounts receivable represent amounts due from customers. Management determines the allowance for doubtful accounts by regularly evaluating individual customer receivables and considering a customer’s financial condition, credit history and current economic conditions. Accounts receivable are written off when deemed uncollectible. Recoveries of accounts receivable previously written off are recorded when received. The allowance for doubtful accounts was approximately $15,000 and $25,000 as of June 30, 2015 and December 31, 2014 , respectively. Concentrations of credit risk with respect to accounts receivable are limited because a large number of geographically diverse customers make up the Company’s customer base, thus spreading the credit risk.	Accounts Receivable Accounts receivable represent amounts due from customers. Management determines the allowance for doubtful accounts by regularly evaluating individual customer receivables and considering a customer’s financial condition, credit history and current economic conditions. Accounts receivable are written off when deemed uncollectible. Recoveries of accounts receivable previously written off are recorded when received. The allowance for doubtful accounts was approximately $25,000 and $89,000 as of December 31, 2014 and December 31, 2013 , respectively. Concentrations of credit risk with respect to accounts receivable are limited because a large number of geographically diverse customers make up the Company’s customer base, thus spreading the credit risk.
Property and Equipment	Property and Equipment Depreciation and amortization is computed using the straight-line method over the following estimated useful lives: Computer and Data Center Equipment 3 years Purchased and Acquired software 3 years Leasehold Improvements 3 - 5 years, or lease term if less Furniture and fixtures 7 years Major additions and improvements are capitalized, while replacements, maintenance and repairs, which do not improve or extend the life of the respective assets, are expensed as incurred. When assets are retired or otherwise disposed of, related costs and accumulated depreciation and amortization are removed and any gain or loss is reported.	Property and Equipment Depreciation and amortization is computed using the straight-line method over the following estimated useful lives: Computer and Data Center Equipment 3 years Purchased and Acquired software 3 years Leasehold Improvements 3 - 5 years, or lease term if less Furniture and fixtures 7 years Major additions and improvements are capitalized, while replacements, maintenance and repairs, which do not improve or extend the life of the respective assets, are expensed as incurred. When assets are retired or otherwise disposed of, related costs and accumulated depreciation and amortization are removed and any gain or loss is reported.
Goodwill	Goodwill Goodwill represents the excess purchase price over the appraised value of the portion of identifiable assets that were acquired from the DeviceFidelity Inc. acquisition completed in March 2014. Goodwill is not amortized but is reviewed at least annually for impairment, or between annual dates if circumstances change that would more likely than not cause impairment. Management performs its annual impairment test at the close of each fiscal year, and considers several factors in evaluating goodwill for impairment, including the Company’s current financial position and results, general economic and industry conditions and legal and regulatory conditions.	Goodwill Goodwill represents the excess purchase price over the appraised value of the portion of identifiable assets that were acquired from the DeviceFidelity Inc. acquisition completed in March 2014. Goodwill is not amortized but is reviewed at least annually for impairment, or between annual dates if circumstances change that would more likely than not cause impairment. Management performs its annual impairment test at the close of each fiscal year, and considers several factors in evaluating goodwill for impairment, including the Company’s current financial position and results, general economic and industry conditions and legal and regulatory conditions. No impairment of goodwill was identified for the years ended December 31, 2014 and 2013 . See Note 11 for further discussion.
Impairment of Long-lived Assets, Including License Agreements	Impairment of Long-lived Assets, Including License Agreements The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets.	Impairment of Long-lived Assets, Including License Agreements The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. The Company did not identify any impairment events or circumstances during the year ended December 31, 2014 or December 31, 2013 .
Deferred Financing Costs	Deferred Financing Costs Deferred financing costs are capitalized and amortized over the lives of the related debt agreements. The costs are amortized to interest expense using the effective interest method. In the event debt is converted or paid prior to maturity, any unamortized issuance costs are charged to expense.	Deferred Financing Costs Deferred financing costs are capitalized and amortized over the lives of the related debt agreements. The costs are amortized to interest expense using the effective interest method. In the event debt is converted or paid prior to maturity, any unamortized issuance costs are charged to expense.
Advertising Costs		Advertising Costs Advertising costs are expensed as incurred and are included in sales and marketing expense on the accompanying statements of operations. During the years ended December 31, 2014 and 2013, advertising costs totaled $15,888 and $15,495 , respectively.
Deferred Commissions	Deferred Commissions The Company capitalizes commission costs that are incremental and directly related to the acquisition of customer contracts. Commission costs are capitalized and amortized over the term of the related customer contract.	Deferred Commissions The Company capitalizes commission costs that are incremental and directly related to the acquisition of customer contracts. Commission costs are capitalized and amortized over the term of the related customer contract.
Net Loss Per Common Share	Net Loss Per Common Share Basic and diluted net loss per common share for all periods presented is computed by dividing the net loss available to common shareholders by the weighted average common shares outstanding and common stock equivalents, when dilutive. Potentially dilutive common stock equivalents include common shares issued pursuant to stock warrants, stock options, convertible preferred stock and convertible note agreements. Common stock equivalents were not included in determining the fully diluted loss per share as they were antidilutive. On February 12, 2014, Cachet Financial Solutions (Minnesota) completed a merger transaction (the “Merger”) with DE Acquisition 2, Inc. (“DE2”), a Delaware corporation and public company with no operations. Pursuant to the terms of the Merger, each share of common stock of Cachet Financial Solutions (Minnesota) that was issued and outstanding at such time was cancelled and converted into 10.9532 (the “exchange ratio”) shares of DE2’s common stock. Subsequently DE2 changed its name to Cachet Financial Solutions, Inc. On March 18, 2014, the Company completed a reverse stock split of its issued and outstanding common stock on a 1- for-10.9532 basis. The Company’s authorized capital shares previous to this transaction consisted of 22,500,000 shares of $.01 par value common stock and 2,500,000 shares of preferred stock. As a result of the DE 2 transaction, the Company’s new authorized capital consists of 500,000,000 shares of $.0001 par value common stock and 20,000,000 shares of preferred stock. All amounts in the accompanying financial statements and notes related to shares, share prices and loss per share reflect retrospective presentation of the reverse split. The following table reflects the amounts used in determining loss per share: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2015 2014 2015 2014 Net Loss Attributable to Common Shareholders $ $ $ $ Weighted average common shares outstanding Net loss per common share – basic and diluted $ $ $ $ The following potential common shares were excluded from the calculation of diluted loss per share from continuing operations and diluted net loss per share attributable to common stockholders because their effect would have been anti-dilutive for the periods presented: As of June 30, June 30, 2015 2014 Convertible Preferred Stock - Stock Options Warrants	Net Loss Per Common Share Basic and diluted net loss per common share for all periods presented is computed by dividing the net loss available to common shareholders by the weighted average common shares outstanding and common stock equivalents, when dilutive. Potentially dilutive common stock equivalents include common shares issued pursuant to stock warrants, stock options, convertible preferred stock and convertible note agreements. Common stock equivalents were not included in determining the fully diluted loss per share as they were antidilutive. On February 12, 2014, the Company completed a merger transaction with DE Acquisition 2, Inc. (“DE2”), a public company with no operations. Pursuant to the terms of the merger, each share of the Company’s common stock that was issued and outstanding at such time was cancelled and converted into 10.9532 (the “exchange ratio”) shares of DE2’s common stock. On March 18, 2014, the Company completed a reverse stock split of the Company’s issued and outstanding common stock on a 1- for-10.9532 basis. The Company’s authorized capital shares previous to this transaction consisted of 22,500,000 shares of $.01 par value common stock and 2,500,000 shares of preferred stock. As a result of the DE 2 transaction, the Company’s new authorized capital consists of 500,000,000 shares of $.0001 par value common stock and 20,000,000 shares of preferred stock. All amounts in the accompanying financial statements and notes related to shares, share prices and loss per share reflect retrospective presentation of the reverse split. The following table reflects the amounts used in determining loss per share: Year Ended December 31, December 31, 2014 2013 Net loss $ $ Less: Cumulative unpaid preferred stock dividends — Net Loss attributable to common stockholders Weighted average common shares outstanding Net loss per common share – basic and diluted $ $ The following potential common shares were excluded from the calculation of diluted loss per share from continuing operations and diluted net loss per share attributable to common stockholders because their effect would have been anti-dilutive for the periods presented: As of December 31, December 31, 2014 2013 Convertible Preferred Stock - Stock Options Warrants
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company uses fair value measurements to record fair value adjustments for certain financial instruments and to determine fair value disclosures. Warrants issued with price protection features are recorded at fair value on a recurring basis. The carrying value of cash and cash equivalents, accounts receivable and accounts payable approximated fair value due to the short maturity of those instruments. With respect to determination of fair values of financial instruments there are the following three levels of inputs: Level 1 Inputs– Quoted prices for identical instruments in active markets. Level 2 Inputs– Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 Inputs– Instruments with primarily unobservable value drivers. The warrants that are carried at fair value are valued using level 3 inputs utilizing a Black-Scholes option pricing model under probability weighted estimated outcomes.	Fair Value of Financial Instruments The Company uses fair value measurements to record fair value adjustments for certain financial instruments and to determine fair value disclosures. Warrants issued with price protection features are recorded at fair value on a recurring basis. The carrying value of cash and cash equivalents, accounts receivable and accounts payable approximated fair value due to the short maturity of those instruments. With respect to determination of fair values of financial instruments there are the following three levels of inputs: Level 1 Inputs– Quoted prices for identical instruments in active markets. Level 2 Inputs– Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 Inputs– Instruments with primarily unobservable value drivers. The warrants that are carried at fair value are valued using level 3 inputs utilizing a Black-Scholes option pricing model under probability weighted estimated outcomes.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that may affect certain reported amounts and disclosures in the consolidated financial statements. Actual results could differ from those estimates. Significant estimates include the Company’s ability to continue as a going concern, allowance for doubtful accounts, assumptions used to value stock options and warrants, conversion incentive and share purchase price adjustment, and the value of shares of common stock issued for services.	Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that may affect certain reported amounts and disclosures in the consolidated financial statements. Actual results could differ from those estimates. Significant estimates include the Company’s ability to continue as a going concern, allowance for doubtful accounts, assumptions used to value stock options and warrants, conversion incentive and share purchase price adjustment, and the value of shares of common stock issued for services.
Stock-Based Compensation	Stock-Based Compensation The Company accounts for stock-based compensation using the estimated fair values of warrants and stock options. For purposes of determining the estimated fair values the Company uses the Black-Scholes option pricing model. For the periods prior to the Company’s common stock being traded, the Company estimated the volatility of its common stock at the date of grant based on the volatility of comparable peer companies which are publicly traded; for later periods, the Company includes its actual common stock trading to compute volatility. The Company determines the expected life based on historical experience with similar awards, giving consideration to the contractual terms, vesting schedules and post-vesting forfeitures. The Company uses the risk-free interest rate on the implied yield currently available on U.S. Treasury issues with an equivalent remaining term approximately equal to the expected life of the award. The Company has never paid any cash dividends on its common stock and does not anticipate paying any cash dividends in the foreseeable future. Compensation expense for all share-based payment awards is recognized using the straight-line amortization method over the vesting period. The fair values of stock award grants are determined based on the number of shares granted and estimated fair value of the Company’s common stock on the date of grant.	Stock-Based Compensation The Company accounts for stock-based compensation using the estimated fair values of warrants and stock options. For purposes of determining the estimated fair values the Company uses the Black-Scholes option pricing model. For the periods prior to the Company’s common stock being traded, the Company estimated the volatility of its common stock at the date of grant based on the volatility of comparable peer companies which are publicly traded; for later periods, the Company uses its actual common stock trading to compute volatility. The Company determines the expected life based on historical experience with similar awards, giving consideration to the contractual terms, vesting schedules and post-vesting forfeitures. The Company uses the risk-free interest rate on the implied yield currently available on U.S. Treasury issues with an equivalent remaining term approximately equal to the expected life of the award. The Company has never paid any cash dividends on its common stock and does not anticipate paying any cash dividends in the foreseeable future. Compensation expense for all share-based payment awards is recognized using the straight-line amortization method over the vesting period. The fair values of stock award grants are determined based on the number of shares granted and estimated fair value of the Company’s common stock on the date of grant.
Research and Development Costs	Research and Development Costs The Company considers those costs incurred in developing new processes and solutions to be research and development costs and they are expensed as incurred.	Research and Development Costs The Company considers those costs incurred in developing new processes and solutions to be research and development costs and they are expensed as incurred.
Recent Accounting Pronouncements	Recent Accounting Pronouncements On May 28, 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers . The core principle of the ASU is for companies to recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration, or payment, to which the company expects to be entitled in exchange for those goods or services. The ASU may also result in enhanced disclosures about revenue. For public entities, the ASU is effective for annual reporting periods beginning after December 15, 2016, on July 9, 2015 , the FASB voted to allow a one year deferral of t he effective date. The deferral permit s early adoption, but does not allow adoption any earlier than the original effective date of the standard. We are currently evaluating the impact this standard will have on our consolidated financial statements. In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern. The amendments provide guidance about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. The standard will be effective for the Company on December 31, 2016. The adoption of this pronouncement may impact future assessment and disclosures related to the Company’s ability to continue as a going concern. In April 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update No. 2015-03, "Simplifying the Presentation of Debt Issuance Costs" ("ASU 2015-03") which changes the presentation of debt issuance costs in financial statements to present such costs as a direct deduction from the related debt liability rather than as an asset. ASU 2015-03 will become effective for public companies during interim and annual reporting periods beginning after December 15, 2015. Early adoption is permitted. We do not expect the adoption of ASU 2015-03 will have a material impact on our consolidated financial statements.	Recent Accounting Pronouncements On May 28, 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers . The core principle of the ASU is for companies to recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration, or payment, to which the company expects to be entitled in exchange for those goods or services. The ASU may also result in enhanced disclosures about revenue. For public entities, the ASU is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Due to the recent date of issuance for this ASU, management is currently evaluating what impact, if any, the pronouncement will have on the Company’s disclosures, its financial position or results from operations. In June 2014, the FASB issued authoritative guidance related to share-based payments when the terms of an award provide that a performance target could be achieved after the requisite period. The amendments require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. The requirements of the new standard are effective for the annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods. We do not anticipate that this guidance will have a material impact on the Company’s financial position or results of operations. In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern. The amendments provide guidance about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. The standard will be effective for the Company on December 31, 2016. The adoption of this pronouncement may impact future assessment and disclosures related to the Company’s ability to continue as a going concern.

Nature of Operations and Summ25

Nature of Operations and Summary of Significant Accounting Policies (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Nature of Operations and Summary of Significant Accounting Policies
Schedule of property plant and equipment estimated useful lives	Computer and Data Center Equipment 3 years Purchased and Acquired software 3 years Leasehold Improvements 3 - 5 years, or lease term if less Furniture and fixtures 7 years	Computer and Data Center Equipment 3 years Purchased and Acquired software 3 years Leasehold Improvements 3 - 5 years, or lease term if less Furniture and fixtures 7 years
Schedule of net loss per common share	Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2015 2014 2015 2014 Net Loss Attributable to Common Shareholders $ $ $ $ Weighted average common shares outstanding Net loss per common share – basic and diluted $ $ $ $	Year Ended December 31, December 31, 2014 2013 Net loss $ $ Less: Cumulative unpaid preferred stock dividends — Net Loss attributable to common stockholders Weighted average common shares outstanding Net loss per common share – basic and diluted $ $
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	As of June 30, June 30, 2015 2014 Convertible Preferred Stock - Stock Options Warrants	As of December 31, December 31, 2014 2013 Convertible Preferred Stock - Stock Options Warrants

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Property and Equipment
Schedule of property and equipment	As of June 30, December 31, 2015 2014 (unaudited) (audited) Computer equipment $ $ Data center equipment Purchased software Furniture and fixtures Leasehold improvements Total property and equipment Less: accumulated depreciation Net property and equipment $ $	As of December 31, December 31, 2014 2013 Computer equipment $ $ Data center equipment Purchased software Furniture and fixtures Leasehold improvements Total property and equipment Less: accumulated depreciation Net property and equipment $ $

Accrued Expenses (Tables)

Accrued Expenses (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Accrued Expenses
Schedule of accrued expenses	As of June 30, December 31, 2015 2014 (unaudited) (audited) Accrued compensation $ $ Accrued rent Accrued sales tax Total accrued expenses $ $	As of December 31, December 31, 2014 2013 Accrued compensation $ $ Accrued rent Accrued sales tax - Total accrued expenses $ $

Financing Arrangements (Tables)

Financing Arrangements (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Financing Arrangements
Summary of debt outstanding	As of June 30, December 31, 2015 2014 (unaudited) (audited) Notes Payable to Directors and Affiliates $ $ Convertible Term Loan, due December 2016, interest at 10% Series Subordinated Note, due December 2015 Stated interest rate of 12% Notes Payable, due the earlier of raising $10 million in proceeds from private placements or January 2016, interest between 8.25% and 12% Note Payable, due August 2021, interest 0% Installment Note Payable – Bank Total Unamortized discount Total debt, net Less: current maturities Long-term portion $ $	As of December 31, December 31, 2014 2013 Senior Secured Note Payable, due August 2013 $ - $ Secured Convertible Notes, due June through August 2014 - Notes Payable to Directors and Affiliates Convertible Notes, due March 2015, interest at 10% - Convertible Term Loans, due December 2016, interest at 10% Convertible, Subordinated Notes, due March 2012 interest at 6% - Convertible Subordinated Note, due April 2015 interest at 9% - Series Subordinated Notes, due April 2015 Stated interest rate of 12% , effective interest of 38% . Notes Payable, due February 2015, interest at 10% - Notes Payable, due the earlier of raising $10 million in proceeds from private placements or January 2016, interest between 8.25% and 12% - Note Payable, due August 2021, interest 0% - Installment Note Payable – Bank Total Unamortized discount Total debt, net Less: current maturities Long-term portion $ $
Maturities of long-term debt	Six months ending December 31, 2015 $ 2016 2017 - 2018 - 2019 - 2020 - Thereafter $	2015 $ 2016 2017 - 2018 - 2019 - Thereafter $

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Commitments and Contingencies
Schedule of future minimum rental payments for operating leases	Six months ending December 31, 2015 $ 2016 2017 2018 2019 $	2015 $ 2016 2017 $

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2014
Income Taxes
Schedule of reconciliation of statutory tax expense (benefit) to actual tax expense (benefit)	December 31, 2014 Federal statutory rate at 34 percent $ State taxes, net of federal tax expense (benefit) Nondeductible interest Stock-based compensation Nondeductible acquisition costs Nondeductible meals & entertainment Change in valuation allowance
Schedule of components of net deferred tax assets and liabilities	December 31, 2014 Deferred Tax Assets: Non-Current: Net operating loss carry forward $ Definite-lived intangibles Non-qualified stock-based compensation Current: Accounts receivable allowance Accrued expenses Gross deferred tax assets Deferred Tax Liabilities: Non-Current: Amortization of indefinite-lived intangible Property, plant and equipment Gross deferred tax liabilities Net deferred tax assets before valuation allowance Less: valuation allowance Total net deferred tax asset (liability) $ -

Acquisition (Tables)

Acquisition (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Acquisition
Fair value of assets acquired and liabilities assumed	Purchase Price: Cash paid $ Contingent consideration Total purchase price Fair Value of Assets Acquired and Liabilities Assumed Tangible assets acquired: Property and equipment, net $ Total tangible assets acquired Identified intangible assets acquired: Customer contracts Proprietary software Total assets acquired in excess of liabilities assumed Goodwill Total purchase price $	Purchase Price: Cash paid $ Contingent consideration Total purchase price Fair Value of Assets Acquired and Liabilities Assumed Tangible assets acquired: Property and equipment, net $ Total tangible assets acquired Identified intangible assets acquired: Customer contracts Proprietary software Total assets acquired in excess of liabilities assumed Goodwill Total purchase price $
Schedule of pro forma results	Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2015 2014 2015 2014 (unaudited) (unaudited) (unaudited) (unaudited) Revenues $ $ $ $ Net Loss Basic and diluted net loss per common share $ $ $ $ Weighted average shares - basic and diluted	Year Ended December 31, December 31, 2014 2013 (unaudited) (unaudited) Revenues $ $ Net Loss $ $ Basic and diluted net loss per common share $ $ Weighted average shares - basic and diluted

Goodwill and Finite Life Inta32

Goodwill and Finite Life Intangibles Assets (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Goodwill and Finite Life Intangibles Assets
Schedule of identified intangible assets	Amortizable June 30, 2015 Period Gross Accumulated Net (years) Assets Amortization Assets Customer Contracts 3 - 5 $ $ $ Proprietary Software 3 Total identified intangible assets $ $ $	Amortizable December 31, 2014 Period Gross Accumulated Net (years) Assets Amortization Assets Customer Contracts 3 - 5 $ $ $ Proprietary Software 3 Total identified intangible assets $ $ $
Schedule of amortization expense for identified intangible assets	Statement of Three Months Ended Six Months Ended Operations June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Classification Customer Contracts $ $ $ $ Cost of Revenue Proprietary Software Cost of Revenue Total amortization on identified intangible assets $ $ $ $	Statement of Year Ended Operations December 31, 2014 Classification Customer Contracts $ Cost of Revenue Proprietary Software Cost of Revenue Total amortization on identified intangible assets $
Schedule of future amortization expense	Six Months Ending December 31, 2015 $ 2016 2017 2018 2019 $	2015 $ 2016 2017 2018 2019 $

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Statement Of Stockholders Equity [Abstract]
Summary of warrant activity		Number of Weighted Shares Issuable Weighted Avg. Remaining Under Warrants Exercise Price Life (Years) Balance, December 31, 2012 $ Issued Exchanged for shares Balance, December 31, 2013 Issued Balance, December 31, 2014
Summary of assumptions used to determine fair value of warrants	Both Periods Expected term 1.5 - 5 Years Expected dividend 0 Volatility 26% - 38% Risk-free interest rate 0.25% - 1.37%	Both Periods Expected term 1.5 - 5 Years Expected dividend 0 Volatility 26% - 38% Risk-free interest rate 0.12% - 1.14%

Stock-Based Compensation and 34

Stock-Based Compensation and Benefit Plans (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Stock-Based Compensation and Benefit Plans
Summary of stock based compensation	Three Months Ended Six Months Ended June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Stock-based compensation costs included in: Cost of revenue $ $ $ $ Sales and marketing expenses Research and development expenses General and administrative expenses Total stock-based compensation expense $ $ $ $	Year Ended December 31, 2014 December 31, 2013 Stock-based compensation costs included in: Cost of revenue $ $ Sales and marketing expenses Research and development expenses General and administrative expenses Total stock-based compensation expense $ $
Schedule of fair values of stock options granted and assumptions used for the Black-Scholes-Merton option pricing model	Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2015 2014 2015 2014 Estimated Fair Value $ $ $ $ Shares Issuable Under Options Granted Expected Term 3 Years 3 Years 2 to 3 Years 3 Years Expected Dividend % % % % Volatility % % 26% to 30 % % Risk Free Interest Rate 0.86% to 0.91 % % 0.22% to 1.07 % %	Year Ended December 31, December 31, 2014 2013 Estimated Fair Value $ $ Shares Issuable Under Options Granted Expected Term 2 to 3 Years 3 Years Expected Dividend - % - % Volatility 27% to 29 % 30% to 33 % Risk Free Interest Rate 0.22% to 1.00 % 0.34% to 0.90 %
Summary of stock option activity		Weighted Number of Remaining Shares Issuable Weighted Avg. Contractual Intrinsic Under Options Exercise Price Life (Years) Value Balance, December 31, 2012 $ Granted Exercised Forfeited or Expired Balance, December 31, 2013 * $ Granted * Exercised - - Forfeited or Expired Balance, December 31, 2014 * $ Exercisable at December 31, 2014 * $
Schedule of Information with respect to common stock options outstanding and exercisable		Information with respect to common stock options outstanding and exercisable at December 31, 2014: Stock Options Outstanding Options Exercisable Range of Exercise Price Number of Options Weighted Average Remaining Contractual Life Weighted Average Exercise Price Aggregate Intrinsic Value Options Exercisable Weighted Average Exercise Price Aggregate Intrinsic Value $ 0.80 $ $ $ $ $1.35 to $1.60 — — $ 4.00 — — $ $ $ $

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Related Party Transactions
Schedule of related party transactions	As of June 30, December 31, 2015 2014 Debt held by related parties $ $ Warrants held by related parties Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2015 2014 2015 2014 Interest paid to related parties $ $ — $ $ — Related party interest expense	As of December 31, December 31, 2014 2013 Debt held by related parties $ $ Warrants held by related parties Year Ended December 31, December 31, 2014 2013 Interest paid to related parties $ $ Related party interest expense $ $

Nature of Operations and Summ36

Nature of Operations and Summary of Significant Accounting Policies (Details)	Feb. 03, 2015USD ($)director$ / sharesshares	Jul. 30, 2014USD ($)director	Jul. 14, 2014director$ / sharesshares	Jun. 30, 2015USD ($)contract$ / sharesshares	Feb. 28, 2015USD ($)director$ / sharesshares	Jul. 31, 2014USD ($)$ / sharesshares	Jan. 31, 2014USD ($)shares	Jun. 30, 2015USD ($)contract$ / sharesshares	Mar. 31, 2015$ / sharesshares	Mar. 27, 2015USD ($)$ / sharesshares	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)contract$ / sharesshares	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)contract$ / sharesshares	Dec. 31, 2013USD ($)$ / sharesshares
Nature of Operations and Summary of Significant Accounting Policies
Number of contracts | contract				437				437				437		348
Number of active contracts | contract				312				312				312		252
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Cumulative operating losses | $								$ (2,461,127)			$ (2,562,547)	$ (5,262,959)	$ (4,609,077)	$ (9,615,913)	$ (8,040,134)
Cash paid for acquisition | $													$ 1,375,000	2,125,000
Amount outstanding | $				$ 4,727,094				4,727,094				4,727,094		4,782,538	7,171,252
Debt converted | $						$ 6,301,241	$ 986,793								$ 6,744,139
Conversion of debt, shares issued | shares						5,139,169	246,867								1,854,638
Proceeds from issuance of convertible preferred stock and warrants | $												2,200,000		3,000,000
Proceeds from issuance of convertible preferred stock | $												4,403,664		3,039,501
Allowance for doubtful accounts receivable | $				$ 15,000				$ 15,000				$ 15,000		25,000	$ 89,000
Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Proceeds from issuance of convertible preferred stock and warrants | $														$ 2,200,000
Convertible Preferred Stock Series A
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Issuance of shares (in shares) | shares												9,000		2,229,702
Share price (in dollars per share)				$ 1.50				$ 1.50				$ 1.50		$ 1.50
Convertible Preferred Stock Series A | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Issuance of shares (in shares) | shares														9,000
Share price (in dollars per share)														$ 1.50
Convertible Preferred Stock Series B
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Issuance of shares (in shares) | shares												2,065,891
Share price (in dollars per share)	$ 1.15			$ 1.15				$ 1.15				$ 1.15
Convertible Preferred Stock Series B | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Issuance of shares (in shares) | shares														2,065,891
Share price (in dollars per share)														$ 1.15
Note Payable Due April 2015
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Amount outstanding, including accrued interest | $				$ 500,000				$ 500,000				$ 500,000		$ 714,553
Notes Payable to Directors and Affiliates
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Amount outstanding | $				$ 1,348,000				$ 1,348,000				$ 1,348,000		$ 1,350,000	$ 2,350,000
Common Stock Warrants
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)						$ 1.88								$ 2
Adjusted exercise price of warrants (in dollars per share)				$ 0.45				$ 0.45				$ 0.45
Period of warrant				5 years		5 years								5 years
Shares that may be purchased under warrant agreement | shares						3,289,086								2,229,702	232,450
Common Stock Warrants | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)														$ 1.15
Common Stock Purchase Warrants Issued In Connection With Issuance Of Series A Convertible Preferred Stock
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)	2			$ 2				2				2
Adjusted exercise price of warrants (in dollars per share)	$ 0.4816			$ 0.4816				$ 0.4816				$ 0.4816
Period of warrant												5 years
Shares that may be purchased under warrant agreement | shares				9,000				9,000				9,000
Common Stock Purchase Warrants Issued In Connection With Issuance Of Series A Convertible Preferred Stock | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)														2
Adjusted exercise price of warrants (in dollars per share)														$ 1.15
Period of warrant														5 years
Shares that may be purchased under warrant agreement | shares														9,000
Common Stock Purchase Warrants Issued in Connection With Issuance of Series B Convertible Preferred Stock
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Period of warrant												5 years
Shares that may be purchased under warrant agreement | shares				2,065,891				2,065,891				2,065,891
Common Stock Purchase Warrants Issued in Connection With Issuance of Series B Convertible Preferred Stock | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)														$ 1.15
Period of warrant														5 years
Shares that may be purchased under warrant agreement | shares														2,065,891
Common Stock
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Issuance of shares (in shares) | shares					74,765									4,542,782	319,000
Share price (in dollars per share)															$ 4
IPO | Common Stock
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Issuance of shares (in shares) | shares			4,500,000
Share price (in dollars per share)			$ 1.50
Private Placement
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)				$ 0.4816				$ 0.4816				$ 0.4816
Proceeds from issuance of convertible preferred stock and warrants | $														$ 3,000,000
Private Placement | Convertible Preferred Stock Series A
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Share price (in dollars per share)									$ 1.50					$ 1.50
Private Placement | Convertible Preferred Stock Series A | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Share price (in dollars per share)										$ 1.50
Private Placement | Convertible Preferred Stock Series B
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Share price (in dollars per share)									1.15
Private Placement | Convertible Preferred Stock Series B | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Share price (in dollars per share)										1.15
Private Placement | Common Stock Warrants | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)														1.15
Private Placement | Common Stock Warrants | Notes Payable to Directors and Affiliates
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Shares that may be purchased under warrant agreement | shares				232,983				232,983				232,983
Private Placement | Common Stock Purchase Warrants Issued In Connection With Issuance Of Series A Convertible Preferred Stock
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)									2					2
Adjusted exercise price of warrants (in dollars per share)									$ 0.4816					$ 1.15
Period of warrant									5 years					5 years
Shares that may be purchased under warrant agreement | shares									9,000					2,229,702
Private Placement | Common Stock Purchase Warrants Issued In Connection With Issuance Of Series A Convertible Preferred Stock | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)										2
Adjusted exercise price of warrants (in dollars per share)										$ 1.15
Period of warrant										5 years
Shares that may be purchased under warrant agreement | shares										9,000
Private Placement | Common Stock Purchase Warrants Issued in Connection With Issuance of Series B Convertible Preferred Stock
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)									$ 1.15
Adjusted exercise price of warrants (in dollars per share)									$ 0.4816
Period of warrant									5 years
Shares that may be purchased under warrant agreement | shares									2,065,891
Proceeds from issuance of convertible preferred stock and warrants | $												$ 2,200,000
Private Placement | Common Stock Purchase Warrants Issued in Connection With Issuance of Series B Convertible Preferred Stock | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)										$ 1.15
Period of warrant										5 years
Shares that may be purchased under warrant agreement | shares										2,065,891
Proceeds from issuance of convertible preferred stock and warrants | $										$ 2,200,000
Director
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)				$ 0.4378				$ 0.4378				$ 0.4378
Shares that may be purchased under warrant agreement | shares				913,659				913,659				913,659
Director | Common Stock Warrants
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)			$ 1.88
Period of warrant			5 years	5 years
Shares that may be purchased under warrant agreement | shares			2,250,000
Number of directors | director			2
Director | Private Placement | Convertible Preferred Stock Series B
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Conversion of debt, shares issued | shares	217,391
Director | Private Placement | Convertible Preferred Stock Series B | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Conversion of debt, shares issued | shares	217,391
Maximum | Common Stock Warrants
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)															5
Minimum | Common Stock Warrants
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)															$ 4
Line of credit | Director
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Amount outstanding | $				$ 1,100,000				$ 1,100,000				$ 1,100,000		$ 1,100,000
Gross proceeds from financing transactions that would trigger the line of credit payable to a related party to become due | $														10,000,000
Line of credit | Director | Private Placement | Notes Payable to Directors and Affiliates
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Debt converted | $	$ 250,000
Number of directors | director	1
Line of credit | Director | Private Placement | Notes Payable to Directors and Affiliates | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Debt converted | $	$ 250,000
Number of directors | director	1
Financial Commitment Letter July 2014 | Director | Private Placement | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Number of directors | director					1
Financial Commitment Letter July 2014 | Director | Private Placement | Convertible Preferred Stock Series B | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Conversion of debt, shares issued | shares					217,391
Financial Commitment Letter July 2014 | Director | Private Placement | Common Stock Warrants | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Warrants issued for debt conversion | shares					217,391
Exercise price of warrants (in dollars per share)					$ 1.15
Period of warrant					5 years
Financial Commitment Letter July 2014 | Line of credit | Director | Notes Payable to Directors and Affiliates
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Amount outstanding | $				348,000				348,000				348,000		350,000
Number of directors | director		2
Maximum borrowing capacity under financing agreement | $		$ 2,500,000
Interest rate (as a percentage)		10.00%			10.00%
Default interest rate (as a percentage)		18.00%
Amount outstanding, including accrued interest | $				$ 381,000				$ 381,000				381,000		359,466
Principal amount of debt, maturity date extended | $					$ 450,000
Total borrowings | $												$ 350,000
Financial Commitment Letter July 2014 | Line of credit | Director | Notes Payable to Directors and Affiliates | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Interest rate (as a percentage)					10.00%
Principal amount of debt, maturity date extended | $					$ 450,000
Total borrowings | $														$ 350,000
Financial Commitment Letter July 2014 | Line of credit | Director | Private Placement | Notes Payable to Directors and Affiliates | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Debt converted | $					$ 250,000

Nature of Operations and Summ37

Nature of Operations and Summary of Significant Accounting Policies - Property, Equipment, Goodwill, Long-Lived Assets (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Nature of Operations and Summary of Significant Accounting Policies
Goodwill impairment		$ 0	$ 0
Advertising costs		$ 15,888	$ 15,495
Computer and Data Center Equipment
Property and Equipment
Property and equipment estimated useful lives	3 years	3 years
Purchased and Acquired Software
Property and Equipment
Property and equipment estimated useful lives	3 years	3 years
Furniture and fixtures
Property and Equipment
Property and equipment estimated useful lives	7 years	7 years
Minimum | Leasehold improvements
Property and Equipment
Property and equipment estimated useful lives	3 years	3 years
Maximum | Leasehold improvements
Property and Equipment
Property and equipment estimated useful lives	5 years	5 years

Nature of Operations and Summ38

Nature of Operations and Summary of Significant Accounting Policies - Merger Transaction (Details)	Mar. 18, 2014$ / sharesshares	Feb. 12, 2014	Jun. 30, 2015$ / sharesshares	Dec. 31, 2014$ / sharesshares	Mar. 17, 2014$ / sharesshares	Dec. 31, 2013$ / sharesshares
Net Loss Per Common Share - Merger Transaction
Shares authorized, common	500,000,000		500,000,000	500,000,000	22,500,000	500,000,000
Par value, common (in dollars per share) | $ / shares	$ 0.0001		$ 0.0001	$ 0.0001	$ 0.01	$ 0.0001
Shares authorized, preferred	20,000,000		20,000,000	20,000,000	2,500,000	20,000,000
Merger Transaction
Net Loss Per Common Share - Merger Transaction
Shares authorized, common	500,000,000
Par value, common (in dollars per share) | $ / shares	$ 0.0001
Shares authorized, preferred	20,000,000
Merger Transaction | DE2
Net Loss Per Common Share - Merger Transaction
Exchange ratio	0.09129752
DE2 | Merger Transaction | Common Stock
Net Loss Per Common Share - Merger Transaction
Number of shares of acquirer common stock issued per share of acquiree's common stock		10.9532

Nature of Operations and Summ39

Nature of Operations and Summary of Significant Accounting Policies - Earnings Per Share (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Net Loss Per Common Share
Net loss	$ (8,887,306)	$ (4,246,802)	$ (12,051,793)	$ (7,118,685)	$ (15,709,782)	$ (13,965,019)
LESS: CUMMULATIVE UNPAID PREFERRED DIVIDENDS	(33,778)		(33,778)		(48,409)
Net Income (Loss) Available to Common Stockholders, Basic	$ (8,921,084)	$ (4,246,802)	$ (12,085,571)	$ (7,118,685)	$ (15,758,191)	$ (13,965,019)
Weighted average common shares outstanding	24,464,979	6,536,602	21,627,532	6,328,419	11,337,482	3,897,081
Net Loss Per Common Share - basic and diluted	$ (0.36)	$ (0.65)	$ (0.56)	$ (1.12)	$ (1.39)	$ (3.58)
Potential common shares excluded from calculation of diluted loss per share because their effect would be anti-dilutive
Antidilutive securities			37,014,620	2,121,629	13,836,637	1,235,447
Convertible Preferred Stock
Potential common shares excluded from calculation of diluted loss per share because their effect would be anti-dilutive
Antidilutive securities			10,057,119		2,229,702
Stock options
Potential common shares excluded from calculation of diluted loss per share because their effect would be anti-dilutive
Antidilutive securities			2,723,250	862,167	2,703,587	827,543
Common Stock Warrants
Potential common shares excluded from calculation of diluted loss per share because their effect would be anti-dilutive
Antidilutive securities			24,234,251	1,259,462	8,903,348	407,904

Note Receivable (Details)

Note Receivable (Details) - USD ($)	Jun. 30, 2015	Feb. 28, 2015	Dec. 31, 2014
Note Receivable
Note receivable, interest rate	5.00%		5.00%
Note receivable, face amount	$ 501,000		$ 501,000
Note receivable allowance as a percentage of outstanding balance	100.00%		100.00%
Note receivable, default judgment		$ 542,000

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Property and Equipment
Depreciation	$ 85,000	$ 132,000	$ 60,000	$ 125,000	$ 214,000	$ 346,000
Property and Equipment
Total property and equipment	2,002,157		2,002,157		1,454,865	1,297,865
Less: accumulated depreciation	(1,290,976)		(1,290,976)		(1,158,940)	(944,445)
Net property and equipment	711,181		711,181		295,925	353,420
Computer equipment
Property and Equipment
Total property and equipment	217,866		217,866		216,486	208,593
Data center equipment
Property and Equipment
Total property and equipment	954,542		954,542		444,906	405,057
Purchased software
Property and Equipment
Total property and equipment	675,623		675,623		651,016	570,860
Furniture and fixtures
Property and Equipment
Total property and equipment	89,773		89,773		84,433	59,890
Leasehold improvements
Property and Equipment
Total property and equipment	$ 64,353		$ 64,353		$ 58,024	$ 53,465

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Accrued Expenses
Accrued compensation	$ 180,971	$ 128,135	$ 122,517
Accrued rent	38,000	36,149	30,596
Accrued sales tax	4,152	37,484
Total accrued expenses	$ 223,123	$ 201,768	$ 153,113

Financing Arrangements - Summar

Financing Arrangements - Summary of Debt (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	May. 29, 2014	Dec. 31, 2013	Feb. 28, 2013	Oct. 31, 2012
Summary of debt outstanding:
Total	$ 4,727,094	$ 4,782,538		$ 7,171,252
Unamortized discount	(20,837)	(145,835)		(67,327)
Total debt, net	4,706,257	4,636,703		7,103,925
Less: current maturities	2,214,257	2,070,217		3,170,672
Long-term portion	2,492,000	2,566,486		3,933,253
Senior Secured Note Payable, due August 2013
Summary of debt outstanding:
Effective interest rate (as a percentage)					38.00%
Total			$ 150,660	1,562,500
Senior Secured Note Payable, due August 2013 | Minimum
Summary of debt outstanding:
Interest rate (as a percentage)						10.00%
Senior Secured Note Payable, due August 2013 | Maximum
Summary of debt outstanding:
Interest rate (as a percentage)						16.00%
Secured Convertible Notes, due June Through August 2014
Summary of debt outstanding:
Total				770,000
Notes Payable to Directors and Affiliates
Summary of debt outstanding:
Total	$ 1,348,000	$ 1,350,000		$ 2,350,000
Convertible Notes, due March 2015, interest at 10%
Summary of debt outstanding:
Interest rate (as a percentage)				10.00%
Total				$ 575,000
Convertible Term Loans, due December 2016, interest at 10%
Summary of debt outstanding:
Interest rate (as a percentage)	10.00%	10.00%		10.00%
Total	$ 2,300,000	$ 2,300,000		$ 500,000
Convertible Subordinated Notes, due March 2012, interest at 6%
Summary of debt outstanding:
Interest rate (as a percentage)				6.00%
Total				$ 112,561
Convertible Subordinated Notes, due April 2015, interest at 9%
Summary of debt outstanding:
Interest rate (as a percentage)				9.00%
Total				$ 200,000
Series Subordinated Notes, due April 2015 Stated interest rate of 12%, effective interest of 38%
Summary of debt outstanding:
Interest rate (as a percentage)	12.00%	12.00%		12.00%
Effective interest rate (as a percentage)				38.00%
Total	$ 499,591	$ 613,808		$ 863,808
Notes Payable, due February 2015, interest at 10%
Summary of debt outstanding:
Interest rate (as a percentage)				10.00%
Total				$ 100,000
Notes Payable, due the earlier of raising $10 million in proceeds from private placements or January 2016, interest between 8.25% and 12%
Summary of debt outstanding:
Proceeds from one or more private placements of debt or equity securities that would trigger the debt instrument to become due	10,000,000	10,000,000
Total	$ 74,486	$ 74,486
Notes Payable, due the earlier of raising $10 million in proceeds from private placements or January 2016, interest between 8.25% and 12% | Minimum
Summary of debt outstanding:
Interest rate (as a percentage)	8.25%	8.25%
Notes Payable, due the earlier of raising $10 million in proceeds from private placements or January 2016, interest between 8.25% and 12% | Maximum
Summary of debt outstanding:
Interest rate (as a percentage)	12.00%	12.00%
Note Payable, due August 2021, interest at 0%
Summary of debt outstanding:
Interest rate (as a percentage)	0.00%	0.00%
Total	$ 192,000	$ 192,000
Installment Note Payable - Bank
Summary of debt outstanding:
Total	$ 313,017	$ 252,244		$ 137,383

Financing Arrangements - Future

Financing Arrangements - Future Maturities (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Financing Arrangements
2,015		$ 2,070,217
2,016	$ 2,374,485	2,374,486
Thereafter		192,000
Total debt, net	$ 4,706,257	$ 4,636,703	$ 7,103,925

Financing Arrangements Details

Financing Arrangements Details (Details)	Feb. 03, 2015USD ($)director$ / sharesshares	Jul. 30, 2014USD ($)director	Jul. 14, 2014USD ($)director$ / sharesshares	Jun. 24, 2014USD ($)director	Jun. 17, 2014USD ($)director$ / shares	May. 30, 2014USD ($)	May. 29, 2014USD ($)	May. 19, 2014USD ($)	May. 12, 2014USD ($)	Feb. 12, 2014USD ($)	Jul. 31, 2015USD ($)	Jun. 30, 2015USD ($)$ / sharesshares	Feb. 28, 2015USD ($)director$ / sharesshares	Dec. 31, 2014USD ($)$ / sharesshares	Aug. 31, 2014USD ($)	Jul. 31, 2014USD ($)$ / sharesshares	Jun. 30, 2014USD ($)	May. 31, 2014USD ($)	Apr. 30, 2014USD ($)shares	Mar. 31, 2014USD ($)$ / sharesshares	Feb. 28, 2014USD ($)shares	Jan. 31, 2014USD ($)$ / sharesshares	Dec. 31, 2013USD ($)$ / sharesshares	Feb. 28, 2013USD ($)$ / sharesshares	Oct. 31, 2012USD ($)$ / sharesshares	Sep. 30, 2011USD ($)$ / sharesshares	Mar. 31, 2011USD ($)$ / sharesshares	Nov. 30, 2010USD ($)shares	Jun. 30, 2015USD ($)$ / sharesshares	Aug. 31, 2013USD ($)	Jun. 30, 2015USD ($)$ / sharesshares	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)director$ / sharesshares	Feb. 28, 2014USD ($)shares	Dec. 31, 2013USD ($)director$ / sharesshares	Jun. 30, 2015USD ($)$ / sharesshares	Dec. 31, 2012USD ($)$ / sharesshares	Apr. 13, 2015$ / shares	Mar. 31, 2015$ / shares	Mar. 27, 2015$ / shares	Jun. 18, 2014USD ($)	Jan. 14, 2014$ / sharesshares	Sep. 30, 2013$ / shares	Apr. 30, 2013USD ($)$ / shares
Financing Arrangements (Textual)
Issuance of shares																																	$ 5,579,208		$ 1,197,550
Issuance of common stock related to debt modifications																																	$ 1,000,000
Warrants outstanding (in shares) | shares														8,903,348									407,904										8,903,348		407,904		1,557,980
Principal amount of debt converted																$ 6,301,241						$ 986,793													$ 6,744,139
Conversion of debt, shares issued | shares																5,139,169						246,867													1,854,638
Debt conversion rate (in dollars per share) | $ / shares																																											$ 4
Conversion of debt into equity																															$ 752,000	$ 986,793	$ 7,288,025		$ 11,063,816
Amount outstanding												$ 4,727,094		$ 4,782,538									$ 7,171,252						$ 4,727,094		4,727,094		4,782,538		7,171,252	$ 4,727,094
Accrued interest												$ 182,432		182,184									1,953,502						$ 182,432		$ 182,432		182,184		1,953,502	$ 182,432
Principal amount of debt with beneficial conversion feature, converted upon completion of IPO														6,000,000																			6,000,000
Interest expense related to beneficial conversion feature																																	1,612,251
Debt default amount														$ 0									$ 1,675,061										$ 0		$ 1,675,061
Private Placement
Financing Arrangements (Textual)
Exercise price of warrants (in dollars per share) | $ / shares												$ 0.4816																	$ 0.4816		$ 0.4816					$ 0.4816
Merger Transaction | DE2
Financing Arrangements (Textual)
Long term debt assumed										$ 85,105
Common Stock Warrants
Financing Arrangements (Textual)
Shares that may be purchased under warrant agreement | shares														2,229,702		3,289,086							232,450										2,229,702		232,450
Period of warrant												5 years				5 years																	5 years
Exercise price of warrants (in dollars per share) | $ / shares														$ 2		$ 1.88																	$ 2
Fair value of warrants issued during period												$ 2,787																							$ 157,000
Price of warrants expressed as a percentage of the initial public offering price, upon conversion of debt																125.00%
Common Stock Warrants | Minimum
Financing Arrangements (Textual)
Exercise price of warrants (in dollars per share) | $ / shares																							$ 4												$ 4
Common Stock Warrants | Maximum
Financing Arrangements (Textual)
Exercise price of warrants (in dollars per share) | $ / shares																							$ 5												$ 5
Common Stock Warrants | Subsequent Event
Financing Arrangements (Textual)
Exercise price of warrants (in dollars per share) | $ / shares														1.15																			1.15
Common Stock Warrants | Private Placement | Subsequent Event
Financing Arrangements (Textual)
Exercise price of warrants (in dollars per share) | $ / shares														$ 1.15																			$ 1.15
Prime Rate
Financing Arrangements (Textual)
Variable interest rate at end of period												3.25%		3.25%									3.25%						3.25%		3.25%		3.25%		3.25%	3.25%
Director
Financing Arrangements (Textual)
Shares that may be purchased under warrant agreement | shares												913,659																	913,659		913,659					913,659
Exercise price of warrants (in dollars per share) | $ / shares												$ 0.4378																	$ 0.4378		$ 0.4378					$ 0.4378
Director | Common Stock Warrants
Financing Arrangements (Textual)
Price of the warrants issued as part of the debt conversion, expressed as a percentage of the initial public offering price			125.00%
Shares that may be purchased under warrant agreement | shares			2,250,000
Period of warrant			5 years									5 years
Exercise price of warrants (in dollars per share) | $ / shares			$ 1.88
Number of directors | director			2
Senior Secured Lender | Common Stock Warrants | Private Placement | Subsequent Event
Financing Arrangements (Textual)
Shares that may be purchased under warrant agreement | shares														745,706																			745,706
Exercise price of warrants (in dollars per share) | $ / shares														$ 0.92																			$ 0.92
Common Stock
Financing Arrangements (Textual)
Gross proceeds from issuance of stock																																			$ 1,276,000
Issuance of shares																																	$ 454		$ 3,190
Issuance of common stock related to debt modifications (in shares) | shares																																	666,667
Share price (in dollars per share) | $ / shares																							$ 4												$ 4
Issuance of common stock related to debt modifications																																	$ 67
Common Stock | IPO
Financing Arrangements (Textual)
Gross proceeds from issuance of stock			$ 6,750,000
Share price (in dollars per share) | $ / shares			$ 1.50
Common Stock | Senior Secured Lender
Financing Arrangements (Textual)
Issuance of common stock related to debt modifications (in shares) | shares			666,667
Share price (in dollars per share) | $ / shares			$ 1.50
Issuance of common stock related to debt modifications			$ 1,000,000
Short term notes payable | Common Stock Warrants
Financing Arrangements (Textual)
Shares that may be purchased under warrant agreement | shares																						821,250																				821,250
Exercise price of warrants (in dollars per share) | $ / shares																						$ 3.60																				$ 3.60
Warrants related to short term notes that were converted into equity | shares																						302,500
Fair value of warrants issued during period																																	$ 573
Total borrowings																																		$ 3,285,000
Warrants issued equal to percentage of principal amount of debt																						25.00%
Short term notes payable | Common Stock Warrants | Minimum
Financing Arrangements (Textual)
Period of warrant																						3 years
Short term notes payable | Common Stock Warrants | Maximum
Financing Arrangements (Textual)
Period of warrant																						5 years
Short term notes payable | Common Stock Warrants | Subsequent Event
Financing Arrangements (Textual)
Exercise price of warrants (in dollars per share) | $ / shares																																						$ 1.40
Short term notes payable | Director | Common Stock Warrants
Financing Arrangements (Textual)
Shares that may be purchased under warrant agreement | shares																					718,750													718,750
Total borrowings																																		$ 2,875,000
Conversion Agreement | Common Stock Warrants
Financing Arrangements (Textual)
Period of warrant														5 years
Exercise price of warrants (in dollars per share) | $ / shares														$ 2																			$ 2
Financial Commitment Letter July 2014 | Director | Private Placement | Subsequent Event
Financing Arrangements (Textual)
Number of directors | director													1
Financial Commitment Letter July 2014 | Director | Common Stock Warrants | Private Placement | Subsequent Event
Financing Arrangements (Textual)
Period of warrant													5 years
Exercise price of warrants (in dollars per share) | $ / shares													$ 1.15
Notes payable | Subsequent Event
Financing Arrangements (Textual)
Total borrowings											$ 1,000,000
Line of credit | Director
Financing Arrangements (Textual)
Amount outstanding												$ 1,100,000		$ 1,100,000															$ 1,100,000		$ 1,100,000		$ 1,100,000			$ 1,100,000
Notes payable to bank
Financing Arrangements (Textual)
Principal amount of debt, modification of terms																															313,000		252,000
Senior Secured Note Payable, due August 2013
Financing Arrangements (Textual)
Maximum borrowing capacity under financing agreement																								$ 2,500,000	$ 1,500,000
Borrowings during period																								$ 1,000,000
Debt payoff premium accrued as interest expense																																			$ 750,000
Repayments of debt							$ 2,000,000
Effective interest rate (as a percentage)																								38.00%
Amount outstanding							150,660																$ 1,562,500												1,562,500
Senior Secured Note Payable, due August 2013 | Minimum
Financing Arrangements (Textual)
Interest rate (as a percentage)																									10.00%
Default interest rate (as a percentage)																									14.00%
Senior Secured Note Payable, due August 2013 | Maximum
Financing Arrangements (Textual)
Interest rate (as a percentage)																									16.00%
Default interest rate (as a percentage)																									20.00%
Senior Secured Note Payable, due August 2013 | Director | Common Stock Warrants
Financing Arrangements (Textual)
Shares that may be purchased under warrant agreement | shares																								281,250
Exercise price of warrants (in dollars per share) | $ / shares																								$ 4
Fair value of warrants issued during period																								$ 205,000
Senior Secured Note Payable, due August 2013 | Senior Secured Lender | Common Stock Warrants
Financing Arrangements (Textual)
Price of the warrants issued as part of the debt conversion, expressed as a percentage of the initial public offering price																80.00%
Shares that may be purchased under warrant agreement | shares																571,708								238,212	76,228
Exercise price of warrants (in dollars per share) | $ / shares																$ 1.20								$ 2.88	$ 9
Value of warrants outstanding														$ 146,000									309,000										146,000		309,000
Financing costs																								$ 62,500
Senior Secured Note Payable, due August 2013 | Forbearance Agreement
Financing Arrangements (Textual)
Interest expense																																	1,000,000
Senior Secured Note Payable, due August 2013 | Forbearance Agreement | Common Stock | Expected
Financing Arrangements (Textual)
Issuance of shares																				$ 1,000,000
Senior Secured Note Payable, due August 2013 | Second Forbearance Agreement
Financing Arrangements (Textual)
Repayments of debt								$ 500,000
Common stock share price expressed as a percentage of the lowest price per share of common stock issued to any investor in the Company if the stock is not publicly traded on or before July 15, 2014								80.00%
Senior Secured Note Payable, due August 2013 | Notes payable
Financing Arrangements (Textual)
Repayments of debt																$ 150,660
Interest paid																2,559
Unsecured Convertible Note Payable with the Senior Secured Lender | Convertible notes payable | Senior Secured Lender
Financing Arrangements (Textual)
Interest rate (as a percentage)						10.00%
Percentage of the conversion terms offered in the Convertible Notes, due June 2015, used as basis to determine the conversion terms of the specified debt instrument						90.00%
Price of the warrants issued as part of the debt conversion, expressed as a percentage of the initial public offering price						125.00%
Borrowings						$ 150,660
Secured Convertible Notes, due June Through August 2014
Financing Arrangements (Textual)
Amount outstanding																							770,000												770,000
Secured Convertible Notes, due June Through August 2014 | Loan Modification Agreement
Financing Arrangements (Textual)
Repayments of debt									$ 150,000
Loan modification discount									$ 40,000
Secured Convertible Notes, due June Through August 2014 | Convertible notes payable
Financing Arrangements (Textual)
Interest rate (as a percentage)																														10.00%
Repayments of debt																																	660,000
Debt term																														1 year
Increase in interest rate due to default (as a percentage)																														5.00%
Debt conversion rate, expressed as a percentage of the per share price of the securities offered in the financing transaction (as a percentage)																														75.00%
Principal amount of debt converted																																	70,000
Accrued interest on debt converted																																	$ 1,764
Debt conversion rate (in dollars per share) | $ / shares														$ 4																			$ 4
Interest paid																																	$ 66,055
Total borrowings																														$ 770,000
Amount outstanding														$ 0																			0
Notes Payable to Directors and Affiliates
Financing Arrangements (Textual)
Amount outstanding												$ 1,348,000		$ 1,350,000									2,350,000						$ 1,348,000		$ 1,348,000		1,350,000		2,350,000	$ 1,348,000
Notes Payable to Directors and Affiliates | Private Placement
Financing Arrangements (Textual)
Debt term												150 days
Notes Payable to Directors and Affiliates | Common Stock Warrants | Private Placement
Financing Arrangements (Textual)
Shares that may be purchased under warrant agreement | shares												232,983																	232,983		232,983					232,983
Notes Payable to Directors and Affiliates | Directors and Affiliates
Financing Arrangements (Textual)
Repayments of debt																1,731,781
Notes Payable to Directors and Affiliates | Related Party Loan One | Director
Financing Arrangements (Textual)
Interest rate (as a percentage)																												6.00%
Borrowings																												$ 300,000
Monthly installment amount																												9,127
Value of common stock issued as consideration for the debt issuance																												$ 69,937
Number of common shares issued as consideration for the debt issuance | shares																												17,484
Notes Payable to Directors and Affiliates | Related Party Loan Two | Directors and Affiliates
Financing Arrangements (Textual)
Borrowings																																					$ 1,000,000
Stated effective interest rate for the first 60 days (as percentage)																																					24.00%
Stated effective interest rate after the first 60 days (as a percentage)																																					40.00%
Notes Payable to Directors and Affiliates | Related Party Loan Three | Director
Financing Arrangements (Textual)
Borrowings																									$ 1,105,000
Shares owned by President/CEO as security for related party note payable | shares																									86,875
Stock options owned by President/CEO as security for related party note payable | shares																									136,250
Notes Payable to Directors and Affiliates | Related Party Loan Three | Director | Minimum
Financing Arrangements (Textual)
Interest rate (as a percentage)																									4.50%
Notes Payable to Directors and Affiliates | Related Party Loan Three | Director | Common Stock Warrants
Financing Arrangements (Textual)
Shares that may be purchased under warrant agreement | shares																									50,000
Exercise price of warrants (in dollars per share) | $ / shares																									$ 4
Notes Payable to Directors and Affiliates | Related Party Loan Three | Director | Prime Rate
Financing Arrangements (Textual)
Basis spread on variable rate																									1.25%
Notes Payable to Directors and Affiliates | Related Party Loan Four | Director
Financing Arrangements (Textual)
Borrowings																							$ 3,093,332												3,093,332
Related party transaction, refinance of note as part of new debt issuance, principal amount																																			250,000
Related party transaction, refinance of note as part of new debt issuance, interest amount																																			$ 43,332
Number of directors | director																																			2
Notes Payable to Directors and Affiliates | Related Party Loan Five | Director
Financing Arrangements (Textual)
Interest rate (as a percentage)																				24.00%
Default interest rate (as a percentage)																			48.00%
Interest expense																																	$ 890,624
Borrowings																				$ 1,500,000
Common stock issued as consideration for the debt issuance, expressed as a percentage of the principal amount of the debt issued																				12.50%
Value of common stock issued as consideration for the debt issuance																				$ 187,500
Number of common shares issued as consideration for the debt issuance | shares																				78,125													382,809
Share price of the common shares issued as consideration for the debt issuance | $ / shares																				$ 2.40
Additional common stock owed, expressed as a percentage of the principal amount outstanding, that is due on each fifth business day as long as any portion of the principal amount of the loan is outstanding																			3.125%
Additional common stock value owed, that is due on each fifth business day as long as any portion of the principal amount of the loan is outstanding																			$ 46,875
Additional common stock shares owed, that is due on each fifth business day as long as any portion of the principal amount of the loan is outstanding | shares																			19,531
Notes Payable to Directors and Affiliates | Related Party Loan Six | Director
Financing Arrangements (Textual)
Total borrowings																																	$ 3,690,000			$ 4,425,000
Number of directors | director																																	3
Notes Payable to Directors and Affiliates | Short term notes payable | Directors and Affiliates
Financing Arrangements (Textual)
Interest rate (as a percentage)			10.00%
Principal amount of debt converted			$ 3,375,000
Accrued interest on debt converted			$ 204,134
Conversion of debt, shares issued | shares			2,982,611
Notes Payable to Directors and Affiliates | Tranche One | Related Party Loan Six | Director
Financing Arrangements (Textual)
Total borrowings																																	$ 1,925,000			$ 400,000
Notes Payable to Directors and Affiliates | Letter Agreement
Financing Arrangements (Textual)
Borrowings during period																	$ 450,000
Notes Payable to Directors and Affiliates | Notes payable | Related Party Loan Six | Director
Financing Arrangements (Textual)
Interest rate (as a percentage)												10.00%		10.00%															10.00%		10.00%		10.00%			10.00%
Notes Payable to Directors and Affiliates | Notes payable | Conversion Agreement | Director
Financing Arrangements (Textual)
Interest rate (as a percentage)					10.00%
Number of directors | director					2
Amount of debt convertible upon completion of IPO					$ 1,050,000
Notes Payable to Directors and Affiliates | Notes payable | Conversion Agreement | Director | Conversion terms if IPO is completed on or before July 31, 2014
Financing Arrangements (Textual)
Discount on conversion price, expressed as a percentage at which the shares of the Company's stock are sold in the offering					20.00%
Notes Payable to Directors and Affiliates | Notes payable | Conversion Agreement | Director | Common Stock Warrants
Financing Arrangements (Textual)
Exercise price of warrants (in dollars per share) | $ / shares					$ 1.875
Percentage warrant coverage awarded upon conversion of the debt					100.00%
Price of warrants expressed as a percentage of the initial public offering price, upon conversion of debt					125.00%
Notes Payable to Directors and Affiliates | Notes payable | Letter Agreement | Director
Financing Arrangements (Textual)
Interest rate (as a percentage)				10.00%
Number of directors | director				2
Amount of debt convertible upon completion of IPO				$ 900,000
Notes Payable to Directors and Affiliates | Notes payable | Financial Commitment Letter July 2014 | Director | Subsequent Event
Financing Arrangements (Textual)
Interest rate (as a percentage)													10.00%
Principal amount of debt, maturity date extended													$ 450,000
Notes Payable to Directors and Affiliates | Line of credit
Financing Arrangements (Textual)
Borrowings during period																															$ 350,000
Notes Payable to Directors and Affiliates | Line of credit | Directors and Affiliates
Financing Arrangements (Textual)
Amount outstanding												$ 1,000,000		$ 1,000,000															$ 1,000,000		1,000,000		$ 1,000,000			$ 1,000,000
Accrued interest												121,562		$ 62,315															121,562		121,562		62,315			121,562
Beneficial conversion feature			$ 250,000																												21,000		146,000
Amortization expense																																	$ 104,165
Notes Payable to Directors and Affiliates | Line of credit | Director | Private Placement
Financing Arrangements (Textual)
Principal amount of debt converted	$ 250,000
Number of directors | director	1
Notes Payable to Directors and Affiliates | Line of credit | Director | Private Placement | Subsequent Event
Financing Arrangements (Textual)
Principal amount of debt converted	$ 250,000
Number of directors | director	1
Notes Payable to Directors and Affiliates | Line of credit | Related Party Loan Six | Director
Financing Arrangements (Textual)
Interest rate (as a percentage)														10.00%																			10.00%
Number of directors | director																																	1
Maximum borrowing capacity												1,000,000		$ 1,500,000															1,000,000		1,000,000		$ 1,500,000			1,000,000
Amount outstanding																	$ 1,500,000															$ 1,500,000
Notes Payable to Directors and Affiliates | Line of credit | Related Party Loan Six | Director | Conversion terms if IPO is completed on or before July 31, 2014
Financing Arrangements (Textual)
Discount on conversion price, expressed as a percentage at which the shares of the Company's stock are sold in the offering														20.00%																			20.00%
Notes Payable to Directors and Affiliates | Line of credit | Short term notes payable
Financing Arrangements (Textual)
Amortization expense																													62,000		125,000
Notes Payable to Directors and Affiliates | Line of credit | Letter Agreement | Director
Financing Arrangements (Textual)
Interest rate (as a percentage)				10.00%
Principal amount of debt converted			$ 500,000
Conversion of debt, shares issued | shares			416,667
Amount outstanding			$ 1,500,000
Amount of debt convertible upon completion of IPO				$ 500,000
Proceeds from one or more private placements of debt or equity securities that would trigger the debt instrument to become due				$ 10,000,000
Notes Payable to Directors and Affiliates | Line of credit | Letter Agreement | Director | Common Stock Warrants
Financing Arrangements (Textual)
Price of the warrants issued as part of the debt conversion, expressed as a percentage of the initial public offering price			125.00%
Shares that may be purchased under warrant agreement | shares			333,333
Period of warrant			5 years
Exercise price of warrants (in dollars per share) | $ / shares			$ 1.88
Notes Payable to Directors and Affiliates | Line of credit | Financial Commitment Letter July 2014 | Director
Financing Arrangements (Textual)
Maximum borrowing capacity under financing agreement		$ 2,500,000
Interest rate (as a percentage)		10.00%											10.00%
Default interest rate (as a percentage)		18.00%
Total borrowings																															350,000
Number of directors | director		2
Amount outstanding												348,000		$ 350,000															348,000		348,000		$ 350,000			348,000
Accrued interest												32,588		9,465															32,588		32,588		9,465			32,588
Amount outstanding, including accrued interest												$ 381,000		$ 359,466															$ 381,000		$ 381,000		359,466			$ 381,000
Principal amount of debt, maturity date extended													$ 450,000
Notes Payable to Directors and Affiliates | Line of credit | Financial Commitment Letter July 2014 | Director | Subsequent Event
Financing Arrangements (Textual)
Interest rate (as a percentage)													10.00%
Total borrowings																																	$ 350,000
Principal amount of debt, maturity date extended													$ 450,000
Notes Payable to Directors and Affiliates | Line of credit | Financial Commitment Letter July 2014 | Director | Private Placement | Subsequent Event
Financing Arrangements (Textual)
Principal amount of debt converted													$ 250,000
Notes Payable to Directors and Affiliates | Convertible notes payable | Related Party Loan Six | Director
Financing Arrangements (Textual)
Principal amount of debt converted			$ 265,000
Accrued interest on debt converted			$ 6,763
Conversion of debt, shares issued | shares			226,468
Notes Payable to Directors and Affiliates | Convertible notes payable | Related Party Loan Six | Director | Conversion terms if IPO is completed on or before July 31, 2014 and minimum proceeds from equity offering is not met
Financing Arrangements (Textual)
Debt conversion rate, expressed as a percentage of the per share price of the securities offered in the financing transaction (as a percentage)																																	80.00%
Convertible Notes, due March 2015, interest at 10%
Financing Arrangements (Textual)
Interest rate (as a percentage)																							10.00%												10.00%
Amount outstanding																							$ 575,000												$ 575,000
Convertible Notes, due March 2015, interest at 10% | Convertible notes payable
Financing Arrangements (Textual)
Principal amount of debt, modification of terms																		$ 350,000
Principal and accrued interest reclassified																		$ 356,616
Interest rate (as a percentage)																							10.00%												10.00%
Principal amount of debt converted			$ 225,000
Accrued interest on debt converted			$ 15,015
Conversion of debt, shares issued | shares			177,786
Borrowings																							$ 575,000												$ 575,000
Amount outstanding			$ 225,000
Convertible Notes, due March 2015, interest at 10% | Convertible notes payable | Tranche One
Financing Arrangements (Textual)
Shares that may be purchased under warrant agreement | shares																							87,500												87,500
Exercise price of warrants (in dollars per share) | $ / shares																							$ 4												$ 4
Effective interest rate (as a percentage)																							19.00%												19.00%
Borrowings																							$ 350,000												$ 350,000
Convertible Term Loans, due December 2016, interest at 10%
Financing Arrangements (Textual)
Interest rate (as a percentage)												10.00%		10.00%									10.00%						10.00%		10.00%		10.00%		10.00%	10.00%
Borrowings during period							$ 1,950,000
Maximum borrowings under the investor term loan, proceeds which may be used for repayments to the Senior Secured Lender																				$ 3,400,000
Amount outstanding												$ 2,300,000		$ 2,300,000									$ 500,000						$ 2,300,000		$ 2,300,000		$ 2,300,000		$ 500,000	$ 2,300,000
Convertible Term Loans, due December 2016, interest at 10% | Convertible notes payable
Financing Arrangements (Textual)
Maximum borrowing capacity under financing agreement																							4,000,000												$ 4,000,000
Maximum additional borrowing capacity																							$ 4,000,000
Interest rate (as a percentage)																							10.00%												10.00%
Borrowings during period																																	3,300,000
Principal amount of debt converted			1,000,000
Accrued interest on debt converted			$ 58,630
Conversion of debt, shares issued | shares			980,213
Amount outstanding			$ 2,300,000									2,300,000		2,300,000															2,300,000		2,300,000		2,300,000			2,300,000					$ 3,250,000
Accrued interest												$ 254,329		$ 140,275															$ 254,329		254,329		140,275			$ 254,329
Amount outstanding, including accrued interest																							$ 502,603												$ 502,603
Amount of debt convertible upon completion of IPO																																									$ 1,000,000
Beneficial conversion feature			$ 894,444																														0
Interest expense related to beneficial conversion feature																															894,444		894,444
Convertible Term Loans, due December 2016, interest at 10% | Convertible notes payable | Minimum
Financing Arrangements (Textual)
Increase in interest rate due to default (as a percentage)																							2.00%
Convertible Term Loans, due December 2016, interest at 10% | Convertible notes payable | Maximum
Financing Arrangements (Textual)
Increase in interest rate due to default (as a percentage)																							4.00%
Convertible Term Loans, due December 2016, interest at 10% | Convertible notes payable | Common Stock Warrants
Financing Arrangements (Textual)
Price of the warrants issued as part of the debt conversion, expressed as a percentage of the initial public offering price			125.00%
Shares that may be purchased under warrant agreement | shares			705,753
Period of warrant			5 years
Exercise price of warrants (in dollars per share) | $ / shares			$ 1.875
Convertible Term Loans, due December 2016, interest at 10% | Convertible notes payable | Amendment,, first conversion right
Financing Arrangements (Textual)
Debt conversion rate expressed as a percentage of the price based on the terms offered in the Convertible Subordinated Note, due June 2015									90.00%
Conversion right extension period following closing date of IPO									120 days
Percentage warrant coverage awarded upon conversion of the debt									100.00%
Price of warrants expressed as a percentage of the initial public offering price, upon conversion of debt									125.00%
Convertible Term Loans, due December 2016, interest at 10% | Convertible notes payable | Amendment, second conversion right
Financing Arrangements (Textual)
Debt conversion rate, expressed as a percentage of the per share price of the securities offered in the financing transaction (as a percentage)									125.00%
Percentage warrant coverage awarded upon conversion of the debt									100.00%
Convertible Subordinated Notes, due March 2012, interest at 6%
Financing Arrangements (Textual)
Interest rate (as a percentage)																							6.00%												6.00%
Amount outstanding																							$ 112,561												$ 112,561
Convertible Subordinated Notes, due March 2012, interest at 6% | Convertible notes payable
Financing Arrangements (Textual)
Interest rate (as a percentage)																											6.00%
Principal amount of debt converted																$ 100,000						$ 14,422		$ 200,000
Conversion of debt, shares issued | shares																25,000										124,449
Debt conversion rate (in dollars per share) | $ / shares																										$ 9	$ 9
Debt conversion rate, expressed as a percentage below the per share offering price of securities for sale																											25.00%
Conversion of debt into equity																										$ 1,120,000
Interest paid																$ 19,644
Borrowings																											$ 1,432,561
Convertible Subordinated Notes, due March 2012, interest at 6% | Convertible notes payable | Common Stock Warrants
Financing Arrangements (Textual)
Shares that may be purchased under warrant agreement | shares																											107,442
Exercise price of warrants (in dollars per share) | $ / shares																											$ 4
Convertible Subordinated Notes, due April 2015, interest at 9%
Financing Arrangements (Textual)
Interest rate (as a percentage)																							9.00%												9.00%
Amount outstanding																							$ 200,000												$ 200,000
Convertible Subordinated Notes, due April 2015, interest at 9% | Convertible notes payable
Financing Arrangements (Textual)
Interest rate (as a percentage)																																												9.00%
Principal amount of debt converted																200,000
Accrued interest on debt converted																$ 21,699
Conversion of debt, shares issued | shares																55,424
Debt conversion rate (in dollars per share) | $ / shares																																												$ 4
Borrowings																																												$ 200,000
Convertible Subordinated Notes, due February 2015, interest at 0% | Convertible notes payable
Financing Arrangements (Textual)
Repayments of debt																																	100,000
Borrowings																					$ 100,000													$ 100,000
Minimum amount of equity offering to trigger outstanding debt to become due																					5,000,000
Convertible Subordinated Notes, due June 2015, interest at 8% | Convertible notes payable
Financing Arrangements (Textual)
Interest rate (as a percentage)																		8.00%
Principal amount of debt converted																$ 330,000
Conversion of debt, shares issued | shares																275,000
Interest paid																$ 5,017
Borrowings																		$ 330,000
Series Subordinated Notes, due April 2015 Stated interest rate of 12%, effective interest of 38%
Financing Arrangements (Textual)
Principal and accrued interest reclassified																															$ 499,592		$ 613,808
Interest rate (as a percentage)												12.00%		12.00%									12.00%						12.00%		12.00%		12.00%		12.00%	12.00%
Effective interest rate (as a percentage)																							38.00%												38.00%
Principal amount of debt converted																						250,000
Accrued interest on debt converted																						$ 650,647
Conversion of debt, shares issued | shares																						225,162
Debt conversion rate (in dollars per share) | $ / shares																						$ 4
Monthly installment amount														$ 50,000
Total borrowings																																			$ 430,000		$ 7,800,000
Maximum period for debt maturity date extension																																					90 days
Amount outstanding												$ 499,591		613,808									$ 863,808						$ 499,591		$ 499,591		$ 613,808		863,808	$ 499,591
Accrued interest														$ 100,745									$ 104,096										$ 100,745		$ 104,096
Series Subordinated Notes, due April 2015 Stated interest rate of 12%, effective interest of 38% | Common Stock Warrants
Financing Arrangements (Textual)
Shares that may be purchased under warrant agreement | shares																							35,688												35,688		780,000
Exercise price of warrants (in dollars per share) | $ / shares																																					$ 4
Warrants outstanding (in shares) | shares																							75,000												75,000
Notes Payable, due February 2015, interest at 10%
Financing Arrangements (Textual)
Interest rate (as a percentage)																							10.00%												10.00%
Amount outstanding																							$ 100,000												$ 100,000
Notes Payable, due February 2015, interest at 10% | Short term notes payable | Common Stock Warrants
Financing Arrangements (Textual)
Shares that may be purchased under warrant agreement | shares														821,250																			821,250
Exercise price of warrants (in dollars per share) | $ / shares														$ 3.60																			$ 3.60
Warrants related to short term notes that were converted into equity | shares														302,500																			302,500
Fair value of warrants issued during period																																	$ 573
Total borrowings																																	$ 3,285,000
Warrants issued equal to percentage of principal amount of debt																																	25.00%
Notes Payable, due February 2015, interest at 10% | Short term notes payable | Common Stock Warrants | Minimum
Financing Arrangements (Textual)
Period of warrant																																	3 years
Notes Payable, due February 2015, interest at 10% | Short term notes payable | Common Stock Warrants | Maximum
Financing Arrangements (Textual)
Period of warrant																																	5 years
Notes Payable, due February 2015, interest at 10% | Short term notes payable | Director | Common Stock Warrants
Financing Arrangements (Textual)
Shares that may be purchased under warrant agreement | shares														718,750																			718,750
Total borrowings																																	$ 2,875,000
Number of directors | director																																	2
Notes Payable, due February 2015, interest at 10% | Notes payable
Financing Arrangements (Textual)
Interest rate (as a percentage)																						10.00%	10.00%												10.00%
Repayments of debt																																	$ 250,000
Interest paid																																	13,233
Borrowings																						$ 150,000	$ 100,000												$ 100,000
Notes Payable, due the earlier of raising $10 million in proceeds from private placements or January 2016, interest between 8.25% and 12%
Financing Arrangements (Textual)
Amount outstanding												$ 74,486		$ 74,486															$ 74,486		74,486		74,486			$ 74,486
Proceeds from one or more private placements of debt or equity securities that would trigger the debt instrument to become due																															$ 10,000,000		$ 10,000,000
Notes Payable, due the earlier of raising $10 million in proceeds from private placements or January 2016, interest between 8.25% and 12% | Minimum
Financing Arrangements (Textual)
Interest rate (as a percentage)												8.25%		8.25%															8.25%		8.25%		8.25%			8.25%
Notes Payable, due the earlier of raising $10 million in proceeds from private placements or January 2016, interest between 8.25% and 12% | Maximum
Financing Arrangements (Textual)
Interest rate (as a percentage)												12.00%		12.00%															12.00%		12.00%		12.00%			12.00%
Notes Payable, due the earlier of raising $10 million in proceeds from private placements or January 2016, interest between 8.25% and 12% | Merger Transaction | DE2
Financing Arrangements (Textual)
Long term debt assumed																						$ 74,486
Proceeds from one or more private placements of debt or equity securities that would trigger the debt instrument to become due																					$ 10,000,000
Note Payable, due August 2021, interest at 0%
Financing Arrangements (Textual)
Interest rate (as a percentage)												0.00%		0.00%															0.00%		0.00%		0.00%			0.00%
Amount outstanding												$ 192,000		$ 192,000															$ 192,000		$ 192,000		$ 192,000			$ 192,000
Note Payable, due August 2021, interest at 0% | Notes payable
Financing Arrangements (Textual)
Interest rate (as a percentage)															0.00%
Default interest rate (as a percentage)															20.00%
Borrowings															$ 192,000
Debt premium immediately due if the Company transfers more than a majority of its ownership, expressed as a percentage of the principal balance															30.00%
Default period to trigger increase in interest rate															30 days
Installment Note Payable - Bank
Financing Arrangements (Textual)
Amount outstanding												$ 313,017		$ 252,244									$ 137,383						$ 313,017		$ 313,017		$ 252,244		$ 137,383	$ 313,017
Installment Note Payable - Bank | Notes payable to bank
Financing Arrangements (Textual)
Borrowings																				330,020
Monthly installment amount																				$ 9,903
Installment Note Payable - Bank | Notes payable to bank | Minimum
Financing Arrangements (Textual)
Minimum interest rate (as a percentage)																				5.00%
Installment Note Payable - Bank | Notes payable to bank | Prime Rate
Financing Arrangements (Textual)
Basis spread on variable rate																				1.00%
Convertible Preferred Stock Series A
Financing Arrangements (Textual)
Share price (in dollars per share) | $ / shares												$ 1.50		$ 1.50															$ 1.50		$ 1.50		$ 1.50			$ 1.50
Convertible Preferred Stock Series A | Subsequent Event
Financing Arrangements (Textual)
Share price (in dollars per share) | $ / shares														1.50																			1.50
Convertible Preferred Stock Series A | Private Placement
Financing Arrangements (Textual)
Share price (in dollars per share) | $ / shares														1.50																			1.50						$ 1.50
Convertible Preferred Stock Series A | Private Placement | Subsequent Event
Financing Arrangements (Textual)
Share price (in dollars per share) | $ / shares																																								$ 1.50
Convertible Preferred Stock Series B
Financing Arrangements (Textual)
Share price (in dollars per share) | $ / shares	$ 1.15											$ 1.15																	$ 1.15		$ 1.15					$ 1.15
Convertible Preferred Stock Series B | Subsequent Event
Financing Arrangements (Textual)
Share price (in dollars per share) | $ / shares														$ 1.15																			$ 1.15
Convertible Preferred Stock Series B | Private Placement
Financing Arrangements (Textual)
Share price (in dollars per share) | $ / shares																																							$ 1.15
Convertible Preferred Stock Series B | Private Placement | Subsequent Event
Financing Arrangements (Textual)
Share price (in dollars per share) | $ / shares																																								$ 1.15
Convertible Preferred Stock Series B | Director | Private Placement
Financing Arrangements (Textual)
Conversion of debt, shares issued | shares	217,391
Convertible Preferred Stock Series B | Director | Private Placement | Subsequent Event
Financing Arrangements (Textual)
Conversion of debt, shares issued | shares	217,391
Convertible Preferred Stock Series B | Financial Commitment Letter July 2014 | Director | Private Placement | Subsequent Event
Financing Arrangements (Textual)
Conversion of debt, shares issued | shares													217,391

Commitments and Contingencies -

Commitments and Contingencies - Operating Leases (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015USD ($)ft²	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)ft²	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)ft²	Dec. 31, 2013USD ($)
Commitments and Contingencies
Rent expense | $	$ 125,742	$ 74,526	$ 252,720	$ 135,577	$ 441,148	$ 383,807
Chanhassen office lease
Commitments and Contingencies
Area of office space	22,000		22,000		22,000
Dallas office lease
Commitments and Contingencies
Area of office space	1,812		1,812		1,812
Various computer leases
Commitments and Contingencies
Operating lease term			3 years		3 years

Commitments and Contingencies47

Commitments and Contingencies - Minimum Lease Commitments and Other (Details) - USD ($)	Aug. 08, 2014	Jun. 23, 2014	Mar. 25, 2014	Jun. 30, 2015	Jan. 31, 2015	Dec. 31, 2014
Minimum Lease Commitments
2,015						$ 374,000
2,016				$ 288,079		260,000
2,017				65,361		43,000
Minimum lease commitments total				$ 586,673		$ 677,000
Financial Services Agreements
Investment advisory fee to be paid in cash and equity securities			$ 100,000
Investment advisory fee, amended, percentage of total to be paid in cash		100.00%
Investment advisory compensation, expressed as a percentage of funds raised	8.00%			5.00%	7.00%
Investment advisory service, warrant issuance, period of warrant	5 years
Warrants issued equal to percentage of shares issued as part of a private equity offering	3.00%				7.00%
Price of warrants expressed as a percentage of the price of securities sold as part of a private equity offering per the terms of the financial advisory services agreement					120.00%
Investment advisory fee	$ 50
Legal and other out-of-pocket expense the Company has agreed to pay related to the private equity offering	$ 50,000
Term of investment advisory services agreement	6 months				6 months
Equity offering per terms investment advisory services agreement					$ 15,000,000
Investment advisory service, term of warrant					5 years

Income Taxes - (Details)

Income Taxes - (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Reconciliation of statutory tax expense (benefit) to actual tax expense (benefit)
Federal statutory rate at 34 percent		$ (5,341,000,000)
State taxes, net of federal tax expense (benefit)		(440,000,000)
Nondeductible intereset		750,000,000
Stock-based compensation		67,000,000
Nondeductible acquisition costs		34,000,000
Nondeductible meals & entertainment		27,000,000
Change in valuation allowance		4,903,000,000
Income Tax Expense (Benefit)	$ 0
Non-Current
Net operating loss carry forward		4,396,000,000
Definite-lived intangibles		142,000,000
Non-qualified stock-based compensation		293,000,000
Current
Accounts receivable allowance		9,000,000
Accrued expenses		72,000,000
Gross deferred tax assets		4,912,000,000
Non-Current
Amortization of indefinite-lived intangible		(4,000,000)
Property, plant and equipment		(28,000,000)
Gross deferred tax liabilities		(32,000,000)
Net deferred tax assets before valuation allowance		4,880,000,000
Less: valuation allowance		$ (4,880,000,000)

Income Taxes - NOL Carryforward

Income Taxes - NOL Carryforwards and Uncertain Tax Positions (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Operating Loss Carryforwards [Line Items]
Uncertain tax positions	$ 0	$ 0
State
Operating Loss Carryforwards [Line Items]
NOL carryforwards		6,886,000
Federal
Operating Loss Carryforwards [Line Items]
NOL carryforwards		$ 11,818,000

Acquisition - Aggregate Purchas

Acquisition - Aggregate Purchase Price (Details) - USD ($)	Mar. 04, 2014	May. 31, 2014	Jun. 30, 2014	Dec. 31, 2014	Jul. 31, 2014
Acquisition
Cash paid for acquisition			$ 1,375,000	$ 2,125,000
Payment Arrangement One
Acquisition
Contingent consideration liability					$ 375,000
Payment Arrangement Two
Acquisition
Contingent consideration payments		$ 250,000
DeviceFidelity
Acquisition
Cash paid for acquisition	$ 1,125,000
Maximum amount of contingent consideration to be paid	1,000,000
DeviceFidelity | Maximum
Acquisition
Aggregate purchase price	2,125,000
DeviceFidelity | Payment Arrangement One
Acquisition
Maximum amount of contingent consideration to be paid	375,000
DeviceFidelity | Payment Arrangement Two
Acquisition
Maximum amount of contingent consideration to be paid	250,000
DeviceFidelity | Payment Arrangement Three
Acquisition
Maximum amount of contingent consideration to be paid	$ 375,000

Acquisition - Purchase Price Al

Acquisition - Purchase Price Allocation (Details) - USD ($)	Mar. 04, 2014	Jun. 30, 2014	Dec. 31, 2014	Jun. 30, 2015
Purchase Price:
Cash paid		$ 1,375,000	$ 2,125,000
Fair Value of Assets Acquired and Liabilities Assumed
Goodwill			$ 204,000	$ 204,000
DeviceFidelity
Purchase Price:
Cash paid	$ 1,125,000
Maximum amount of contingent consideration to be paid	1,000,000
Fair Value of Assets Acquired and Liabilities Assumed
Property and equipment, net	4,000
Total assets acquired in excess of liabilities assumed	1,921,000
Goodwill	204,000
Total purchase price	2,125,000
DeviceFidelity | Maximum
Purchase Price:
Aggregate purchase price	2,125,000
DeviceFidelity | Customer Contracts
Fair Value of Assets Acquired and Liabilities Assumed
Identifiable intangible assets acquired:	1,000,000
DeviceFidelity | Proprietary Software
Fair Value of Assets Acquired and Liabilities Assumed
Identifiable intangible assets acquired:	$ 917,000

Acquisition - Pro Forma Informa

Acquisition - Pro Forma Information (Details) - DeviceFidelity - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Pro forma information
Revenues	$ 1,001,251	$ 608,917	$ 2,006,690	$ 1,107,433	$ 2,670,142	$ 2,108,727
Net Loss	$ (8,887,306)	$ (4,246,802)	$ (12,051,793)	$ (7,852,576)	$ (16,443,673)	$ (15,144,439)
Basic and diluted net loss per common share	$ (0.36)	$ (0.65)	$ (0.56)	$ (1.22)	$ (1.43)	$ (3.54)
Weighted average shares - basic and diluted	24,464,979	6,536,602	21,627,532	6,451,619	11,477,666	4,279,890

Goodwill and Finite Life Inta53

Goodwill and Finite Life Intangible Assets - Goodwill and Intangible Assets (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)item	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)item
Goodwill and Finite Life Intangibles Assets
Number or reporting units tested for goodwill impairment | item			1		1
Goodwill	$ 204,000		$ 204,000		$ 204,000
Finite-Lived Intangible Assets [Line Items]
Gross Assets	1,917,000		1,917,000		1,917,000
Accumulated Amortization	(774,497)		(774,497)		(479,999)
Net Assets	1,142,503		1,142,503		1,437,001
Amortization expense	147,249	$ 131,997	294,498	$ 173,249	479,999
Customer Contracts
Finite-Lived Intangible Assets [Line Items]
Gross Assets	1,000,000		1,000,000		1,000,000
Accumulated Amortization	(368,535)		(368,535)		(226,869)
Net Assets	631,465		631,465		773,131
Amortization expense	70,833	55,581	$ 141,666	74,222	$ 226,869
Proprietary Software
Finite-Lived Intangible Assets [Line Items]
Amortizable Period (years)			3 years		3 years
Gross Assets	917,000		$ 917,000		$ 917,000
Accumulated Amortization	(405,962)		(405,962)		(253,130)
Net Assets	511,038		511,038		663,870
Amortization expense	$ 76,416	$ 76,416	$ 152,832	$ 99,027	$ 253,130
Maximum | Customer Contracts
Finite-Lived Intangible Assets [Line Items]
Amortizable Period (years)			5 years		5 years
Minimum | Customer Contracts
Finite-Lived Intangible Assets [Line Items]
Amortizable Period (years)			3 years		3 years

Goodwill and Finite Life Inta54

Goodwill and Finite Life Intangibles Assets - Future Amortization Expense (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Goodwill and Finite Life Intangibles Assets
2,015		$ 589,000
2,016	$ 589,000	589,000
2,017	170,000	170,000
2,018	75,000	75,000
2,019	14,002	14,001
Net Assets	$ 1,142,503	$ 1,437,001

Shareholders' Equity - Reverse

Shareholders' Equity - Reverse Merger (Details)	Mar. 18, 2014$ / sharesshares	Feb. 12, 2014USD ($)	Dec. 31, 2014USD ($)$ / sharesshares	Jun. 30, 2015USD ($)$ / sharesshares	Mar. 17, 2014$ / sharesshares	Dec. 31, 2013USD ($)$ / sharesshares
Reverse Merger
Total assets			$ 3,010,743	$ 4,710,891		$ 1,593,327
Shares authorized, common | shares	500,000,000		500,000,000	500,000,000	22,500,000	500,000,000
Par value, common (in dollars per share) | $ / shares	$ 0.0001		$ 0.0001	$ 0.0001	$ 0.01	$ 0.0001
Shares authorized, preferred | shares	20,000,000		20,000,000	20,000,000	2,500,000	20,000,000
Merger Transaction
Reverse Merger
Shares authorized, common | shares	500,000,000
Par value, common (in dollars per share) | $ / shares	$ 0.0001
Shares authorized, preferred | shares	20,000,000
Merger Transaction | DE2
Reverse Merger
Ownership interest		3.00%
Fair value of estimated consideration		$ 507,000
Long term debt assumed		85,105
Recognized identifiable assets acquired		0
Exchange ratio	0.09129752
DE2
Reverse Merger
Total assets		$ 0
DE2 | Merger Transaction
Reverse Merger
Period for additional share purchase by DE2 shareholders, first period		30 days
Period for additional share purchase by DE2 shareholders, second period		120 days
Fully diluted ownership interest threshold (as a percent)		3.00%
Additional shares issued, period one | shares			0
DE2 | Merger Transaction | Common Stock
Reverse Merger
Number of shares of acquirer common stock issued per share of acquiree's common stock		10.9532

Shareholders' Equity - Converti

Shareholders' Equity - Convertible Preferred Stock (Details) - USD ($)	Jul. 14, 2014	Jun. 30, 2015	Feb. 28, 2015	Jul. 31, 2014	Mar. 31, 2015	Mar. 27, 2015	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2013	Feb. 03, 2015
Shareholders' Equity
Proceeds from issuance of convertible preferred stock and warrants							$ 2,200,000	$ 3,000,000
Subsequent Event
Shareholders' Equity
Proceeds from issuance of convertible preferred stock and warrants								2,200,000
Private Placement
Shareholders' Equity
Exercise price of warrants (in dollars per share)		$ 0.4816					$ 0.4816
Proceeds from issuance of convertible preferred stock and warrants								$ 3,000,000
Director
Shareholders' Equity
Shares that may be purchased under warrant agreement		913,659					913,659
Exercise price of warrants (in dollars per share)		$ 0.4378					$ 0.4378
Director | Private Placement
Shareholders' Equity
Cancellation of debt, amount							$ 250,000
Director | Private Placement | Subsequent Event
Shareholders' Equity
Cancellation of debt, amount						$ 250,000
Common Stock Warrants
Shareholders' Equity
Period of warrant		5 years		5 years				5 years
Shares that may be purchased under warrant agreement				3,289,086				2,229,702	232,450
Exercise price of warrants (in dollars per share)				$ 1.88				$ 2
Adjusted exercise price of warrants (in dollars per share)		$ 0.45					$ 0.45
Common Stock Warrants | Subsequent Event
Shareholders' Equity
Exercise price of warrants (in dollars per share)								1.15
Common Stock Warrants | Private Placement | Subsequent Event
Shareholders' Equity
Exercise price of warrants (in dollars per share)								$ 1.15
Common Stock Warrants | Director
Shareholders' Equity
Period of warrant	5 years	5 years
Shares that may be purchased under warrant agreement	2,250,000
Exercise price of warrants (in dollars per share)	$ 1.88
Common Stock Purchase Warrants Issued In Connection With Issuance Of Series A Convertible Preferred Stock
Shareholders' Equity
Period of warrant							5 years
Shares that may be purchased under warrant agreement		9,000					9,000
Exercise price of warrants (in dollars per share)		$ 2					$ 2			$ 2
Adjusted exercise price of warrants (in dollars per share)		$ 0.4816					$ 0.4816			0.4816
Common Stock Purchase Warrants Issued In Connection With Issuance Of Series A Convertible Preferred Stock | Subsequent Event
Shareholders' Equity
Period of warrant								5 years
Shares that may be purchased under warrant agreement								9,000
Exercise price of warrants (in dollars per share)								$ 2
Adjusted exercise price of warrants (in dollars per share)								$ 1.15
Common Stock Purchase Warrants Issued In Connection With Issuance Of Series A Convertible Preferred Stock | Private Placement
Shareholders' Equity
Period of warrant					5 years			5 years
Shares that may be purchased under warrant agreement					9,000			2,229,702
Exercise price of warrants (in dollars per share)					$ 2			$ 2
Adjusted exercise price of warrants (in dollars per share)					$ 0.4816			$ 1.15
Common Stock Purchase Warrants Issued In Connection With Issuance Of Series A Convertible Preferred Stock | Private Placement | Subsequent Event
Shareholders' Equity
Period of warrant						5 years
Shares that may be purchased under warrant agreement						9,000
Exercise price of warrants (in dollars per share)						$ 2
Adjusted exercise price of warrants (in dollars per share)						$ 1.15
Common Stock Purchase Warrants Issued in Connection With Issuance of Series B Convertible Preferred Stock
Shareholders' Equity
Period of warrant							5 years
Shares that may be purchased under warrant agreement		2,065,891					2,065,891
Common Stock Purchase Warrants Issued in Connection With Issuance of Series B Convertible Preferred Stock | Subsequent Event
Shareholders' Equity
Period of warrant								5 years
Shares that may be purchased under warrant agreement								2,065,891
Exercise price of warrants (in dollars per share)								$ 1.15
Common Stock Purchase Warrants Issued in Connection With Issuance of Series B Convertible Preferred Stock | Private Placement
Shareholders' Equity
Period of warrant					5 years
Shares that may be purchased under warrant agreement					2,065,891
Exercise price of warrants (in dollars per share)					$ 1.15
Adjusted exercise price of warrants (in dollars per share)					$ 0.4816
Proceeds from issuance of convertible preferred stock and warrants							$ 2,200,000
Common Stock Purchase Warrants Issued in Connection With Issuance of Series B Convertible Preferred Stock | Private Placement | Subsequent Event
Shareholders' Equity
Period of warrant						5 years
Shares that may be purchased under warrant agreement						2,065,891
Exercise price of warrants (in dollars per share)						$ 1.15
Proceeds from issuance of convertible preferred stock and warrants						$ 2,200,000
Common Stock
Shareholders' Equity
Share price (in dollars per share)									$ 4
Issuance of shares (in shares)			74,765					4,542,782	319,000
Common Stock | Conversion of Series A Preferred Shares
Shareholders' Equity
Conversion of stock, shares issued (in shares)			2,920,039
Common Stock | Conversion of Series B Preferred Shares
Shareholders' Equity
Conversion of stock, shares issued (in shares)			2,065,891
Convertible Preferred Stock
Shareholders' Equity
Minimum aggregate financing required after closing for full ratchet							$ 5,000,000
Convertible Preferred Stock Series A
Shareholders' Equity
Share price (in dollars per share)		$ 1.50					$ 1.50	$ 1.50
Issuance of shares (in shares)							9,000	2,229,702
Divident rate ( as a percentage)							8.00%
Conversion price (in dollars per share)										1.50
Adjusted conversion price (in dollars per share)										1.15
Period from closing, full ratchet							180 days
Minimum aggregate financing required after closing for full ratchet							$ 5,000,000
Convertible Preferred Stock Series A | Subsequent Event
Shareholders' Equity
Share price (in dollars per share)								$ 1.50
Issuance of shares (in shares)								9,000
Divident rate ( as a percentage)								8.00%
Conversion price (in dollars per share)								$ 1.50
Adjusted conversion price (in dollars per share)								$ 1.15
Period from closing, full ratchet								180 days
Minimum aggregate financing required after closing for full ratchet								$ 5,000,000
Convertible Preferred Stock Series A | Private Placement
Shareholders' Equity
Issuance of convertible preferred stock (in shares)					9,000			2,229,702
Share price (in dollars per share)					$ 1.50			$ 1.50
Convertible Preferred Stock Series A | Private Placement | Subsequent Event
Shareholders' Equity
Issuance of convertible preferred stock (in shares)						9,000
Share price (in dollars per share)						$ 1.50
Convertible Preferred Stock Series A | Conversion of Series A Preferred Shares
Shareholders' Equity
Conversion of stock, shares converted (in shares)			2,238,702
Convertible Preferred Stock Series B
Shareholders' Equity
Share price (in dollars per share)		$ 1.15					$ 1.15			$ 1.15
Issuance of shares (in shares)							2,065,891
Divident rate ( as a percentage)							8.00%
Convertible Preferred Stock Series B | Subsequent Event
Shareholders' Equity
Share price (in dollars per share)								$ 1.15
Issuance of shares (in shares)								2,065,891
Divident rate ( as a percentage)								8.00%
Convertible Preferred Stock Series B | Private Placement
Shareholders' Equity
Issuance of convertible preferred stock (in shares)					2,065,891
Share price (in dollars per share)					$ 1.15
Convertible Preferred Stock Series B | Private Placement | Subsequent Event
Shareholders' Equity
Issuance of convertible preferred stock (in shares)						2,065,891
Share price (in dollars per share)						$ 1.15
Convertible Preferred Stock Series B | Conversion of Series B Preferred Shares
Shareholders' Equity
Conversion of stock, shares converted (in shares)			2,065,891

Shareholders' Equity - Common S

Shareholders' Equity - Common Stock and Warrants (Details)	Jul. 14, 2014USD ($)$ / sharesshares	Jun. 30, 2015USD ($)$ / sharesshares	Feb. 28, 2015USD ($)$ / sharesshares	Jan. 31, 2015$ / sharesshares	Dec. 31, 2014USD ($)$ / sharesshares	Jul. 31, 2014USD ($)$ / sharesshares	May. 31, 2014$ / sharesshares	Jan. 31, 2014USD ($)$ / sharesshares	Nov. 30, 2013shares	Jun. 30, 2013USD ($)shares	Feb. 28, 2013USD ($)$ / sharesshares	Jun. 30, 2015USD ($)$ / sharesshares	Jun. 30, 2014USD ($)shares	Sep. 30, 2013USD ($)$ / sharesshares	Dec. 31, 2014USD ($)$ / sharesshares	Feb. 28, 2014USD ($)shares	Dec. 31, 2013USD ($)director$ / sharesshares	Apr. 13, 2015$ / shares	Mar. 18, 2014$ / sharesshares	Mar. 17, 2014$ / sharesshares	Jan. 14, 2014$ / sharesshares
Shareholders' Equity
Debt conversion, holders' share premium (as percent)											10.00%
Debt converted						$ 6,301,241		$ 986,793									$ 6,744,139
Conversion of debt into shares (in shares) | shares						5,139,169		246,867									1,854,638
Value of premium shares expensed																	$ 674,414
Debt conversion rate, prior to adjustment (in dollars per share) | $ / shares														$ 9
Debt conversion rate (in dollars per share) | $ / shares														$ 4
Additional shares issued due to adjustment in debt conversion rate (in shares) | shares														427,619
Additional shares issued due to adjustment in debt conversion rate														$ 1,710,475
Cancellation of warrants, shares that were available for purchase under warrant agreement (in shares) | shares																	1,948,948
Common stock, shares authorized | shares		500,000,000			500,000,000							500,000,000			500,000,000		500,000,000		500,000,000	22,500,000
Common stock, par value | $ / shares		$ 0.0001			$ 0.0001							$ 0.0001			$ 0.0001		$ 0.0001		$ 0.0001	$ 0.01
Adjustment for fair value of warrants												$ 2,646,170	$ (100,000)
Private Placement
Shareholders' Equity
Exercise price of warrants (in dollars per share) | $ / shares		0.4816										$ 0.4816
Conversion Agreement
Shareholders' Equity
Percentage of the number of shares of common stock received under the conversion agreement					100.00%										100.00%
Director
Shareholders' Equity
Exercise price of warrants (in dollars per share) | $ / shares		$ 0.4378										$ 0.4378
Shares that may be purchased under warrant agreement | shares		913,659										913,659
Director One
Shareholders' Equity
Principal amount of debt that is secured by personal assets of a director																	$ 1,105,000
Investor
Shareholders' Equity
Number of common shares exchanged for warrants | shares					162,662
Fair value of common stock on date of issuance exchanged for warrants					$ 650,647										$ 650,647
Lender
Shareholders' Equity
Debt converted										$ 140,000
Former director
Shareholders' Equity
Debt converted																	1,100,000
Common Stock Warrants
Shareholders' Equity
Ratio of warrants exchanged into common shares									0.20
Warrants outstanding exchanged for common stock (in shares) | shares									389,790			19,692			19,692
Cancellation of warrants, shares that were available for purchase under warrant agreement (in shares) | shares									1,948,948			3,938			3,938
Fair value of shares issued in excess of the warrants exchanged												$ 7,906			$ 7,906		681,189
Exercise price of warrants exchanged during period (in dollars per share) | $ / shares												$ 4			$ 4
Exercise price of warrants (in dollars per share) | $ / shares					$ 2	$ 1.88									$ 2
Fair value of warrants issued during period		$ 2,787															$ 157,000
Shares that may be purchased under warrant agreement | shares					2,229,702	3,289,086									2,229,702		232,450
Period of warrant		5 years				5 years									5 years
Price of warrants expressed as a percentage of the initial public offering price, upon conversion of debt						125.00%
Debt converted resulting in warrants issued						$ 5,100,000
Number of warrants issued as inducement for debt conversion to equity						$ 2,583,333
Adjustment for fair value of warrants															$ 46,000
Fair value of warrants related to convertible preferred stock issuance					$ 163,570										$ 163,570
Common Stock Warrants | Minimum
Shareholders' Equity
Exercise price of warrants (in dollars per share) | $ / shares																	$ 4
Common Stock Warrants | Maximum
Shareholders' Equity
Exercise price of warrants (in dollars per share) | $ / shares																	$ 5
Common Stock Warrants | Subsequent Event
Shareholders' Equity
Exercise price of warrants (in dollars per share) | $ / shares					$ 1.15										$ 1.15
Common Stock Warrants | Private Placement | Subsequent Event
Shareholders' Equity
Exercise price of warrants (in dollars per share) | $ / shares					1.15										1.15
Common Stock Warrants | Conversion Agreement
Shareholders' Equity
Exercise price of warrants (in dollars per share) | $ / shares					$ 2										$ 2
Period of warrant					5 years
Common Stock Warrants | Short term notes payable
Shareholders' Equity
Exercise price of warrants (in dollars per share) | $ / shares								$ 3.60													$ 3.60
Fair value of warrants issued during period															$ 573
Shares that may be purchased under warrant agreement | shares								821,250													821,250
Warrants issued equal to percentage of principal amount of debt								25.00%
Total borrowings																$ 3,285,000
Warrants related to short term notes that were converted into equity | shares								302,500
Common Stock Warrants | Short term notes payable | Minimum
Shareholders' Equity
Period of warrant								3 years
Common Stock Warrants | Short term notes payable | Maximum
Shareholders' Equity
Period of warrant								5 years
Common Stock Warrants | Short term notes payable | Subsequent Event
Shareholders' Equity
Exercise price of warrants (in dollars per share) | $ / shares																		$ 1.40
Common Stock Warrants | Director
Shareholders' Equity
Exercise price of warrants (in dollars per share) | $ / shares	$ 1.88
Shares that may be purchased under warrant agreement | shares	2,250,000
Period of warrant	5 years	5 years
Common Stock Warrants | Director | Short term notes payable
Shareholders' Equity
Shares that may be purchased under warrant agreement | shares																718,750
Total borrowings																$ 2,875,000
Common Stock Warrants | Director | Senior Secured Note Payable, due August 2013
Shareholders' Equity
Exercise price of warrants (in dollars per share) | $ / shares											$ 4
Fair value of warrants issued during period											$ 205,000
Shares that may be purchased under warrant agreement | shares											281,250
Common Stock Warrants | Director One
Shareholders' Equity
Fair value of warrants issued during period																	$ 389,000
Shares that may be purchased under warrant agreement | shares																	76,560
Common Stock Warrants | Director One | Conversion Agreement
Shareholders' Equity
Shares that may be purchased under warrant agreement | shares					438,161										438,161
Common Stock Warrants | Director Two
Shareholders' Equity
Fair value of warrants issued during period																	$ 42,100
Shares that may be purchased under warrant agreement | shares																	8,291
Common Stock Warrants | Director Two | Conversion Agreement
Shareholders' Equity
Shares that may be purchased under warrant agreement | shares					591,432										591,432
Common Stock Warrants | Placement Agent | Subsequent Event
Shareholders' Equity
Exercise price of warrants (in dollars per share) | $ / shares					$ 1.15										$ 1.15
Shares that may be purchased under warrant agreement | shares					109,931										109,931
Period of warrant															5 years
Common Stock Warrants | Placement Agent | Private Placement
Shareholders' Equity
Exercise price of warrants (in dollars per share) | $ / shares					$ 2										$ 2
Period of warrant												5 years			5 years
Common Stock Warrants | Placement Agent | Private Placement | Maximum
Shareholders' Equity
Shares that may be purchased under warrant agreement | shares					100,224										100,224
Common Stock Warrants | Investor
Shareholders' Equity
Exercise price of warrants (in dollars per share) | $ / shares				$ 1.40	$ 1.50										$ 1.50
Fair value of warrants issued during period					$ 60,327
Shares that may be purchased under warrant agreement | shares				75,000	325,324										325,324
Period of warrant				10 years	5 years
Adjustment for fair value of warrants												$ 11,238
Common Stock Warrants | Guarantee of Lease by Director [Member] | Director
Shareholders' Equity
Exercise price of warrants (in dollars per share) | $ / shares		$ 0.44	$ 1.15									$ 0.44
Fair value of warrants issued during period		$ 22,000	$ 76,489
Shares that may be purchased under warrant agreement | shares		241,900	407,614									241,900
Period of warrant		5 years	5 years
Common Stock Warrants | Guarantee of Lease by Director [Member] | Director | Subsequent Event
Shareholders' Equity
Exercise price of warrants (in dollars per share) | $ / shares			$ 1.15
Shares that may be purchased under warrant agreement | shares			407,614
Period of warrant			5 years
Common Stock Warrants | Consulting firm
Shareholders' Equity
Exercise price of warrants (in dollars per share) | $ / shares							$ 1.50
Period of warrant							5 years
Shares that may be purchased under warrant agreement for each of the three directors | shares							50,000
Number of warrants to be issued upon achievement of certain performance goals | shares							30,000
Adjustment for fair value of warrants															$ 20,611
Common Stock Warrants | Consulting firm | Expected
Shareholders' Equity
Period of warrant							5 years
Common Stock
Shareholders' Equity
Issuance of shares (in shares) | shares			74,765												4,542,782		319,000
Share price (in dollars per share) | $ / shares																	$ 4
Gross proceeds from issuance of stock																	$ 1,276,000
Stock issued as consideration for reverse merger (in shares) | shares													456,486		488,970
Common stock issued for debt issuance (in shares) | shares												332,028			382,809
Equity impact of common shares exchanged for warrants															$ (16)
Common Stock | IPO
Shareholders' Equity
Issuance of shares (in shares) | shares	4,500,000
Share price (in dollars per share) | $ / shares	$ 1.50
Gross proceeds from issuance of stock	$ 6,750,000
Common Stock | Director
Shareholders' Equity
Common stock issued for debt issuance (in shares) | shares															382,809
Common Stock | Lender
Shareholders' Equity
Conversion of debt into shares (in shares) | shares										35,000
Additional Paid In Capital
Shareholders' Equity
Equity impact of common shares exchanged for warrants					$ (590,320)										$ (590,304)
Accumulated Deficit
Shareholders' Equity
Equity impact of common shares exchanged for warrants															$ 590,320
Accumulated Deficit | Investor
Shareholders' Equity
Equity impact of common shares exchanged for warrants					$ 590,320
Notes payable to bank | Director
Shareholders' Equity
Number of directors that have agreed to guarantee the debt instrument | director																	3
Maximum guarantee amount by each of three directors																	$ 1,041,000
Notes payable to bank | Common Stock Warrants | Director
Shareholders' Equity
Fair value of warrants issued to each of three directors for the guarantee of debt																	$ 1,191,000
Shares that may be purchased under warrant agreement for each of the three directors | shares																	78,125

Shareholders' Equity - Summary

Shareholders' Equity - Summary of Activity and Fair Value Assumptions, Warrants (Details) - $ / shares	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Nov. 30, 2013	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Summary of warrant activity
Number of Warrants, Beginning Balance				8,903,348	407,904	407,904	1,557,980
Number of Warrants, Issued						8,495,444	798,872
Number of Warrants, Exchanged for shares							(1,948,948)
Number of Warrants, Ending Balance						8,903,348	407,904
Weighted Average Exercise Price, Beginning Balance				$ 2.06	$ 3.35	$ 3.35	$ 4.16
Weighted Average Exercise Price, Issued						2.05	3.80
Weighted Average Exerice Price, Exchanged for shares							4.02
Weighted Average Exercise Price, Ending Balance						$ 2.06	$ 3.35
Weighted Remaining Life						4 years 6 months 26 days	3 years 5 months 5 days
Common Stock Warrants
Summary of warrant activity
Number of Warrants, Exchanged for shares	(1,948,948)			(3,938)		(3,938)
Summary of estimated fair value of warrant
Expected dividend		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Stock Warrants | Minimum
Summary of estimated fair value of warrant
Expected term		1 year 6 months	1 year 6 months	1 year 6 months	1 year 6 months	1 year 6 months	1 year 6 months
Volatility			26.00%		26.00%	26.00%	26.00%
Risk-free interest rate		0.25%	0.25%	0.25%	0.25%	0.12%	0.12%
Common Stock Warrants | Maximum
Summary of estimated fair value of warrant
Expected term		5 years	5 years	5 years	5 years	5 years	5 years
Volatility		38.00%	38.00%	38.00%	38.00%	38.00%	38.00%
Risk-free interest rate		1.37%	1.37%	1.37%	1.37%	1.14%	1.14%

Stock-Based Compensation and 59

Stock-Based Compensation and Benefit Plans - Plan Details (Details) - USD ($)	Feb. 12, 2014	Dec. 31, 2014	Apr. 30, 2014	Feb. 28, 2013	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013	Mar. 18, 2014	Mar. 17, 2014	Dec. 31, 2012
Stock-Based Compensation and Benefit Plans (Textual)
Common stock, par value		$ 0.0001			$ 0.0001		$ 0.0001		$ 0.0001	$ 0.0001	$ 0.0001	$ 0.01
Share-based compensation expense					$ 83,402	$ 38,699	$ 154,308	$ 85,209	$ 316,176	$ 700,715
Share-based compensation, costs not yet recognized				$ 117,000
Options granted									2,004,420	330,470
Options granted, exercise price									$ 1.50	$ 4.13
Options outstanding		2,704,587							2,704,587	827,543			614,042
Directors, officers and business consultants
Stock-Based Compensation and Benefit Plans (Textual)
Options outstanding		1,750,000							1,750,000
Stock options
Stock-Based Compensation and Benefit Plans (Textual)
Options granted					93,000	110,000	558,000	110,000	2,004,420	330,470
Options granted, minimum exercise price							$ 0.75
Options granted, maximum exercise price							$ 1.50
Options granted, fair value					$ 15,557	$ 93,089	$ 100,289	$ 93,089	$ 339,671	$ 306,189
Stock options | Portion of award relating to 337,750 shares
Stock-Based Compensation and Benefit Plans (Textual)
Vesting period									2 years
Vesting percentage on grant date									33.33%
Vesting percentage, remaining vesting period									66.67%
Options granted									337,750
Stock options | Portion of award relating to 1,665,670 shares
Stock-Based Compensation and Benefit Plans (Textual)
Vesting period									1 year
Vesting percentage on grant date									50.00%
Vesting percentage, remaining vesting period									50.00%
Options granted									1,665,670
Stock options | Portion of award relating to 455,000 shares
Stock-Based Compensation and Benefit Plans (Textual)
Exercise price before modification		$ 4
Exercise price after modification		$ 1.50
Plan modification, aggregate excess of fair value of the modified award over the fair value of the original award		$ 42,000
Share-based compensation expense		36,000
Share-based compensation, costs not yet recognized		$ 6,000							$ 6,000
Options outstanding		455,000							455,000
Stock options | Executive
Stock-Based Compensation and Benefit Plans (Textual)
Vesting percentage on grant date							33.33%
Vesting percentage on first anniversary of grant date							33.33%
Options granted							295,000
Options granted, exercise price									$ 1.50
Options granted, fair value									$ 339,671
Stock options | Directors, officers and business consultants
Stock-Based Compensation and Benefit Plans (Textual)
Options outstanding					1,965,000		1,965,000
Employee stock options
Stock-Based Compensation and Benefit Plans (Textual)
Exercise price before modification				$ 4
Exercise price after modification				$ 9
Plan modification, aggregate excess of fair value of the modified award over the fair value of the original award				$ 236,000
Share-based compensation expense				$ 119,000
Share-based compensation, costs not yet recognized		$ 178,934			$ 131,254		$ 131,254		$ 178,934
Employee stock options | Executive
Stock-Based Compensation and Benefit Plans (Textual)
Options granted			110,000
Options granted, exercise price			$ 4
Options granted, fair value			$ 93,089
2010 EIP
Stock-Based Compensation and Benefit Plans (Textual)
Number of shares of common stock reserved for issuance under the plan		625,000			625,000		625,000		625,000
2010 EIP | Stock options
Stock-Based Compensation and Benefit Plans (Textual)
Options granted										330,470
Options granted, minimum exercise price										$ 4
Options granted, maximum exercise price										$ 9
Options granted, fair value										$ 306,000
2010 EIP | Stock options | Executive
Stock-Based Compensation and Benefit Plans (Textual)
Vesting percentage on grant date										100.00%
Options granted										250,000
2010 EIP | Employee stock options
Stock-Based Compensation and Benefit Plans (Textual)
Options outstanding		255,167			129,250		129,250		255,167
2010 EIP | Minimum | Stock options
Stock-Based Compensation and Benefit Plans (Textual)
Options granted, minimum exercise price				$ 4
2014 EIP
Stock-Based Compensation and Benefit Plans (Textual)
Number of shares authorized under EIP	1,524,327
Common stock, par value	$ 0.0001
Maximum number of common shares granted per individual in any one year	100,000
2014 EIP | Nonemployee Directors
Stock-Based Compensation and Benefit Plans (Textual)
Vesting percentage on grant date	50.00%
Vesting percentage on first anniversary of grant date	50.00%
2014 EIP | Stock options
Stock-Based Compensation and Benefit Plans (Textual)
Equity award expiration period	5 years
Options outstanding		698,420			629,000		629,000		698,420
2014 EIP | Incentive stock options
Stock-Based Compensation and Benefit Plans (Textual)
Discretionary incentives of common shares that may be granted to new employees each fiscal year	100,000
2014 EIP | Maximum | Stock options
Stock-Based Compensation and Benefit Plans (Textual)
Equity award expiration period	10 years
2014 EIP | Maximum | Employee stock options
Stock-Based Compensation and Benefit Plans (Textual)
Vesting period	3 years
2014 EIP | Minimum | Employee stock options
Stock-Based Compensation and Benefit Plans (Textual)
Vesting period	2 years								2 years

Stock-Based Compensation and 60

Stock-Based Compensation and Benefit Plans - Stock Compensation Expense (Details) - USD ($)	1 Months Ended	3 Months Ended				6 Months Ended		12 Months Ended
	Feb. 28, 2013	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Stock-based compensation costs included in:
Stock-based compensation costs		$ 83,402		$ 38,699		$ 154,308	$ 85,209	$ 316,176	$ 700,715
Total compensation costs not yet recognized
Share-based compensation, costs not yet recognized	$ 117,000
Number of Options, Exercised (in shares)									30,000
Employee stock options
Stock-based compensation costs included in:
Stock-based compensation costs	$ 119,000
Total compensation costs not yet recognized
Share-based compensation, costs not yet recognized		131,254				$ 131,254		$ 178,934
Weighted average period over which unrecognized compensation is expected to be recognized						1 year 3 months 18 days		7 months 18 days
Number of Options, Exercised (in shares)			0		0	0	0	0	0
Cost of Sales
Stock-based compensation costs included in:
Stock-based compensation costs		12,543		1,571		$ 16,438	$ 3,746	$ 21,753	$ 1,815
Selling and Marketing Expense
Stock-based compensation costs included in:
Stock-based compensation costs		18,938		2,226		31,061	4,017	51,803	67,697
Research and Development Expense
Stock-based compensation costs included in:
Stock-based compensation costs		21,706		1,314		39,141	3,379	41,365	48,609
General and Administrative Expense
Stock-based compensation costs included in:
Stock-based compensation costs		$ 30,215		$ 33,588		$ 67,668	$ 74,067	$ 201,255	$ 582,594

Stock-Based Compensation and 61

Stock-Based Compensation and Benefit Plans - Fair Value and Assumptions (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Summary of fair value of stock options granted and assumptions
Options granted					2,004,420	330,470
Stock options
Summary of fair value of stock options granted and assumptions
Estimated Fair Value	$ 15,557	$ 93,089	$ 100,289	$ 93,089	$ 339,671	$ 306,189
Options granted	93,000	110,000	558,000	110,000	2,004,420	330,470
Expected Term		3 years		3 years		3 years
Volatility, Minimum	30.00%		30.00%			30.00%
Volatility, Maximum						33.00%
Risk Free Interest Rate, Minimum	0.86%		0.22%		0.22%	0.34%
Risk Free Interest Rate, Maximum	0.91%		1.07%		1.00%	0.90%
Stock options | Minimum
Summary of fair value of stock options granted and assumptions
Expected Term	3 years		2 years		2 years
Volatility, Minimum			26.00%
Stock options | Maximum
Summary of fair value of stock options granted and assumptions
Expected Term			3 years		3 years
Volatility, Maximum			30.00%

Stock-based Compensation and 62

Stock-based Compensation and Benefit Plans - Stock Options Outstanding and Exercisable (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Stock Options Outstanding
Number of Options	2,704,587
Weighted Average Remaining Contractual Life	4 years 18 days
Weighted Average Exercise Price	$ 2.01
Aggregate Intrinsic Value	$ 61,875	$ 423,000
Options Exercisable
Options Exercisable	1,665,809
Weighted Average Exercise Price	$ 2.33
Aggregate Intrinsic Value	$ 61,875
Exercise Price Range One
Common stock options outstanding and exercisable
Stock option, exercise price, Minimum	$ 0.80
Stock Options Outstanding
Number of Options	112,500
Weighted Average Remaining Contractual Life	2 months 16 days
Weighted Average Exercise Price	$ 0.8
Aggregate Intrinsic Value	$ 61,875
Options Exercisable
Options Exercisable	112,500
Weighted Average Exercise Price	$ 0.8
Aggregate Intrinsic Value	$ 61,875
Exercise Price Range Two
Common stock options outstanding and exercisable
Stock option, exercise price, Minimum	$ 1.35
Stock option, exercise price, Maximum	$ 1.60
Stock Options Outstanding
Number of Options	1,898,670
Weighted Average Remaining Contractual Life	4 years 10 months 6 days
Weighted Average Exercise Price	$ 1.5
Options Exercisable
Options Exercisable	933,262
Weighted Average Exercise Price	$ 1.5
Exercise Price Range Three
Common stock options outstanding and exercisable
Stock option, exercise price, Minimum	$ 4
Stock Options Outstanding
Number of Options	693,417
Weighted Average Remaining Contractual Life	2 years 5 months 27 days
Weighted Average Exercise Price	$ 4
Options Exercisable
Options Exercisable	620,047
Weighted Average Exercise Price	$ 4

Stock-Based Compensation and 63

Stock-Based Compensation and Benefit Plans - Stock Option Activity and Associate Stock Purchase Plan (Details) - USD ($)	1 Months Ended	4 Months Ended	6 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2014	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Number of Options, Stock Option Activity
Number of Options, Beginning Balance (in shares)			2,704,587	827,543	614,042
Number of Options, Granted (in shares)				2,004,420	330,470
Number of Options, Exercised					(30,000)
Number of Options, Forfeited or Expired (in shares)				(127,376)	(86,969)
Number of Options, Ending Balance (in shares)		2,704,587		2,704,587	827,543
Number of Options, Exercisable (in shares)		1,665,809		1,665,809
Weighted Avg-Exercise Price, Stock Option Activity
Weighted Avg-Exercise Price, Beginning Balance (in dollars per share)			$ 2.01	$ 3.49	$ 6
Weighted Avg-Exercise Price, Granted (in dollars per share)				1.50	4.13
Weighted Avg-Exercise Price, Exercised (in dollars per share)					0.80
Weighted Avg-Exercise Price, Forfeited or Expired (in dollars per share)				3.69	4.55
Weighted Avg-Exercise Price, Ending Balance (in dollars per share)		$ 2.01		2.01	$ 3.49
Weighted Avg-Exercise Price, Exercisable (in dollars per share)		$ 2.33		$ 2.33
Weighted Remaining Contractual Life and Intrinsic Value, Stock Option Activity
Weighted Remaining Contractual Life, Balance				4 years 18 days	2 years 9 months 22 days
Weighted Remaining Contractual Life, Exercisable, Balance				3 years 6 months 18 days
Intrinsic Value, Balance		$ 61,875		$ 61,875	$ 423,000
Intrinsic Value, Exercisable, Balance		$ 61,875		$ 61,875
Number of Options, Nonvested Stock Options
Number of Options, Granted (in shares)				2,004,420	330,470
2014 Associate Stock Purchase Plan
Other Plans
Number of shares of common stock reserved for issuance under the plan	500,000
Purchase prices expressed as a percentage of market value	85.00%
Compensation designated for purchase, maximum percentage	10.00%
Shares purchased		40,560	72,360

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Interest paid to related parties			$ 154,848	$ 1,193,372	$ 1,594,700	$ 142,968
Affiliates
Related Party Transaction [Line Items]
Debt held by related parties	$ 1,348,000		$ 1,348,000		$ 1,350,000	$ 2,362,561
Warrants held by related parties	9,391,457		9,391,457		4,265,009	942
Interest paid to related parties	$ 3,945		$ 3,945		$ 237,596	$ 125,000
Related party interest expense	$ 42,410	$ 1,073,370	$ 80,876	$ 1,381,848	$ 1,608,372	$ 120,687

Concentrations (Details)

Concentrations (Details) - USD ($)	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Concentrations
Accounts payable	$ 1,085,098	$ 1,085,098	$ 746,554	$ 937,200
Supplier Expenditures, Total | Supplier Concentration Risk | Supplier One
Concentrations
Total expense	$ 287,000	$ 582,000	$ 679,481
Concentration risk (as a percent)		15.00%	10.10%
Accounts Payable | Supplier Concentration Risk | Supplier One
Concentrations
Accounts payable			$ 98,384
Concentration risk (as a percent)			13.20%

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)

Feb. 12, 2015

Jan. 05, 2015

Jul. 14, 2014

Jun. 30, 2015

Feb. 28, 2015

Jul. 31, 2014

Jan. 31, 2014

Jun. 30, 2015

Mar. 31, 2015

Mar. 27, 2015

Jun. 30, 2014

Jun. 30, 2015

Jun. 30, 2014

Dec. 31, 2014

Dec. 31, 2013

Apr. 13, 2015

Feb. 03, 2015

Feb. 28, 2014

Jan. 14, 2014

Subsequent Events

Options granted

2,004,420

330,470

Options granted, exercise price

$ 1.50

$ 4.13

Guarantee of Lease by Director [Member]

Subsequent Events

Maximum borrowing capacity under lease financing agreement

$ 500,000

Director

Subsequent Events

Shares that may be purchased under warrant agreement

913,659

913,659

913,659

Exercise price of warrants (in dollars per share)

$ 0.4378

$ 0.4378

$ 0.4378

Common Stock Warrants

Subsequent Events

Period of warrant

5 years

5 years

5 years

Shares that may be purchased under warrant agreement

3,289,086

2,229,702

232,450

Exercise price of warrants (in dollars per share)

$ 1.88

$ 2

Common Stock Warrants | Maximum

Subsequent Events

Exercise price of warrants (in dollars per share)

$ 5

Common Stock Warrants | Director

Subsequent Events

Period of warrant

5 years

5 years

Shares that may be purchased under warrant agreement

2,250,000

Exercise price of warrants (in dollars per share)

$ 1.88

Common Stock Warrants | Director | Guarantee of Lease by Director [Member]

Subsequent Events

Period of warrant

5 years

5 years

Shares that may be purchased under warrant agreement

241,900

407,614

241,900

241,900

Exercise price of warrants (in dollars per share)

$ 0.44

$ 1.15

$ 0.44

$ 0.44

Percentage vested and exercisable upon issuance

100.00%

Common Stock Warrants | Director One

Subsequent Events

Shares that may be purchased under warrant agreement

76,560

Common Stock Warrants | Director Two

Subsequent Events

Shares that may be purchased under warrant agreement

8,291

Common Stock Purchase Warrants Issued In Connection With Issuance Of Series A Convertible Preferred Stock

Subsequent Events

Period of warrant

5 years

Shares that may be purchased under warrant agreement

9,000

9,000

9,000

Exercise price of warrants (in dollars per share)

$ 2

$ 2

$ 2

$ 2

Common Stock Purchase Warrants Issued in Connection With Issuance of Series B Convertible Preferred Stock

Subsequent Events

Period of warrant

5 years

Shares that may be purchased under warrant agreement

2,065,891

2,065,891

2,065,891

Private Placement

Subsequent Events

Exercise price of warrants (in dollars per share)

$ 0.4816

$ 0.4816

$ 0.4816

Private Placement | Common Stock Warrants | Notes Payable to Directors and Affiliates

Subsequent Events

Shares that may be purchased under warrant agreement

232,983

232,983

232,983

Private Placement | Common Stock Warrants | Placement Agent

Subsequent Events

Period of warrant

5 years

5 years

Exercise price of warrants (in dollars per share)

$ 2

Private Placement | Common Stock Warrants | Placement Agent | Maximum

Subsequent Events

Shares that may be purchased under warrant agreement

100,224

Private Placement | Common Stock Purchase Warrants Issued In Connection With Issuance Of Series A Convertible Preferred Stock

Subsequent Events

Period of warrant

5 years

5 years

Shares that may be purchased under warrant agreement

9,000

2,229,702

Exercise price of warrants (in dollars per share)

$ 2

$ 2

Private Placement | Common Stock Purchase Warrants Issued in Connection With Issuance of Series B Convertible Preferred Stock

Subsequent Events

Period of warrant

5 years

Shares that may be purchased under warrant agreement

2,065,891

Exercise price of warrants (in dollars per share)

$ 1.15

Subsequent Event | Director | Financial Commitment Letter July 2014 | Notes payable | Notes Payable to Directors and Affiliates

Subsequent Events

Principal amount of debt, maturity date extended

$ 450,000

Interest rate (as a percentage)

10.00%

Subsequent Event | Director | Guarantee of Lease by Director [Member]

Subsequent Events

Maximum borrowing capacity under lease financing agreement

$ 500,000

Subsequent Event | Director Two | Notes payable | Notes Payable to Directors and Affiliates

Subsequent Events

Interest rate (as a percentage)

10.00%

Borrowings

$ 310,000

Subsequent Event | Director Three | Notes payable | Notes Payable to Directors and Affiliates

Subsequent Events

Interest rate (as a percentage)

10.00%

Borrowings

$ 310,000

Subsequent Event | Chief Information Officer and Executive Vice President | Employment Agreement

Subsequent Events

Annualized base salary

$ 197,550

Subsequent Event | Common Stock Warrants

Subsequent Events

Exercise price of warrants (in dollars per share)

$ 1.15

Subsequent Event | Common Stock Warrants | Director | Guarantee of Lease by Director [Member]

Subsequent Events

Period of warrant

5 years

Shares that may be purchased under warrant agreement

407,614

Exercise price of warrants (in dollars per share)

$ 1.15

Percentage vested and exercisable upon issuance

100.00%

Subsequent Event | Common Stock Warrants | Placement Agent

Subsequent Events

Period of warrant

5 years

Shares that may be purchased under warrant agreement

109,931

Exercise price of warrants (in dollars per share)

$ 1.15

Subsequent Event | Common Stock Purchase Warrants Issued In Connection With Issuance Of Series A Convertible Preferred Stock

Subsequent Events

Period of warrant

5 years

Shares that may be purchased under warrant agreement

9,000

Exercise price of warrants (in dollars per share)

$ 2

Subsequent Event | Common Stock Purchase Warrants Issued in Connection With Issuance of Series B Convertible Preferred Stock

Subsequent Events

Period of warrant

5 years

Shares that may be purchased under warrant agreement

2,065,891

Exercise price of warrants (in dollars per share)

$ 1.15

Subsequent Event | Private Placement | Common Stock Warrants

Subsequent Events

Exercise price of warrants (in dollars per share)

$ 1.15

Subsequent Event | Private Placement | Common Stock Warrants | Director | Financial Commitment Letter July 2014

Subsequent Events

Period of warrant

5 years

Exercise price of warrants (in dollars per share)

$ 1.15

Subsequent Event | Private Placement | Common Stock Purchase Warrants Issued In Connection With Issuance Of Series A Convertible Preferred Stock

Subsequent Events

Period of warrant

5 years

Shares that may be purchased under warrant agreement

9,000

Exercise price of warrants (in dollars per share)

$ 2

Subsequent Event | Private Placement | Common Stock Purchase Warrants Issued in Connection With Issuance of Series B Convertible Preferred Stock

Subsequent Events

Period of warrant

5 years

Shares that may be purchased under warrant agreement

2,065,891

Exercise price of warrants (in dollars per share)

$ 1.15

Stock options

Subsequent Events

Options granted

93,000

110,000

558,000

110,000

2,004,420

330,470

Stock options | Subsequent Event | Director One

Subsequent Events

Options granted

120,000

Options granted, exercise price

$ 1

Vesting percentage on grant date

33.33%

Vesting percentage, remaining vesting period

33.33%

Vesting period

2 years

Options expiration period from date of grant

5 years

Incentive stock options | Subsequent Event | Chief Information Officer and Executive Vice President | Employment Agreement

Subsequent Events

Options granted

175,000

Options granted, exercise price

$ 1.50

Incentive stock options | Vested Immediately | Subsequent Event | Chief Information Officer and Executive Vice President | Employment Agreement

Subsequent Events

Options granted

58,333

Incentive stock options | Vesting on January 5, 2016 | Subsequent Event | Chief Information Officer and Executive Vice President | Employment Agreement

Subsequent Events

Options granted

58,333

Incentive stock options | Vesting on January 5, 2017 | Subsequent Event | Chief Information Officer and Executive Vice President | Employment Agreement

Subsequent Events

Options granted

58,334

Short term notes payable | Common Stock Warrants

Subsequent Events

Shares that may be purchased under warrant agreement

821,250

821,250

Exercise price of warrants (in dollars per share)

$ 3.60

$ 3.60

Short term notes payable | Common Stock Warrants | Maximum

Subsequent Events

Period of warrant

5 years

Short term notes payable | Common Stock Warrants | Director

Subsequent Events

Shares that may be purchased under warrant agreement

718,750

Short term notes payable | Subsequent Event | Common Stock Warrants

Subsequent Events

Exercise price of warrants (in dollars per share)

$ 1.40

Condensed Consolidated Balanc67

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2015	Dec. 31, 2014
CURRENT ASSETS
Cash and cash equivalents	$ 651,319	$ 112,221
Stock subscription receivable, subsequently collected	500,000
Accounts receivable, net	628,963	314,743
Deferred commissions	85,656	80,348
Prepaid expenses	569,367	402,040
TOTAL CURRENT ASSETS	2,435,305	909,352
PROPERTY AND EQUIPMENT, net	711,181	295,925
GOODWILL	204,000	204,000
INTANGIBLE ASSETS, NET	1,142,503	1,437,001
DEFERRED COMMISSIONS	55,182	103,312
DEFERRED FINANCING COSTS	162,720	61,153
TOTAL ASSETS	4,710,891	3,010,743
CURRENT LIABILITIES
Accounts payable	1,085,098	746,554
Accrued expenses	223,123	201,768
Accrued interest	182,432	182,184
Deferred revenue	910,960	747,113
Warrant liability		163,570
Current maturities of capital lease obligations	321,686
Current portion of long-term debt	2,214,257	2,070,217
TOTAL CURRENT LIABILITIES	4,937,556	4,111,406
CAPITAL LEASE OBLIGATIONS, net of current maturities	466,936
LONG TERM DEBT, net of current portion	2,492,000	2,566,486
WARRANT LIABILITY	2,535,649	146,000
DEFERRED REVENUE	359,209	412,219
ACCRUED INTEREST	254,329	160,593
ACCRUED RENT	6,333	25,333
TOTAL LIABILITIES	$ 11,052,012	$ 7,422,037
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' DEFICIT
Convertible preferred stock, $.0001 Par Value, 20,000,000 shares authorized, 44,030 and 2,229,702 shares issued and outstanding	$ 4	$ 223
Common shares, $.0001 Par Value, 500,000,000 shares authorized, 30,300,179 and 16,934,497 issued and outstanding	3,030	1,694
Additional paid-in-capital	57,964,143	47,307,314
Accumulated deficit	(63,858,298)	(51,720,525)
TOTAL SHAREHOLDERS' DEFICIT	(6,341,121)	(4,411,294)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	4,710,891	$ 3,010,743
Convertible Preferred Stock Series C
SHAREHOLDERS' DEFICIT
Series C Stock Subscription Receivable	$ (450,000)

Condensed Consolidated Balanc68

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014	Mar. 18, 2014	Mar. 17, 2014	Dec. 31, 2013
Balance Sheets [Abstract]
Convertible preferred stock, par value	$ 0.0001	$ 0.0001			$ 0.0001
Convertible preferred stock, shares authorized	20,000,000	20,000,000	20,000,000	2,500,000	20,000,000
Convertible preferred stock, shares issued	44,030	2,229,702			0
Convertible preferred stock, shares outstanding	44,030	2,229,702			0
Common stock, par value	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.01	$ 0.0001
Common stock, shares authorized	500,000,000	500,000,000	500,000,000	22,500,000	500,000,000
Common Stock, shares, Issued	30,300,179	16,934,497			5,625,957
Common stock, shares outstanding	30,300,179	16,934,497			5,625,957

Condensed Consolidated Statem69

Condensed Consolidated Statements of Operations (unaudited) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Statements of Operations [Abstract]
REVENUE	$ 1,001,251	$ 608,917	$ 2,006,690	$ 1,085,399	$ 2,648,108	$ 1,179,603
COST OF REVENUE	975,284	716,765	1,868,193	1,335,294	2,747,343	2,462,087
GROSS LOSS	25,967	(107,848)	138,497	(249,895)	(99,235)	(1,282,484)
OPERATING EXPENSES
Sales and Marketing	800,446	657,927	1,755,799	1,192,148	2,854,959	2,208,689
Research and Development	761,258	658,734	1,646,229	1,010,806	2,663,633	982,917
General and Administrative	925,390	1,138,038	1,999,428	2,156,228	3,998,086	3,566,044
TOTAL OPERATING EXPENSES	2,487,094	2,454,699	5,401,456	4,359,182	9,516,678	6,757,650
OPERATING LOSS	(2,461,127)	(2,562,547)	(5,262,959)	(4,609,077)	(9,615,913)	(8,040,134)
INTEREST EXPENSE	2,721,496	1,731,755	3,069,776	2,496,701	5,704,533	2,804,594
SHARE PRICE / CONVERSION ADJUSTMENT	3,704,683		3,704,683			1,710,475
INDUCEMENT TO CONVERT DEBT AND WARRANTS				7,906	424,335	1,355,603
OTHER (INCOME) EXPENSE		(47,500)	14,375	5,001	(34,999)	54,213
NET LOSS	(8,887,306)	(4,246,802)	(12,051,793)	(7,118,685)	(15,709,782)	(13,965,019)
Less: Cumulative Unpaid Dividends	(33,778)		(33,778)		(48,409)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ (8,921,084)	$ (4,246,802)	$ (12,085,571)	$ (7,118,685)	$ (15,758,191)	$ (13,965,019)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING Basic and fully diluted	24,464,979	6,536,602	21,627,532	6,328,419	11,337,482	3,897,081
Net loss per common share - basic and fully diluted	$ (0.36)	$ (0.65)	$ (0.56)	$ (1.12)	$ (1.39)	$ (3.58)

Condensed Consolidated Statem70

Condensed Consolidated Statements of Shareholders' Deficit (unaudited) - USD ($)	Total	2014 Associate Stock Purchase Plan	Convertible Preferred Stock	Common Stock	Common Stock2014 Associate Stock Purchase Plan	Additional Paid In Capital	Additional Paid In Capital2014 Associate Stock Purchase Plan	Stock Subscription Receivable	Accumulated Deficit
Beginning Balance at Dec. 31, 2012	$ (12,485,008)			$ 15,250		$ 10,135,786			$ (22,636,044)
Beginning Balance (shares) at Dec. 31, 2012				1,524,991
Issuance of shares	1,197,550			$ 3,190		1,194,360
Issuance of common stock, net of costs (in shares)				319,000
Stock compensation expense	700,715					700,715
Net Loss Attributable to Common Shareholders	(13,965,019)								(13,965,019)
Share price/ conversion adjustment	1,710,475			$ 4,276		1,706,199
Additional Shares of common stock				427,619
Ending Balance at Dec. 31, 2013	(9,932,242)			$ 56,260		26,612,561			(36,601,063)
Ending Balance (in shares) at Dec. 31, 2013				5,625,957
Issuance of convertible preferred stock, net of costs	3,039,501		$ 223			3,039,278
Issuance of convertible preferred stock, net of costs (in shares)			2,229,702
Issuance of shares	5,579,208			$ 454		5,578,754
Issuance of common stock, net of costs (in shares)				4,542,782
Warrant issued for professional fees	23,735					23,735
Stock compensation expense	316,176					316,176
Net Loss Attributable to Common Shareholders	(15,709,782)								(15,709,782)
Ending Balance at Dec. 31, 2014	(4,411,294)		$ 223	$ 1,694		47,307,314			(51,720,525)
Ending Balance (in shares) at Dec. 31, 2014			2,229,702	16,934,497
Issuance of convertible preferred stock, net of costs	4,903,663		$ 190			5,353,473		$ (450,000)
Issuance of convertible preferred stock, net of costs (in shares)			1,896,510
Conversion of debt into preferred stock	752,000		$ 22			751,978
Conversion of debt into preferred stock (in shares)			222,411
Series A & B preferred stock conversion into common stock			$ (431)	$ 499		(68)
Series A & B preferred stock conversion into common stock (in shares)			(4,304,593)	4,985,930
Conversion of warrant liability to additional paid-in-capital	420,090					420,090
Payment of preferred dividend paid with common shares				$ 7		85,973			(85,980)
Payment of preferred dividend paid with common shares (in shares)				74,764
Issuance of shares		$ 33,829			$ 7		$ 33,822
Issuance of common stock, net of costs (in shares)					72,360
Issuance of warrants for capital lease arrangement	134,782					134,782
Warrant issued for professional fees	18,612					18,612
Stock compensation expense	154,308					154,308
Net Loss Attributable to Common Shareholders	(12,051,793)								(12,051,793)
Share price/ conversion adjustment	3,704,682			$ 823		3,703,859
Additional Shares of common stock				8,232,628
Ending Balance at Jun. 30, 2015	$ (6,341,121)		$ 4	$ 3,030		$ 57,964,143		$ (450,000)	$ (63,858,298)
Ending Balance (in shares) at Jun. 30, 2015			44,030	30,300,179

Condensed Consolidated Statem71

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
OPERATING ACTIVITIES
Net Loss Attributable to Common Shareholders	$ (12,051,793)	$ (7,118,685)
Adjustments to reconcile net loss to net cash used in operating activities:
Accretion of discount/amortization of financing costs	150,511	77,833
Accrued debt related costs		1,796,874
Change in fair value of warrant liability	2,646,170	(100,000)
Depreciation and amortization of intangibles	426,535	298,287
Stock compensation	154,308	85,209
Warrants issued for professional services	18,612
Amortization of deferred commissions	68,898	47,246
Debt/warrant inducement and share price adjustment	3,712,383	7,906
Net loss after adjustments for non-cash operating activities	(4,874,376)	(4,905,330)
Changes in operating assets and liabilities:
Accounts receivable	(314,220)	17,548
Deferred commissions	(26,076)	(68,866)
Prepaid expenses	85,995	(111,196)
Accounts payable	418,696	700,662
Accrued expenses	2,356	41,669
Accrued interest	93,985	(487,778)
Deferred revenue	110,837	66,452
Net cash used in operating activities	(4,502,803)	(4,746,839)
INVESTING ACTIVITIES
Purchase of fixed assets	(43,049)	(37,457)
Cash paid for acquisition		(1,375,000)
Net cash used in investing activities	(43,049)	(1,412,457)
FINANCING ACTIVITIES
Proceeds from issuance of notes and warrants	750,000	7,820,000
Repayment of notes	(114,217)	(1,862,500)
Issuance of common shares, net of costs	33,829
Issuance of shares of convertible preferred stock, net of costs	4,403,664
Payment of debt issuance costs		(86,348)
Repayment of capital lease	(49,099)
Repayment of bank borrowing	(52,566)	(162,966)
Proceeds from bank borrowing	113,339	330,020
Net cash provided by financing activities	5,084,950	6,038,206
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	539,098	(121,090)
CASH AND CASH EQUIVALENTS
Beginning of period	112,221	150,555
End of period	651,319	29,465
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	154,848	1,193,372
NONCASH FINANCING AND INVESTING TRANSACTIONS
Conversion of debt into equity	752,000	986,793
Conversion of accrued interest to note payable		$ 150,660
Fixed assets purchases included in accounts payable cancelled	80,156
Capital lease obligations	837,722
Debt issuance costs in exchange for warrants	127,080
Common stock issued for preferred stock dividends	85,973
Conversion of warrant liability to additional paid-in-capital	$ 420,090

Nature of Operations and Summ72

Nature of Operations and Summary of Significant Accounting Policies	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Nature of Operations and Summary of Significant Accounting Policies
Nature of Operations and Summary of Significant Accounting Policies	1. Nature of Operations and Summary of Significant Accounting Policies Nature of Business and Operations Overview Cachet Financial Solutions, Inc. (the “Company” or “Cachet”) is a provider of technology solutions and services to the financial services industry. The Company’s solutions and services enable its clients—banks, credit unions and other types of financial institutions or financial service organizations—to provide their customers with remote deposit capture technology (“RDC”) and related services. The Company’s cloud based Software as a Service (“SaaS”) RDC solutions allow customers to scan checks remotely through their smart phones or other devices and transmit the scanned, industry compliant images to a bank for posting and clearing. In addition, the Company’s offerings include a mobile wallet solution which provides a virtual account for customers that do not have a bank account and is focused on the pre-paid card market. Through the Company’s cloud based SaaS mobile wallet offering we provide consumers the ability to deposit and withdraw funds, transfer funds, and pay bills with their mobile phone or tablet. As of June 30, 2015 , we had entered into 437 contracts with customers for our products and services. Approximately 312 of those agreements were “active,” meaning that customers have implemented the RDC software enabling the processing of customer transactions or deployed the mobile wallet application. The Company offers its services to financial institutions in the United States, Canada and Latin America. Our business operations are conducted through our wholly owned subsidiary, Cachet Financial Solutions Inc., a Minnesota corporation. Basis of Presentation The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiary Cachet Financial Solutions Inc. as of June 30, 2015 and December 31, 2014 and for the three and six months ended June 30, 2015. The subsidiary does not have any operational activity and therefore no intercompany transactions exist with the subsidiary which would need to be eliminated. The Company has prepared the condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States of America. The condensed consolidated financial statements included herein, without audit, are pursuant to the rules and regulations of the United States (“U.S.”) Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. However, the Company believes that the disclosures are adequate to ensure the information presented is not misleading. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. The Company believes that all necessary adjustments, which consist only of normal recurring items, have been included in the accompanying condensed consolidated financial statements to present fairly the results of the interim periods. The results of operations for the interim periods presented are not necessarily indicative of the operating results to be expected for any subsequent interim period or for the year ending December 31, 2015. The accompanying consolidated financial statements have been prepared on the basis that the Company will continue as a going concern. From inception to June 30, 2015, the Company has cumulative operating losses of approximately $63. 9 million, and as of June 30, 2015, our current liabilities exceeded our current assets by approximately $2.5 million. In 2015, we expect to continue to grow our client base and increase our revenues through higher RDC transaction volumes and monthly active user fees (“MAUs”) from our Select Mobile Money offering. Nevertheless, the Company expects to continue to incur operating losses through December 31, 2015. The Company engaged an investment firm to assist in raising additional capital through the issuance of debt and equity. The Company’s ability to continue as a going concern is dependent on raising additional capital to support operations and refinance maturing debt. In addition, the Company has a note payable due December 31, 2015, with a principal and accrued interest balance as of June 30, 2015 of approximately $500,000, and has an outstanding balance including accrued interest of approximately $1.1 million on a line of credit with one of its directors , Michael J. Hanson . In May 2015, t he Company enter ed into an amendment of the note under which approximately $500,000 was owed as of June 30, 2015 to extend the maturity date of the note from April 30, 2015 to December 31, 2015. Under the amended note, the Company is required to make monthly payments of $50,000 beginning May 31, 2015 and continuing to December 31, 2015, at which time any remaining principal and unpaid accrued interest become due. The Company also owes Mr. Hanson approximately $381,000 of principal and interest as of June 30, 2015 under the financing commitment letter due January 31, 2016. The line of credit was payable upon the earlier of the Company completing financings with gross proceeds of $10 million or July 31, 2015. In July 2015, the Company amended the terms of the line of credit to extend the maturity date to January 31, 201 6 while all other terms remained the same. There is no assurance we will be successful in raising the needed capital to fund our operations to December 31, 2015. The consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties. On July 30, 2014, the Company entered into a financing commitment letter with two directors to lend the Company up to $2.5 million through December 31, 2014, bearing interest at 10% , and due January 31, 2015, which due date was later extended to January 31, 2016. If any portion of the notes issued under the commitment letter is outstanding beyond January 31, 2016, the default interest rate will be adjusted to 18% . During the six months ended June 30, 2015, the Company had additional advances totaling $350,000 . As part of a PIPE transaction completed in February 2015, M r . Hanson, converted $250,000 of the balance owed under the commitment letter into 217,391 shares of Series B Convertible Preferred Stock and was issued a five -year warrant to purchase an aggregate of 217,391 shares of common stock at a per-share price of $1.15 (since adjusted to $0.4816 per share) . In addition, M r. Hanson converted; $102,000 of the principal balance owed under the commitment letter into 1,020 shares of Series C Convertible Preferred Stock and was issued a five -year warrant to purchase an aggregate of 232,983 shares of common stock at a per-share price of $0.4816 as part of a PIPE transaction completed in June 2015 . As of June 30, 2015, the Company had an outstanding obligation under the commitment letter, including accrued interest , totaling approximately $381,000 . As part of the amendment, the directors did not renew the remaining amount available under the original terms of the commitment letter. During the six months ended June 30, 2015, the Company issued (i) 9,000 shares of Series A Convertible Preferred Stock at $1.50 per share and issued five -year warrants to purchase an aggregate of 9,000 shares of its common stock at a per-share price of $2.00 (since adjusted to $0.4816 per share) and (ii) 2,065,891 shares of Series B Convertible Preferred Stock at $1.15 per share and issued five -year warrants to purchase an aggregate of 2,065,891 shares of its common stock at a per-share price of $1.15 ( since adjusted to $0.4816 per share) . Net proceeds to the Company after offering costs were approximately $2.2 million, including the cancellation of $250,000 in debt held by M r. Hanson. None of the investors in this offering were deemed affiliates of the Company, except for Mr. Hanson. In June 2015, the Company issued an aggregate of 44,030 shares of Series C Convertible Preferred Stock at $100.00 per share and issued five -year warrants to purchase an aggregate of 10,057,119 shares of its common stock at a per-share price of $0.4816 in a private placement. Total (cash and non-cash) gross proceeds to the Company were $4,403,000 . Gross proceeds to the Company in the form of cash were $2,951,000 . Gross proceeds to the Company in the form of promissory notes payable within 150 days were $950,000 . These promissory notes were provided by James L. Davis and M r. Hanson, both of whom are directors of the Company. The Company also issued 2,000 and 3,020 shares of the Series C Preferred to Messrs. Davis and Hanson, respectively, in exchange for the cancellation of Company debt in the amount of $200,000 and $302,000 held by them (inclusive of the $102,000 mentioned above) . The Series C Preferred Stock entitles its holders to a 10% per annum dividend, payable quarterly in cash or in additional shares of Series C Preferred Stock (or a combination of both) as determined by the Company, and may be converted to Cachet common stock at the option of a holder at an initial conversion price of $0.4378 per share. The Series C Preferred Stock will automatically convert into common stock upon the occurrence of any of the following: (a) an underwritten public offering of shares of the Company’s common stock providing at least $10 million in gross proceeds, (b) the Company’s common stock closing price being greater than 100% above the conversion price then in effect for at least 40 of 60 consecutive trading days, (c) four years after the closing of the offering of the Series C Preferred Stock , or (d) the written consent of holders representing 50% of the issued and outstanding Series C Preferred Stock . The holders of the Series C Preferred Stock will be entitled to vote their shares on an as-converted basis and will be entitled to a liquidation preference equal to the stated value (i.e., purchase price) of their shares plus any accrued but unpaid dividends thereon. In connection with the Series C offering, the Company paid its placement agents, Scarsdale Equities LLC and ROTH Capital Partners commissions of $220,150 and $105,836 , respectively, and issued to them five -year warrants for the purchase of up to 703,997 and 241,746 shares of common stock, respectively, at $.4816 and $0.5254 per share, respectively. Also in connection with the offer and sale of the Series C Preferred Stock , the Company issued additional shares of the Company’s common stock totaling 8,232,628 to former holders of the Company’s series A and B preferred stock (all of which has been converted to common stock), such that following the issuance of such shares, such holders will have received the same number of shares of the Company’s common stock in total as they would have received upon conversion of the series A and B preferred stock if the conversion price for the series A and B preferred stock had been the same as the initial conversion price under the Serie s C Preferred Stock. The Company has grant ed the recipients of these shares the same registration rights as are provided to Series C Preferred holders. The Company also agreed to amend the warrants to purchase the Company’s common stock held by former holders of the Company’s series A and B preferred stock to contain the same anti-dilution protections that are contained in the warrants issued in connection with the Series C Preferred offering . In addition, the exercise price of the warrants issued to the former series A and B preferred stock holders was reduced from $1.15 to $0.4816 . In addition, the Company agreed to amend the warrants issued to Scarsdale Equities LLC in connection with the Series B offering to reduce the exercise price from $1.15 to $0.4816 . Finally, the Company approved the amendment of a warrant to purchase common stock issued to Mr. Davis on February 3, 2015, to provide for the same modifications made to the warrants held by former holders of the Company’s series A and B preferred stock. As of August 1 2 , 2015, the Company had received $500,000 from its Directors as part of the $950,000 of note receivables related to the Series C Convertible Preferred Stock offering. Absent of receiving additional advancements against the balance owed under the note receivables prior to the maturity date, we will require additional funds to continue our operations beyond August 2015. There can be no assurance the Company will be able to obtain new financing or additional financing from its directors. The financial statements do not include any adjustments that might result from the outcome of these uncertainties. Summary of Significant Accounting Policies A summary of the significant accounting policies applied in the preparation of the accompanying financial statements is as follows: Revenue Recognition The Company generates revenue from the following sources: (1) subscription and support fees (2) transaction volume fees, (3) active monthly user fees for mobile wallet offering (4) fees related to the implementation of RDC and mobile wallet software for clients, and (5) professional services such as client specific software customization and other products and services. The Company’s arrangements do not contain general rights of return. The Company’s subscription arrangements do not provide customers with the right to take possession of the SaaS technology platform and, as a result, are accounted for as service arrangements. The Company records revenue net of any sales or excise taxes. The Company commences revenue recognition for its SaaS technology platform and professional services when all of the following criteria are met: there is persuasive evidence of an arrangement; the service has been or is being provided to the customer; collection of the fees is reasonably assured; and the amount of fees to be paid by the customer is fixed or determinable. Subscription and Support Revenue Subscription and support revenue is primarily derived from customers accessing the SaaS technology platform and includes subscription, support, transaction volume fees and active user fees for mobile wallet offering. Subscription and support revenue is recognized ratably over the contracted term of each respective subscription agreement, commencing on the date the service is provisioned to the customer, provided the four revenue recognition criteria have been satisfied. Transaction volume fees are recognized as transactions are processed and monthly services performed and active user fees for mobile wallet offering revenue is recognized on a monthly basis as earned provided the four revenue recognition criteria have been satisfied. Professional Services and Other Revenue Professional services include implementation services, development of interfaces requested by customers, assistance with integration of the Company’s services with the customers’ applications, dedicated support, and advisory services to customers who choose to develop their own interfaces and applications. Professional services are typically performed within three to six months of entering into an arrangement with the customer. Professional services are typically sold on a fixed-fee basis, but are offered on a time-and-material basis as well. Revenue for time-and-material arrangements is recognized as the services are performed. Revenue for fixed-fee arrangements is recognized under the proportional performance method of accounting as the Company has developed a history of accurately estimating activity. The Company uses labor hours incurred to the end of each reporting period compared to the total estimated labor hours as an input based measure of performance under customer arrangements. The Company believes labor hours incurred is materially representative of the value delivered to the customer at any point in time during the performance of the service. Professional services are not considered essential to the functionality of the SaaS offering. Implementation Fees The implementation fees are recognized over the term of the contract or expected life of the contract where no contractual term exists. Generally, client agreements are entered into for 12 to 36 months. A majority of the implementation service component of the arrangement with customers is performed within 120 days of entering into a contract with the customer. Multiple Element Arrangements The Company enters into multiple element arrangements in which a customer may purchase a subscription and professional services. For arrangements with multiple deliverables, the Company evaluates whether the individual deliverables qualify as separate units of accounting. In order to treat deliverables in a multiple element arrangement as separate units of accounting, the deliverables must have standalone value upon delivery. If the deliverables have standalone value upon delivery, the Company accounts for each deliverable separately and revenue is recognized for the respective deliverables as they are delivered. If one or more of the deliverables does not have standalone value upon delivery, the deliverables that do not have standalone value are combined with the final deliverable within the arrangement and treated as a single unit of accounting. Subscription and support contracts have standalone value as the Company sells subscriptions and support separately. In determining whether professional services can be accounted for separately from subscription and support services, the Company considers the availability of the professional services from other vendors, the nature of its professional services and whether the Company sells its applications to new customers without professional services. Based on these considerations the Company assessed that its professional services have standalone value. The Company determines the selling price for each element based on the selling price hierarchy of: (i) vendor-specific objective evidence (“VSOE”) of fair value, (ii) third-party evidence (“TPE”), and (iii) estimated selling price (“ESP”). The Company is unable to establish VSOE for any of its services, as the Company has not historically priced its services with sufficient consistency. The Company is also unable to establish TPE, as the Company does not have sufficient information regarding pricing of third-party subscription and professional services similar to its offerings. As a result, the Company has developed estimates of selling prices based on margins established by senior management as the targets in the Company’s selling and pricing strategies after considering the nature of the services, the economic and competitive environment, and the nature and magnitude of the costs incurred. The amount of arrangement fee allocated is limited by contingent revenue, if any. Deferred Revenue Deferred revenue consists of billings and payments received in advance of revenue recognition from the Company’s subscription and support offerings as described above and is recognized as the revenue recognition criteria are met. For subscription agreements, the Company typically invoices its customers in monthly or annual fixed installments. Accordingly, the deferred revenue balance does not represent the total contract value of these multi-year subscription agreements. Deferred revenue also includes certain deferred professional services fees, which are recognized in accordance with the Company’s revenue recognition policy. The portion of deferred revenue the Company expects to recognize during the succeeding 12-month period is recorded as current deferred revenue, and the remaining portion is recorded as noncurrent. Cost of Revenue Cost of revenue primarily consists of costs related to hosting the Company’s cloud-based application, providing customer support, data communications expense, salaries and benefits of operations and support personnel, software development fees, software license fees, amortization expense associated with acquired developed technology assets, and property and equipment depreciation. Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash and cash equivalents are maintained at one financial institution and, at times, balances may exceed federally insured limits. The Company has never experienced any losses related to these balances and does not believe it is exposed to any significant credit risk on cash and cash equivalents. Accounts Receivable Accounts receivable represent amounts due from customers. Management determines the allowance for doubtful accounts by regularly evaluating individual customer receivables and considering a customer’s financial condition, credit history and current economic conditions. Accounts receivable are written off when deemed uncollectible. Recoveries of accounts receivable previously written off are recorded when received. The allowance for doubtful accounts was approximately $15,000 and $25,000 as of June 30, 2015 and December 31, 2014 , respectively. Concentrations of credit risk with respect to accounts receivable are limited because a large number of geographically diverse customers make up the Company’s customer base, thus spreading the credit risk. Property and Equipment Depreciation and amortization is computed using the straight-line method over the following estimated useful lives: Computer and Data Center Equipment 3 years Purchased and Acquired software 3 years Leasehold Improvements 3 - 5 years, or lease term if less Furniture and fixtures 7 years Major additions and improvements are capitalized, while replacements, maintenance and repairs, which do not improve or extend the life of the respective assets, are expensed as incurred. When assets are retired or otherwise disposed of, related costs and accumulated depreciation and amortization are removed and any gain or loss is reported. Goodwill Goodwill represents the excess purchase price over the appraised value of the portion of identifiable assets that were acquired from the DeviceFidelity Inc. acquisition completed in March 2014. Goodwill is not amortized but is reviewed at least annually for impairment, or between annual dates if circumstances change that would more likely than not cause impairment. Management performs its annual impairment test at the close of each fiscal year, and considers several factors in evaluating goodwill for impairment, including the Company’s current financial position and results, general economic and industry conditions and legal and regulatory conditions. Impairment of Long-lived Assets, Including License Agreements The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Deferred Financing Costs Deferred financing costs are capitalized and amortized over the lives of the related debt agreements. The costs are amortized to interest expense using the effective interest method. In the event debt is converted or paid prior to maturity, any unamortized issuance costs are charged to expense. Deferred Commissions The Company capitalizes commission costs that are incremental and directly related to the acquisition of customer contracts. Commission costs are capitalized and amortized over the term of the related customer contract. Net Loss Per Common Share Basic and diluted net loss per common share for all periods presented is computed by dividing the net loss available to common shareholders by the weighted average common shares outstanding and common stock equivalents, when dilutive. Potentially dilutive common stock equivalents include common shares issued pursuant to stock warrants, stock options, convertible preferred stock and convertible note agreements. Common stock equivalents were not included in determining the fully diluted loss per share as they were antidilutive. On February 12, 2014, Cachet Financial Solutions (Minnesota) completed a merger transaction (the “Merger”) with DE Acquisition 2, Inc. (“DE2”), a Delaware corporation and public company with no operations. Pursuant to the terms of the Merger, each share of common stock of Cachet Financial Solutions (Minnesota) that was issued and outstanding at such time was cancelled and converted into 10.9532 (the “exchange ratio”) shares of DE2’s common stock. Subsequently DE2 changed its name to Cachet Financial Solutions, Inc. On March 18, 2014, the Company completed a reverse stock split of its issued and outstanding common stock on a 1- for-10.9532 basis. The Company’s authorized capital shares previous to this transaction consisted of 22,500,000 shares of $.01 par value common stock and 2,500,000 shares of preferred stock. As a result of the DE 2 transaction, the Company’s new authorized capital consists of 500,000,000 shares of $.0001 par value common stock and 20,000,000 shares of preferred stock. All amounts in the accompanying financial statements and notes related to shares, share prices and loss per share reflect retrospective presentation of the reverse split. The following table reflects the amounts used in determining loss per share: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2015 2014 2015 2014 Net Loss Attributable to Common Shareholders $ $ $ $ Weighted average common shares outstanding Net loss per common share – basic and diluted $ $ $ $ The following potential common shares were excluded from the calculation of diluted loss per share from continuing operations and diluted net loss per share attributable to common stockholders because their effect would have been anti-dilutive for the periods presented: As of June 30, June 30, 2015 2014 Convertible Preferred Stock - Stock Options Warrants Fair Value of Financial Instruments The Company uses fair value measurements to record fair value adjustments for certain financial instruments and to determine fair value disclosures. Warrants issued with price protection features are recorded at fair value on a recurring basis. The carrying value of cash and cash equivalents, accounts receivable and accounts payable approximated fair value due to the short maturity of those instruments. With respect to determination of fair values of financial instruments there are the following three levels of inputs: Level 1 Inputs– Quoted prices for identical instruments in active markets. Level 2 Inputs– Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 Inputs– Instruments with primarily unobservable value drivers. The warrants that are carried at fair value are valued using level 3 inputs utilizing a Black-Scholes option pricing model under probability weighted estimated outcomes. Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that may affect certain reported amounts and disclosures in the consolidated financial statements. Actual results could differ from those estimates. Significant estimates include the Company’s ability to continue as a going concern, allowance for doubtful accounts, assumptions used to value stock options and warrants, conversion incentive and share purchase price adjustment, and the value of shares of common stock issued for services. Stock-Based Compensation The Company accounts for stock-based compensation using the estimated fair values of warrants and stock options. For purposes of determining the estimated fair values the Company uses the Black-Scholes option pricing model. For the periods prior to the Company’s common stock being traded, the Company estimated the volatility of its common stock at the date of grant based on the volatility of comparable peer companies which are publicly traded; for later periods, the Company includes its actual common stock trading to compute volatility. The Company determines the expected life based on historical experience with similar awards, giving consideration to the contractual terms, vesting schedules and post-vesting forfeitures. The Company uses the risk-free interest rate on the implied yield currently available on U.S. Treasury issues with an equivalent remaining term approximately equal to the expected life of the award. The Company has never paid any cash dividends on its common stock and does not anticipate paying any cash dividends in the foreseeable future. Compensation expense for all share-based payment awards is recognized using the straight-line amortization method over the vesting period. The fair values of stock award grants are determined based on the number of shares granted and estimated fair value of the Company’s common stock on the date of grant. Research and Development Costs The Company considers those costs incurred in developing new processes and solutions to be research and development costs and they are expensed as incurred. Recent Accounting Pronouncements On May 28, 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers . The core principle of the ASU is for companies to recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration, or payment, to which the company expects to be entitled in exchange for those goods or services. The ASU may also result in enhanced disclosures about revenue. For public entities, the ASU is effective for annual reporting periods beginning after December 15, 2016, on July 9, 2015 , the FASB voted to allow a one year deferral of t he effective date. The deferral permit s early adoption, but does not allow adoption any earlier than the original effective date of the standard. We are currently evaluating the impact this standard will have on our consolidated financial statements. In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern. The amendments provide guidance about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. The standard will be effective for the Company on December 31, 2016. The adoption of this pronouncement may impact future assessment and disclosures related to the Company’s ability to continue as a going concern. In April 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update No. 2015-03, "Simplifying the Presentation of Debt Issuance Costs" ("ASU 2015-03") which changes the presentation of debt issuance costs in financial statements to present such costs as a direct deduction from the related debt liability rather than as an asset. ASU 2015-03 will become effective for public companies during interim and annual reporting periods beginning after December 15, 2015. Early adoption is permitted. We do not expect the adoption of ASU 2015-03 will have a material impact on our consolidated financial statements.	1. Nature of Operations and Summary of Significant Accounting Policies Nature of Business and Operations Overview Cachet Financial Solutions, Inc. (the “Company” or “Cachet”) is a provider of technology solutions and services to the financial services industry. The Company’s solutions and services enable its clients—banks, credit unions and other types of financial institutions or financial service organizations—to provide their customers with remote deposit capture technology (“RDC”) and related services. The Company’s cloud based Software as a Service (“SaaS”) RDC solutions allow customers to scan checks remotely through their smart phones or other devices and transmit the scanned, industry compliant images to a bank for posting and clearing. In addition, the Company’s offerings include a mobile wallet solution which provides a virtual account for customers that do not have a bank account and is focused on the pre-paid card market. Through the Company’s cloud based SaaS mobile wallet offering we provide consumers the ability to deposit and withdraw funds, transfer funds, and pay bills with their mobile phone or tablet. As of December 31, 2014 , we had entered into 348 contracts with customers for our products and services. Approximately 252 of those agreements were “active,” meaning that they have implemented the RDC software enabling the processing of customer transactions or deployed the mobile wallet application. The Company offers its services to financial institutions in the United States, Canada and Latin America. Our business operations are conducted through our wholly owned subsidiary, Cachet Financial Solutions Inc., a Minnesota corporation. Basis of Presentation The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiary Cachet Financial Solutions Inc. as of December 31, 2014 and December 31, 2013 and for the years ended December 31, 2014 and 2013 . The wholly owned subsidiary is the only entity with operational activity and therefore no intercompany transactions exist with the parent entity which would need to be eliminated. The Company has prepared the consolidated financial statements in accordance with accounting principles generally accepted in the United States of America. The accompanying consolidated financial statements have been prepared on the basis that the Company will continue as a going concern. From inception to December 31, 201 4 , the Company ha s cumulative operating losses of approximately $ 51.7 million, and as of December 31, 201 4 , our current liabilities exceed ed our current assets by approximately $ 3 . 2 million. In 201 5, the Company expect s to continue to grow our client base and increase our revenues through higher RDC transaction volumes and monthly active user fees (“MAUs”) from our Select Mobile Money offering . Nevertheless, the Company expects to continue to incur operating losses through December 31, 2015. The Company engaged an investment firm to assist in raising additional capital through the issuance of debt and equity. The Company’s ability to continue as a going concern is dependent on raising additional capital to support operations and refinance maturing debt. In addition, the Company has a note payable maturing on April 30, 2015, with a principal and accrued interest balance as of December 31, 2014 of $714,553, and has an outstanding balance including accrued interest of approximately $1.1 million on a line of credit with on e of its directors. The line of credit is payable to the director upon the earlier of the Company completing financings with gross proceeds of $10 million or July 31, 2015. The Company also has $620,000 of notes payable with two directors maturing on June 30, 2015. There is no assurance we will be successful in raising the needed capital to fund our operations to December 31, 2015. The consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties. During 2014, the Company issued 2,229,702 shares of Series A Convertible Preferred Stock at $1.50 per share and issued five -year warrants to purchase an aggregate of 2,229,702 shares of its common stock at a per-share price of $2.00 (since adjusted to $1.15 per share). Net proceeds to the Company after offering costs were $3.0 million. As of December 31, 2014, the Company believes it was in full compliance with its debt agreements. On July 30, 2 014, the Company entered into a financing commitment letter with two directors to lend the Company up to $2.5 million through December 31, 2014 , bearing interest at 10% , and due January 31, 2015 , which was later extended to January 31, 2016. If any portion of the notes issued under the commitment letter was outstanding beyond January 31, 2016, the default interest rate would be adjusted to 18% . As of December 31, 2014, the Company had an outstanding obligation under the commitment letter, including accrued interest totaling $359,466 . Subsequent to December 31, 2014, the Company had additional advances totaling $350,000 . As part of a PIPE transaction completed in February 2015, Michael J. Hanson, one of the Company’s directors converted, $250,000 of the balance owed under the commitment letter into 217,391 shares of Series B Convertible Preferred Stock and was issued a five -year warrant to purchase an aggregate of 217,391 shares of its common stock at a per-share price of $1.15 . Since December 31, 2014, the Company issued (i) 9,000 shares of Series A Convertible Preferred Stock at $1.50 per share and issued five -year warrants to purchase an aggregate of 9,000 shares of its common stock at a per-share price of $2.00 (since adjusted to $1.15 per share) and (ii) 2,065,891 shares of Series B Convertible Preferred Stock at $1.15 per share and issued five -year warrants to purchase an aggregate of 2,065,891 shares of its common stock at a per-share price of $1.15 . Net proceeds to the Company after offering costs were approximately $2.2 million, including the cancellation of $250,000 in debt held by Michael J. Hanson, one of our directors. None of the investors in this offering were deemed affiliates of the Company, except for one of ou r directors, Michael J. Hanson. Also in February 2015 , the Company amended the terms of the $2.5 million commitment letter agreement to extend the outstanding principal balance owed as of this date of $450,000 to January 31, 2016 at a rate of 10% per annum (See Note 16 “Subsequent Events”). As part of the amendment, the d irectors did not renew the remaining amount available under the original terms of the financial commitment letter. The Company will require additional funds to continue beyond April 15 , 2015 and has engaged an investment banking firm to assist in completing a equity or equity-linked capital raise. There is no assurance the Company will be successful in raising the needed capital to fund its operations beyond April 15 , 2015 or obtain similar financing arrangements with other investors or lenders. The financial statements do not include any adjustments that might result from the outcome of these uncertainties . Summary of Significant Accounting Policies A summary of the significant accounting policies applied in the preparation of the accompanying financial statements is as follows: Revenue Recognition The Company generates revenue from the following sources: (1) subscription and support fees (2) transaction volume fees, (3) active monthly user fees for mobile wallet offering (4) fees related to the implementation of RDC and mobile wallet software for clients, and (5) professional services such as client specific software customization and other products and services. The Company’s arrangements do not contain general rights of return. The Company’s subscription arrangements do not provide customers with the right to take possession of the SaaS technology platform and, as a result, are accounted for as service arrangements. The Company records revenue net of any sales or excise taxes. The Company commences revenue recognition for its SaaS technology platform and professional services when all of the following criteria are met: · there is persuasive evidence of an arrangement; · the service has been or is being provided to the customer; · collection of the fees is reasonably assured; and · the amount of fees to be paid by the customer is fixed or determinable. Subscription and Support Revenue Subscription and support revenue is primarily derived from customers accessing the SaaS technology platform and includes subscription, support, transaction volume fees and active user fees for mobile wallet offering. Subscription and support revenue is recognized ratably over the contracted term of each respective subscription agreement, commencing on the date the service is provisioned to the customer, provided the four revenue recognition criteria have been satisfied. Transaction volume fees are recognized as transactions are processed and monthly services performed and active user fees for mobile wallet offering revenue is recognized on a monthly basis as earned provided the four revenue recognition criteria have been satisfied. Professional Services and Other Revenue Professional services include implementation services, development of interfaces requested by customers, assistance with integration of the Company’s services with the customers’ applications, dedicated support, and advisory services to customers who choose to develop their own interfaces and applications. Professional services are typically performed within three to six months of entering into an arrangement with the customer. Professional services are typically sold on a fixed-fee basis, but are offered on a time-and-material basis as well. Revenue for time-and-material arrangements is recognized as the services are performed. Revenue for fixed-fee arrangements is recognized under the proportional performance method of accounting as the Company has developed a history of accurately estimating activity. The Company uses labor hours incurred to the end of each reporting period compared to the total estimated labor hours as an input based measure of performance under customer arrangements. The Company believes labor hours incurred is materially representative of the value delivered to the customer at any point in time during the performance of the service. Professional services are not considered essential to the functionality of the SaaS offering. Implementation Fees The implementation fees are recognized over the term of the contract or expected life of the contract where no contractual term exists. Generally, client agreements are entered into for 12 to 36 months. A majority of the implementation service component of the arrangement with customers is performed within 120 days of entering into a contract with the customer. Multiple Element Arrangements The Company enters into multiple element arrangements in which a customer may purchase a subscription and professional services. For arrangements with multiple deliverables, the Company evaluates whether the individual deliverables qualify as separate units of accounting. In order to treat deliverables in a multiple element arrangement as separate units of accounting, the deliverables must have standalone value upon delivery. If the deliverables have standalone value upon delivery, the Company accounts for each deliverable separately and revenue is recognized for the respective deliverables as they are delivered. If one or more of the deliverables does not have standalone value upon delivery, the deliverables that do not have standalone value are combined with the final deliverable within the arrangement and treated as a single unit of accounting. Subscription and support contracts have standalone value as the Company sells subscriptions and support separately. In determining whether professional services can be accounted for separately from subscription and support services, the Company considers the availability of the professional services from other vendors, the nature of its professional services and whether the Company sells its applications to new customers without professional services. Based on these considerations the Company assessed that its professional services have standalone value. The Company determines the selling price for each element based on the selling price hierarchy of: (i) vendor-specific objective evidence (“VSOE”) of fair value, (ii) third-party evidence (“TPE”), and (iii) estimated selling price (“ESP”). The Company is unable to establish VSOE for any of its services, as the Company has not historically priced its services with sufficient consistency. The Company is also unable to establish TPE, as the Company does not have sufficient information regarding pricing of third-party subscription and professional services similar to its offerings. As a result, the Company has developed estimates of selling prices based on margins established by senior management as the targets in the Company’s selling and pricing strategies after considering the nature of the services, the economic and competitive environment, and the nature and magnitude of the costs incurred. The amount of arrangement fee allocated is limited by contingent revenue, if any. Deferred Revenue Deferred revenue consists of billings and payments received in advance of revenue recognition from the Company’s subscription and support offerings as described above and is recognized as the revenue recognition criteria are met. For subscription agreements, the Company typically invoices its customers in monthly or annual fixed installments. Accordingly, the deferred revenue balance does not represent the total contract value of these multi-year subscription agreements. Deferred revenue also includes certain deferred professional services fees, which are recognized in accordance with the Company’s revenue recognition policy. The portion of deferred revenue the Company expects to recognize during the succeeding 12-month period is recorded as current deferred revenue, and the remaining portion is recorded as noncurrent. Cost of Revenue Cost of revenue primarily consists of costs related to hosting the Company’s cloud-based application, providing customer support, data communications expense, salaries and benefits of operations and support personnel, software development fees, software license fees, amortization expense associated with acquired developed technology assets, and property and equipment depreciation. Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash and cash equivalents are maintained at one financial institution and, at times, balances may exceed federally insured limits. The Company has never experienced any losses related to these balances and does not believe it is exposed to any significant credit risk on cash and cash equivalents. Accounts Receivable Accounts receivable represent amounts due from customers. Management determines the allowance for doubtful accounts by regularly evaluating individual customer receivables and considering a customer’s financial condition, credit history and current economic conditions. Accounts receivable are written off when deemed uncollectible. Recoveries of accounts receivable previously written off are recorded when received. The allowance for doubtful accounts was approximately $25,000 and $89,000 as of December 31, 2014 and December 31, 2013 , respectively. Concentrations of credit risk with respect to accounts receivable are limited because a large number of geographically diverse customers make up the Company’s customer base, thus spreading the credit risk. Property and Equipment Depreciation and amortization is computed using the straight-line method over the following estimated useful lives: Computer and Data Center Equipment 3 years Purchased and Acquired software 3 years Leasehold Improvements 3 - 5 years, or lease term if less Furniture and fixtures 7 years Major additions and improvements are capitalized, while replacements, maintenance and repairs, which do not improve or extend the life of the respective assets, are expensed as incurred. When assets are retired or otherwise disposed of, related costs and accumulated depreciation and amortization are removed and any gain or loss is reported. Goodwill Goodwill represents the excess purchase price over the appraised value of the portion of identifiable assets that were acquired from the DeviceFidelity Inc. acquisition completed in March 2014. Goodwill is not amortized but is reviewed at least annually for impairment, or between annual dates if circumstances change that would more likely than not cause impairment. Management performs its annual impairment test at the close of each fiscal year, and considers several factors in evaluating goodwill for impairment, including the Company’s current financial position and results, general economic and industry conditions and legal and regulatory conditions. No impairment of goodwill was identified for the years ended December 31, 2014 and 2013 . See Note 11 for further discussion. Impairment of Long-lived Assets, Including License Agreements The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. The Company did not identify any impairment events or circumstances during the year ended December 31, 2014 or December 31, 2013 . Deferred Financing Costs Deferred financing costs are capitalized and amortized over the lives of the related debt agreements. The costs are amortized to interest expense using the effective interest method. In the event debt is converted or paid prior to maturity, any unamortized issuance costs are charged to expense. Advertising Costs Advertising costs are expensed as incurred and are included in sales and marketing expense on the accompanying statements of operations. During the years ended December 31, 2014 and 2013, advertising costs totaled $15,888 and $15,495 , respectively. Deferred Commissions The Company capitalizes commission costs that are incremental and directly related to the acquisition of customer contracts. Commission costs are capitalized and amortized over the term of the related customer contract. Net Loss Per Common Share Basic and diluted net loss per common share for all periods presented is computed by dividing the net loss available to common shareholders by the weighted average common shares outstanding and common stock equivalents, when dilutive. Potentially dilutive common stock equivalents include common shares issued pursuant to stock warrants, stock options, convertible preferred stock and convertible note agreements. Common stock equivalents were not included in determining the fully diluted loss per share as they were antidilutive. On February 12, 2014, the Company completed a merger transaction with DE Acquisition 2, Inc. (“DE2”), a public company with no operations. Pursuant to the terms of the merger, each share of the Company’s common stock that was issued and outstanding at such time was cancelled and converted into 10.9532 (the “exchange ratio”) shares of DE2’s common stock. On March 18, 2014, the Company completed a reverse stock split of the Company’s issued and outstanding common stock on a 1- for-10.9532 basis. The Company’s authorized capital shares previous to this transaction consisted of 22,500,000 shares of $.01 par value common stock and 2,500,000 shares of preferred stock. As a result of the DE 2 transaction, the Company’s new authorized capital consists of 500,000,000 shares of $.0001 par value common stock and 20,000,000 shares of preferred stock. All amounts in the accompanying financial statements and notes related to shares, share prices and loss per share reflect retrospective presentation of the reverse split. The following table reflects the amounts used in determining loss per share: Year Ended December 31, December 31, 2014 2013 Net loss $ $ Less: Cumulative unpaid preferred stock dividends — Net Loss attributable to common stockholders Weighted average common shares outstanding Net loss per common share – basic and diluted $ $ The following potential common shares were excluded from the calculation of diluted loss per share from continuing operations and diluted net loss per share attributable to common stockholders because their effect would have been anti-dilutive for the periods presented: As of December 31, December 31, 2014 2013 Convertible Preferred Stock - Stock Options Warrants Fair Value of Financial Instruments The Company uses fair value measurements to record fair value adjustments for certain financial instruments and to determine fair value disclosures. Warrants issued with price protection features are recorded at fair value on a recurring basis. The carrying value of cash and cash equivalents, accounts receivable and accounts payable approximated fair value due to the short maturity of those instruments. With respect to determination of fair values of financial instruments there are the following three levels of inputs: Level 1 Inputs– Quoted prices for identical instruments in active markets. Level 2 Inputs– Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 Inputs– Instruments with primarily unobservable value drivers. The warrants that are carried at fair value are valued using level 3 inputs utilizing a Black-Scholes option pricing model under probability weighted estimated outcomes. Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that may affect certain reported amounts and disclosures in the consolidated financial statements. Actual results could differ from those estimates. Significant estimates include the Company’s ability to continue as a going concern, allowance for doubtful accounts, assumptions used to value stock options and warrants, conversion incentive and share purchase price adjustment, and the value of shares of common stock issued for services. Stock-Based Compensation The Company accounts for stock-based compensation using the estimated fair values of warrants and stock options. For purposes of determining the estimated fair values the Company uses the Black-Scholes option pricing model. For the periods prior to the Company’s common stock being traded, the Company estimated the volatility of its common stock at the date of grant based on the volatility of comparable peer companies which are publicly traded; for later periods, the Company uses its actual common stock trading to compute volatility. The Company determines the expected life based on historical experience with similar awards, giving consideration to the contractual terms, vesting schedules and post-vesting forfeitures. The Company uses the risk-free interest rate on the implied yield currently available on U.S. Treasury issues with an equivalent remaining term approximately equal to the expected life of the award. The Company has never paid any cash dividends on its common stock and does not anticipate paying any cash dividends in the foreseeable future. Compensation expense for all share-based payment awards is recognized using the straight-line amortization method over the vesting period. The fair values of stock award grants are determined based on the number of shares granted and estimated fair value of the Company’s common stock on the date of grant. Research and Development Costs The Company considers those costs incurred in developing new processes and solutions to be research and development costs and they are expensed as incurred. Recent Accounting Pronouncements On May 28, 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers . The core principle of the ASU is for companies to recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration, or payment, to which the company expects to be entitled in exchange for those goods or services. The ASU may also result in enhanced disclosures about revenue. For public entities, the ASU is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Due to the recent date of issuance for this ASU, management is currently evaluating what impact, if any, the pronouncement will have on the Company’s disclosures, its financial position or results from operations. In June 2014, the FASB issued authoritative guidance related to share-based payments when the terms of an award provide that a performance target could be achieved after the requisite period. The amendments require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. The requirements of the new standard are effective for the annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods. We do not anticipate that this guidance will have a material impact on the Company’s financial position or results of operations. In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern. The amendments provide guidance about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. The standard will be effective for the Company on December 31, 2016. The adoption of this pronouncement may impact future assessment and disclosures related to the Company’s ability to continue as a going concern.

Note Receivable73

Note Receivable	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Note Receivable
Note Receivable	2. Note Receivable The Company has a note receivable, bearing interest at 5% , for fees being refunded for an unsuccessful capital raising transaction. The note has a face value of $501,000 and was due in October 2013. The collectability of this note is uncertain and the Company has established a reserve for 100% of the balance owed as of June 30, 2015 and December 31, 2014 . In February 2015 the Company obtained a default judgment in our favor relating to such note in the amount of approximately $542,000 (including interest). Due to the financial limitations of the judgment debtor, the Company continues to believe the collectability of the note is uncertain and therefore maintains a reserve for 100% of the balance owed.	2. Note Receivable The Company has a note receivable, bearing interest at 5% , for fees being refunded for an unsuccessful capital raising transaction. The note has a face value of $501,000 and was due in October 2013. The collectability of this note is uncertain and the Company has established a reserve for 100% of the balance owed as of December 31, 2014 and December 31, 2013 . In February 2015 the Company obtained a default judgment in our favor relating to such note in the amount of approximately $542,000 (including interest). The Company continues to believe the collectability of the note is uncertain and therefore maintains a reserve for 100% of the balance owed.

Prepaid Expenses74

Prepaid Expenses	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Prepaid Expenses
Prepaid Expenses	3. Prepaid Expenses Prepaid expenses primarily consist of prepayment of licenses and maintenance fees, or deposits with, the providers of RDC software capabilities to the Company.	3. Prepaid Expenses Prepaid expenses primarily consist of prepayment of licenses and maintenance fees, or deposits with, the providers of RDC software capabilities to the Company.

Property and Equipment75

Property and Equipment	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Property and Equipment
Property and Equipment	4. Property and Equipment Property and equipment consists of the following: As of June 30, December 31, 2015 2014 (unaudited) (audited) Computer equipment $ $ Data center equipment Purchased software Furniture and fixtures Leasehold improvements Total property and equipment Less: accumulated depreciation Net property and equipment $ $ Depreciation expense for the three and six months ended June 30, 2015 was approximately $85,000 and $132,000 , respectively, compared to $60,000 and $125,000 for the same periods in the prior year , respectively.	4 . Property and Equipment Property and equipment consists of the following: As of December 31, December 31, 2014 2013 Computer equipment $ $ Data center equipment Purchased software Furniture and fixtures Leasehold improvements Total property and equipment Less: accumulated depreciation Net property and equipment $ $ Depreciation expense was approximately $214,000 and $346,000 , for the years ended 2014 and 2013 , respectively.

Accrued Expenses76

Accrued Expenses	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Accrued Expenses
Accrued Expenses	5. Accrued Expenses Accrued expenses consist of the following: As of June 30, December 31, 2015 2014 (unaudited) (audited) Accrued compensation $ $ Accrued rent Accrued sales tax Total accrued expenses $ $	5. Accrued Expenses Accrued expenses consist of the following: As of December 31, December 31, 2014 2013 Accrued compensation $ $ Accrued rent Accrued sales tax - Total accrued expenses $ $

Financing Arrangements77

Financing Arrangements	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Financing Arrangements
Financing Arrangements	6. Financing Arrangements The Company has obtained debt financing through bank loans and loans from directors and other affiliated parties and unaffiliated third party investors. Certain of the debt was issued with warrants that permit the investor to acquire shares of the Company’s common stock at prices as specified in the individual agreements. See Note 12 for additional information regarding conversions of debt and accrued interest into common stock for the three and six months ended June 30, 2015 . Following is a summary of debt outstanding: As of June 30, December 31, 2015 2014 (unaudited) (audited) Notes Payable to Directors and Affiliates $ $ Convertible Term Loan, due December 2016, interest at 10% Series Subordinated Note, due December 2015 Stated interest rate of 12% Notes Payable, due the earlier of raising $10 million in proceeds from private placements or January 2016, interest between 8.25% and 12% Note Payable, due August 2021, interest 0% Installment Note Payable – Bank Total Unamortized discount Total debt, net Less: current maturities Long-term portion $ $ Future maturities of long-term debt at June 30, 2015 are as follows: Six months ending December 31, 2015 $ 2016 2017 - 2018 - 2019 - 2020 - Thereafter $ Notes Payable to Directors and Affiliates The Company issued a total of $4,425,000 of new notes to Messrs. Davis and Hanson from January 2014 through June 30, 2015. Of this amount, $400,000 in principal amount of the notes bears interest at a rate of 10% and originally was due June 30, 2015. In June 2015, the notes were converted into 4,000 Series C Convertible Preferred Stock as part of the Series C Preferred offering the Company completed. Messrs. Davis and Hanson also received five year warrants to purchase 913,659 share s of common stock at $0.4378 per share. A total of $450,000 was advanced under the June 2014 letter agreement described below, and $1,000,000 repres ents the outstanding balance under the Company’s line of credit agreement with Mr. Hanson . The original terms of the line of credit agreement provided for a stated interest rate of 10% on the principal amount outstanding. In July 2015, Mr. Hanson agreed to amend the repayment terms of the line of credit to occur on the earlier of (a) raising an aggregate gross proceeds in one or more financing transactions of at least $10 million or (b) December 31, 2015. There are no financial covenants with the line of credit. Through the second quarter of 2014, the Company had drawn down the entire $1,500,000 under this facility. At the option of Mr. Hanson , all the principal and unpaid accrued interest under the line-of-credit could have been converted upon the completion of an IPO of the Company’s common stock at a 20% discount to the price at which the shares are of the Company’s stock were sold in the offering. Mr. Hanson exercised this conversion right with respect to $500,000 of indebtedness in connection with our July 2014 IPO into 416,667 shares of common stock and also received five -year warrants to purchase a total of 333,333 shares of the Company’s common stock at an exercise price of 125% of the IPO price or $1.88 per share. The amount of principal owed under the $1.5 million line of credit as of June 30, 2015 and December 31, 2014 was $1,000,000 plus accrued interest of $121,562 and $71,973 , respectively. As a result of the Company completing its IPO on July 14, 2014, the Company determined there was a beneficial conversion feature related to the $1.0 million outstanding balance of the line of credit which totaled $250,000 . This amount was recorded as a discount to the debt and is being amortized into interest expense through the amended maturity date of January 31, 201 6 . For the three and six months ended June 30, 2015, the Company recorded interest expense of approximately $62,000 and $125,000 , respectively, related to amortization expense associated with the beneficial conversion feature. The unamortized balance of the beneficial conversion feature as of June 30, 2015 and December 31, 2014 was approximately $21,000 and $146,000 respectively . On July 30, 2014, the Company entered into a financing commitment letter with two directors to lend the Company up to $2.5 million through December 31, 2014, bearing interest at 10% , and due January 31, 2015, which was later extended to January 31, 2016. If any portion of the notes issued under the commitment letter was outstanding beyond January 31, 2015, the default interest rate would be adjusted to 18% . As of December 31, 2014 there was $350,000 outstanding. During the first half of 2015, the Company had r eceived advancements totaling $350,000 . On February 3, 2015, Michael Hanson, one of our directors, converted $250,000 of the amount owed into 217,391 shares of Series B Convertible Preferred Stock (which Series B Convertible Preferred Stock was converted into common stock on February 27, 2015). Also in February 2015 , the Company amended the terms of the commitment letter to extend the repayment of the outstanding principal balance owed as of that date of $450,000 to January 31, 2016 at a rate of 10% per annum. As part of the amendment, the directors did not renew the remaining amount available under the original terms of the commitment letter. In June 2015, Michael Hanson converted $102,000 of the amount owed into 1,020 shares of Series C Convertible Preferred Stock and also received five year a warrant to purchase 232,983 share of common stock at $0.4378 per share. As of June 30, 2015, the total principal and accrued interest amount outstanding owed to Messrs. Davis and Hanson related to advances under the commitment letter equaled $348,000 and $32,588 , respectively . Convertible Term Loan, due December 2016 In December 2013, the Company entered into an agreement to issue convertible notes to an investor in a principal amount of up to $4 million. The proceeds of borrowings under the notes are expressly to be used to repay amounts owed under the Company’s senior secured note payable issued to another investor. Borrowings under the agreement bear interest at 10% and the note matures in December 2016. In the event of default, the interest rate increases by either 2% or 4% , depending on the nature of the default. Under the note agreement, the investor has the right, but not the obligation, to advance additional amounts up to the $4 million. The terms of the agreement provide that the investor may have several options to convert the notes at varying rates and times following the completion of a qualifying financing transaction. Depending on the timing of conversion, the holder may also receive warrants to purchase common stock. In addition to conversion of the notes, the holder has the right to request shares of common stock, rather than cash, as payment for interest. In May 2014 the Company agreed to include $35 6,616 in principal and accrued interest of the convertible notes, due March 2015, under the terms of the Convertible Term Loan, due December 2016. On May 12, 2014, the Company entered into an agreement to amend the conversion terms of the Convertible Term loan, due December 2016 as follows: First Conversion Right . The holder had the right at its election to convert the principal and accrued interest of the note into common stock at a conversion rate equal to 90% of the price based on the terms offered in the Convertible Subordinated Note, due June 2015. The first conversion right was extended for a period of 120 days following the closing date of the IPO, July 14, 2014. Upon the holder’s election to convert, the conversion price would have equaled 125% of the price at which the common stock was sold in the IPO. The first conversion right expired on October 11, 2014 . Second Conversion Right . To the extent that the holder did not elect to exercise the First Conversion Right, then the holder has the right through the maturity date of the Note, December 2016, to convert the principal and accrued interest into common stock at a conversion rate equal to 125% of the price at which the common stock was sold in the IPO. Under the terms of this conversion agreement, the holder will receive 100% warrant coverage under the same terms provided pursuant to the First Conversion Right. On June 18, 2014, the holder agreed to convert $1,000,000 of the then outstanding principal balance of $3,250,000 together with the accrued related interest into common stock upon the completion of the IPO based on the terms described above in the First Conversion Right. Upon completion of the Company’s IPO on July 14, 2014, the $1,000,000 of principal and $58,630 of accrued interest converted into 980,213 shares of common stock and the Company also issued to the investor a five -year warrant to purchase 705,753 shares of the Company’s common stock at an exercise price equal to 125% of the IPO price, or $1.875 . As a result of the Company completing its IPO on July 14, 2014, the Company determined there was a beneficial conversion feature related to the remaining $2.3 million outstanding balance of the Convertible Term Loan, due December 2016 which totaled $894,444 . This amount was recorded as a discount to the debt and was amortized into interest expense on a straight-line basis over the 120 days following the closing of the IPO which represents the period that during which the debt could be converted at a discount to the IPO price. The Company recorded interest expense of $894,444 related to amortization expense associated with the beneficial conversion feature for the year ended December 31, 2014. The balance of the note as of June 30, 2015 and December 31, 2014 was $2.3 million plus accrued interest of $254,329 and $140,275 , respectively. Series Subordinated Note The series subordinated note totaling $613,808 in principal and accrued interest of $100,745 as of December 31, 2014 was originally due in December 2014. In December 2014, the Company amended the terms of the note to include monthly installments of $50,000 due December 2014 and an additional $50,000 due at the end of each following month through April of 2015, when the remaining principal balance and related accrued interest becomes due. In May 2015, the Company amended the note agreement to provide payments equal to $50,000 starting on May 31, 2015 and continuing each subsequent month end till December 31, 2015, which the entire remaining principal and accrued interest is due. The principal balance on the note as of June 30, 2015 and December 31, 2014 was $499,592 and $613,808 , respectively. Notes Payable, due January 2016 In January 2014, the Company assumed notes payable totaling $74,486 related to the acquisition of DE2. The original terms of the notes required repayment on the earlier of January 31, 2016 or the date the Company completes a business combination with an operating company in a reverse merger or reverse takeover transaction or other transaction after which the Company would cease to be a shell company. The reverse merger was completed in February 2014, and the terms of the note were amended to state that the principal and related accrued interest is due the earlier of January 31, 2016 or the date the Company completes one or more private placements of debt or equity securities resulting in aggregate proceeds of $10,000,000 . Note Payable, due August 2021 In August 2014, the Company entered into a 0% interest $192,000 note payable with the State of Minnesota as part of an Angel Loan program fund. There are no financial loan covenants associated with the loan, which has a maturity date of August 2021. The loan contains a provision whereby if the Company transfers more than a majority of its ownership, the loan becomes immediately due, along with a 30% premium amount of the principal balance. In addition, if the Company is more than 30 days past due on any payments owed under the loan, the interest rate increases to 20% per annum. Installment Note Payable – Bank In March 2014, the Company entered into an installment note with a bank for a total of $330,020 . The note bears interest at the prime rate plus 1% , but not less than 5% . The note is due on demand; if no demand is made then the note is due in monthly payments of $9,903 from April 2014 through April 2017. Borrowings are secured by substantially all of the Company’s property and are guaranteed by three of the Company’s directors . In April 2015, the Company entered into a new installment note replacing the above mentioned note. The balance of the existing note totaled approximately $216,000 , while the new note was issued for approximately $330,000 . The Company received the net amount between the two notes or $113,000 , which was primarily used for working capital purposes. The new note bears interest at the prime rate plus 1% , but not less than 5% . The note is due on demand; if no demand is made then the note is due in monthly payments of $9,903 from May 2015 through May 2018. Borrowings remained secured by substantially all of the Company’s property and are guaranteed by three of the Company’s directors. The principal balance as of June 30, 2015 and December 31, 2014 was approximately $313,000 and $252,000 , respectively. Other Information Regarding Debt The prime interest rate was 3.25% at June 30, 2015 and December 31, 2014 . As a result of either the short term duration or recency of the financing, the Company believes that the fair value of its outstanding debt approximates market value.	6. Financing Arrangements The Company has raised debt through several forms of borrowing including bank loans, loans from d irectors and other affiliated parties and unaffiliated third party investors. Certain of the debt was issued with warrants that permit the investor to acquire shares of the Company’s common stock at prices as specified in the individual agreements. See Note 12 for additional information regarding conversions of debt and accrued interest into common stock in 2013 and the year ended December 31, 2014 . Following is a summary of debt outstanding: As of December 31, December 31, 2014 2013 Senior Secured Note Payable, due August 2013 $ - $ Secured Convertible Notes, due June through August 2014 - Notes Payable to Directors and Affiliates Convertible Notes, due March 2015, interest at 10% - Convertible Term Loans, due December 2016, interest at 10% Convertible, Subordinated Notes, due March 2012 interest at 6% - Convertible Subordinated Note, due April 2015 interest at 9% - Series Subordinated Notes, due April 2015 Stated interest rate of 12% , effective interest of 38% . Notes Payable, due February 2015, interest at 10% - Notes Payable, due the earlier of raising $10 million in proceeds from private placements or January 2016, interest between 8.25% and 12% - Note Payable, due August 2021, interest 0% - Installment Note Payable – Bank Total Unamortized discount Total debt, net Less: current maturities Long-term portion $ $ Future maturities of long-term debt at December 31, 2014 are as follows: 2015 $ 2016 2017 - 2018 - 2019 - Thereafter $ Senior Secured Note Payable In October 2012, the Company entered into a Loan and Security Agreement (the “Secured Loan Agreement”) with Michaelson Capital Partners, LLC (the “Senior Secured Lender”) that provides for borrowings of up to $1,500,000 . Borrowing under the Secured Loan Agreement is secured by all property of the Company including tangible and intangible property. In addition, the Secured Loan Agreement contained certain negative pledges and restrictions on certain types of transactions and use of loan proceeds. The note is guaranteed by a Company d irector and the spouse of the d irector. The loans carry stated interest rates from 10 - 16% . In the event of default the interest rate increase s to 14% - 20% . The Secured Loan Agreement’s stated expiration date was April 23, 2013. Beginning in August 2013, the Company was in default and outstanding borrowings a nd interest began to accrue at the default rates. In addition, the agreement contains certain covenants, some of which the Company was not in compliance with. The note was amended in February 2013 and an additional $1,000,000 was borrowed. Further, as part of this amendment the lender received a payoff premium of $750,000 which the Company accrued as interest expense in 2013 and paid in 2014 . On December 6, 2013, the Company entered into a Forbearance Agreement (the “Forbearance Agreement”) with the Senior Secured Lender. The Forbearance Agreement provided that the Senior Secured Lender would not accelerate repayment of the amounts owing, or enforce its security interests or any other rights, under the Secured Loan Agreement, until March 6, 2014. In March 2014 the F orbearance A greement was extended to May 12, 2014. In consideration for the extension the Company agreed to issue $1 million of the Company’s common stock, the number of shares to be determined by reference to the lowest per share price in the Company’s then planned public offering of common stock. On July 14, 2014 the Company issued to the Senior Secured Lender 666,667 shares of common stock at $1.50 per share for a total value of $1,000,000 . In 2014 , the Company recorded interest expense of $1,000,000 , related to this extension. On May 1, 2014, the Company entered into an agreement with an investor to draw on the $4 million convertible term loan , due December 2016 , described below for an amount sufficient to satisfy their outstanding obligation to the Senior Secured Lender, but not to exceed the loan limit of $4 million, for a maximum borrowing of $3.4 million as of March 31, 2014. On May 19, 2014, the Company entered into a second forbearance agreement with the Senior Secured L ender through May 23, 2014 in return for the Company repaying a total sum of $500,000 on this date. In addition, the Company agreed to reduce the price per share related to the $1.0 million of common stock to 80% of the lowest price per share of common stock issued to any investor in the Company if the stock was not publicly traded on or before July 15, 2014. On May 29, 2014, the Company received an advance totaling $1.950 million under the terms of the convertible term loan and repaid a total of $2.0 million of the outstanding balance to the Senior Secured Lender, leaving a remaining balance of $150,660 . On May 30, 2014, the Company entered into an unsecured convertible note payable with the Senior Secured Lender for a total of $150,660 . The note b ore interest a t an annual rate of 10% and the principal and accrued interest were due on or prior to July 31, 2014. Upon a thirty day written notice to the Company from the issuance date, the Senior Secured L ender had an option to convert the note into common stock at 90% of the conversion terms offered in the Convertible Subordinated Notes, due June 2015 , described below . In addition, upon conversion of the note, the holder was entitled to receive warrants equal to the number of shares received from the conversion at a price of 125% of the IPO price. In July 2014, the Company repaid the remaining note outstanding of $150,660 , along with accrued interest totaling $2,559 which satisfied all remaining obligations to th e Senior Secured L ender. The S enior Secured L ender also received a warrant to purchase 76,228 shares of Company common stock at $9.00 per share. The warrant expires in October 2017. Including the value of the warrant at the date of issuance, the effective interest rate on the full $2,500,000 available under the Secured Loan Agreement was 38% . The exercise price of the warrant is subject to downward adjustment in the event of the subsequent sale of common stock or convertible debt at a lower price, as defined, prior to exercise of the warrant. As a result of this provision, the Company determined that the warrant should be accounted for as a liability carried at fair value. In February 2013, the exercise price was adjusted to $2.88 and the number of shares of Company common stock to be acquired was increased to 238,212 based on a qualifying transaction. In July 2014, the Company entered into an agreement to modify the terms of the warrant. Under the new terms, the exercise price was reduced to $1.20 per share which is 80% of the IPO share price and the number of shares of Company common stock to be acquired was increased to 571,708 . In connection with the issuance of warrants with an exercise price of $1.15 as part of the PIPE transaction completed in 2015, the Company increased the total number of shares of common stock issuable upon exercise of the warrant issued to the Senior Secured Lender to 745,706 and reduced the exercise price to $.92 per share (See Note 16 “Subsequent Events”). The Company determined the value of the warrant to be $146,000 and $309,000 at December 31, 2014 and December 31, 2013 , respectively, and both of these amounts were recorded as a liability on the balance sheet as of these dates. The Company also incurred financing costs in conjunction with this transaction aggregating $62,500 that are owed under the same terms as terms as the Secured Loan Agreement. The entire amount was fully amortized as of December 31, 2014. Secured Convertible Notes, due June through August 2014 From June through August 2013, the Company borrowed $770,000 under various secured convertible notes. The notes b ore interest at the annual rate of 10% and mature one year from the date of issue. Had the Company defaulted on the notes, the annual rate of interest would have increased by 5% . The re was no early repayment penalty on the loans. Borrowings under the notes were secured by all property of the Company including tangible and intangible property. In addition, the notes contain ed certain negative pledges and restrictions on certain types of transactions and use of loan proceeds. Upon completion of certain equity financing transactions as defined in the notes, the outstanding principal and unpaid interest was automatically converted into common stock. The conversion rate per share was equal to 75% of the per share price of the securities offered in the defined financing transaction . On May 12, 2014, the Company entered into a loan modification agreement under which the h older of the note agreed to provide a $40,000 discount of the outstanding balance with a repayment of $150,000 of principal outstanding as of this date. During the year ended December 31, 2014, the Company repaid a total of $660,000 of principal and $66,055 of accrued interest. In addition, the Company c onverted into equity $70,000 of principal and $1,764 of accrued interest at a conversion rate of $4.00 per share. (See Note 12 ). No obligation remained outstanding under these notes as of December 31, 2014. Notes Payable to Directors and Affiliates In November 2010, the Company borrowed $300,000 from a d irector. The loan was unsecured, had a stated interest rate of 6% and was due in equal monthly installments of $9,127 until fully repaid in November 2013. In conjunction with the loan agreement, the d irector received 17,484 shares of common stock with an aggregate value of $69,937 . The remaining balance on this loan was converted to common stock in 2013. (See Note 12) In 2012, the Company borrowed $1,000,000 under unsecured notes from certain current or former d irectors or their affiliates. These notes had a stated effective annual interest rate of 24% for the first 60 days and 40% thereafter until paid. These loans were converted to common stock in 2013. (See Note 12) In October 2012, a d irector of the Company loan ed the Company $1,105,000 , replacing a note payable to a bank in an equal amount. The loan was due in November 2013 and had an interest rate equal to the prime rate plus 1.25% , but not less than 4.5% . Th e note issued in connection with this loan was secured by the pledge of 86,875 shares of Company stock and 136,250 options owned by the President/CEO of the Company. The loan was subordinate to the Senior Secured Note Payable until such time as that note is repaid; afterwards the loan would have become senior to all other debt. Concurrent with th is loan, the Director received a warrant to purchase 50,000 shares of Company common stock at $4.00 per share. In November 2013, the warrant was exchanged for common stock. This note was converted into common stock in the February 2013 debt conversion. (See Note 12) In 2013, the Company borrowed an additional $3,093,332 (including the refinancing of a $250,000 note and related interest of $43,332) from two d irectors. Certain of these and other previously outstanding loans to these d irectors were converted to common shares in 2013 as described in Note 12. In March 2014, the Company borrowed $1,500,000 from a director to fund the acquisition of Select Mobile Money from DeviceFidelity . (See Note 10) The note ha d an interest rate equal to 24% , payable monthly commencing April 2014. T he Company failed to pay the accrued interest on the note due April 2014 . As a result , the interest rate increased to 48% in April 2014 and continued to accrue at this rate until the note and all accrued interest was repaid in full. The principal and any unpaid accrued interest became due on May 15, 2014. In addition, the Company agreed to issue common stock as consideration for the note equal to 12.5% of the principal amount or $187,500 , which equals 78,125 shares using the required share price of $2.40 . Because the Company failed to pay the accrued interest due April 2014, the Company owed additional common stock equal to 3.125% of the outstanding principal amount or $46,875 , which equals 19,531 shares on each successive 5 th business day for as long as any portion of the principal amount of the loan was outstanding. The Company issued a total of 382,809 shares of common stock and recorded interest expense of $890,624 related to the common stock issued for the year ended December 31, 2014 . A total of $1,731,781 of principal and accrued interest was repaid in July 2014. In addition to the $1,500,000 March 2014 note above, the Company also issued a total of $3,690,000 of new notes to three d irectors during the year ended December 31 , 2014. Of this amount, $1,925,000 of the notes bears interest at a rate of 10% and become s due between February and September of 2015 , and $1,500,000 represents a line-of-credit agreement with one director of the Company. The original terms of the line-of-credit agreement provided for a stated interest rate of 10% on the principal amount outstanding . B oth the principal and unpaid accrued interest is payable upon the earlier of September 30, 2014 or completion of a public offering of securities. There are no financial covenants with the line-of-credit. Through the second quarter of 2014, the Company had drawn down the entire $1,500,000 under this facility. At the option of the d irector, all the principal and unpaid accrued interest under the line-of-credit could have been converted upon the completion of an IPO of the Company’s common stock at a 20% discount to the price at which the shares are of the Company’s stock were sold in the offering. The director exercised this conversion right with respect to $500,000 of indebtedness in connection with our July 2014 IPO (see June 24, 2014 Letter Agreement below). T he Company entered into three notes with di rectors totaling $265,000 that were due June 30, 2015 and accrue d interest at a rate of 8% . The terms of these notes include d a provision whereby all principal and accrued interest automatically convert ed into the Company’s common stock upon the successful consummation of an IPO. On July 14, 2014, the Company completed an IPO and the conversion price equaled 80% of the per share purchase price at which the Company’s common stock was sold in the IPO. On July 14, 2014, $265,000 of principal and $6,763 of accrued interest converted into 226,468 shares of common stock. On June 17, 2014, the Company entered into a conversion agreement with two directors under which a total of $1,050,000 of principal related to the 10% term notes due between February and March 2015 would automatically convert into common stock upon the completion of an IPO of the Company’s common stock at a 20% discount to the price at which the shares of the Company’s stock were sold in the IPO . These notes were converted into common stock at the time of our IPO. Upon conversion, the two d irectors also receive d 100% warrant coverage at a price equal to 125% of the IPO price or $1.875 . On June 24, 2014, the Company entered into a letter agreement with two d irectors under which a total of $900,000 of the principal of the 10% term notes due between February and March 2015 and $500,000 of principal owed under the 10% line-of-credit due September 2014 would automatically convert upon the Company completing an IPO. In addition, the d irector agreed to amend the repayment terms of the line-of-credit to occur on the earlier of (a) raising an aggregate gross proceeds in one or more financing transactions (other than the IPO) of at least $10 million or (b) July 31, 2015. The conversion terms are the same as described in the conversion agreement dated June 17, 2014 above. On July 14, 2014, the Company completed its IPO resulting in $3,375,000 of principal and $204,134 of accrued interest of short-term notes payable with a stated interest rate of 10% converting into 2,982,611 shares of the Company’s common stock. In addition, the two directors received five -year warrants to purchase a total of 2,250,000 shares of the Company’s common stock at an exercise price of 125% of the IPO price or $1.88 per share. Lastly, as part of the letter agreement entered into on June 24, 2014, a director agreed to convert $500,000 of principal related to the $1.5 million line-of-credit outstanding into 416,667 shares of common stock and also received five -year warrants to purchase a total of 333,333 shares of the Company’s common stock at an exercise price of 125% of the IPO price or $1.88 per share. T he amount of principal owed under the $1.5 million line-of-credit as of December 31, 2014 was $1,000,000 plus accrued interest of $62,315. As a result of the Company completing its IPO on July 14, 2014, the Company determined there was a beneficial conversion feature related to the $1 .0 million outstanding balance of the line-of-credit which totaled $250,000 . This amount was recorded as a discount to the debt and is being amortized into interest expense through the maturit y date of July 31, 2015. For the fiscal year ended December 31 , 2014, the Company recorded interest expense of $104,165 related to amortization expense associated with the beneficial conversion feature. The unamortized balance of the beneficial conversion feature as of the end of December 31 , 2014 was approximately $146,000 . On July 30, 2014, the Company entered into a financing commitment letter with two d irectors to lend the Company up to $2.5 million through December 31, 2014 , bearing interest at 10% , and due January 31, 2015 , which was later extended to January 31, 2016 . If any portion of the notes issued under the commitment letter was outstanding beyond January 31, 2015, the default interest rate would be adjusted to 18% . As of December 31 , 2014, the total principal and accrued interest amount outstanding owed to its d irectors related to advances under commitment letter equaled $350,000 and $9,465 , respectively . On February 3, 2015, Michael Hanson, one of our directors, converted $250,000 of the amount ow ed into 217,391 shares of Series B Convertible Preferred Stock (which Series B Convertible Preferred Stock was converted into common stock on February 27, 2015). Also in February 2015 , the Company amended the terms of the commitment letter to extend the repayment of the outstanding principal balance owed as of that date of $450,000 to January 31, 2016 at a rate of 10% per annum (See Note 16 “Subsequent Events”). As part of the amendment, the d irectors did not renew the remaining amount available under the original terms of the commitment letter. Convertible Notes due March 2015 In 2013, the Company borrowed $575,000 under convertible notes. These notes were due March 15, 2015 and carry same general conversion provisions as the 2013 Notes Payable to the two d irectors described above. The notes bear a stated interest rate of 10% . Warrants to purchase 87,500 shares of common stock at $4.00 per share were issued with $350,000 of this debt, resulting in an effective interest rate of 19% on that portion of the borrowing. In May 2014, the Company entered into an amendment with various lenders to modify the terms on $350,000 of these convertible notes to the terms provided under the convertible notes due December 2016. Therefore, prior to the Company’s completion of its IPO on July 14, 2014, the total principal amount outstanding of convertible notes due March 31, 2015 was $225,000 . Upon the completion of the Company’s IPO, the total outstanding balance of $225,000 in principal and $15,015 of accrued interest automatically converted into 177,786 shares of common stock. Convertible Term Loan, due December 2016 In December 2013, the Company entered into an agreement to issue convertible notes to an investor in a principal amount of up to $4 million. The proceeds of borrowings under the note s are expressly to be used to repay amounts owed under the Senior Secured Note Payable. Bor rowings under the agreement bear interest at 10% and the note matures in December 2016. In the event of default, the interest rate increases by either 2% or 4% , depending on the nature of the default. Under the note agreement, the investor has the right, but not the obligation, to advance additional amounts up to the $4 million. The terms of the agreement provide that the investor may have several options to convert the notes at varying rates and times following the completion of a qualifying financing transaction. Depending on the timing of conversion, the holder may also receive warrants to purchase common stock. In addition to conversion of the notes, the holder has the right to request shares of common stock, rather than cash, as payment for interest. In May 2014 the Company agreed to include $35 6,616 in principal and accrued interest of the convertible notes, due March 2015 , under the terms of the Convertible Term L oan, due December 2016. The outstanding balance including accrued interest as of December 31, 2013 was $502,603 . On May 1, 2014, the Company entered into an agreement which requires, within 10 calendar days of a written request on or prior to May 12, 2014 , the holder of the convertible notes agreed to make additional advances to the Company in an amount sufficient to satisfy the senior debt amount outstanding, but not to exceed the loan limit of $4.0 million. On May 12, 2014, the Company entered into an agreement to amend the conversion terms of the Convertible Term loan, due December 2016 as follows: First Conversion Right . The holder had the right at its election to convert the principal and accrued interest of the note into common stock at a conversion rate equal to 90% of the price based on the terms offered in the Convertible Subordinated Note, due June 2015 . The first conversion right was extended for a period of 120 days following the closing date of the IPO, July 14, 2014. Upon the h older’s election to convert, the Company would issue the h older 100% warrant coverage, with the exercise price being the same offered in the IPO or 125% of the price at which the common stock was sold in the IPO. Second Conversion Right . To the extent that the h older d id not elect to exercise the First Conversion Right, then the h older has the right through the maturity date of the Note, December 2016, to convert the principal and accrued interest into common stock at a conversion rate equal to 125% of the price at which the common stock was sold in the IPO. Under the terms of this conversion agreement, the h older will receive 100% warrant coverage under the same terms provided pursuant to the First Conversion Right. On June 18, 2014, the h older agreed to convert $1,000,000 of the then outstanding principal balance of $3,250,000 together with the accrued related interest into common stock upon the completion of the IPO based on the terms described above in the First Conversion Right. Upon completion of the Company’s IPO on July 14, 2014, the $1,000,000 of principal and $58,630 of accrued interest converted into 980,213 shares of common stock and the Company also issued to the investor a five -year warrant to purchase 705,753 shares of the Company’s common stock at an exercise price equal to 125% of the IPO price , or $1.875 . As a result of the Company completing its IPO on July 14, 2014, the Company determined there was a beneficial conversion feature related to the remaining $2.3 mill ion outstanding balance of the C onvertible T erm L oan, due December 2016 which totaled $894,444 . This amount was recorded as a discount to the debt and was amortized into interest expense on a straight-line basis over the 120 days following the closing of the IPO which represents the period that allows for the debt to be converted at a discount to the IPO price. During the year ended December 31 , 2014, the Company recorded interest expense of $894,444 related to amortization expense associated with the beneficial conversion feature. The unamortized balance of the beneficial conversion feature as of December 31 , 2014 was $0 . The balance of the note as of December 31, 2014 was $2.3 million plus accrued interest of $140,275 . Total advances under the note during 2014 totaled $3.3 million. Convertible Subordinated Notes, due March 2012 In March 2011, the Company issued $1,432,561 in face amount of convertible debt, the “March 2011 Notes”. These notes had a stated interest rate of 6% . The terms of the notes allowed the holders to convert the debt into common stock at any time prior to maturity at a conversion rate equal to the lesser of $9.00 per share or 25% below the offering price in the sale of securities in a qualified sale of securities, as defined. Payment of principal and interest on these notes was unsecured and subordinated to senior indebtedness, as defined. Concurrent with the issuance of these notes, the Company issued warrants to purchase 107,442 shares of Company common stock at $4.00 per share. In July and August 2011, the Company prepaid the majority of these notes and accrued interest. After the prepayment, holders of these notes purchased 124,449 shares of Company stock at $9.00 per share for an aggregate purchase price of $1,120,000 . In February 2013 and January 2014 an additional $200,000 and $14,422 was converted into common stock, respectively. (See Note 12) The remaining outstanding balance of $100,000 was converted into 25,000 shares of the Company’s common stock as part of its IPO on July 14, 2014 and the Company repaid accrued interest totaling $19,644 as of this date. Convertible Subordinated Note, due April 2015 In April 2013 the Company borrowed $200,000 under a convertible note. The note had a stated interest rate of 9% and was due April 1, 2015. The note was convertible at the option of the holder any time after April 1, 2014. The note would be automatically converted upon the occurrence of certain equity financing transactions or a change in control as defined in the note. The conversion price was $4.00 per share. On July 14, 2014, the outstanding principal balance of $200,000 and $21,699 of accrued interest was converted into 55,424 shares of common stock as a result of completing the Company’s IPO. Convertible Subordinated Notes, due February 2015 In February 2014 the Company borrowed $100,000 under a convertible note. The note was non - interest bearing and was due the earlier of February 27, 2015 or the completion of an equity offering by the Company of at least $5,000,000 . The note was convertible at the option of the holder at the time at in which the Company complete d such an equity offering of its common stock. The conversion price was equal to the offering price of the Company’s common stock. During the year ended December 3 1 , 2014, the Company repaid the principal balance outstanding of $100,000 . Convertible Subordinated Notes, due June 2015 In May 2014 the Company borrowed $330,000 under convertible notes. The notes b ore interest at a stated rate of 8% per annum. The principal amounts of the notes, along with the accrued interest, were both due June 2015. The terms of these notes include s a provision whereby all principal and accrued interest automatically convert ed into the Company’s common stock upon the successful consummation of an IPO . The conversion price was 80% of the per share price at which the Company’s common stock was sold in our IPO. Upon completion of the July 14, 2014 IPO which raised $6,750,000 gross proceeds, the principal amount outstanding of $330,000 was converted into 275,000 shares of common stock. The Company repaid accrued interest totaling $5,017 to the holders of the notes. Series Subordinated Notes Between June 2011 and December 2012, the Company borrowed approximately $7,800,000 utilizing a series of notes (the “Series Notes”). The Series Notes were issued in tranches that contained various terms with regard to maturity dates, interest rates, subordination, conversion features and the number of warrants issued with each tranche. Certain Series Notes contained a Company option to extend the due dates by up to 90 days, as well as provisions for acceleration upon completion of certain financings. In connection with these Series Notes, the Company issued warrants to purchase an aggregate of 780,000 shares of Company common stock at $4.00 per share. These warrants expire in November 2015. During, 2013 the Company borrowed an additional $430,000 , and issued warrants to purchase 35,688 shares, under the same general provisions as the Series Notes. In 2013 all but $863,808 face amount of the Series Notes and $104,096 in accrued interest had been converted into common stock and all but approximately 75,000 of the related warrants were exchanged for common stock. In January 2014 an additional $250,000 in debt and $650,647 in accrued interest were converted into 225,162 share of common stock at a conversion rate of $4.00 per share. (See Note 12) The remaining $613,808 in principal and accrued interest of $100,745 was originally due in December 2014. In December 2014, the Company amended the terms of the note to include monthly installments of $50,000 due December 2014 and additional $50,000 due at the end of each following month through April of 2015, when the remaining principal balance and related accrued interest becomes due. Notes Payable, due February 2015 In December 2013 and January 2014, the Company issued promissory notes for $100,000 and $150,000 , respectively. The notes accrue d interest at a rate of 10% and were originally due the earlier of the Company raising sufficient new funds as determined by the holder or March 31, 2014. In February 2014, the Company entered into an amendment which extended the maturity date of the agreement to February 18, 2015. All other terms of the agreement remained unchanged. During the year ended December 3 1 , 2014, the Company repaid the principal amount outstanding of $250,000 , along with accrued interest totaling $13,233 . During fiscal year 2014 , the Company issued detachable warrants to purchase common stock equal to 25% of the principal amounts under the se notes. The life of the warrants range between three and five years with an exercise price of $3.60 . The total number of shares issuable under the warrants totaled 821,250 related to a total of $ 3,285,000 short term notes issued in consideration for the loans to the Company. Of this total , $2,875,000 and warrants to purchase 718,750 shares relates to two directors of the Company. In addition, of the total warrants issued, warrants to purchase 302,500 shares relates to short term notes, which were converted into equity during 2013. The Company determined the fair value of the warrants to be $573 using the Black-Scholes model. See Note 12 for the inputs used in valuing the warrants using the Black-Scholes model. Notes Payable, due January 2016 In January 2014, the Company assumed notes payable totaling $74,486 related to the acquisition of DE2. The original terms of the notes required repayment on the earlier of January 31, 2016 or the date the Company completes a business combination with an operating company in a reverse merger or reverse takeover transaction or other transaction after which the Company would cease to be a shell company. The reverse merger was completed in February 2014, and the terms of the note were amended to state that the principal and related accrued interest is due the earlier of January 31, 2016 or the date the Company completes one or more private placements of debt or equity securities resulting in aggregate proceeds of $10,000,000 . Note Payable, due August 2021 In August 2014, the Company entered into a 0% interest $192,000 note payable with the State of Minnesota as part of an Angel Loan program fund. There are no financial loan covenants associated with the loan, which has a maturity date of August 2021. The loan contains a provision whereby if the Company transfers more than a majority of its ownership, the loan becomes immediately due, along with a 30% premium amount of the principal balance. In addition, if the Company is more than 30 days past due on any payments owed under the loan, an interest rate of 20% per annum becomes due. Installment Note Payable – Bank In March 2014, the Company entered into an installment note with a bank for a total of $330,020 . The note bears interest at the prime rate plus 1% , but not less than 5% . The note is due on demand ; if no demand is made then the note is due in monthly payments of $9,903 from April 2014 through April 2017. Borrowings are secured by substantially all of the Company’s property and are guaranteed by three of the Company’s d

Employee Benefit Plan78

Employee Benefit Plan	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Employee Benefit Plan
Employee Benefit Plan	7. Employee Benefit Plan The Company has a defined contribution 401(k) saving plan covering all employees satisfying certain eligibility requirements. The plan permits, but does not require, Company contributions; the Company did not make any contributions for the three and six months ended June 30, 2015 and 2014 .	7. Employee Benefit Plan The Company has a defined contribution 401(k) saving plan covering all employees satisfying certain eligibility requirements. The plan permits, but does not require, Company contributions; the Company did not make any contributions for the year ended December 31, 2014 and 2013 .

Commitments and Contingencies79

Commitments and Contingencies	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Commitments and Contingencies
Commitments and Contingencies	8. Commitments and Contingencies Operating Leases The Company leases approximately 22,000 square feet of office space in Chanhassen, Minnesota. The lease commenced on May 1, 2012 and extends through August 31, 2016. In addition to the office space, the Company leases certain office furniture and equipment under operating leases through November 2016. The Company entered into a lease agreement in April 2014 for a total of 1,812 square feet of office space in Dallas, Texas related to the employees retained as part of the acquisition of Select Mobile Money. The lease commenced on May 1, 2014 and extends through June 30, 2017. Rent expense under all leases for the three and six months ended June 30 , 2015 were $125,742 and $252,720 , compared to $74,526 and $135,577 for the same periods in the prior year, respectively. The Company’s office space lease calls for rent increases over the term of the lease. The Company records rent expense on a straight line basis using average rent for the term of the lease. The excess of the expense over cash rent paid is shown as accrued rent. The Company also has various computer leases with three year terms. The Company is recording the expense on a monthly basis. Total future minimum contractual lease payments for all operating leases are as follows: Six months ending December 31, 2015 $ 2016 2017 2018 2019 $ Capital Leases The Company entered into a several capital lease arrangem ent with one of its directors from March 2015 to June of 2015 for certain computer equipment and software licenses with an imputed interest rate of 7.3% per year. The total cost and accumulated amortization included in property and equipment as of June 30 , 2015 totaled approximately $584,000 and $30,000 , re spectively . Amortization of the leased property wa s approximately $30,000 for the three and six months ended June 30 , 2015 and is included in depreciation expense . The Company also entered into a capital lease with a third-party leasing company, which was co-guaranteed by one of its directors for prepaid software licenses. The lease carries an imputed interest rate of 7.3% per year and requires monthly payments of $10,759 per month through July 2017. Future lease payments under capital lease s are as follows: Six Months Ending December 31, 2015 $ 2016 2017 2018 Total payments Less: portion representing interest Principal portion Less: current portion Long-term portion $ Future maturities of capital lease obligations are as follows: Six Months Ending December 31, 2015 $ 2016 2017 2018 $ In February 2015, the Company entered into an agreement with a director, James L. Davis which guarantees financial responsibility for the obligations under the terms of a lease arrangement which he entered into on behalf of the Company. In addition, the Company entered into an agreement with Mr. Davis which provides for the same lease terms as he entered into on behalf of the Company. The three -year lease agreement provides financing up to $500,000 of computer equipment the Company procured for its data centers to accommodate the overall increase in transactions and ensure it is able to meet customer uptime requirements. As consideration to the director for entering into the lease, the Company issued the director a five -year warrant to purchase up to 407,614 shares of common stock at $1.15 per share. The warrant was 100% vested and exercisable upon issuance. In June 2015, Mr. Davis provided his personal guarantee as part of lease the Company entered into with a third-party leasing company totaling approximately $242,000 . As consideration to the director for providing his personal guarantee, the Company issued the director a five -year warrant to purchase up to 241,900 shares of common stock at $.44 per share in June 2015. The warrant was 100% vested and exercisable upon issuance. The Company amortizes the fair value of the warrants over the term of the leases. Litigation An entity named Cachet Banq contacted the Company in December 2010 regarding their U.S. Trademark Registration No. 2,857,465 (registered on June 29, 2004) for the standard character mark CACHET covering “financial services, namely automated clearinghouse processing services for the payroll service industry.” Cachet Banq alleged that the Company’s use of “CACHET” infringes on their federal trademark registration. On March 4, 2013, Cachet Banq filed a trademark infringement lawsuit against the Company in the United States District Court for the Central District of California. The parties have filed cross motions for summary judgment. The initial brief was filed on May 30, 2014, replies were filed on June 26, 2014 and the court took these motions under advisement on July 8, 2014. The Company has denied that its use of the character mark CACHET infringes on Cachet Banq’s purported rights in their mark, and will vigorously defend this and any future similar claims made by Cachet Banq. The Company is not currently involved in any other material legal proceedings. Financial Service Agreements In January 2015, the Company entered into an engagement letter with a new financial advisory services company. The terms of this agreement include a six month term in which the financial advisory services company will assist the Company is completing a $15.0 million public offering of its equity or equity-linked securities at a 7% commission. In addition, the Company agreed to provide the financial advisory services company warrants equal to 7% of the securities issued in the offering at 120% of the price of the securities sold under the offering. The terms of the warrant will be five years from the closing date of the offering. The Company also agreed to reimburse any reasonable out of pocket expenses in connection with this engagement. The agreement is cancelable by either party with a 30 day notice. In June 2015, the Company entered into an additional engagement letter with another financial advisory services company as part of completing PIPE offering. The Company agreed to provide financial advisory for completing an offering at a 5% commission rate. In addition, the Company agreed to provide warrants equal to 7% of the common stock issuable upon conversion of the convertible preferred stock with an exercise price equal to the exercise price of the warrants issued to investors on the completion of the offering.	8. Commitments and Contingencies Operating Leases The Company leases approximately 22,000 square feet of office space in Chanhassen, Minnesota. The lease commenced on May 1, 2012 and extends through August 31, 2016. In addition to the office space, the Company leases certain office furniture and equipment under operating leases through November 2016. The Company entered into a lease agreement in April 2014 for a total of 1,812 square feet of office space in Dallas, Texas related to the employees retained as part of the acquisition of Select Mobile Money. The lease commenced on May 1, 2014 and extends through June 30, 2017. Rent expense under all leases was $441,148 in 2014 and $383,807 in 2013 . The Company’s office space lease calls for rent increases over the term of the lease. The Company records rent expense on a straight line basis using average rent for the term of the lease. The excess of the expense over cash rent paid is shown as accrued rent. The Company also has various computer leases with three year terms. The Company is recording the expense on a monthly basis. Total future minimum contractual lease payments for all operating leases are as follows: Minimum Lease Commitments: 2015 $ 2016 2017 $ Litigation An entity named Cachet Banq contacted the Company in December 2010 regarding their U.S. Trademark Registration No. 2,857,465 (registered on June 29, 2004) for the standard character mark CACHET covering “financial services, namely automated clearinghouse processing services for the payroll service industry.” Cachet Banq alleged that the Company’s use of “CACHET” infringes on their federal trademark registration. On March 4, 2013, Cachet Banq filed a trademark infringement lawsuit against the Company in the United States District Court for the Central District of California. The parties have filed cross motions for summary judgment. The initial brief was filed on May 30, 2014, replies were filed on June 26, 2014 and the court took these motions under advisement on July 8, 2014. The Company has denied that its use of the character mark CACHET infringes on Cachet Banq’s purported rights in their mark, and will vigorously defend this and any future similar claims made by Cachet Banq. The Company is not currently involved in any other material legal proceedings. Financial Service Agreements The Company has an agreement with a financial advisory services company. The agreement contains various provisions including assisting the Company in identifying potential investors. The agreement may require the Company to pay the advisor a monthly fee of cash, warrants or combination thereof, based upon certain defined events including the closing of financing transactions. The agreement also contains a termination provision which requires the Company to pay the advisor for transactions closing subsequent to the agreement termination. The Company amended the agreement on March 25, 2014, to include an additional financial advisory services company. Per the terms of the amended agreement, both investment firms are to provide investment advisory services in connection with raising additional capital for a six month period. The agreement provides for a fixed retainer for advisory services aggregating $100,000 in cash and equity securities. In addition, the agreement provides for a fee based upon the amount of capital raised (the “Agent fee”). The Agent fee is to be paid in cash based upon a percentage and type of the capital raised. The Company has also agreed to sell to the parties to the agreement, at a nominal price, warrants to purchase shares of the Company’s common stock. The number of shares and the exercise price of the warrant are based upon the size and terms of the securities issued. On June 23, 2014, the Company amended the agreement to have $100,000 fee be paid 100% in cash. On August 8, 2014, the Company entered into an agreement with the same financial advisory services company to assist in identifying potential investors with the intent of conducting a private offering of equity. The terms of the agreement include compensation of 8% of any funds raised as well as the issuance of five -year warrants to purchase the Company’s stock equal to 3% of shares issued as part of the offering for a fee of $50 . The exercise price of the warrants is equal to the same provided to the investors as part of the offering. If there are no warrants offered to the investors, the exercise price is equal to the conversion price of the common stock issued in the offering. The Company also agreed to pay a total of $50,000 of legal and other out of pocket expenses incurred from the offering. The term of this agreement is for a period of six months, but may be extended upon mutual consent of the parties. The Company provided a notice of termination to this financial advisory services company in December 2014. No additional fees were owed upon terminating the agreement. In January 2015, the Company entered into an engagement letter with a new financial advisory services company. The terms of this agreement include a six month term in which the financial advisory services company will assist the Company is completing a $15.0 million offering of its equity or equity-linked securities at a 7% commission. In addition, the Company agreed to provide the financial advisory services company warrants equal to 7% of the securities issued in the offering at 120% of the price of the securities sold under the offering. The terms of the warrant will be five years from the closing date of the offering. The Company also agreed to reimburse any reasonable out of pocket expenses in connection with this engagement. The agreement is cancelable by either party with a 30 day notice.

Income Taxes80

Income Taxes	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Income Taxes
Income Taxes	9. Income Taxes The Company has not recorded a current or deferred tax provision for the three or six months ended June 30 , 2015 or 2014 due to the Company’s net losses and the uncertainty of realization of any related tax benefit in the future. Due to the full valuation allowance on the Company’s net deferred tax assets, there was no deferred tax benefit or provision recorded as a result of the tax status conversion from an S corporation to a C corporation effective January 1, 2014. The Company recognizes tax liabilities for uncertain income tax positions based on management’s estimate of whether it is more likely than not that additional taxes will be required. The Company had no uncertain tax positions as of June 30 , 2015 or December 31, 2014. It is the Company’s practice to recognize interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense. The Company does not expect any material changes in unrecognized tax positions over the next twelve months.	9. Income Taxes The Company has not recorded a current or deferred tax provision for the year ended December 31, 2014 due to the Company’s net losses and the uncertainty of realization of any related tax benefit in the future. The Company did not record any tax provision for the year ended December 31, 2013 as the Company was an S Corporation and therefore did not pay corporate income taxes. Due to the full valuation allowance on the Company’s net deferred tax assets, there was no deferred tax benefit or provision recorded as a result of the tax status conversion. A reconciliation of our statutory tax expense (benefit) to our actual tax expense (benefit) is as follows: December 31, 2014 Federal statutory rate at 34 percent $ State taxes, net of federal tax expense (benefit) Nondeductible interest Stock-based compensation Nondeductible acquisition costs Nondeductible meals & entertainment Change in valuation allowance The components of our net deferred tax assets and liabilities are as follows: December 31, 2014 Deferred Tax Assets: Non-Current: Net operating loss carry forward $ Definite-lived intangibles Non-qualified stock-based compensation Current: Accounts receivable allowance Accrued expenses Gross deferred tax assets Deferred Tax Liabilities: Non-Current: Amortization of indefinite-lived intangible Property, plant and equipment Gross deferred tax liabilities Net deferred tax assets before valuation allowance Less: valuation allowance Total net deferred tax asset (liability) $ - The valuation allowance for net deferred tax assets as of December 31, 2014 was $4,880,000. In assessing the need for a valuation allowance, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. As of December 31, 2014 the Company had approximate Federal NOL carryforwards of $11,818,000 and various state NOL carryforwards of $6,886,000 . The loss carryforwards for federal tax purposes will expire beginning in 2030. The expiration of the statute of limitations related to the state NOL carryforwards varies by state. The Company is subject to income taxes in the U.S. federal and various state jurisdictions. We are generally subject to U.S. federal and state tax examinations for all years after 2010. Section 382 of the U.S. Internal Revenue Code generally imposes an annual limitation on the amount of net operating loss carryforwards that might be used to offset taxable income when a corporation has undergone significant changes in stock ownership. During 2014 the Company has had significant equity transactions resulting from the reverse merger, IPO, and debt-to-equity conversions. The Company has not yet completed a Section 382 analysis of the net operating loss carryforwards. Consequently, the Company’s NOL carryforwards may be subject to annual limitations under Section 382. The Company recognizes tax liabilities for uncertain income tax positions based on management’s estimate of whether it is more likely than not that additional taxes will be required. The Company had no uncertain tax positions as of December 31, 2014. It is the Company’s practice to recognize interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense. The Company does not expect any material changes in unrecognized tax positions over the next twelve months. The Company has not recorded a current or deferred tax provision for the years ended December 31, 2014 and 2013 respectively. The change in tax status did not impact the deferred tax provision due to the valuation allowance on our net deferred tax assets. In addition, separate state tax information has not been presented as it is considered not material.

Acquisition81

Acquisition	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Acquisition
Acquisition	10. Acquisition Acquisition of Select Mobile Money On March 4, 2014, the Company purchased from DeviceFidelty, Inc. (“DFI”), a Texas corporation, certain tangible and intangible assets of a business engaged in the development and provision of technology platforms supporting mobile wallet applications. The acquisition includes strategic relationships with Visa, Mastercard, MoneyGram and Navy Federal Credit Union, the providers of those services to their consumers. The Company believes this capability complements and supports its RDC and mobile deposit business by adding new features and services for consumers, creating an expanded consumer base and target market, and also expands the scope of its potential partners in the FSO market. The software asset the Company purchased included an assignment of a contract with Visa, to provide their customers the Visa endorsed mobile platform. It also includes the first mobile Moneygram implementation and Moneygram’s endorsement of the mobile solution to their customers. The aggregate purchase price of up to $2,125,000 includes $1,125,000 paid at closing and contingent consideration aggregating up to $1,000,000 based on satisfaction of certain performance related contingencies. The performance related contingencies are as follows: (1) $375,000 in the event the Company enters into a new master services agreement or other agreement with Visa U.S.A. Inc. or any affiliate of Visa, (2) $250,000 on or before April 15, 2014 upon the Company’s receipt of written confirmation from MoneyGram Payment Systems, Inc. on or before April 14, 2014 that its service is operational pursuant to a previously executed contract between DFI and MoneyGram, and (3) $375,000 upon the Company’s execution of a contract with U.S. Bank on or before August 1, 2014. The Company received written confirmation from MoneyGram Payment Systems that its service was operational as of April 7, 2014 and the $250,000 was paid in May 2014. The Company also entered into a master services agreement with Visa U.S.A. Inc. in July 2014 resulting in $375,000 of contingent consideration becoming due. The Company made a payment to DFI in July 2014 related to the signing of this contract. The Company received a contract with U.S. Bank in July 2014, resulting in the third and final contingent consideration becoming due of $ 375,000 . The Company made the final installment payment in October 2014. Purchase Price: Cash paid $ Contingent consideration Total purchase price Fair Value of Assets Acquired and Liabilities Assumed Tangible assets acquired: Property and equipment, net $ Total tangible assets acquired Identified intangible assets acquired: Customer contracts Proprietary software Total assets acquired in excess of liabilities assumed Goodwill Total purchase price $ The fair value of assets acquired and liabilities assumed has been determined based upon our estimates of the fair values of assets acquired and liabilities assumed in the acquisition as determined by an independent third-party valuation firm. The Company recorded goodwill because the purchase price exceeded the fair value of net assets acquired, due to Select Mobile Money’s assembled workforce and other intangible assets which do not qualify for separate recognition as well as anticipated synergies to be realized from combining the Select Mobile Money operations with the Company’s. The following tables set forth the unaudited pro forma results of the Company for the three and six months ended June 30, 2015 and 2014 , as if the acquisition had taken place on the first day of the period presented. These combined results are not necessarily indicative of the results that may have been achieved had the companies always been combined: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2015 2014 2015 2014 (unaudited) (unaudited) (unaudited) (unaudited) Revenues $ $ $ $ Net Loss Basic and diluted net loss per common share $ $ $ $ Weighted average shares - basic and diluted	10. Acquisition Acquisition of Select Mobile Money On March 4, 2014, the Company purchased from DeviceFidelty, Inc. (“DFI”), a Texas corporation, certain tangible and intangible assets of a business engaged in the development and provision of technology platforms supporting mobile wallet applications. The acquisition includes strategic relationships with Visa, Mastercard, MoneyGram and Navy Federal Credit Union, the providers of those services to their consumers. The Company believes this capability complements and supports its RDC and mobile deposit business by adding new features and services for consumers, creating an expanded consumer base and target market, and also expands the scope of its potential partners in the FSO market. The software asset the Company purchased included an assignment of a contract with Visa, to provide their customers the Visa endorsed mobile platform. It also includes the first mobile Moneygram implementation and Moneygram’s endorsement of the mobile solution to their customers. The aggregate purchase price of up to $2,125,000 includes $1,125,000 paid at closing and contingent consideration aggregating up to $1,000,000 based on satisfaction of certain performance related contingencies. The performance related contingencies are as follows: (1) $375,000 in the event the Company enters into a new master services agreement or other agreement with a party of Visa U.S.A. Inc. or any affiliate of Visa, (2) $250,000 on or before April 15, 2014 upon the Company’s receipt of written confirmation from MoneyGram Payment Systems, Inc. on or before April 14, 2013 that its service is operational pursuant to a previously executed contract between DFI and MoneyGram, and (3) $375,000 upon the Company’s execution of a contract with U.S. Bank on or before August 1, 2014. The Company received written confirmation from MoneyGram Payment Systems that its service was operational as of April 7, 2014 and the $250,000 was paid in May 2014. The Company also entered into a master services agreement with Visa U.S.A. Inc. in July 2014 resulting in $375,000 of contingent consideration becoming due. The Company made a payment to DFI in July 2014 related to the signing of this contract. The Company received a contract with U.S. Bank in July 2014, resulting in the third and final contingent consideration becoming due of $ 375,000 . The Company made the final installment payment in October 2014. Purchase Price: Cash paid $ Contingent consideration Total purchase price Fair Value of Assets Acquired and Liabilities Assumed Tangible assets acquired: Property and equipment, net $ Total tangible assets acquired Identified intangible assets acquired: Customer contracts Proprietary software Total assets acquired in excess of liabilities assumed Goodwill Total purchase price $ The fair value of assets acquired and liabilities assumed has been determined based upon our estimates of the fair values of assets acquired and liabilities assumed in the acquisition as determined by an independent third-party valuation firm. The Company recorded goodwill because the purchase price exceeded the fair value of net assets acquired, due to S elect Mobile Money ’s assembled workforce and other intangible assets which do not qualify for separate recognition as well as anticipated synergies to be realized from combining the Select Mobile Money operations with the Company’s. The following tables set forth the unaudited pro forma results of the Company for the years ended December 31, 2014 and 2013 , as if the acquisition had taken place on the first day of the period presented. These combined results are not necessarily indicative of the results that may have been achieved had the companies always been combined: Year Ended December 31, December 31, 2014 2013 (unaudited) (unaudited) Revenues $ $ Net Loss $ $ Basic and diluted net loss per common share $ $ Weighted average shares - basic and diluted

Goodwill and Finite Life Inta82

Goodwill and Finite Life Intangibles Assets	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Goodwill and Finite Life Intangibles Assets
Goodwill and Finite Life Intangibles Assets	11. Goodwill and Finite Life Intangible Assets The Company assesses the carrying amount of our goodwill for potential impairment annually or more frequently if events or a change in circumstances indicate that impairment may have occurred. The Company performs an impairment test for finite-lived assets, such as intangible assets, and other long-lived assets, such as fixed assets, whenever events or changes in circumstances indicate that the carrying value of such assets may not be recoverable. The Company has only one operating and reporting unit that earns revenues, incurs expenses and makes available discrete financial information for review by the Company’s chief operations decision maker. Accordingly, the Company completes its goodwill impairment testing on this single reporting unit. In conducting the annual impairment test of the Company’s goodwill, qualitative factors are first examined to determine whether the existence of events, or circumstances, indicate that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If it is determined that it is more likely than not that the fair value of the reporting unit is less than its carrying amount, a two-step impairment test is applied. In the first step, the Company calculates the fair value of the reporting unit and compares that amount with the reporting unit’s carrying amount, including goodwill. If the carrying amount exceeds the fair value, the Company performs the second step of measuring the amount of the goodwill impairment loss, if any, by comparing the implied fair value of the reporting unit’s goodwill with the carrying amount of goodwill. This requires performing a hypothetical application of the acquisition method to determine the implied fair value of goodwill after measuring the reporting unit’s identifiable assets and liabilities. Goodwill was $204,000 as of June 30, 2015 . The Company conducted its annual goodwill impairment test as of December 31, 2014 and determined there to be no indication of impairment. The Company will continue to monitor conditions and changes that could indicate an impairment of goodwill. As of June 30, 2015 , the Company determined that no triggering events had occurred since December 31, 2014 and the Company’s finite-lived assets and long-lived assets were not impaired. Identified intangible assets are summarized as follows: Amortizable June 30, 2015 Period Gross Accumulated Net (years) Assets Amortization Assets Customer Contracts 3 - 5 $ $ $ Proprietary Software 3 Total identified intangible assets $ $ $ Amortization expense for identified intangible assets is summarized below: Statement of Three Months Ended Six Months Ended Operations June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Classification Customer Contracts $ $ $ $ Cost of Revenue Proprietary Software Cost of Revenue Total amortization on identified intangible assets $ $ $ $ Based on the identified intangible assets recorded at June 30, 2015 , future amortization expense is expected to be as follows: Six Months Ending December 31, 2015 $ 2016 2017 2018 2019 $	11. Goodwill and Finite Life Intangible Assets The Company assesses the carrying amount of our goodwill for potential impairment annually or more frequently if events or a change in circumstances indicate that impairment may have occurred. The Company performs an impairment test for finite-lived assets, such as intangible assets, and other long-lived assets, such as fixed assets, whenever events or changes in circumstances indicate that the carrying value of such assets may not be recoverable. The Company has only one operating and reporting unit that earns revenues, incurs expenses and makes available discrete financial information for review by the Company’s chief operations decision maker. Accordingly, the Company completes its goodwill impairment testing on this single reporting unit. In conducting the annual impairment test of the Company goodwill, qualitative factors are first examined to determine whether the existence of events, or circumstances, indicate that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If it is determined that it is more likely than not that the fair value of the reporting unit is less than its carrying amount, a two-step impairment test is applied. In the first step, the Company calculates the fair value of the reporting unit and compares that amount with the reporting unit’s carrying amount, including goodwill. If the carrying amount exceeds the fair value, the Company performs the second step of measuring the amount of the goodwill impairment loss, if any, by comparing the implied fair value of the reporting unit’s goodwill with the carrying amount of goodwill. This requires performing a hypothetical application of the acquisition method to determine the implied fair value of goodwill after measuring the reporting unit’s identifiable assets and liabilities. Goodwill was $204,000 as of December 31, 2014 . The Company conduct ed its annual goodwill impairment test as of December 31, 2014 and determined there to be no indication of impairment . T he Company will continue to monitor conditions and changes that could indicate an impairment of goodwill. As of December 31, 2014 , the Company determined that no triggering events had occurred s ince the acquisition date of Select Mobile Money b usiness on March 4, 2014 and the Company’s finite-lived assets and long-lived assets were not impaired. Identified intangible assets are summarized as follows: Amortizable December 31, 2014 Period Gross Accumulated Net (years) Assets Amortization Assets Customer Contracts 3 - 5 $ $ $ Proprietary Software 3 Total identified intangible assets $ $ $ Amortization expense for identified intangible assets is summarized below: Statement of Year Ended Operations December 31, 2014 Classification Customer Contracts $ Cost of Revenue Proprietary Software Cost of Revenue Total amortization on identified intangible assets $ Based on the identified intangible assets recorded at December 31, 2014 , future amortization expense is expected to be as follows: 2015 $ 2016 2017 2018 2019 $

Shareholders' Equity83

Shareholders' Equity	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Shareholders' Equity
Shareholders' Equity	12. Shareholders’ Equity Reverse Merger On February 12, 2014, Cachet Financial Solutions (Minnesota) completed a merger transaction with DE Acquisition 2, Inc. (“DE2”), a Delaware corporation and public company with no operations. Pursuant to the terms of the Merger, each share of common stock of Cachet Financial Solutions (Minnesota) that was issued and outstanding at such time was cancelled and converted into 10.9532 (the “exchange ratio”) shares of DE2’s common stock. As a result of the Merger, all of the outstanding warrants and stock options of Cachet Financial Solutions (Minnesota) at the time were converted and exchanged for warrants and stock options of DE2. The number of shares subject to, and the exercise prices of, DE2 convertible securities issued under the exchange was determined by application of the exchange ratio to the terms of the convertible debt and options of Cachet Financial Solutions (Minnesota) outstanding as of the merger date. Subsequently DE2 changed its name to Cachet Financial Solutions, Inc. On dates up to 30 and 120 days following the Merger, additional shares were required to be issued to those DE2 shareholders existing immediately prior to the Merger, for no additional consideration, such that they would hold 3% of the fully diluted shares of the Company outstanding as of those dates. Accordingly, as of the 120 th day following the Merger, the Company issued an additional 32,484 shares to the shareholders of DE2. The fair value of estimated consideration paid to DE2 in exchange for the 3% interest was estimated to be $507,000 plus the long term debt assumed of $85,105 . As DE2 had no tangible or identifiable intangible assets at the time of the Merger, and recognition of goodwill is not permitted in this type of merger transaction, no assets were recorded as a result of the Merger. On March 18, 2014, the Company completed a reverse stock split of the Company’s issued and outstanding common stock on a 1 -for-10.9532 basis. The Company’s authorized capital consists of 500,000,000 shares of $.0001 par value common stock and 20,000,000 shares of preferred stock. Convertible Preferred Stock During 2014, the Company issued 2,229,702 shares of Series A Convertible Preferred Stock at $1.50 per share and issued five -year warrants to purchase an aggregate of 2,229,702 shares of its common stock at a per-share price of $2.00 (since adjusted to $0.4816 per share). Net proceeds to the Company after offering costs were $3.0 million. During the first quarter of 2015 , the Company issued (i) 9,000 shares of Series A Convertible Preferred Stock at $1.50 per share and issued five -year warrants to purchase an aggregate of 9,000 shares of its common stock at a per-share price of $2.00 (since adjusted to $0.4816 per share) and (ii) 2,065,891 shares of Series B Convertible Preferred Stock at $1.15 per share and issued five -year warrants to purchase an aggregate of 2,065,891 shares of its common stock at a per-share price of $1.15 (since adjusted to $0.4816 per share) . Net proceeds to the Company after offering costs were approximately $2.2 million, including the cancellation of $250,000 in debt held by Michael J. Hanson, one of our directors. In February 2015, all 2,238,702 outstanding Series A preferred shares were converted into 2,920,039 shares of the Company’s common stock, while all 2,065,891 outstanding Series B preferred shares converted into 2,065,891 shares of the Company’s common stock. In addition, the Company issued 74,765 shares of common stock to the Series A and B convertible preferred holders related to the 8% dividend accrued through the conversion date. None of the investors in this offering were deemed affiliates of the Company, except for one of our directors, Michael J. Hanson. Both the Series A Convertible Preferred Stock and the Series B Convertible preferred stock entitled their holders to an 8% per annum dividend , payable quarterly in cash or in kind (or a combination of both) as determined by the Company. Subject to certain customary exceptions, our Series A Convertible Preferred Stock had full-ratchet conversion price protection in the event that the Company issued common stock below the conversion price, as adjusted, until the earlier of (i) 180 days from the closing or (ii) such time as the Company shall have obtained, after the closing, financing aggregating to at least $5 million. The warrants issued to purchasers of the Series A Convertible Preferred Stock contain similar full-ratchet exercise price protection in the event that the Company issues common stock below the exercise price, as adjusted, again subject to certain customary exceptions. On February 3, 2015, the Company issued the Series B Convertible Preferred Stock at $1.15 per share, resulting in an adjustment to (i) the conversion price of the Series A Convertible Preferred Stock from $1.50 per share to $1.15 per share and (ii) and the exercise price of the warrants issued therewith, from $2.00 per share to $1.15 per share (since adjusted to $0.4816 per share) . Since the Company has now raised an aggregate of more than $5 million, these full-ratchet price protections can no longer be triggered. Upon any liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, the holders of the preferred stock would have been entitled to receive out of the assets, whether capital or surplus, of the Company an amount equal to the Stated Value (as defined in the Company’s Certificate of Designation for the applicable series of preferred stock), plus any accrued and unpaid dividends thereon and any other fees or liquidated damages then due and owing thereon under the applicable Certificate of Designation, for each share of Series A and B Preferred Stock, before any distribution or payment would have been made to the holders of any Junior Securities (as defined in the Company’s Certificate of Designation for the applicable series of preferred stock), and would not have participated with the holders of Common Stock or other Junior Securities thereafter. If the assets of the Company had been insufficient to pay in full such amounts, then the entire assets distributed to the holders would have been ratably distributed among the holders in accordance with the respective amounts that would have been payable on such shares if all amounts payable thereon had been paid in full. In June 2015, the Company issued an aggregate of 44,030 shares of Series C Convertible Preferred Stock at $100.00 per share and issued five -year warrants to purchase an aggregate of 10,057,119 shares of its common stock at a per-share price of $0.4816 in a private placement. Total (cash and non-cash) gross proceeds to the Company were $4,403,000 . Gross proceeds to the Company in the form of cash were $2,951,000 . Gross proceeds to the Company in the form of promissory notes payable within 150 days were $950,000 . These promissory notes were provided by James L. Davis and Michael J. Hanson, both of whom are directors of the Company. The Company also issued 2,000 and 3,020 shares of the Series C Preferred to James L. Davis and Michael J. Hanson, respectively, in exchange for the cancellation of Company debt in the amount of $200,000 and $302,000 held by them. The Series C Preferred Stock entitles its holders to a 10% per annum dividend, payable quarterly in cash or in additional shares of Series C Preferred Stock (or a combination of both) as determined by the Company, and may be converted to Cachet common stock at the option of a holder at an initial conversion price of $0.4378 per share. The Series C Preferred Stock will automatically convert into common stock upon the occurrence of any of the following: (a) an underwritten public offering of shares of the Company’s common stock providing at least $10 million in gross proceeds, (b) the Company’s common stock closing price being greater than 100% above the conversion price then in effect for at least 40 of 60 consecutive trading days, (c) four years after the closing of the offering of the Series C Preferred Stock, or (d) the written consent of holders representing 50% of the issued and outstanding Series C Preferred Stock. The holders of the Series C Preferred Stock will be entitled to vote their shares on an as-converted basis and will be entitled to a liquidation preference equal to the stated value (i.e., purchase price) of their shares plus any accrued stock but unpaid dividends thereon. Common Stock During the six months ended June 30, 2014 , the Company issued 456,486 shares of common stock to the shareholder of DE2 as consideration for completing the reverse merger described above. In addition, the Company issued a total of 332,028 shares of commons stock to a member of the Board of Directors as part of consideration for the promissory note provided to the Company to finance the acquisition of Select Mobile Money from Device Fidelity. In January 2014, $986,793 of debt and accumulated interest was converted into 246,867 shares of common stock. The Company did not provide a share premium to those debt holders that converted in January 2014. During the six months ended June 30, 2015 , the Company exchanged warrants to purchase 19,692 shares of common stock with an exercise price of $4.00 for 3,938 shares of common stock. The Company recorded $7,906 in other expense which represents the excess of the fair value of the stock issued and the fair value of the warrants as determined using the Black-Scholes option pricing model. In connection with the offer and sale of the Series C Preferred Stock, the Company issued additional shares of the Company’s common stock totaling 8,232,628 to former holders of the Company’s series A and B preferred stock (all of which has been converted to common stock), such that following the issuance of such shares, such holders will have received the same number of shares of the Company’s common stock in total as they would have received upon conversion of the series A and B preferred stock if the conversion price for the series A and B preferred stock had been the same as the initial conversion price under the Series C Preferred Stock. The Company granted the recipients of these shares the same registration rights as are provided in Series C Preferred Stock holders. As a result, the Company recognized expense totaling $3,704,682 during the three and six months ended June 30, 2015. Warrants In addition to warrants issued in connection with debt described above, the following are transactions involving issuance of warrants during the six months ended June 30, 2015 and 2014 : In January 2014, the Company issued warrants to purchase common stock equal to 25% of the principal amounts under certain short term notes payable. The life of the warrants ranges between three and five years with an exercise price of $3.60 . The total number of shares issuable under the warrants totaled 821,250 related to a total of $3,285,000 short term notes issued by the Company from March 2013 to February 2014. Of this total, $2,875,000 or 718,750 of the shares issuable under the warrants, relates to two directors of the Company. In April 2014, the exercise price of the warrants was adjusted to $1.40 per share. In May 2014, the Company entered into an agreement to issue 50,000 five -year warrants to a consulting firm providing professional services upon the completion of an IPO. An additional 30,000 warrants may be issued upon achieving certain performance goals agreed to between the Company and the consulting firm. The exercise price of the warrants is set to equal the price of the shares offered in the Company’s IPO. The Company will recognize the fair value of the 50,000 warrants issued in the third quarter of 2014 and the other 30,000 warrants upon achieving the performance goals. In June 2015, the Company modified the price of the 50,000 warrant to $0.45 per share resulting in an incremental fair value of $4,587 . In addition, the Company issued 30,000 five -year warrants at $0.45 per share with a fair value totaling $2,787 . The Company recognized expense totaling $7,374 for the three and six months ended June 30, 2015. In January 2015, the Company issued three individual investors warrants to purchase 75,000 share s of common stock as part of an agreement. The warrants have a life of 10 years, an exercise price of $ 1.40 per share and were fully exercisable upon the date of issuance. The Company recorded $11,238 in other expense during the six months ended June 3 0 , 2015, which represents the fair value of the warrants as determined using the Black-Scholes option pricing model. In February 2015, the Company issued a five -year warrant for the purchase up to 407,614 shares of common stock at $1.15 (adjusted to $0.4816 ) per share to a director of the Company in consideration for the director leasing certain IT equipment to the Company. The total fair value of the warrant as determined using the Black-Scholes option pricing model totaled $76,489 . This amount is being expensed over the three year lease term. In June 2015, the exercise price of the warrant was reduced to $0.4816 and modified to the same terms provided to the warrants issued in the Series C Preferred Stock offering. The incremental fair value of the modification totaled $28,578 and is being amortized over the three year lease term. Also in June 2015, the Company provided the director a five year warrant to purchase 241,900 shares of common stock at a price of $0.44 as consideration for providing his guarantee on lease. The fair value of the warrant on the date of issuance totaled approximately $22,000 and is being amortized over the two year lease term. During the six months ended June 3 0 , 2015, the Company issued five -year warrants to purchase 9,000 shares of the commo n stock at a per share price of $2.00 (since adjusted to $ 0 . 4816 per share) as part of issuing 9,000 shares of Series A Convertible Preferred Stock. Additionally, the Company issued five -year warrants to purchase 2,065,891 shares of common stock at a per share price of $1.15 (since adjusted to $0.4816) as part of issuing 2,065,891 shares of Series B Convertible Preferred Stock . Since the Company exceeded the $5.0 million of gross proceeds threshold in February 2015, the full-ratchet provisions provided in the terms of the warrants expired and at which time the warrant liability was classified to additional paid in capital. The Company also issued five -year warrants to purchase 10,057,119 shares of the common stock at a per share price of $0.4816 as part of issuing 44,030 shares of Series C Convertible Preferred Stock. In addition, the Company modified the terms of the warrants issued in the Series A & B Convertible Stock offering to the same terms offered to the warrant holders in the Series C offering. After the modification, the terms of the warrant holders in the Series A, B & C Preferred Stock offering all have full-ratchet and anti-dilution protection, the Company recognized the value of the warrants as determined using the Black-Scholes option pricing model totaling $2,083,487 for the three and six months ended June 30, 2015. The warrant liability related to the warrants issued to the Series A, B & C Preferred holders as of June 30, 2015 totaled $2,083,487 . In connection with the private placement of securities of the Company during the six months ended June 3 0 , 2015, the Company issued its placement agents five -year warrants for the purchase of a total o f 270 shares of common stock at $2.00 per share, 109,931 shares of common stock at $1.15 ( 73,940 since adjusted to $0.4816 ) per share, 703,99 7 shares of common stock at $0.4816 per share and 241,746 shares of common stock at $0.5254 per share. In connection with the offer and sale of Series C Preferred Stock, the Company also agreed to amend the warrants to purchase the Company’s common stock held by former holders of the Company’s series A and B preferred stock to contain the same anti-dilution protections that are contained in the warrants issued in connection with the offer and sale of the Series C Preferred Stock. In addition, the exercise price of the warrants issued to the former series A and B preferred stock holders was reduced from $1.15 to $0.4816 . In addition, the Company agreed to amend the warrants issued to Scarsdale Equities LLC in connection with the Series B offering to reduce the exercise price from $1.15 to $0.4816 . A former senior lender received a warrant to purchase 76,228 shares of Company common stock at $9.00 per share. The warrant expires in October 2017. The exercise price of the warrant is subject to downward adjustment in the event of the subsequent sale of common stock or convertible debt at a lower price, as defined, prior to exercise of the warrant. As a result of this provision, the Company determined that the warrant should be accounted for as a liability carried at fair value. In June 2015, the exercise price was adjusted to $0.35 and the number of shares of Company common stock to be acquired was increased to 1,960,143 based on the Series C Preferred offering. The Company determined the value of the warrant to be $427,000 and $146,000 at June 30, 2015 and December 31, 2014, respectively. The fair value of the warrants was determined using the Black-Scholes option pricing model and the following assumptions for the three and six months ended June 30, 2015 and 2014 : Both Periods Expected term 1.5 - 5 Years Expected dividend 0 Volatility 26% - 38% Risk-free interest rate 0.25% - 1.37%	12. Shareholders’ Equity Reverse Merger On February 12, 2014, the Company completed a merger transaction with DE Acquisition 2, Inc. (“DE2”), a public company with no operations. Pursuant to the terms of the merger, each share of the Company’s common stock that was issued and outstanding at such time was cancelled and converted into 10.9532 (the “exchange ratio”) shares of DE2’s common stock. As a result of the merger, all of the Company’s outstanding warrants and stock options at the time were converted and exchanged for warrants and stock options of DE2. The number of shares subject to and exercise prices of DE2 convertible securities issued under the exchange was determined by application of the exchange ratio to the terms of the Cachet convertible debt and options outstanding as of the Merger date. Subsequently DE2 changed its name to Cachet Financial Solutions, Inc. O n dates up to 30 and 120 days following the merger, additional shares were required to be issued to those DE2 shareholders existing immediately prior to the merger, for no additional consideration, such that they would hold 3% of the fully diluted shares outstanding as of those dates. Accordingly, a s of the 120 th day following the merger acquisition, the Company issued an additional 32,484 shares to the shareholders of DE2. The fair value of estimated consideration paid to DE2 in exchange for the 3% interest was estimated to be $507,000 plus the long term debt assumed of $85,105 . As DE2 had no tangible or identifiable intangible assets at the time of the Merger, and recognition of goodwill is not permitted in this type of merger transaction, no assets were recorded as a result of the Merger. On March 18, 2014, the Company completed a reverse stock split of the Company’s issued and outstanding common stock on a 1 -f or-10.9532 basis. T he Company’s authorized capital consists of 500,000,000 shares of $.0001 par value common stock and 20,000,000 shares of preferred stock. Convertible Preferred Stock During 2014 , the Company issued 2,229,702 shares of Series A Convertible Preferred Stock at $1.50 per share and issued five -year warrants to purchase an aggregate of 2,229,702 shares of its common stock at a per-share price of $2.00 (since adjusted to $1.15 per share). Net proceeds to the Company after offering costs were $3.0 million. Between December 31, 2014 and the date of this report, the Company issued (i) 9,000 shares of Series A Convertible Preferred Stock at $1.50 per share and issued five -year warrants to purchase an aggregate of 9,000 shares of its common stock at a per-share price of $2.00 (since adjusted to $1.15 per share) and (ii) 2,065,891 shares of Series B Convertible Preferred Stock at $1.15 per share and issued five -year warrants to purchase an aggregate of 2,065,891 shares of its common stock at a per-share price of $1.15 . Net proceeds to the Company after offering costs were approximately $2.2 million, including the cancellation of $250,000 in debt held by Michael J. Hanson, one of our directors. In February 2015, all 2,238,702 outstanding Series A preferred shares were converted into 2,920,039 shares of the Company’s common stock, while all 2,065,891 outstanding Series B preferred shares converted into 2,065,891 shares of the Company’s common stock. In addition, the Company issued 74,765 shares of common stock to the Series A and B convertible preferred holders related to the 8% dividend accrued through the conversion date. None of the investors in this offering were deemed affiliates of the Company, except for one of our directors, Michael J. Hanson. Both the Series A Convertible Preferred Stock and the Series B Convertible preferred stock entitle d their holders to an 8% per annum dividend , payable quarterly in cash or in kind (or a combination of both) as determined by the Company. Subject to certain customary exceptions, our Series A Convertible Preferred Stock had full-ratchet conversion price protection in the event that the Company issued common stock below the conversion price, as adjusted, until the earlier of (i) 180 days from the closing or (ii) such time as the Company shall have obtained, after the closing, financing aggregating to at least $5 million. The warrants issued to purchasers of the Series A Convertible Preferred Stock contain similar full-ratchet exercise price protection in the event that the Company issues common stock below the exercise price, as adjusted, again subject to certain customary exceptions. On February 3, 2015, the Company issued the Series B Convertible Preferred Stock at $1.15 per share, resulting in an adjustment to (i) the conversion price of the Series A Convertible Preferred Stock from $1.50 per share to $1.15 per share and (ii) and the exercise price of the warrants issued therewith, from $2.00 per share to $1.15 per share. Since the Company has now raised an aggregate of more than $5 million, these full-ratchet price protections can no longer be triggered. Upon any liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, the h olders of the preferred stock would have been entitled to receive out of the assets, whether capital or surplus, of the Company an amount equal to the Stated Value (as defined in the Company’s Certificate of Designation for the applicable series of preferred stock) , plus any accrued and unpaid dividends thereon and any other fees or liquidated damages then due and owing thereon under the applicable Certificate of Designation, for each share of Series A and B Preferred Stock, before any distribution or payment would have been made to the holders of any Junior Securities (as defined in the Company’s Certificate of Designation for the applicable series of preferred stock) , and would not have participate d with the holders of Common Stock or other Junior Securities thereafter. If the assets of the Company had been in sufficient to pay in full such amounts, then the entire assets distributed to the h olders would have been ratably distributed among the h olders in accordance with the respective amounts that would have been payable on such shares if all amounts paya ble thereon had been paid in full. Common Stock The estimated fair value assigned to shares issued for other than cash was based upon recent cash sales transactions. During the year ended December 31, 2013 the Company issued 319,000 shares of common stock at $4.00 per share for gross proceeds of $1,276,000. During the year ended December 31, 2014 , the Company also issued 488,970 shares of common stock to the shareholder of DE2 as consideration for completing the reverse merger described above. In addition, the Company issued a total of 382,809 shares of commons stock to a member of the Board of Directors as part of consideration for the promissory note provided to the Company to finance the acquisition of Select Mobile Money from DeviceFidelity and also issued 4,500,000 shares of common stock at $1.50 per share for gross proceeds of $6,750,000 from the IPO completed on July 14, 2014. In addition, the Company issued a consultant 2,222 shares of common stock as consideration for identifying prospective investors. The Company recognized $3,000 of expense associated with fair value of this common stock issued during fiscal year 2014. In February 2013, the Company offered to convert debt, plus accumulated interest, into shares of the Company’s common stock. To encourage conversion the Company agreed to provide the debt holders a 10% share premium. As a result, $6,744,139 of debt and accumulated interest was converted into 1,854,638 shares of common stock and the value of the premium shares of $674,414 was recorded as an expense during the year ended December 31, 2013 . Included in this conversion is $1.1 million of conversions by a former d irector. In June 2013, a lender converted $140,000 of notes into 35,000 shares of common stock. In January 2014, an additional $986,793 of debt and accumulated interest was converted into 246,867 shares of common stock. The Company did not provide a share premium to those debt holders that converte d in June 2013 or January 2014. Concurrent with the conversion of the those notes, the Board of Directors determined that it was in the best interest of the Company to adjust the conversion rates for former noteholders that had previously converted or purchased shares at $9.00 per share. An adjustment was made to reduce their conversion rate or purchase price, as applicable, to $4.00 per share. As a result, the Company issued an additional 427,619 shares with a fair value of $1,710,475 which was recorded in other expense during the year ended December 31, 2013 in the statement of operations. In November 2013, the Company offered to exchange 1 share of common stock for every 5 warrants outstanding. As a result 389,790 shares were issued and warrants to purchase 1,948,948 common shares were cancelled. At the time of the exchange, the fair value of the shares issued exceeded the fair value of the warrants by $681,189 which was recorded in other expense in the 2013 statement of operations. In July 2014, the Company completed its IPO resulting in $6,301,241 of debt and accumulated interest converting into 5,139,169 shares of common stock. During the year ended December 31, 2014 , the Company exchanged warrants to purchase 19,692 shares of common stock with an exercise price of $4.00 for 3,938 shares of common stock. The Company recorded $7,906 in other expense which represents the excess of the fair value of the stock issued and the fair value of the warrants as determined using the Black-Scholes option pricing model. In addition, the Company issued a total of 382,809 shares of common stock to a d irector related to the loan for the Company’s acquisition of Select Mobile Money during the year ended December 31, 2014 . Warrants In addition to warrants issued in connection with debt described above, the following are transactions involving issuance of warrants during the year ended December 31, 2014 and 2013 : During fiscal 2013, three directors guaranteed the note payable – bank each providing a guarantee of up to $1,041,000 . Each director received a warrant with an aggregate fair value of approximately $1,191,000 to purchase 78,125 share of the Company’s common stock for providing their guarantees. In addition, a director received a warrant with a fair value of approximately $389,000 to purchase 76,560 shares of Company common stock in exchange for his pledge of certain personal assets to secure the $1,105,000 loan provided under the bank credit facility. In consideration for his incremental guarantee of that asset pledge, another director received a warrant with a fair value of approximately $42,100 to purchase 8,291 shares. In February 2013, the Company issued warrants with a fair value of approximately $205,000 to purchase 281,250 shares of the Company’s common stock at $4.00 per share and expiring November 2017 to a d irector for the d irector guaranteeing the Senior Secured Note Payable. In addition to the warrants issued in February 2013 above, and those issued in connection with debt as described in Note 6, the Company issued warrants to purchase 232,450 shares of common stock with an exercise price ranging from $4.00 to $5.00 in conjunction with other debt, guarantees, issuances of equity and financing costs . These warrants had a fair value of approximately $157,000 . These warrants were all exchanged for shares in November 2013 described above. In January 2014, the Company issued detachable warrants to purchase common stock equal to 25% of the principal amounts under the short term notes payable. The life of the warrants range s between three and five years with an exercise price of $3.60 . The total number of shares issuable under the warrants totaled 821,250 related to a total of $3,285,000 short term notes issued by the Company from March 2013 to February 2014. Of this total, $2,875,000 or 718,750 of the shares issuable under the warrants, relates to two d irectors of the Company. In addition, of the total warrants issued, 302,500 of the shares issuable under the warrants relates to short term notes, which were converted into equity during 2013. The Company determined the fair value of the warrants to be $573 using the Black-Scholes option pricing model. In May 2014, the Company entered into an agreement to issue five -year warrants to purchase 50,000 shares of common stock to a consulting firm providing professional services , upon the completion of an IPO. Additional w arrant s to purchase 30,000 shares of common stock could be issued upon achieving certain performance goals agreed to between the Company and the consulting firm. The exercise price of the warrants was set to equal the price of the shares offered in the Company’s IPO of $1.50 per-share. The Company recognized expense of $20,611 in 2014 related to the fair value of warrants to purchase 50,000 shares of common stock issued in July 2014. The fair value for the other 30,000 warrants will be recognized upon achieving the performance goals. In July 2014, the Company issued five -year warrants to purchase shares of its common stock totaling 3,289,086 at an exercise price equal to 125% of the IPO price or $1.88 as a result of providing warrants on $5.1 million of the $6.3 million of debt and accumulated interest that converted as of this date. W arrants to purchase 2,583,333 shares of common stock were issued as part of an inducement to convert the debt into equity. In December 2014, we entered into an Amendment to Conversion Agreement with two of our directors, effective June 17, 2014. Under the amendment the number of shares to be covered by warrants to be received by the two directors as part of converting debt as outlined in the Conversion Agreement upon the successful completion of our IPO was clarified. Specifically, (i) Michael Hanson received warrants to purchase 438,161 shares of common stock and (ii) James Davis received warrants to purchase 591,432 shares of common stock, which in each case equals 100% of the number of shares of common stock received by Hanson and Davis under the Conversion Agreement. The amendment also reflects that the warrants have an exercise price of $2.00 per share and a five -year term. The Company recognized a non-cash expense during the year ended December 31 , 2014 of approximately $46,000 which represented the fair value of the warrants determined using the Black-Scholes option pricing model. Effective December 2014, the Company entered into an agreement with an investor which provided for the exchange of 162,662 shares of common stock for a five -year warrant to purchase up to 325,324 shares of common stock at a per-share price of $1.50 . A total of $590,320 , representing the difference between the fair value of the stock on the issuance date of $650,647 and the fair value of the warrant issued using the Black-Scholes model of $60,327 , was recorded as a reduction to additional paid in capital and accumulated deficit. As mentioned above, the Company issued five -year warrants to purchase 2,229,702 shares of the Company’s stock at a per share price of $2.00 (since adjusted to $1.15 per share) as part of issuing 2,229,702 shares of Series A Convertible Preferred Stock. As of December 31, 2014, t he Company account ed for the warrants as a liability on the consolidated balance sheet at their estimated fair value because the warrants ha d full-ratchet conversion price protection in t he event that the Company issued common stock below the conversion price, as adjusted . The Company determined the fair value of the warrants as of December 31 , 2014 to be $163,570 based on the Black-Scholes option pricing model. Subsequent to December 31, 2014, the Company issued five -year warrants to purchase 9,000 shares of the Company stock at a per share price of $ 2.00 (since adjusted to $ 1.15 per share) as part of issuing 9,000 shares of Series A Convertible Preferred Stock. Additionally, the Company issued five -year warrants to purchase 2,065,891 shares of Company’s stock at a per share price of $ 1.15 as part of issuing 2,065,891 shares of Series B Convertible Preferred Stock. Since the Company exceeded the $ 5.0 million of gross proceeds threshold in February 2015, the full-ratchet provisions provided in the terms of the warrants expired. In connection with the private placement of the securities, the Company issued the placement agent a five -year warrant for the purchase of up to 100,224 shares of common stock at $2.00 per share during fiscal year 2014 . Since December 31, 2014, the Company issued additional five -year warrants to the placement agents to purchase a total of 109,931 shares of common stock at $1.15 per share. In February 2015, the Company issued a five -year warrant for the purchase up to 407,614 shares of common stock at $1.15 per share to a director of the Company for providing a personal guarantee on a lease (See Note 16 “Subsequent Events”). The following is a summary of warrant activity for 2014 and 201 3 : Number of Weighted Shares Issuable Weighted Avg. Remaining Under Warrants Exercise Price Life (Years) Balance, December 31, 2012 $ Issued Exchanged for shares Balance, December 31, 2013 Issued Balance, December 31, 2014 The fair value of the warrants was determined using the Black-Scholes option pricing model and the following assumptions for the years ended December 31, 2014 and 2013 : Both Periods Expected term 1.5 - 5 Years Expected dividend 0 Volatility 26% - 38% Risk-free interest rate 0.12% - 1.14%

Stock-Based Compensation and 84

Stock-Based Compensation and Benefit Plans	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Stock-Based Compensation and Benefit Plans
Stock-Based Compensation and Benefit Plans	13. Stock-Based Compensation and Benefit Plans On February 9, 2010, the board of directors of Cachet Minnesota adopted the 2010 Equity Incentive Plan (2010 EIP). The plan was approved by Cachet Minnesota’s shareholders. Participants in the plan may include employees, officers, directors, consultants, and independent contractors. As of June 30, 2015 , the number of shares of common stock reserved for issuance under the 2010 EIP was 625,000 shares. On February 12, 2014, the board of directors of the Company approved the assumption of the 2010 EIP as part of the reverse merger transaction with DE2; however it was agreed that no new grants would be made from the 2010 EIP. On this same date the board of directors of the Company adopted the 2014 Equity Incentive Plan (the “2014 EIP”) covering an aggregate of 1,521,621 shares of common stock. The 2014 EIP will be administered by the Company’s Board of Directors or an authorized committee. The Company’s Chief Executive Officer may, on a discretionary basis and without committee review or approval, grant non-qualified (non-statutory) stock options for up to 100,000 common shares to new employees of the Company who are not officers of the Company during each fiscal year. Incentives under the plan may be granted in one or a combination of the following forms: (a) non-statutory stock options (no incentive stock options may be issued, because the plan was not submitted to and approved by our stockholders); (b) stock appreciation rights; (c) stock awards; (d) restricted stock; (e) restricted stock units; and (f) performance shares. Eligible participants include officers and employees of the company, members of the Board of Directors, and consultants or other independent contractors. No person is eligible to receive grants of stock options and SARs under the plan with respect to more than 100,000 shares of common stock in any one year, in the aggregate. The term of each stock option shall be determined by the board or committee, but shall not exceed ten years. Vested stock options may be exercised in whole or part by the holder giving notice to the Company. Options under the 2014 EIP may provide for the holder of the option to make payment of the exercise price by surrender of shares equal in value to the exercise price. Options granted to employees generally vest over two to three years. Stock awards granted to non-employee directors generally vest 50% on the grant date and 50% on the first anniversary of the date of the grant. Options generally expire five years from the date of grant. During the three and six months ended June 30 , 2015, the Company issued options to purchase 93,000 and 558,000 shares , respectively, with exercise prices ranging from $0.75 to $1.50 per share . The aggregate fair value of options granted totaled approximately $16,000 and $100,000 for three and six months ended June 30, 2015 . Of those options, options issued to executive management and directors outside of the 2014 EIP plan covered 295,000 shares and vest 1/3 rd on date of grant and 1/3 rd each of the first two anniversary dates thereafter. A total of 40,000 options issued to a director vested 100% on the grant date in January 2015. In April 2014, the Company issued 110,000 options to an executive at an exercise price of $4.00 . The Company determined the fair value of the options to be $93,089 using the Black-Scholes option pricing model and was expensed one-third on date of grant and the other two-thirds over the two year anniversary periods. As of June 30 , 2015, the Company had options outstanding with respect to a total of 629,000 shares granted under the 2014 EIP. As of this date, the 2010 EIP had outstanding stock options issued to employees totaling 129,250 shares. The Company had also issued outside of the EIP plans options with respect to 1,965,000 shares of common stock to directors, certain officers and business consultants. Stock Compensation Expense Information FASB ASC 718-10 requires measurement and recognition of compensation expense for all stock-based payments including warrants, stock options, restricted stock grants and stock bonuses based on estimated fair values. Compensation expense recognized for the issuance of warrants, stock options, restricted stock grants and stock bonuses for the three and six months ended June 30, 2015 and 2014 was as follows: Three Months Ended Six Months Ended June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Stock-based compensation costs included in: Cost of revenue $ $ $ $ Sales and marketing expenses Research and development expenses General and administrative expenses Total stock-based compensation expense $ $ $ $ As of June 30, 2015 the total compensation cost related to unvested options awards not yet recognized was $131,254 . That cost will be recognized over a weighted average period of 1.3 years . There were no options exercised during the three and six months ended June 30, 2015 and 2014 . The estimated fair values of stock options granted and assumptions used for the Black-Scholes option pricing model were as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2015 2014 2015 2014 Estimated Fair Value $ $ $ $ Shares Issuable Under Options Granted Expected Term 3 Years 3 Years 2 to 3 Years 3 Years Expected Dividend % % % % Volatility % % 26% to 30 % % Risk Free Interest Rate 0.86% to 0.91 % % 0.22% to 1.07 % % The Company calculates the estimated expected life based upon historical exercise data. The risk-free interest rate assumption is based on observed interest rates appropriate for the term of the Company’s stock options. The Company estimates the volatility of its common stock at the date of grant based on the volatility of comparable peer companies that are publicly traded for periods prior to its public offering. Subsequent to the Company’s public offering, the Company includes its actual common stock trading to compute volatility. The dividend yield assumption is based on the Company’s history and expectation of no future dividend payouts. The Company has used an expected life of two to three years for the term of the options. The Company estimates forfeitures when recognizing compensation expense and this estimate of forfeitures is adjusted over the requisite service period based on the extent to which actual forfeitures differ, or are expected to differ, from such estimates. Changes in estimated forfeitures are recognized through a cumulative catch-up adjustment, which is recognized in the period of change, and also impacts the amount of unamortized compensation expense to be recognized in future periods. 2014 Associate Stock Purchase Plan In September 2014, the Company’s Board of Directors approved the 2014 Associate Stock Purchase Plan, under which 500,000 shares were reserved for purchase by the Company’s associates (employees). The Company has one year from September 2014 to obtain Shareholder approval for the plan to qualify for favorable tax treatment under IRS Section 422. The purchase price of the shares under the plan is 85% of the lesser of the fair market value of a share of common stock on the first day of the offering period or the fair market value of a share of common stock on the last day of the offering period. Offering periods are every six months ending on June 30 and December 31. Associates may designate up to ten percent of their compensation for the purchase of shares under t he plan. The most recent p lan period started on January 1, 2015 and ended on June 3 0, 2015 . Total common shares purchased during the plan period ended June 30, 2015 was 72,360 shares at a price per share of $0.4675 .	13. Stock-Based Compensation and Benefit Plans On February 9, 2010, the b oard of d irectors adopted the 2010 Equity Incentive Plan (2010 EIP). The plan was approved by its shareholders. Participants in the plan include its employees, officers, d irectors, consultants, or independent contractors . As of December 31, 2014 , the number of shares of common stock reserved for issuance under the 2010 EIP was 625,000 shares. On February 12, 2014, the Board of Directors approved the assumption of the 2010 EIP as part of the reverse merger transaction with DE2; however it was agreed that no new grants would be made from this plan. On this same date the b oard of d irectors adopted the 2014 Equity Incentive Plan (2014 EIP) with an aggregate of 1,524,327 shares of common stock, $0.0001 par value per share. The plan will be administered by the Company’s Board of Directors or an authorized committee. The Company’s Chief Executive Officer may, on a discretionary basis and without committee review or approval, grant non-qualified (non-statutory) stock options for up to 100,000 common shares to new employees of the Company who are not officers of the Company during each fiscal year. Incentives under the plan may be granted in one or a combination of the following forms: (a) non-statutory stock options (no incentive stock options may be issued, because the plan was not submitted to and approved by our stockholders); (b) stock appreciation rights; (c) stock awards; (d) restricted stock; (e) restricted stock units; and (f) performance shares. Eligible participants include officers and employees of the company, members of the Board of Directors, and consultants or other independent contractors. No person is eligible to receive grants of stock options and SARs under the plan that exceed, in the aggregate, 100,000 shares of common stock in any one year. The term of each stock option shall be determined by the board or committee, but shall not exceed ten years. Vested stock options may be exercised in whole or part by the holder giving notice to the Company. Options under the plan may provide for the holder of the option to make payment of the exercise price by surrender of shares equal in value to the exercise price. The plan expires on February 12, 2020. Options granted to employees generally vest over two to three years. Stock awards granted to non-employee d irectors generally vest 50% on the grant date and 50% on the first anniversary of the date of the grant. Options expire five years from the date of grant. In February 2013 the Board of Directors approved an adjustment to the exercise price of all outstanding employee stock options that had been issued at a price greater than $4.00 per share. The vesting period for these options was unchanged. The aggregate excess of the fair value of the $4.00 options over the $9.00 options on the date of modification was $236,000 . As a result of this modification the Company recorded additional share-based compensation expense of $119,000 for the vested portion of those options immediately, and the remaining $117,000 will be recognized over the remaining vesting term . the year ended December 31, 2013 , the Company originally issued options to purchase 330,470 shares with exercise prices ranging from $4.00 to $9.00 per share and an aggregate fair value of approximately $306,000 . Of those options, options issued to executive management to purchase 250,000 shares were 100% vested immediately. In December 2014, the Board of Directors approved an adjustment to the exercise price of options to purchase 455,000 shares with an exercise price of $4.00 per share to $1.50 per share. The vesting for these options was unchanged. The aggregate excess of fair value of the $1.50 options over the $4.00 options on the date of the modification was approximately $42,000 . As a result of this modification the Company recorded additional share-based compensation expense of approximately $36,000 for the vested portion of those options immediately, and the remaining $6,000 will be recognized over the remaining vesting term through March 2016. During the year ended December 31 , 2014, the Company issued options to purchase 2,004,420 shares to its directors, executive s and associates of the Company at a weighted average exercise price of $1.50 . The Company determined the fair value of the options granted to be $ 339,671 for the fiscal year ended December 31 , 2014 using the Black-Scholes option pricing model . Of the stock options granted, options with respect to 337,750 shares are being expensed one third on date of grant and the other two thirds over the two anniversary periods and options with respect to 1,665,670 shares were expensed 50% on date of grant and 50% on a straight-line basis over a one year period. As of December 31 , 2014, the Company had options with respect to a total of 698,420 shares granted under the 2014 EIP. As of this date, the 2010 EIP had outstanding stock options issued to employees totaling 255,167 shares. The Company had also issued outside of the EIP plans options with respect to 1,750,000 shares of Company common stock to d irectors, certain officers and business consultants. Stock Compensation Expense Information FASB ASC 718-10 requires measurement and recognition of compensation expense for all stock-based payments including warrants, stock options, restricted stock grants and stock bonuses based on estimated fair values. Compensation expense recognized for the issuance of warrants, stock options, restricted stock grants and stock bonuses for the years ended December 31, 2014 and 2013 was as follows: Year Ended December 31, 2014 December 31, 2013 Stock-based compensation costs included in: Cost of revenue $ $ Sales and marketing expenses Research and development expenses General and administrative expenses Total stock-based compensation expense $ $ As of December 31, 2014 the total compensation cost related to un vested options awards not yet recognized was $178,934 . That cost will be recognized over a weighted average period of 7.6 months. There were no options exercised during the years ended December 31, 2014 and 2013 . The estimated fair values of stock options granted and assumptions used for the Black-Scholes option pricing model were as follows: Year Ended December 31, December 31, 2014 2013 Estimated Fair Value $ $ Shares Issuable Under Options Granted Expected Term 2 to 3 Years 3 Years Expected Dividend - % - % Volatility 27% to 29 % 30% to 33 % Risk Free Interest Rate 0.22% to 1.00 % 0.34% to 0.90 % Following is a summary of stock option activity in 2014: Weighted Number of Remaining Shares Issuable Weighted Avg. Contractual Intrinsic Under Options Exercise Price Life (Years) Value Balance, December 31, 2012 $ Granted Exercised Forfeited or Expired Balance, December 31, 2013 * $ Granted * Exercised - - Forfeited or Expired Balance, December 31, 2014 * $ Exercisable at December 31, 2014 * $ * Reflects the February 2014 and December 2014 exercise price adjustment. Information with respect to common stock options outstanding and exercisable at December 31, 2014: Stock Options Outstanding Options Exercisable Range of Exercise Price Number of Options Weighted Average Remaining Contractual Life Weighted Average Exercise Price Aggregate Intrinsic Value Options Exercisable Weighted Average Exercise Price Aggregate Intrinsic Value $ 0.80 $ $ $ $ $1.35 to $1.60 — — $ 4.00 — — $ $ $ $ The Company calculates the estimated expected life based upon historical exercise data. The risk-free interest rate assumption is based on observed interest rates appropriate for the term of the Company’s stock options. The Company estimates the volatility of its common stock at the date of grant based on the volatility of comparable peer companies that are publicly traded for periods prior to its public offering. The dividend yield assumption is based on the Company’s history and expectation of no future dividend payouts. The Company has used an expected life of two to three years for the term of the options. As only a minimal number of options have been exercised, management has made an estimate of an average life that is slightly longer than the vesting period. The Company estimates forfeitures when recognizing compensation expense and this estimate of forfeitures is adjusted over the requisite service period based on the extent to which actual forfeitures differ, or are expected to differ, from such estimates. Changes in estimated forfeitures are recognized through a cumulative catch-up adjustment, which is recognized in the period of change, and also impact s the amount of unamortized compensation expense to be recognized in future periods. 2014 Associate Stock Purchase Plan In September 2014, the Company’s Board of Directors approved the 2014 Associate Stock Purchase Plan, under which 500,000 shares were reserved for purchase by the Company’s associates (employees). The Company has one year from September 2014 to obtain Shareholder approval for the plan to qualify for favorable tax treatment under IRS Section 422. The purchase price of the shares under the plan is the lesser of 85% of the fair market value on the first or last day of the offering period. Offering periods are every six months ending on June 30 and December 31. Associates may designate up to ten percent of their compensation for the purchase of shares under the plan. The first plan period starts on September 1, 2014 and ends December 31, 2014. The total number of shares purchased for the plan period ended December 31, 2014 totaled 40,560 .

Related Party Transactions85

Related Party Transactions	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Related Party Transactions
Related Party Transactions	14. Related Party Transactions Balances with related parties consisting of members of the Board of Directors (no Company debt or warrants are held by the Company’s executive officers) for borrowings and warrants were as follows: As of June 30, December 31, 2015 2014 Debt held by related parties $ $ Warrants held by related parties Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2015 2014 2015 2014 Interest paid to related parties $ $ — $ $ — Related party interest expense	14. Related Party Transactions Balances with related parties consisting of members of the Board of Directors (collectively Affiliates) for borrowings and warrants were as follows: As of December 31, December 31, 2014 2013 Debt held by related parties $ $ Warrants held by related parties Year Ended December 31, December 31, 2014 2013 Interest paid to related parties $ $ Related party interest expense $ $

Concentrations86

Concentrations	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Concentrations
Concentrations	15. Concentrations The Company continues to rely on vendors to provide technology and licensing components that are critical to its solutions. In addition, the Company engaged a development firm located in Toronto, Canada beginning in March 2014 to augment its software development efforts. During the three and six months ended June 30 , 2015, the Company expensed a total of approximately $287,000 and $582,000 , representing 15% for both periods o f its total supplier expenditures. In addition, fees incurred related to a financial advisor in relation to the PIPE offerings completed in June 2015 represented 12% of supplier expenditures during the three months ended June 30, 2015. The two financial advisory firms who assisted the Company in completing the PIPE offerings during the first half of 2015 each represented 25% and 12% of our overall accounts payable balance as June 30 , 2015. Additionally, the development firm represented 10% and the Company’s outside legal firm represented 16% of the Company’s accounts payable balance as of June 30, 2015. No one customer represented for more than 10% of the Company’s revenue for the three or six months ended June 30, 2015 or 2014. The Company had two customers who accounted for 25% and 12% of its outstanding accounts receivable balance at June 30, 2015 . N o customer accounted for more than 10% of its outstanding accounts receivable balance at December 31, 2014.	15. Concentrations The Company continues to rely on vendors to provide technology and licensing components that are critical to its solutions . In addition, the Company engaged a development firm located in Toronto, Canada beginning in March 2014 to augment its software development efforts. During the year ended December 31, 2014, the Company expensed a total of $679,481 , representing 10.1% of its total supplier expenditures. As of December 31, 2014, the Company had total payables of $98,384 owed to the development firm, representing 13.2% of its accounts payable balance. No customer accounted for more than 10% of the Company’s revenue for the years ended December 31, 2014 or 2013. Also, no customer accounted for more than 10% of its outstanding accounts receivable balance at December 31, 2014 or 2013.

Subsequent Events87

Subsequent Events	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Subsequent Events
Subsequent Events	16. Subsequent Events Amendment to Line of Credit In July 2015, the Company amended the terms of the line of credit with a director. The outstanding balance of $1,000,000 due date has been modified to January 31, 2016. All other terms of the agreement remained the same.	16. Subsequent Events Addendum to Financing Commitment Letter In February 2015, the Company entered into an addendum to the financing commitment letter dated as of July 30, 2014 with our directors James L. Davis and Michael J. Hanson, under which addendum Messrs. Davis and Hanson agreed to extend from January 31, 2015 to January 31, 2016 the maturity date for the repayment of principal advanced under the commitment letter ($450,000) , plus interest. Under the addendum, interest will continue to accrue from the date of advance at the rate of 10% per annum. As part of the amendment, the directors did not renew the remaining amount available under the original terms of the financial commitment letter. Guarantee of Lease by a Director In February 2015, the Company entered into an agreement with a director, James L. Davis which guarantees financial responsibility for the obligations under the terms of a lease arrangement which he entered into on behalf of the Company. In addition, the Company entered into an agreement with Mr. Davis which provides for the same lease terms as he entered into on behalf of the Company. The lease agreement provides financing up to $500,000 of IT equipment the Company anticipates procuring for its data centers to accommodate the overall increase in transactions and ensure it is able to meet customer uptime requirements. As consideration to the director for providing his guarantee, the Company issued the director a five -year warrant to purchase up to 407,614 shares of common stock at $1.15 per share. The warrant was 100% vested and exercisable upon issuance. Executive Employment and Board of Directors On January 5, 2015, the Company appointed Bruce Whitmore to serve as its Chief Information Officer and Executive Vice President. Mr. Whitmore’s employment with the Company commence d according to the terms of an employment offer letter and e xecutive e mployment a greement effective January 5, 2015 (the “Employment Agreement”). The term of the Employment Agreement is for one year with automatic annual renewals. Under the Employment Agreement, Mr. Whitmore will receive an annualized base salary of $197,550 , in accordance with the Company’s standard payroll practices, and is eligible for performance-based cash bonuses in the discretion of Company’s b oard of d irectors and its compensation committee. In addition, Mr. Whitmore has been offered the Company’s standard employee benefits for health, dental and life and disability ins urance. As contemplated by the E mployment A greement, on January 5, 2015, the Company grant ed to Mr. Whitmore a stock option for the purchase of up to 175,000 shares at a price of $1.50 per share under its current stock incentive plan. A total of 58,333 shares purchasable under the option vest ed immediately on January 5, 2015, 58,333 shares will vest on January 5, 2016 and the remaining 58,334 shares will vest on January 5, 2017, so long as Mr. Whitmore remains an employee of the Company . On January 21, 2015, Terril H. Peterson resigned from the board of directors of the Company. The Company does not believe that Mr. Peterson’s resignation was caused by any disagreement with the Company or any of its executive officers or with respect to any matter relating to the Company’s operations, policies or practices . On February 12, 2015, the Company appointed Rod Jardine as a director of our Company. In connection with his election, the Board approved the issuance to Mr. Jardine of options to purchase 120,000 shares of the Company’s common stock, at an exercise price equal to $1.00 per share, outside of the Company’s 2014 Equity Incentive Plan. These options vest one -third on the date of grant and one -third on the first two anniversaries of the grant date, and have a 5 year term from the grant date. Amendment of Warrants On April 13, 2015, the Company’s board of directors amended the exercise price of warrants issued on January 14, 2014 to the note holders who provided short-term financing. The number of shares covered by warrants issued totaled 821,250 which previously had an exercise price of $3.60 . The amendment reduced the exercise price to $1.40 . All other terms of the warrants remained the same. Notes Payable Since December 31, 2014, the Company borrowed $310,000 each from directors , Mr. Hanson and Mr. Davis. The loans are unsecured at a stated interest rate of 10% and mature on June 3 0 , 2015 .

Nature of Operations and Summ88

Nature of Operations and Summary of Significant Accounting Policies (Policies)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Nature of Operations and Summary of Significant Accounting Policies
Revenue Recognition	Revenue Recognition The Company generates revenue from the following sources: (1) subscription and support fees (2) transaction volume fees, (3) active monthly user fees for mobile wallet offering (4) fees related to the implementation of RDC and mobile wallet software for clients, and (5) professional services such as client specific software customization and other products and services. The Company’s arrangements do not contain general rights of return. The Company’s subscription arrangements do not provide customers with the right to take possession of the SaaS technology platform and, as a result, are accounted for as service arrangements. The Company records revenue net of any sales or excise taxes. The Company commences revenue recognition for its SaaS technology platform and professional services when all of the following criteria are met: there is persuasive evidence of an arrangement; the service has been or is being provided to the customer; collection of the fees is reasonably assured; and the amount of fees to be paid by the customer is fixed or determinable. Subscription and Support Revenue Subscription and support revenue is primarily derived from customers accessing the SaaS technology platform and includes subscription, support, transaction volume fees and active user fees for mobile wallet offering. Subscription and support revenue is recognized ratably over the contracted term of each respective subscription agreement, commencing on the date the service is provisioned to the customer, provided the four revenue recognition criteria have been satisfied. Transaction volume fees are recognized as transactions are processed and monthly services performed and active user fees for mobile wallet offering revenue is recognized on a monthly basis as earned provided the four revenue recognition criteria have been satisfied. Professional Services and Other Revenue Professional services include implementation services, development of interfaces requested by customers, assistance with integration of the Company’s services with the customers’ applications, dedicated support, and advisory services to customers who choose to develop their own interfaces and applications. Professional services are typically performed within three to six months of entering into an arrangement with the customer. Professional services are typically sold on a fixed-fee basis, but are offered on a time-and-material basis as well. Revenue for time-and-material arrangements is recognized as the services are performed. Revenue for fixed-fee arrangements is recognized under the proportional performance method of accounting as the Company has developed a history of accurately estimating activity. The Company uses labor hours incurred to the end of each reporting period compared to the total estimated labor hours as an input based measure of performance under customer arrangements. The Company believes labor hours incurred is materially representative of the value delivered to the customer at any point in time during the performance of the service. Professional services are not considered essential to the functionality of the SaaS offering. Implementation Fees The implementation fees are recognized over the term of the contract or expected life of the contract where no contractual term exists. Generally, client agreements are entered into for 12 to 36 months. A majority of the implementation service component of the arrangement with customers is performed within 120 days of entering into a contract with the customer. Multiple Element Arrangements The Company enters into multiple element arrangements in which a customer may purchase a subscription and professional services. For arrangements with multiple deliverables, the Company evaluates whether the individual deliverables qualify as separate units of accounting. In order to treat deliverables in a multiple element arrangement as separate units of accounting, the deliverables must have standalone value upon delivery. If the deliverables have standalone value upon delivery, the Company accounts for each deliverable separately and revenue is recognized for the respective deliverables as they are delivered. If one or more of the deliverables does not have standalone value upon delivery, the deliverables that do not have standalone value are combined with the final deliverable within the arrangement and treated as a single unit of accounting. Subscription and support contracts have standalone value as the Company sells subscriptions and support separately. In determining whether professional services can be accounted for separately from subscription and support services, the Company considers the availability of the professional services from other vendors, the nature of its professional services and whether the Company sells its applications to new customers without professional services. Based on these considerations the Company assessed that its professional services have standalone value. The Company determines the selling price for each element based on the selling price hierarchy of: (i) vendor-specific objective evidence (“VSOE”) of fair value, (ii) third-party evidence (“TPE”), and (iii) estimated selling price (“ESP”). The Company is unable to establish VSOE for any of its services, as the Company has not historically priced its services with sufficient consistency. The Company is also unable to establish TPE, as the Company does not have sufficient information regarding pricing of third-party subscription and professional services similar to its offerings. As a result, the Company has developed estimates of selling prices based on margins established by senior management as the targets in the Company’s selling and pricing strategies after considering the nature of the services, the economic and competitive environment, and the nature and magnitude of the costs incurred. The amount of arrangement fee allocated is limited by contingent revenue, if any. Deferred Revenue Deferred revenue consists of billings and payments received in advance of revenue recognition from the Company’s subscription and support offerings as described above and is recognized as the revenue recognition criteria are met. For subscription agreements, the Company typically invoices its customers in monthly or annual fixed installments. Accordingly, the deferred revenue balance does not represent the total contract value of these multi-year subscription agreements. Deferred revenue also includes certain deferred professional services fees, which are recognized in accordance with the Company’s revenue recognition policy. The portion of deferred revenue the Company expects to recognize during the succeeding 12-month period is recorded as current deferred revenue, and the remaining portion is recorded as noncurrent.	Revenue Recognition The Company generates revenue from the following sources: (1) subscription and support fees (2) transaction volume fees, (3) active monthly user fees for mobile wallet offering (4) fees related to the implementation of RDC and mobile wallet software for clients, and (5) professional services such as client specific software customization and other products and services. The Company’s arrangements do not contain general rights of return. The Company’s subscription arrangements do not provide customers with the right to take possession of the SaaS technology platform and, as a result, are accounted for as service arrangements. The Company records revenue net of any sales or excise taxes. The Company commences revenue recognition for its SaaS technology platform and professional services when all of the following criteria are met: · there is persuasive evidence of an arrangement; · the service has been or is being provided to the customer; · collection of the fees is reasonably assured; and · the amount of fees to be paid by the customer is fixed or determinable. Subscription and Support Revenue Subscription and support revenue is primarily derived from customers accessing the SaaS technology platform and includes subscription, support, transaction volume fees and active user fees for mobile wallet offering. Subscription and support revenue is recognized ratably over the contracted term of each respective subscription agreement, commencing on the date the service is provisioned to the customer, provided the four revenue recognition criteria have been satisfied. Transaction volume fees are recognized as transactions are processed and monthly services performed and active user fees for mobile wallet offering revenue is recognized on a monthly basis as earned provided the four revenue recognition criteria have been satisfied. Professional Services and Other Revenue Professional services include implementation services, development of interfaces requested by customers, assistance with integration of the Company’s services with the customers’ applications, dedicated support, and advisory services to customers who choose to develop their own interfaces and applications. Professional services are typically performed within three to six months of entering into an arrangement with the customer. Professional services are typically sold on a fixed-fee basis, but are offered on a time-and-material basis as well. Revenue for time-and-material arrangements is recognized as the services are performed. Revenue for fixed-fee arrangements is recognized under the proportional performance method of accounting as the Company has developed a history of accurately estimating activity. The Company uses labor hours incurred to the end of each reporting period compared to the total estimated labor hours as an input based measure of performance under customer arrangements. The Company believes labor hours incurred is materially representative of the value delivered to the customer at any point in time during the performance of the service. Professional services are not considered essential to the functionality of the SaaS offering. Implementation Fees The implementation fees are recognized over the term of the contract or expected life of the contract where no contractual term exists. Generally, client agreements are entered into for 12 to 36 months. A majority of the implementation service component of the arrangement with customers is performed within 120 days of entering into a contract with the customer. Multiple Element Arrangements The Company enters into multiple element arrangements in which a customer may purchase a subscription and professional services. For arrangements with multiple deliverables, the Company evaluates whether the individual deliverables qualify as separate units of accounting. In order to treat deliverables in a multiple element arrangement as separate units of accounting, the deliverables must have standalone value upon delivery. If the deliverables have standalone value upon delivery, the Company accounts for each deliverable separately and revenue is recognized for the respective deliverables as they are delivered. If one or more of the deliverables does not have standalone value upon delivery, the deliverables that do not have standalone value are combined with the final deliverable within the arrangement and treated as a single unit of accounting. Subscription and support contracts have standalone value as the Company sells subscriptions and support separately. In determining whether professional services can be accounted for separately from subscription and support services, the Company considers the availability of the professional services from other vendors, the nature of its professional services and whether the Company sells its applications to new customers without professional services. Based on these considerations the Company assessed that its professional services have standalone value. The Company determines the selling price for each element based on the selling price hierarchy of: (i) vendor-specific objective evidence (“VSOE”) of fair value, (ii) third-party evidence (“TPE”), and (iii) estimated selling price (“ESP”). The Company is unable to establish VSOE for any of its services, as the Company has not historically priced its services with sufficient consistency. The Company is also unable to establish TPE, as the Company does not have sufficient information regarding pricing of third-party subscription and professional services similar to its offerings. As a result, the Company has developed estimates of selling prices based on margins established by senior management as the targets in the Company’s selling and pricing strategies after considering the nature of the services, the economic and competitive environment, and the nature and magnitude of the costs incurred. The amount of arrangement fee allocated is limited by contingent revenue, if any. Deferred Revenue Deferred revenue consists of billings and payments received in advance of revenue recognition from the Company’s subscription and support offerings as described above and is recognized as the revenue recognition criteria are met. For subscription agreements, the Company typically invoices its customers in monthly or annual fixed installments. Accordingly, the deferred revenue balance does not represent the total contract value of these multi-year subscription agreements. Deferred revenue also includes certain deferred professional services fees, which are recognized in accordance with the Company’s revenue recognition policy. The portion of deferred revenue the Company expects to recognize during the succeeding 12-month period is recorded as current deferred revenue, and the remaining portion is recorded as noncurrent.
Cost of Revenue	Cost of Revenue Cost of revenue primarily consists of costs related to hosting the Company’s cloud-based application, providing customer support, data communications expense, salaries and benefits of operations and support personnel, software development fees, software license fees, amortization expense associated with acquired developed technology assets, and property and equipment depreciation.	Cost of Revenue Cost of revenue primarily consists of costs related to hosting the Company’s cloud-based application, providing customer support, data communications expense, salaries and benefits of operations and support personnel, software development fees, software license fees, amortization expense associated with acquired developed technology assets, and property and equipment depreciation.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash and cash equivalents are maintained at one financial institution and, at times, balances may exceed federally insured limits. The Company has never experienced any losses related to these balances and does not believe it is exposed to any significant credit risk on cash and cash equivalents.	Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash and cash equivalents are maintained at one financial institution and, at times, balances may exceed federally insured limits. The Company has never experienced any losses related to these balances and does not believe it is exposed to any significant credit risk on cash and cash equivalents.
Accounts Receivable	Accounts Receivable Accounts receivable represent amounts due from customers. Management determines the allowance for doubtful accounts by regularly evaluating individual customer receivables and considering a customer’s financial condition, credit history and current economic conditions. Accounts receivable are written off when deemed uncollectible. Recoveries of accounts receivable previously written off are recorded when received. The allowance for doubtful accounts was approximately $15,000 and $25,000 as of June 30, 2015 and December 31, 2014 , respectively. Concentrations of credit risk with respect to accounts receivable are limited because a large number of geographically diverse customers make up the Company’s customer base, thus spreading the credit risk.	Accounts Receivable Accounts receivable represent amounts due from customers. Management determines the allowance for doubtful accounts by regularly evaluating individual customer receivables and considering a customer’s financial condition, credit history and current economic conditions. Accounts receivable are written off when deemed uncollectible. Recoveries of accounts receivable previously written off are recorded when received. The allowance for doubtful accounts was approximately $25,000 and $89,000 as of December 31, 2014 and December 31, 2013 , respectively. Concentrations of credit risk with respect to accounts receivable are limited because a large number of geographically diverse customers make up the Company’s customer base, thus spreading the credit risk.
Property and Equipment	Property and Equipment Depreciation and amortization is computed using the straight-line method over the following estimated useful lives: Computer and Data Center Equipment 3 years Purchased and Acquired software 3 years Leasehold Improvements 3 - 5 years, or lease term if less Furniture and fixtures 7 years Major additions and improvements are capitalized, while replacements, maintenance and repairs, which do not improve or extend the life of the respective assets, are expensed as incurred. When assets are retired or otherwise disposed of, related costs and accumulated depreciation and amortization are removed and any gain or loss is reported.	Property and Equipment Depreciation and amortization is computed using the straight-line method over the following estimated useful lives: Computer and Data Center Equipment 3 years Purchased and Acquired software 3 years Leasehold Improvements 3 - 5 years, or lease term if less Furniture and fixtures 7 years Major additions and improvements are capitalized, while replacements, maintenance and repairs, which do not improve or extend the life of the respective assets, are expensed as incurred. When assets are retired or otherwise disposed of, related costs and accumulated depreciation and amortization are removed and any gain or loss is reported.
Goodwill	Goodwill Goodwill represents the excess purchase price over the appraised value of the portion of identifiable assets that were acquired from the DeviceFidelity Inc. acquisition completed in March 2014. Goodwill is not amortized but is reviewed at least annually for impairment, or between annual dates if circumstances change that would more likely than not cause impairment. Management performs its annual impairment test at the close of each fiscal year, and considers several factors in evaluating goodwill for impairment, including the Company’s current financial position and results, general economic and industry conditions and legal and regulatory conditions.	Goodwill Goodwill represents the excess purchase price over the appraised value of the portion of identifiable assets that were acquired from the DeviceFidelity Inc. acquisition completed in March 2014. Goodwill is not amortized but is reviewed at least annually for impairment, or between annual dates if circumstances change that would more likely than not cause impairment. Management performs its annual impairment test at the close of each fiscal year, and considers several factors in evaluating goodwill for impairment, including the Company’s current financial position and results, general economic and industry conditions and legal and regulatory conditions. No impairment of goodwill was identified for the years ended December 31, 2014 and 2013 . See Note 11 for further discussion.
Impairment of Long-lived Assets, Including License Agreements	Impairment of Long-lived Assets, Including License Agreements The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets.	Impairment of Long-lived Assets, Including License Agreements The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. The Company did not identify any impairment events or circumstances during the year ended December 31, 2014 or December 31, 2013 .
Deferred Financing Costs	Deferred Financing Costs Deferred financing costs are capitalized and amortized over the lives of the related debt agreements. The costs are amortized to interest expense using the effective interest method. In the event debt is converted or paid prior to maturity, any unamortized issuance costs are charged to expense.	Deferred Financing Costs Deferred financing costs are capitalized and amortized over the lives of the related debt agreements. The costs are amortized to interest expense using the effective interest method. In the event debt is converted or paid prior to maturity, any unamortized issuance costs are charged to expense.
Deferred Commissions	Deferred Commissions The Company capitalizes commission costs that are incremental and directly related to the acquisition of customer contracts. Commission costs are capitalized and amortized over the term of the related customer contract.	Deferred Commissions The Company capitalizes commission costs that are incremental and directly related to the acquisition of customer contracts. Commission costs are capitalized and amortized over the term of the related customer contract.
Net Loss Per Common Share	Net Loss Per Common Share Basic and diluted net loss per common share for all periods presented is computed by dividing the net loss available to common shareholders by the weighted average common shares outstanding and common stock equivalents, when dilutive. Potentially dilutive common stock equivalents include common shares issued pursuant to stock warrants, stock options, convertible preferred stock and convertible note agreements. Common stock equivalents were not included in determining the fully diluted loss per share as they were antidilutive. On February 12, 2014, Cachet Financial Solutions (Minnesota) completed a merger transaction (the “Merger”) with DE Acquisition 2, Inc. (“DE2”), a Delaware corporation and public company with no operations. Pursuant to the terms of the Merger, each share of common stock of Cachet Financial Solutions (Minnesota) that was issued and outstanding at such time was cancelled and converted into 10.9532 (the “exchange ratio”) shares of DE2’s common stock. Subsequently DE2 changed its name to Cachet Financial Solutions, Inc. On March 18, 2014, the Company completed a reverse stock split of its issued and outstanding common stock on a 1- for-10.9532 basis. The Company’s authorized capital shares previous to this transaction consisted of 22,500,000 shares of $.01 par value common stock and 2,500,000 shares of preferred stock. As a result of the DE 2 transaction, the Company’s new authorized capital consists of 500,000,000 shares of $.0001 par value common stock and 20,000,000 shares of preferred stock. All amounts in the accompanying financial statements and notes related to shares, share prices and loss per share reflect retrospective presentation of the reverse split. The following table reflects the amounts used in determining loss per share: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2015 2014 2015 2014 Net Loss Attributable to Common Shareholders $ $ $ $ Weighted average common shares outstanding Net loss per common share – basic and diluted $ $ $ $ The following potential common shares were excluded from the calculation of diluted loss per share from continuing operations and diluted net loss per share attributable to common stockholders because their effect would have been anti-dilutive for the periods presented: As of June 30, June 30, 2015 2014 Convertible Preferred Stock - Stock Options Warrants	Net Loss Per Common Share Basic and diluted net loss per common share for all periods presented is computed by dividing the net loss available to common shareholders by the weighted average common shares outstanding and common stock equivalents, when dilutive. Potentially dilutive common stock equivalents include common shares issued pursuant to stock warrants, stock options, convertible preferred stock and convertible note agreements. Common stock equivalents were not included in determining the fully diluted loss per share as they were antidilutive. On February 12, 2014, the Company completed a merger transaction with DE Acquisition 2, Inc. (“DE2”), a public company with no operations. Pursuant to the terms of the merger, each share of the Company’s common stock that was issued and outstanding at such time was cancelled and converted into 10.9532 (the “exchange ratio”) shares of DE2’s common stock. On March 18, 2014, the Company completed a reverse stock split of the Company’s issued and outstanding common stock on a 1- for-10.9532 basis. The Company’s authorized capital shares previous to this transaction consisted of 22,500,000 shares of $.01 par value common stock and 2,500,000 shares of preferred stock. As a result of the DE 2 transaction, the Company’s new authorized capital consists of 500,000,000 shares of $.0001 par value common stock and 20,000,000 shares of preferred stock. All amounts in the accompanying financial statements and notes related to shares, share prices and loss per share reflect retrospective presentation of the reverse split. The following table reflects the amounts used in determining loss per share: Year Ended December 31, December 31, 2014 2013 Net loss $ $ Less: Cumulative unpaid preferred stock dividends — Net Loss attributable to common stockholders Weighted average common shares outstanding Net loss per common share – basic and diluted $ $ The following potential common shares were excluded from the calculation of diluted loss per share from continuing operations and diluted net loss per share attributable to common stockholders because their effect would have been anti-dilutive for the periods presented: As of December 31, December 31, 2014 2013 Convertible Preferred Stock - Stock Options Warrants
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company uses fair value measurements to record fair value adjustments for certain financial instruments and to determine fair value disclosures. Warrants issued with price protection features are recorded at fair value on a recurring basis. The carrying value of cash and cash equivalents, accounts receivable and accounts payable approximated fair value due to the short maturity of those instruments. With respect to determination of fair values of financial instruments there are the following three levels of inputs: Level 1 Inputs– Quoted prices for identical instruments in active markets. Level 2 Inputs– Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 Inputs– Instruments with primarily unobservable value drivers. The warrants that are carried at fair value are valued using level 3 inputs utilizing a Black-Scholes option pricing model under probability weighted estimated outcomes.	Fair Value of Financial Instruments The Company uses fair value measurements to record fair value adjustments for certain financial instruments and to determine fair value disclosures. Warrants issued with price protection features are recorded at fair value on a recurring basis. The carrying value of cash and cash equivalents, accounts receivable and accounts payable approximated fair value due to the short maturity of those instruments. With respect to determination of fair values of financial instruments there are the following three levels of inputs: Level 1 Inputs– Quoted prices for identical instruments in active markets. Level 2 Inputs– Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 Inputs– Instruments with primarily unobservable value drivers. The warrants that are carried at fair value are valued using level 3 inputs utilizing a Black-Scholes option pricing model under probability weighted estimated outcomes.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that may affect certain reported amounts and disclosures in the consolidated financial statements. Actual results could differ from those estimates. Significant estimates include the Company’s ability to continue as a going concern, allowance for doubtful accounts, assumptions used to value stock options and warrants, conversion incentive and share purchase price adjustment, and the value of shares of common stock issued for services.	Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that may affect certain reported amounts and disclosures in the consolidated financial statements. Actual results could differ from those estimates. Significant estimates include the Company’s ability to continue as a going concern, allowance for doubtful accounts, assumptions used to value stock options and warrants, conversion incentive and share purchase price adjustment, and the value of shares of common stock issued for services.
Stock-Based Compensation	Stock-Based Compensation The Company accounts for stock-based compensation using the estimated fair values of warrants and stock options. For purposes of determining the estimated fair values the Company uses the Black-Scholes option pricing model. For the periods prior to the Company’s common stock being traded, the Company estimated the volatility of its common stock at the date of grant based on the volatility of comparable peer companies which are publicly traded; for later periods, the Company includes its actual common stock trading to compute volatility. The Company determines the expected life based on historical experience with similar awards, giving consideration to the contractual terms, vesting schedules and post-vesting forfeitures. The Company uses the risk-free interest rate on the implied yield currently available on U.S. Treasury issues with an equivalent remaining term approximately equal to the expected life of the award. The Company has never paid any cash dividends on its common stock and does not anticipate paying any cash dividends in the foreseeable future. Compensation expense for all share-based payment awards is recognized using the straight-line amortization method over the vesting period. The fair values of stock award grants are determined based on the number of shares granted and estimated fair value of the Company’s common stock on the date of grant.	Stock-Based Compensation The Company accounts for stock-based compensation using the estimated fair values of warrants and stock options. For purposes of determining the estimated fair values the Company uses the Black-Scholes option pricing model. For the periods prior to the Company’s common stock being traded, the Company estimated the volatility of its common stock at the date of grant based on the volatility of comparable peer companies which are publicly traded; for later periods, the Company uses its actual common stock trading to compute volatility. The Company determines the expected life based on historical experience with similar awards, giving consideration to the contractual terms, vesting schedules and post-vesting forfeitures. The Company uses the risk-free interest rate on the implied yield currently available on U.S. Treasury issues with an equivalent remaining term approximately equal to the expected life of the award. The Company has never paid any cash dividends on its common stock and does not anticipate paying any cash dividends in the foreseeable future. Compensation expense for all share-based payment awards is recognized using the straight-line amortization method over the vesting period. The fair values of stock award grants are determined based on the number of shares granted and estimated fair value of the Company’s common stock on the date of grant.
Research and Development Costs	Research and Development Costs The Company considers those costs incurred in developing new processes and solutions to be research and development costs and they are expensed as incurred.	Research and Development Costs The Company considers those costs incurred in developing new processes and solutions to be research and development costs and they are expensed as incurred.
Recent Accounting Pronouncements	Recent Accounting Pronouncements On May 28, 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers . The core principle of the ASU is for companies to recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration, or payment, to which the company expects to be entitled in exchange for those goods or services. The ASU may also result in enhanced disclosures about revenue. For public entities, the ASU is effective for annual reporting periods beginning after December 15, 2016, on July 9, 2015 , the FASB voted to allow a one year deferral of t he effective date. The deferral permit s early adoption, but does not allow adoption any earlier than the original effective date of the standard. We are currently evaluating the impact this standard will have on our consolidated financial statements. In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern. The amendments provide guidance about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. The standard will be effective for the Company on December 31, 2016. The adoption of this pronouncement may impact future assessment and disclosures related to the Company’s ability to continue as a going concern. In April 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update No. 2015-03, "Simplifying the Presentation of Debt Issuance Costs" ("ASU 2015-03") which changes the presentation of debt issuance costs in financial statements to present such costs as a direct deduction from the related debt liability rather than as an asset. ASU 2015-03 will become effective for public companies during interim and annual reporting periods beginning after December 15, 2015. Early adoption is permitted. We do not expect the adoption of ASU 2015-03 will have a material impact on our consolidated financial statements.	Recent Accounting Pronouncements On May 28, 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers . The core principle of the ASU is for companies to recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration, or payment, to which the company expects to be entitled in exchange for those goods or services. The ASU may also result in enhanced disclosures about revenue. For public entities, the ASU is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Due to the recent date of issuance for this ASU, management is currently evaluating what impact, if any, the pronouncement will have on the Company’s disclosures, its financial position or results from operations. In June 2014, the FASB issued authoritative guidance related to share-based payments when the terms of an award provide that a performance target could be achieved after the requisite period. The amendments require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. The requirements of the new standard are effective for the annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods. We do not anticipate that this guidance will have a material impact on the Company’s financial position or results of operations. In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern. The amendments provide guidance about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. The standard will be effective for the Company on December 31, 2016. The adoption of this pronouncement may impact future assessment and disclosures related to the Company’s ability to continue as a going concern.

Nature of Operations and Summ89

Nature of Operations and Summary of Significant Accounting Policies (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Nature of Operations and Summary of Significant Accounting Policies
Schedule of property plant and equipment estimated useful lives	Computer and Data Center Equipment 3 years Purchased and Acquired software 3 years Leasehold Improvements 3 - 5 years, or lease term if less Furniture and fixtures 7 years	Computer and Data Center Equipment 3 years Purchased and Acquired software 3 years Leasehold Improvements 3 - 5 years, or lease term if less Furniture and fixtures 7 years
Schedule of net loss per common share	Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2015 2014 2015 2014 Net Loss Attributable to Common Shareholders $ $ $ $ Weighted average common shares outstanding Net loss per common share – basic and diluted $ $ $ $	Year Ended December 31, December 31, 2014 2013 Net loss $ $ Less: Cumulative unpaid preferred stock dividends — Net Loss attributable to common stockholders Weighted average common shares outstanding Net loss per common share – basic and diluted $ $
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	As of June 30, June 30, 2015 2014 Convertible Preferred Stock - Stock Options Warrants	As of December 31, December 31, 2014 2013 Convertible Preferred Stock - Stock Options Warrants

Property and Equipment (Table90

Property and Equipment (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Property and Equipment
Schedule of property and equipment	As of June 30, December 31, 2015 2014 (unaudited) (audited) Computer equipment $ $ Data center equipment Purchased software Furniture and fixtures Leasehold improvements Total property and equipment Less: accumulated depreciation Net property and equipment $ $	As of December 31, December 31, 2014 2013 Computer equipment $ $ Data center equipment Purchased software Furniture and fixtures Leasehold improvements Total property and equipment Less: accumulated depreciation Net property and equipment $ $

Accrued Expenses (Tables)91

Accrued Expenses (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Accrued Expenses
Schedule of accrued expenses	As of June 30, December 31, 2015 2014 (unaudited) (audited) Accrued compensation $ $ Accrued rent Accrued sales tax Total accrued expenses $ $	As of December 31, December 31, 2014 2013 Accrued compensation $ $ Accrued rent Accrued sales tax - Total accrued expenses $ $

Financing Arrangements (Table92

Financing Arrangements (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Financing Arrangements
Summary of debt outstanding	As of June 30, December 31, 2015 2014 (unaudited) (audited) Notes Payable to Directors and Affiliates $ $ Convertible Term Loan, due December 2016, interest at 10% Series Subordinated Note, due December 2015 Stated interest rate of 12% Notes Payable, due the earlier of raising $10 million in proceeds from private placements or January 2016, interest between 8.25% and 12% Note Payable, due August 2021, interest 0% Installment Note Payable – Bank Total Unamortized discount Total debt, net Less: current maturities Long-term portion $ $	As of December 31, December 31, 2014 2013 Senior Secured Note Payable, due August 2013 $ - $ Secured Convertible Notes, due June through August 2014 - Notes Payable to Directors and Affiliates Convertible Notes, due March 2015, interest at 10% - Convertible Term Loans, due December 2016, interest at 10% Convertible, Subordinated Notes, due March 2012 interest at 6% - Convertible Subordinated Note, due April 2015 interest at 9% - Series Subordinated Notes, due April 2015 Stated interest rate of 12% , effective interest of 38% . Notes Payable, due February 2015, interest at 10% - Notes Payable, due the earlier of raising $10 million in proceeds from private placements or January 2016, interest between 8.25% and 12% - Note Payable, due August 2021, interest 0% - Installment Note Payable – Bank Total Unamortized discount Total debt, net Less: current maturities Long-term portion $ $
Maturities of long-term debt	Six months ending December 31, 2015 $ 2016 2017 - 2018 - 2019 - 2020 - Thereafter $	2015 $ 2016 2017 - 2018 - 2019 - Thereafter $

Commitments and Contingencies93

Commitments and Contingencies (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Commitments and Contingencies
Schedule of future minimum rental payments for operating leases	Six months ending December 31, 2015 $ 2016 2017 2018 2019 $	2015 $ 2016 2017 $
Schedule of future lease payments under capital leases	Six Months Ending December 31, 2015 $ 2016 2017 2018 Total payments Less: portion representing interest Principal portion Less: current portion Long-term portion $
Schedule of future maturities of capital lease obligations	Six Months Ending December 31, 2015 $ 2016 2017 2018 $

Acquisition (Tables)94

Acquisition (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Acquisition
Fair value of assets acquired and liabilities assumed	Purchase Price: Cash paid $ Contingent consideration Total purchase price Fair Value of Assets Acquired and Liabilities Assumed Tangible assets acquired: Property and equipment, net $ Total tangible assets acquired Identified intangible assets acquired: Customer contracts Proprietary software Total assets acquired in excess of liabilities assumed Goodwill Total purchase price $	Purchase Price: Cash paid $ Contingent consideration Total purchase price Fair Value of Assets Acquired and Liabilities Assumed Tangible assets acquired: Property and equipment, net $ Total tangible assets acquired Identified intangible assets acquired: Customer contracts Proprietary software Total assets acquired in excess of liabilities assumed Goodwill Total purchase price $
Schedule of pro forma results	Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2015 2014 2015 2014 (unaudited) (unaudited) (unaudited) (unaudited) Revenues $ $ $ $ Net Loss Basic and diluted net loss per common share $ $ $ $ Weighted average shares - basic and diluted	Year Ended December 31, December 31, 2014 2013 (unaudited) (unaudited) Revenues $ $ Net Loss $ $ Basic and diluted net loss per common share $ $ Weighted average shares - basic and diluted

Goodwill and Finite Life Inta95

Goodwill and Finite Life Intangibles Assets (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Goodwill and Finite Life Intangibles Assets
Schedule of identified intangible assets	Amortizable June 30, 2015 Period Gross Accumulated Net (years) Assets Amortization Assets Customer Contracts 3 - 5 $ $ $ Proprietary Software 3 Total identified intangible assets $ $ $	Amortizable December 31, 2014 Period Gross Accumulated Net (years) Assets Amortization Assets Customer Contracts 3 - 5 $ $ $ Proprietary Software 3 Total identified intangible assets $ $ $
Schedule of amortization expense for identified intangible assets	Statement of Three Months Ended Six Months Ended Operations June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Classification Customer Contracts $ $ $ $ Cost of Revenue Proprietary Software Cost of Revenue Total amortization on identified intangible assets $ $ $ $	Statement of Year Ended Operations December 31, 2014 Classification Customer Contracts $ Cost of Revenue Proprietary Software Cost of Revenue Total amortization on identified intangible assets $
Schedule of future amortization expense	Six Months Ending December 31, 2015 $ 2016 2017 2018 2019 $	2015 $ 2016 2017 2018 2019 $

Shareholders' Equity (Tables)96

Shareholders' Equity (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Statement Of Stockholders Equity [Abstract]
Summary of assumptions used to determine fair value of warrants	Both Periods Expected term 1.5 - 5 Years Expected dividend 0 Volatility 26% - 38% Risk-free interest rate 0.25% - 1.37%	Both Periods Expected term 1.5 - 5 Years Expected dividend 0 Volatility 26% - 38% Risk-free interest rate 0.12% - 1.14%

Stock-Based Compensation and 97

Stock-Based Compensation and Benefit Plans (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Stock-Based Compensation and Benefit Plans
Summary of stock based compensation	Three Months Ended Six Months Ended June 30, 2015 June 30, 2014 June 30, 2015 June 30, 2014 Stock-based compensation costs included in: Cost of revenue $ $ $ $ Sales and marketing expenses Research and development expenses General and administrative expenses Total stock-based compensation expense $ $ $ $	Year Ended December 31, 2014 December 31, 2013 Stock-based compensation costs included in: Cost of revenue $ $ Sales and marketing expenses Research and development expenses General and administrative expenses Total stock-based compensation expense $ $
Schedule of fair values of stock options granted and assumptions used for the Black-Scholes-Merton option pricing model	Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2015 2014 2015 2014 Estimated Fair Value $ $ $ $ Shares Issuable Under Options Granted Expected Term 3 Years 3 Years 2 to 3 Years 3 Years Expected Dividend % % % % Volatility % % 26% to 30 % % Risk Free Interest Rate 0.86% to 0.91 % % 0.22% to 1.07 % %	Year Ended December 31, December 31, 2014 2013 Estimated Fair Value $ $ Shares Issuable Under Options Granted Expected Term 2 to 3 Years 3 Years Expected Dividend - % - % Volatility 27% to 29 % 30% to 33 % Risk Free Interest Rate 0.22% to 1.00 % 0.34% to 0.90 %

Related Party Transactions (T98

Related Party Transactions (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Related Party Transactions
Schedule of related party transactions	As of June 30, December 31, 2015 2014 Debt held by related parties $ $ Warrants held by related parties Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2015 2014 2015 2014 Interest paid to related parties $ $ — $ $ — Related party interest expense	As of December 31, December 31, 2014 2013 Debt held by related parties $ $ Warrants held by related parties Year Ended December 31, December 31, 2014 2013 Interest paid to related parties $ $ Related party interest expense $ $

Nature of Operations and Summ99

Nature of Operations and Summary of Significant Accounting Policies (Details)	Feb. 03, 2015USD ($)director$ / sharesshares	Jul. 30, 2014USD ($)director	Jul. 14, 2014director$ / sharesshares	Jun. 30, 2015USD ($)contract$ / sharesshares	May. 31, 2015USD ($)	Feb. 28, 2015USD ($)director$ / sharesshares	Jul. 31, 2014USD ($)$ / sharesshares	Jan. 31, 2014USD ($)shares	Jun. 30, 2015USD ($)contract$ / sharesshares	Mar. 31, 2015$ / sharesshares	Mar. 27, 2015USD ($)$ / sharesshares	Jun. 30, 2015USD ($)contract$ / sharesshares	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)contract$ / sharesshares	Dec. 31, 2013USD ($)$ / sharesshares	Aug. 12, 2015USD ($)
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Cumulative operating losses | $				$ (63,858,298)					$ (63,858,298)			$ (63,858,298)		$ (51,720,525)
Working capital (deficit) | $				(2,500,000)					(2,500,000)			(2,500,000)
Cash paid for acquisition | $													$ 1,375,000	2,125,000
Amount outstanding | $				$ 4,727,094					$ 4,727,094			4,727,094		4,782,538	$ 7,171,252
Debt converted | $							$ 6,301,241	$ 986,793							$ 6,744,139
Conversion of debt, shares issued | shares							5,139,169	246,867							1,854,638
Conversion of debt and interest into shares | $												752,000	$ 986,793	7,288,025	$ 11,063,816
Proceeds from issuance of convertible preferred stock and warrants | $												2,200,000		3,000,000
Proceeds from issuance of convertible preferred stock | $												$ 4,403,664		$ 3,039,501
Convertible preferred stock, shares issued | shares				44,030					44,030			44,030		2,229,702	0
Convertible preferred stock, par value				$ 0.0001					$ 0.0001			$ 0.0001		$ 0.0001	$ 0.0001
Subscription received | $				$ 500,000					$ 500,000			$ 500,000
Allowance for doubtful accounts receivable | $				$ 15,000					$ 15,000			$ 15,000		$ 25,000	$ 89,000
Number of contracts | contract				437					437			437		348
Number of active contracts | contract				312					312			312		252
Placement Agent
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Period of warrant									5 years
Scarsdale Equities LLC
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)				$ 0.4816					$ 0.4816			$ 0.4816
Shares that may be purchased under warrant agreement | shares				703,997					703,997			703,997
Offering commission | $									$ 220,150
ROTH Capital Partners
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)				$ 0.5254					$ 0.5254			$ 0.5254
Shares that may be purchased under warrant agreement | shares				241,746					241,746			241,746
Offering commission | $									$ 105,836
Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Proceeds from issuance of convertible preferred stock and warrants | $														$ 2,200,000
Convertible Preferred Stock Series A
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Issuance of shares (in shares) | shares												9,000		2,229,702
Share price (in dollars per share)				$ 1.50					$ 1.50			$ 1.50		$ 1.50
Divident rate ( as a percentage)												8.00%
Initial Conversion price	$ 1.50
Preferred Stock Conversion Rate Adjusted	1.15
Convertible Preferred Stock Series A | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Issuance of shares (in shares) | shares														9,000
Share price (in dollars per share)														$ 1.50
Divident rate ( as a percentage)														8.00%
Initial Conversion price														$ 1.50
Preferred Stock Conversion Rate Adjusted														$ 1.15
Convertible Preferred Stock Series B
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Issuance of shares (in shares) | shares												2,065,891
Share price (in dollars per share)	1.15			1.15					$ 1.15			$ 1.15
Divident rate ( as a percentage)												8.00%
Convertible Preferred Stock Series B | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Issuance of shares (in shares) | shares														2,065,891
Share price (in dollars per share)														$ 1.15
Divident rate ( as a percentage)														8.00%
Convertible Preferred Stock Series C
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Divident rate ( as a percentage)									10.00%
Initial Conversion price				$ 0.4378					$ 0.4378			$ 0.4378
Gross Proceeds from offering | $									$ 10,000,000
Closing price (in percentage)									100.00%
Conversion trading days									40 days
Conversion consecutive trading days									60 days
Number of years of offering									4 years
Percentage of holders of preferred stock									50.00%
Additional Shares of common stock | shares												8,232,628
Stock Subscription Receivable | $				$ (450,000)					$ (450,000)			$ (450,000)
Note Payable Due April 2015
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Monthly payment | $					$ 50,000
Amount outstanding, including accrued interest | $				500,000					500,000			500,000		$ 714,553
Notes Payable to Directors and Affiliates
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Amount outstanding | $				$ 1,348,000					$ 1,348,000			$ 1,348,000		$ 1,350,000	$ 2,350,000
Notes Payable to Directors and Affiliates | Convertible Preferred Stock Series C
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Convertible preferred stock, shares issued | shares				4,000					4,000			4,000
Common Stock Warrants
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)							$ 1.88							$ 2
Adjusted exercise price of warrants (in dollars per share)				$ 0.45					$ 0.45			$ 0.45
Period of warrant				5 years			5 years							5 years
Shares that may be purchased under warrant agreement | shares							3,289,086							2,229,702	232,450
Common Stock Warrants | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)														$ 1.15
Common Stock Purchase Warrants Issued In Connection With Issuance Of Series A Convertible Preferred Stock
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)	2			$ 2					2			2
Adjusted exercise price of warrants (in dollars per share)	$ 0.4816			$ 0.4816					$ 0.4816			$ 0.4816
Period of warrant												5 years
Shares that may be purchased under warrant agreement | shares				9,000					9,000			9,000
Common Stock Purchase Warrants Issued In Connection With Issuance Of Series A Convertible Preferred Stock | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)														2
Adjusted exercise price of warrants (in dollars per share)														$ 1.15
Period of warrant														5 years
Shares that may be purchased under warrant agreement | shares														9,000
Common Stock Purchase Warrants Issued in Connection With Issuance of Series B Convertible Preferred Stock
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Period of warrant												5 years
Shares that may be purchased under warrant agreement | shares				2,065,891					2,065,891			2,065,891
Common Stock Purchase Warrants Issued in Connection With Issuance of Series B Convertible Preferred Stock | Scarsdale Equities LLC
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Preferred Stock Conversion Rate Adjusted				$ 0.4816					$ 0.4816			$ 0.4816
Common Stock Purchase Warrants Issued in Connection With Issuance of Series B Convertible Preferred Stock | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)														$ 1.15
Period of warrant														5 years
Shares that may be purchased under warrant agreement | shares														2,065,891
Common Stock Purchase Warrants Issued In Connection With Issuance Of Series C Convertible Preferred Stock
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)				1.15					1.15			1.15
Adjusted exercise price of warrants (in dollars per share)				0.4816					0.4816			0.4816
Preferred Stock Conversion Rate Adjusted				0.4816					0.4816			0.4816
Common Stock Purchase Warrants Issued In Connection With Issuance Of Series C Convertible Preferred Stock | Convertible Preferred Stock Series C
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)				$ 0.4816					$ 0.4816			$ 0.4816
Period of warrant												5 years
Shares that may be purchased under warrant agreement | shares				10,057,119					10,057,119			10,057,119
Convertible preferred stock, shares issued | shares				44,030					44,030			44,030
Common Stock
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Issuance of shares (in shares) | shares						74,765								4,542,782	319,000
Share price (in dollars per share)															$ 4
Additional Shares of common stock | shares									8,232,628			8,232,628			427,619
Private Placement
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)				$ 0.4816					$ 0.4816			$ 0.4816
Proceeds from issuance of convertible preferred stock and warrants | $														$ 3,000,000
Total (Cash and non-cash) gross proceeds | $				$ 4,403,000
Gross proceeds in the form of cash | $				$ 2,951,000
Private Placement | Convertible Preferred Stock Series A
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Share price (in dollars per share)										$ 1.50				$ 1.50
Private Placement | Convertible Preferred Stock Series A | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Share price (in dollars per share)											$ 1.50
Private Placement | Convertible Preferred Stock Series B
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Share price (in dollars per share)										1.15
Private Placement | Convertible Preferred Stock Series B | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Share price (in dollars per share)											1.15
Private Placement | Convertible Preferred Stock Series C
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Convertible preferred stock, shares issued | shares				44,030					44,030			44,030
Convertible preferred stock, par value				$ 100					$ 100			$ 100
Private Placement | Notes Payable to Directors and Affiliates
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Promissory notes term				150 days
Gross proceeds in the form of promissory notes | $				$ 950,000
Private Placement | Notes Payable to Directors and Affiliates | Convertible Preferred Stock Series C
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)				$ 0.4378					$ 0.4378			$ 0.4378
Period of warrant				5 years
Private Placement | Common Stock Warrants | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)														1.15
Private Placement | Common Stock Warrants | Notes Payable to Directors and Affiliates
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Shares that may be purchased under warrant agreement | shares				232,983					232,983			232,983
Private Placement | Common Stock Purchase Warrants Issued In Connection With Issuance Of Series A Convertible Preferred Stock
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)										2				2
Adjusted exercise price of warrants (in dollars per share)										$ 0.4816				$ 1.15
Period of warrant										5 years				5 years
Shares that may be purchased under warrant agreement | shares										9,000				2,229,702
Private Placement | Common Stock Purchase Warrants Issued In Connection With Issuance Of Series A Convertible Preferred Stock | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)											2
Adjusted exercise price of warrants (in dollars per share)											$ 1.15
Period of warrant											5 years
Shares that may be purchased under warrant agreement | shares											9,000
Private Placement | Common Stock Purchase Warrants Issued in Connection With Issuance of Series B Convertible Preferred Stock
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)										$ 1.15
Adjusted exercise price of warrants (in dollars per share)										$ 0.4816
Period of warrant										5 years
Shares that may be purchased under warrant agreement | shares										2,065,891
Proceeds from issuance of convertible preferred stock and warrants | $												$ 2,200,000
Private Placement | Common Stock Purchase Warrants Issued in Connection With Issuance of Series B Convertible Preferred Stock | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)											$ 1.15
Period of warrant											5 years
Shares that may be purchased under warrant agreement | shares											2,065,891
Proceeds from issuance of convertible preferred stock and warrants | $											$ 2,200,000
Private Placement | Common Stock Purchase Warrants Issued In Connection With Issuance Of Series C Convertible Preferred Stock
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)				$ 0.4816					$ 0.4816			$ 0.4816
Period of warrant				5 years
Shares that may be purchased under warrant agreement | shares				10,057,119					10,057,119			10,057,119
Director
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)				$ 0.4378					$ 0.4378			$ 0.4378
Shares that may be purchased under warrant agreement | shares				913,659					913,659			913,659
Director | Convertible Preferred Stock Series C
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Stock Subscription Receivable | $				$ 950,000					$ 950,000			$ 950,000
Director | Convertible Preferred Stock Series C | Expected
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Subscription received | $																$ 500,000
Director | Common Stock Warrants
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)			$ 1.88
Period of warrant			5 years	5 years
Shares that may be purchased under warrant agreement | shares			2,250,000
Number of directors | director			2
Director | Private Placement | Convertible Preferred Stock Series B
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Conversion of debt, shares issued | shares	217,391
Director | Private Placement | Convertible Preferred Stock Series B | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Conversion of debt, shares issued | shares	217,391
Michael J. Hanson
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Debt converted | $				$ 302,000
Conversion of debt, shares issued | shares				3,020
Michael J. Hanson | Private Placement
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Conversion of debt, shares issued | shares				3,020
Michael J. Hanson | Private Placement | Notes Payable to Directors and Affiliates | Convertible Preferred Stock Series C
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Conversion of debt, shares issued | shares				1,020
James L. Davis
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Debt converted | $				$ 200,000
Conversion of debt, shares issued | shares				2,000
James L. Davis | Common Stock Warrants
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Period of warrant				5 years
James L. Davis | Common Stock
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)				$ 0.44					$ 0.44			$ 0.44
Shares that may be purchased under warrant agreement | shares				241,900					241,900			241,900
James L. Davis | Private Placement
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Conversion of debt, shares issued | shares				2,000
Maximum | Common Stock Warrants
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)															$ 5
Minimum | Common Stock Warrants
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)															$ 4
Line of credit | Director
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Amount outstanding | $				$ 1,100,000					$ 1,100,000			$ 1,100,000		$ 1,100,000
Gross proceeds from financing transactions that would trigger the line of credit payable to a related party to become due | $														10,000,000
Line of credit | Director | Private Placement | Notes Payable to Directors and Affiliates
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Debt converted | $	$ 250,000
Number of directors | director	1
Line of credit | Director | Private Placement | Notes Payable to Directors and Affiliates | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Debt converted | $	$ 250,000
Number of directors | director	1
Line of credit | Michael J. Hanson | Private Placement | Notes Payable to Directors and Affiliates
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Principal balance owned | $				$ 102,000
Financial Commitment Letter July 2014 | Director | Private Placement | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Number of directors | director						1
Financial Commitment Letter July 2014 | Director | Private Placement | Convertible Preferred Stock Series B | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Conversion of debt, shares issued | shares						217,391
Financial Commitment Letter July 2014 | Director | Private Placement | Common Stock Warrants | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Warrants issued for debt conversion | shares						217,391
Exercise price of warrants (in dollars per share)						$ 1.15
Period of warrant						5 years
Financial Commitment Letter July 2014 | Michael J. Hanson | Private Placement | Convertible Preferred Stock Series B
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Conversion of debt, shares issued | shares						217,391
Financial Commitment Letter July 2014 | Michael J. Hanson | Private Placement | Convertible Preferred Stock Series C
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Conversion of debt, shares issued | shares									1,020
Financial Commitment Letter July 2014 | Michael J. Hanson | Private Placement | Common Stock Warrants
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Warrants issued for debt conversion | shares						217,391
Exercise price of warrants (in dollars per share)				$ 0.4816					$ 0.4816			$ 0.4816
Period of warrant						5 years			5 years
Shares that may be purchased under warrant agreement | shares				232,983					232,983			232,983
Financial Commitment Letter July 2014 | Michael J. Hanson | Private Placement | Common Stock Purchase Warrants Issued in Connection With Issuance of Series B Convertible Preferred Stock
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Exercise price of warrants (in dollars per share)						$ 1.15
Adjusted exercise price of warrants (in dollars per share)						$ 0.4816
Financial Commitment Letter July 2014 | Line of credit | Director | Notes Payable to Directors and Affiliates
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Amount outstanding | $				$ 348,000					$ 348,000			$ 348,000		350,000
Number of directors | director		2
Maximum borrowing capacity under financing agreement | $		$ 2,500,000
Interest rate (as a percentage)		10.00%				10.00%
Default interest rate (as a percentage)		18.00%
Amount outstanding, including accrued interest | $				$ 381,000					381,000			381,000		359,466
Principal amount of debt, maturity date extended | $						$ 450,000
Total borrowings | $												$ 350,000
Financial Commitment Letter July 2014 | Line of credit | Director | Notes Payable to Directors and Affiliates | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Interest rate (as a percentage)						10.00%
Principal amount of debt, maturity date extended | $						$ 450,000
Total borrowings | $														$ 350,000
Financial Commitment Letter July 2014 | Line of credit | Director | Private Placement | Notes Payable to Directors and Affiliates | Subsequent Event
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Debt converted | $						250,000
Financial Commitment Letter July 2014 | Line of credit | Michael J. Hanson | Private Placement | Notes Payable to Directors and Affiliates
Nature of Operations and Summary of Significant Accounting Policies (Textual)
Debt converted | $						$ 250,000
Principal balance owned | $									$ 102,000

Nature of Operations and Sum100

Nature of Operations and Summary of Significant Accounting Policies - Property, Equipment, Goodwill, Long-Lived Assets (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Computer and Data Center Equipment
Property and Equipment
Property and equipment estimated useful lives	3 years	3 years
Purchased and Acquired Software
Property and Equipment
Property and equipment estimated useful lives	3 years	3 years
Furniture and fixtures
Property and Equipment
Property and equipment estimated useful lives	7 years	7 years
Minimum | Leasehold improvements
Property and Equipment
Property and equipment estimated useful lives	3 years	3 years
Maximum | Leasehold improvements
Property and Equipment
Property and equipment estimated useful lives	5 years	5 years

Nature of Operations and Sum101

Nature of Operations and Summary of Significant Accounting Policies - Merger Transaction (Details)	Mar. 18, 2014$ / sharesshares	Feb. 12, 2014	Jun. 30, 2015$ / sharesshares	Dec. 31, 2014$ / sharesshares	Mar. 17, 2014$ / sharesshares	Dec. 31, 2013$ / sharesshares
Net Loss Per Common Share - Merger Transaction
Shares authorized, common	500,000,000		500,000,000	500,000,000	22,500,000	500,000,000
Par value, common (in dollars per share) | $ / shares	$ 0.0001		$ 0.0001	$ 0.0001	$ 0.01	$ 0.0001
Shares authorized, preferred	20,000,000		20,000,000	20,000,000	2,500,000	20,000,000
Merger Transaction
Net Loss Per Common Share - Merger Transaction
Shares authorized, common	500,000,000
Par value, common (in dollars per share) | $ / shares	$ 0.0001
Shares authorized, preferred	20,000,000
Merger Transaction | DE2
Net Loss Per Common Share - Merger Transaction
Exchange ratio	0.09129752
DE2 | Merger Transaction | Common Stock
Net Loss Per Common Share - Merger Transaction
Number of shares of acquirer common stock issued per share of acquiree's common stock		10.9532

Nature of Operations and Sum102

Nature of Operations and Summary of Significant Accounting Policies - Earnings Per Share (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Potential common shares excluded from calculation of diluted loss per share because their effect would be anti-dilutive
Antidilutive securities			37,014,620	2,121,629	13,836,637	1,235,447
Net Loss Per Common Share
Net Loss Attributable to Common Shareholders	$ (8,921,084)	$ (4,246,802)	$ (12,085,571)	$ (7,118,685)	$ (15,758,191)	$ (13,965,019)
Weighted average common shares outstanding	24,464,979	6,536,602	21,627,532	6,328,419	11,337,482	3,897,081
Net Loss Per Common Share - basic and diluted	$ (0.36)	$ (0.65)	$ (0.56)	$ (1.12)	$ (1.39)	$ (3.58)
Convertible Preferred Stock.
Potential common shares excluded from calculation of diluted loss per share because their effect would be anti-dilutive
Antidilutive securities			10,057,119		2,229,702
Stock options
Potential common shares excluded from calculation of diluted loss per share because their effect would be anti-dilutive
Antidilutive securities			2,723,250	862,167	2,703,587	827,543
Common Stock Warrants
Potential common shares excluded from calculation of diluted loss per share because their effect would be anti-dilutive
Antidilutive securities			24,234,251	1,259,462	8,903,348	407,904

Note Receivable (Details)103

Note Receivable (Details) - USD ($)	Jun. 30, 2015	Feb. 28, 2015	Dec. 31, 2014
Note Receivable
Note receivable, interest rate	5.00%		5.00%
Note receivable, face amount	$ 501,000		$ 501,000
Note receivable allowance as a percentage of outstanding balance	100.00%		100.00%
Note receivable, default judgment		$ 542,000

Property and Equipment (Deta104

Property and Equipment (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Property and Equipment
Total property and equipment	$ 2,002,157		$ 2,002,157		$ 1,454,865	$ 1,297,865
Less: accumulated depreciation	(1,290,976)		(1,290,976)		(1,158,940)	(944,445)
Net property and equipment	711,181		711,181		295,925	353,420
Depreciation	85,000	$ 132,000	60,000	$ 125,000	214,000	346,000
Computer equipment
Property and Equipment
Total property and equipment	217,866		217,866		216,486	208,593
Data center equipment
Property and Equipment
Total property and equipment	954,542		954,542		444,906	405,057
Purchased software
Property and Equipment
Total property and equipment	675,623		675,623		651,016	570,860
Furniture and fixtures
Property and Equipment
Total property and equipment	89,773		89,773		84,433	59,890
Leasehold improvements
Property and Equipment
Total property and equipment	$ 64,353		$ 64,353		$ 58,024	$ 53,465

Accrued Expenses (Details)105

Accrued Expenses (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Accrued Expenses
Accrued compensation	$ 180,971	$ 128,135	$ 122,517
Accrued rent	38,000	36,149	30,596
Accrued sales tax	4,152	37,484
Total accrued expenses	$ 223,123	$ 201,768	$ 153,113

Financing Arrangements - Sum106

Financing Arrangements - Summary of Debt (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Summary of debt outstanding:
Total	$ 4,727,094	$ 4,782,538	$ 7,171,252
Unamortized discount	(20,837)	(145,835)	(67,327)
Total debt, net	4,706,257	4,636,703	7,103,925
Less: current maturities	2,214,257	2,070,217	3,170,672
Long-term portion	2,492,000	2,566,486	3,933,253
Notes Payable to Directors and Affiliates
Summary of debt outstanding:
Total	$ 1,348,000	$ 1,350,000	$ 2,350,000
Convertible Term Loans, due December 2016, interest at 10%
Summary of debt outstanding:
Interest rate (as a percentage)	10.00%	10.00%	10.00%
Total	$ 2,300,000	$ 2,300,000	$ 500,000
Series Subordinated Notes, due December 2015 Stated interest rate of 12%
Summary of debt outstanding:
Interest rate (as a percentage)	12.00%	12.00%	12.00%
Total	$ 499,591	$ 613,808	$ 863,808
Notes Payable, due the earlier of raising $10 million in proceeds from private placements or January 2016, interest between 8.25% and 12%
Summary of debt outstanding:
Proceeds from one or more private placements of debt or equity securities that would trigger the debt instrument to become due	10,000,000	10,000,000
Total	$ 74,486	$ 74,486
Notes Payable, due the earlier of raising $10 million in proceeds from private placements or January 2016, interest between 8.25% and 12% | Minimum
Summary of debt outstanding:
Interest rate (as a percentage)	8.25%	8.25%
Notes Payable, due the earlier of raising $10 million in proceeds from private placements or January 2016, interest between 8.25% and 12% | Maximum
Summary of debt outstanding:
Interest rate (as a percentage)	12.00%	12.00%
Note Payable, due August 2021, interest at 0%
Summary of debt outstanding:
Interest rate (as a percentage)	0.00%	0.00%
Total	$ 192,000	$ 192,000
Installment Note Payable - Bank
Summary of debt outstanding:
Total	$ 313,017	$ 252,244	$ 137,383

Financing Arrangements - Fut107

Financing Arrangements - Future Maturities (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Financing Arrangements
Nine months ending December 31, 2015	$ 2,139,772
2,016	2,374,485	$ 2,374,486
Thereafter	192,000
Total debt, net	$ 4,706,257	$ 4,636,703	$ 7,103,925

Financing Arrangements Detai108

Financing Arrangements Details (Details)	Feb. 03, 2015USD ($)director	Jul. 30, 2014USD ($)director	Jul. 14, 2014USD ($)director$ / sharesshares	Jun. 24, 2014USD ($)director	May. 29, 2014USD ($)	May. 12, 2014	Feb. 12, 2014USD ($)	Jun. 30, 2015USD ($)$ / sharesshares	Apr. 30, 2015USD ($)	Feb. 28, 2015USD ($)	Dec. 31, 2014USD ($)$ / sharesshares	Aug. 31, 2014USD ($)	Jul. 31, 2014USD ($)$ / sharesshares	Jun. 30, 2014USD ($)	May. 31, 2014USD ($)	Mar. 31, 2014USD ($)	Feb. 28, 2014USD ($)shares	Jan. 31, 2014USD ($)$ / sharesshares	Dec. 31, 2013USD ($)$ / sharesshares	Jun. 30, 2015USD ($)$ / sharesshares	Jun. 30, 2015USD ($)$ / sharesshares	Dec. 31, 2014USD ($)director$ / sharesshares	Feb. 28, 2014USD ($)shares	Dec. 31, 2013USD ($)$ / sharesshares	Jun. 30, 2015USD ($)$ / sharesshares	Dec. 31, 2012USD ($)$ / sharesshares	Jun. 18, 2014USD ($)	Jan. 14, 2014$ / sharesshares
Financing Arrangements (Textual)
Preferred Stock, Shares Issued | shares								44,030			2,229,702								0	44,030	44,030	2,229,702		0	44,030
Amount outstanding								$ 4,727,094			$ 4,782,538								$ 7,171,252	$ 4,727,094	$ 4,727,094	$ 4,782,538		$ 7,171,252	$ 4,727,094
Conversion of debt, shares issued | shares													5,139,169					246,867						1,854,638
Accrued interest								$ 182,432			$ 182,184								$ 1,953,502	$ 182,432	$ 182,432	182,184		$ 1,953,502	$ 182,432
Principal amount of debt converted													$ 6,301,241					$ 986,793						6,744,139
Interest expense related to beneficial conversion feature																						1,612,251
Issuance of shares																						$ 5,579,208		$ 1,197,550
Private Placement
Financing Arrangements (Textual)
Exercise price of warrants (in dollars per share) | $ / shares								$ 0.4816												$ 0.4816	$ 0.4816				$ 0.4816
Private Placement | Convertible Preferred Stock Series C
Financing Arrangements (Textual)
Preferred Stock, Shares Issued | shares								44,030												44,030	44,030				44,030
Merger Transaction | DE2
Financing Arrangements (Textual)
Long term debt assumed							$ 85,105
Common Stock Warrants
Financing Arrangements (Textual)
Exercise price of warrants (in dollars per share) | $ / shares											$ 2		$ 1.88									$ 2
Period of warrant								5 years					5 years									5 years
Shares that may be purchased under warrant agreement | shares											2,229,702		3,289,086						232,450			2,229,702		232,450
Price of warrants expressed as a percentage of the initial public offering price, upon conversion of debt													125.00%
Common Stock Warrants | Minimum
Financing Arrangements (Textual)
Exercise price of warrants (in dollars per share) | $ / shares																			$ 4					$ 4
Common Stock Warrants | Maximum
Financing Arrangements (Textual)
Exercise price of warrants (in dollars per share) | $ / shares																			$ 5					$ 5
Prime Rate
Financing Arrangements (Textual)
Variable interest rate at end of period								3.25%			3.25%								3.25%	3.25%	3.25%	3.25%		3.25%	3.25%
Director
Financing Arrangements (Textual)
Exercise price of warrants (in dollars per share) | $ / shares								$ 0.4378												$ 0.4378	$ 0.4378				$ 0.4378
Shares that may be purchased under warrant agreement | shares								913,659												913,659	913,659				913,659
Director | Common Stock Warrants
Financing Arrangements (Textual)
Number of directors | director			2
Exercise price of warrants (in dollars per share) | $ / shares			$ 1.88
Period of warrant			5 years					5 years
Shares that may be purchased under warrant agreement | shares			2,250,000
Price of the warrants issued as part of the debt conversion, expressed as a percentage of the initial public offering price			125.00%
Michael J. Hanson
Financing Arrangements (Textual)
Conversion of debt, shares issued | shares								3,020
Principal amount of debt converted								$ 302,000
Michael J. Hanson | Private Placement
Financing Arrangements (Textual)
Conversion of debt, shares issued | shares								3,020
Short term notes payable | Common Stock Warrants
Financing Arrangements (Textual)
Total borrowings																							$ 3,285,000
Exercise price of warrants (in dollars per share) | $ / shares																		$ 3.60										$ 3.60
Shares that may be purchased under warrant agreement | shares																		821,250										821,250
Short term notes payable | Common Stock Warrants | Minimum
Financing Arrangements (Textual)
Period of warrant																		3 years
Short term notes payable | Common Stock Warrants | Maximum
Financing Arrangements (Textual)
Period of warrant																		5 years
Short term notes payable | Director | Common Stock Warrants
Financing Arrangements (Textual)
Total borrowings																							$ 2,875,000
Shares that may be purchased under warrant agreement | shares																	718,750						718,750
Financial Commitment Letter July 2014 | Michael J. Hanson | Private Placement | Convertible Preferred Stock Series C
Financing Arrangements (Textual)
Conversion of debt, shares issued | shares																				1,020
Financial Commitment Letter July 2014 | Michael J. Hanson | Common Stock Warrants | Private Placement
Financing Arrangements (Textual)
Exercise price of warrants (in dollars per share) | $ / shares								$ 0.4816												$ 0.4816	$ 0.4816				$ 0.4816
Period of warrant										5 years										5 years
Shares that may be purchased under warrant agreement | shares								232,983												232,983	232,983				232,983
Line of credit | Director
Financing Arrangements (Textual)
Amount outstanding								$ 1,100,000			$ 1,100,000									$ 1,100,000	$ 1,100,000	$ 1,100,000			$ 1,100,000
Line of credit | Michael J. Hanson | Conversion terms if IPO is completed on or before July 31, 2014
Financing Arrangements (Textual)
Amount outstanding, including accrued interest								500,000												500,000	500,000				500,000
Notes payable to bank
Financing Arrangements (Textual)
Principal amount of debt, modification of terms																					313,000	252,000
Increase in amount of installment note payable									$ 113,000
Notes Payable to Directors and Affiliates
Financing Arrangements (Textual)
Amount outstanding								$ 1,348,000			$ 1,350,000								$ 2,350,000	$ 1,348,000	$ 1,348,000	1,350,000		$ 2,350,000	$ 1,348,000
Notes Payable to Directors and Affiliates | Convertible Preferred Stock Series C
Financing Arrangements (Textual)
Preferred Stock, Shares Issued | shares								4,000												4,000	4,000				4,000
Notes Payable to Directors and Affiliates | Private Placement | Convertible Preferred Stock Series C
Financing Arrangements (Textual)
Exercise price of warrants (in dollars per share) | $ / shares								$ 0.4378												$ 0.4378	$ 0.4378				$ 0.4378
Period of warrant								5 years
Notes Payable to Directors and Affiliates | Common Stock Warrants | Private Placement
Financing Arrangements (Textual)
Shares that may be purchased under warrant agreement | shares								232,983												232,983	232,983				232,983
Notes Payable to Directors and Affiliates | Michael J. Hanson | Private Placement | Convertible Preferred Stock Series C
Financing Arrangements (Textual)
Conversion of debt, shares issued | shares								1,020
Notes Payable to Directors and Affiliates | Related Party Loan Six | Director
Financing Arrangements (Textual)
Total borrowings																						$ 3,690,000			$ 4,425,000
Number of directors | director																						3
Notes Payable to Directors and Affiliates | Short term notes payable | Directors and Affiliates
Financing Arrangements (Textual)
Interest rate (as a percentage)			10.00%
Conversion of debt, shares issued | shares			2,982,611
Principal amount of debt converted			$ 3,375,000
Accrued interest on debt converted			204,134
Notes Payable to Directors and Affiliates | Tranche One | Related Party Loan Six | Director
Financing Arrangements (Textual)
Total borrowings																						$ 1,925,000			$ 400,000
Notes Payable to Directors and Affiliates | Letter Agreement
Financing Arrangements (Textual)
Borrowings during period														$ 450,000
Notes Payable to Directors and Affiliates | Notes payable | Related Party Loan Six | Director
Financing Arrangements (Textual)
Interest rate (as a percentage)								10.00%			10.00%									10.00%	10.00%	10.00%			10.00%
Notes Payable to Directors and Affiliates | Notes payable | Letter Agreement | Director
Financing Arrangements (Textual)
Number of directors | director				2
Interest rate (as a percentage)				10.00%
Amount of debt convertible upon completion of IPO				$ 900,000
Notes Payable to Directors and Affiliates | Line of credit
Financing Arrangements (Textual)
Borrowings during period																					$ 350,000
Notes Payable to Directors and Affiliates | Line of credit | Directors and Affiliates
Financing Arrangements (Textual)
Amount outstanding								$ 1,000,000			$ 1,000,000									$ 1,000,000	1,000,000	$ 1,000,000			$ 1,000,000
Accrued interest								121,562			$ 62,315									121,562	121,562	62,315			121,562
Beneficial conversion feature			250,000																		21,000	146,000
Amortization expense																						$ 104,165
Notes Payable to Directors and Affiliates | Line of credit | Director | Private Placement
Financing Arrangements (Textual)
Number of directors | director	1
Principal amount of debt converted	$ 250,000
Notes Payable to Directors and Affiliates | Line of credit | Michael J. Hanson | Private Placement
Financing Arrangements (Textual)
Principal balance owned								102,000
Notes Payable to Directors and Affiliates | Line of credit | Related Party Loan Six | Director
Financing Arrangements (Textual)
Number of directors | director																						1
Interest rate (as a percentage)											10.00%											10.00%
Maximum borrowing capacity								1,000,000			$ 1,500,000									1,000,000	1,000,000	$ 1,500,000			1,000,000
Amount outstanding														$ 1,500,000
Notes Payable to Directors and Affiliates | Line of credit | Related Party Loan Six | Director | Conversion terms if IPO is completed on or before July 31, 2014
Financing Arrangements (Textual)
Discount on conversion price, expressed as a percentage at which the shares of the Company's stock are sold in the offering											20.00%											20.00%
Notes Payable to Directors and Affiliates | Line of credit | Short term notes payable
Financing Arrangements (Textual)
Amortization expense																				62,000	125,000
Notes Payable to Directors and Affiliates | Line of credit | Letter Agreement | Director
Financing Arrangements (Textual)
Interest rate (as a percentage)				10.00%
Amount outstanding			$ 1,500,000
Conversion of debt, shares issued | shares			416,667
Principal amount of debt converted			$ 500,000
Amount of debt convertible upon completion of IPO				$ 500,000
Proceeds from one or more private placements of debt or equity securities that would trigger the debt instrument to become due				$ 10,000,000
Notes Payable to Directors and Affiliates | Line of credit | Letter Agreement | Director | Common Stock Warrants
Financing Arrangements (Textual)
Exercise price of warrants (in dollars per share) | $ / shares			$ 1.88
Period of warrant			5 years
Shares that may be purchased under warrant agreement | shares			333,333
Price of the warrants issued as part of the debt conversion, expressed as a percentage of the initial public offering price			125.00%
Notes Payable to Directors and Affiliates | Line of credit | Financial Commitment Letter July 2014 | Director
Financing Arrangements (Textual)
Total borrowings																					350,000
Number of directors | director		2
Interest rate (as a percentage)		10.00%								10.00%
Amount outstanding, including accrued interest								381,000			$ 359,466									381,000	381,000	$ 359,466			381,000
Amount outstanding								348,000			350,000									348,000	348,000	350,000			348,000
Accrued interest								$ 32,588			$ 9,465									32,588	$ 32,588	$ 9,465			$ 32,588
Maximum borrowing capacity under financing agreement		$ 2,500,000
Default interest rate (as a percentage)		18.00%
Principal amount of debt, maturity date extended										$ 450,000
Notes Payable to Directors and Affiliates | Line of credit | Financial Commitment Letter July 2014 | Michael J. Hanson | Private Placement
Financing Arrangements (Textual)
Principal amount of debt converted										$ 250,000
Principal balance owned																				$ 102,000
Notes Payable to Directors and Affiliates | Convertible notes payable | Related Party Loan Six | Director
Financing Arrangements (Textual)
Conversion of debt, shares issued | shares			226,468
Principal amount of debt converted			$ 265,000
Accrued interest on debt converted			6,763
Convertible Term Loans, due December 2016, interest at 10%
Financing Arrangements (Textual)
Interest rate (as a percentage)								10.00%			10.00%								10.00%	10.00%	10.00%	10.00%		10.00%	10.00%
Borrowings during period					$ 1,950,000
Amount outstanding								$ 2,300,000			$ 2,300,000								$ 500,000	$ 2,300,000	$ 2,300,000	$ 2,300,000		$ 500,000	$ 2,300,000
Convertible Term Loans, due December 2016, interest at 10% | Convertible notes payable
Financing Arrangements (Textual)
Interest rate (as a percentage)																			10.00%					10.00%
Amount outstanding, including accrued interest																			$ 502,603					$ 502,603
Borrowings during period																						3,300,000
Amount outstanding			$ 2,300,000					2,300,000			2,300,000									2,300,000	2,300,000	2,300,000			2,300,000		$ 3,250,000
Conversion of debt, shares issued | shares			980,213
Accrued interest								$ 254,329			$ 140,275									$ 254,329	254,329	140,275			$ 254,329
Beneficial conversion feature			$ 894,444																			0
Maximum borrowing capacity under financing agreement																			4,000,000					4,000,000
Principal amount of debt converted			1,000,000
Maximum additional borrowing capacity																			$ 4,000,000
Amount of debt convertible upon completion of IPO																											$ 1,000,000
Accrued interest on debt converted			$ 58,630
Interest expense related to beneficial conversion feature																					$ 894,444	$ 894,444
Convertible Term Loans, due December 2016, interest at 10% | Convertible notes payable | Minimum
Financing Arrangements (Textual)
Increase in interest rate due to default (as a percentage)																			2.00%
Convertible Term Loans, due December 2016, interest at 10% | Convertible notes payable | Maximum
Financing Arrangements (Textual)
Increase in interest rate due to default (as a percentage)																			4.00%
Convertible Term Loans, due December 2016, interest at 10% | Convertible notes payable | Common Stock Warrants
Financing Arrangements (Textual)
Exercise price of warrants (in dollars per share) | $ / shares			$ 1.875
Period of warrant			5 years
Shares that may be purchased under warrant agreement | shares			705,753
Price of the warrants issued as part of the debt conversion, expressed as a percentage of the initial public offering price			125.00%
Convertible Term Loans, due December 2016, interest at 10% | Convertible notes payable | Amendment,, first conversion right
Financing Arrangements (Textual)
Debt conversion rate expressed as a percentage of the price based on the terms offered in the Convertible Subordinated Note, due June 2015						90.00%
Conversion right extension period following closing date of IPO						120 days
Price of warrants expressed as a percentage of the initial public offering price, upon conversion of debt						125.00%
Percentage warrant coverage awarded upon conversion of the debt						100.00%
Convertible Term Loans, due December 2016, interest at 10% | Convertible notes payable | Amendment, second conversion right
Financing Arrangements (Textual)
Debt conversion rate, expressed as a percentage of the per share price of the securities offered in the financing transaction (as a percentage)						125.00%
Percentage warrant coverage awarded upon conversion of the debt						100.00%
Series Subordinated Notes, due December 2015 Stated interest rate of 12%
Financing Arrangements (Textual)
Total borrowings																								$ 430,000		$ 7,800,000
Interest rate (as a percentage)								12.00%			12.00%								12.00%	12.00%	12.00%	12.00%		12.00%	12.00%
Amount outstanding								$ 499,591			$ 613,808								$ 863,808	$ 499,591	$ 499,591	$ 613,808		$ 863,808	$ 499,591
Conversion of debt, shares issued | shares																		225,162
Accrued interest											100,745								$ 104,096			100,745		$ 104,096
Principal amount of debt converted																		$ 250,000
Principal and accrued interest reclassified																					499,592	613,808
Accrued interest on debt converted																		650,647
Monthly installment amount											50,000
Series Subordinated Notes, due December 2015 Stated interest rate of 12% | Common Stock Warrants
Financing Arrangements (Textual)
Exercise price of warrants (in dollars per share) | $ / shares																										$ 4
Shares that may be purchased under warrant agreement | shares																			35,688					35,688		780,000
Notes Payable, due the earlier of raising $10 million in proceeds from private placements or January 2016, interest between 8.25% and 12%
Financing Arrangements (Textual)
Amount outstanding								$ 74,486			$ 74,486									$ 74,486	74,486	74,486			$ 74,486
Proceeds from one or more private placements of debt or equity securities that would trigger the debt instrument to become due																					$ 10,000,000	$ 10,000,000
Notes Payable, due the earlier of raising $10 million in proceeds from private placements or January 2016, interest between 8.25% and 12% | Minimum
Financing Arrangements (Textual)
Interest rate (as a percentage)								8.25%			8.25%									8.25%	8.25%	8.25%			8.25%
Notes Payable, due the earlier of raising $10 million in proceeds from private placements or January 2016, interest between 8.25% and 12% | Maximum
Financing Arrangements (Textual)
Interest rate (as a percentage)								12.00%			12.00%									12.00%	12.00%	12.00%			12.00%
Notes Payable, due the earlier of raising $10 million in proceeds from private placements or January 2016, interest between 8.25% and 12% | Merger Transaction | DE2
Financing Arrangements (Textual)
Long term debt assumed																		$ 74,486
Proceeds from one or more private placements of debt or equity securities that would trigger the debt instrument to become due																	$ 10,000,000
Note Payable, due August 2021, interest at 0%
Financing Arrangements (Textual)
Interest rate (as a percentage)								0.00%			0.00%									0.00%	0.00%	0.00%			0.00%
Amount outstanding								$ 192,000			$ 192,000									$ 192,000	$ 192,000	$ 192,000			$ 192,000
Note Payable, due August 2021, interest at 0% | Notes payable
Financing Arrangements (Textual)
Interest rate (as a percentage)												0.00%
Default interest rate (as a percentage)												20.00%
Borrowings												$ 192,000
Debt premium immediately due if the Company transfers more than a majority of its ownership, expressed as a percentage of the principal balance												30.00%
Default period to trigger increase in interest rate												30 days
Installment Note Payable - Bank
Financing Arrangements (Textual)
Amount outstanding								$ 313,017			$ 252,244								$ 137,383	$ 313,017	$ 313,017	$ 252,244		$ 137,383	$ 313,017
Installment Note Payable - Bank | Notes payable to bank
Financing Arrangements (Textual)
Monthly installment amount																$ 9,903
Borrowings																$ 330,020
Installment Note Payable - Bank | Notes payable to bank | Minimum
Financing Arrangements (Textual)
Minimum interest rate (as a percentage)																5.00%
Installment Note Payable - Bank | Notes payable to bank | Prime Rate
Financing Arrangements (Textual)
Basis spread on variable rate																1.00%
Installment Note Payable To Bank April 2015 | Notes payable
Financing Arrangements (Textual)
Borrowings									330,000
Installment Note Payable To Bank April 2015 | Notes payable to bank
Financing Arrangements (Textual)
Monthly installment amount									$ 9,903
Installment Note Payable To Bank April 2015 | Notes payable to bank | Minimum
Financing Arrangements (Textual)
Minimum interest rate (as a percentage)									5.00%
Installment Note Payable To Bank April 2015 | Notes payable to bank | Prime Rate
Financing Arrangements (Textual)
Basis spread on variable rate									1.00%
Installment Note Payable to Bank March 2014 | Notes payable to bank
Financing Arrangements (Textual)
Monthly installment amount																$ 9,903
Borrowings									$ 216,000							$ 330,020
Installment Note Payable to Bank March 2014 | Notes payable to bank | Minimum
Financing Arrangements (Textual)
Minimum interest rate (as a percentage)																5.00%
Installment Note Payable to Bank March 2014 | Notes payable to bank | Prime Rate
Financing Arrangements (Textual)
Basis spread on variable rate																1.00%
Convertible Notes, due March 2015, interest at 10%
Financing Arrangements (Textual)
Interest rate (as a percentage)																			10.00%					10.00%
Amount outstanding																			$ 575,000					$ 575,000
Convertible Notes, due March 2015, interest at 10% | Convertible notes payable
Financing Arrangements (Textual)
Interest rate (as a percentage)																			10.00%					10.00%
Amount outstanding			$ 225,000
Conversion of debt, shares issued | shares			177,786
Principal amount of debt converted			$ 225,000
Principal and accrued interest reclassified															$ 356,616
Accrued interest on debt converted			$ 15,015
Borrowings																			$ 575,000					$ 575,000
Principal amount of debt, modification of terms															$ 350,000
Convertible Notes, due March 2015, interest at 10% | Convertible notes payable | Tranche One
Financing Arrangements (Textual)
Exercise price of warrants (in dollars per share) | $ / shares																			$ 4					$ 4
Shares that may be purchased under warrant agreement | shares																			87,500					87,500
Borrowings																			$ 350,000					$ 350,000

Commitments and Contingencie109

Commitments and Contingencies - Operating Leases (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015USD ($)ft²	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)ft²	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)ft²	Dec. 31, 2013USD ($)
Commitments and Contingencies
Rent expense | $	$ 125,742	$ 74,526	$ 252,720	$ 135,577	$ 441,148	$ 383,807
Chanhassen office lease
Commitments and Contingencies
Area of office space	22,000		22,000		22,000
Dallas office lease
Commitments and Contingencies
Area of office space	1,812		1,812		1,812
Various computer leases
Commitments and Contingencies
Operating lease term			3 years		3 years

Commitments and Contingencie110

Commitments and Contingencies - Minimum Lease Commitments and Other (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Minimum Lease Commitments
Nine months ending December 31, 2015	$ 224,229
2,016	288,079	$ 260,000
2,017	65,361	43,000
2,018	8,347
2,019	657
Minimum lease commitments total	$ 586,673	$ 677,000

Commitments and Contingencie111

Commitments and Contingencies - Capital Lease Obligations (Details) - Jun. 30, 2015 - USD ($)	Total	Total
Capital Leases
Amortization expense	$ 30,000	$ 30,000
Future lease payments under the capital lease obligations
Six Months Ending December 31, 2015	171,473	171,473
2,016	369,796	369,796
2,017	287,893	287,893
2,018	15,564	15,564
Total payments	844,726	844,726
Less: portion representing interest	56,104	56,104
Principal portion	788,622	788,622
Less: current portion	(321,686)	(321,686)
Long-term portion	466,936	466,936
Future maturities of capital lease obligations
Six Months Ending December 31, 2015	151,332	151,332
2,016	341,114	341,114
2,017	280,709	280,709
2,018	15,467	15,467
Total	$ 788,622	788,622
Capital Lease Obligations
Capital Leases
Monthly payment		$ 10,759
Capital Lease Obligations | Director
Capital Leases
Capital lease, inputed interest rate (as percent)	7.30%	7.30%
Property and Equipment
Capital Leases
Total cost	$ 584,000	$ 584,000

Commitments and Contingencie112

Commitments and Contingencies - Guarantee and Financial Service Agreements (Details) - USD ($)	Aug. 08, 2014	Jul. 14, 2014	Jun. 30, 2015	Feb. 28, 2015	Jan. 31, 2015	Jul. 31, 2014	Dec. 31, 2014	Dec. 31, 2013
Financial Services Agreements
Investment advisory compensation, expressed as a percentage of funds raised	8.00%		5.00%		7.00%
Warrants issued equal to percentage of shares issued as part of a private equity offering	3.00%				7.00%
Price of warrants expressed as a percentage of the price of securities sold as part of a private equity offering per the terms of the financial advisory services agreement					120.00%
Term of investment advisory services agreement	6 months				6 months
Equity offering per terms investment advisory services agreement					$ 15,000,000
Investment advisory service, term of warrant					5 years
Warrants issued equal to percentage of common stock issuable upon convertible preferred stock			7.00%
Common Stock Warrants
Guarantee
Period of warrant			5 years			5 years	5 years
Shares that may be purchased under warrant agreement						3,289,086	2,229,702	232,450
Exercise price of warrants (in dollars per share)						$ 1.88	$ 2
Director
Guarantee
Shares that may be purchased under warrant agreement			913,659
Exercise price of warrants (in dollars per share)			$ 0.4378
Director | Common Stock Warrants
Guarantee
Period of warrant		5 years	5 years
Shares that may be purchased under warrant agreement		2,250,000
Exercise price of warrants (in dollars per share)		$ 1.88
James L. Davis
Guarantee
Personal guarantee			$ 242,000
James L. Davis | Common Stock Warrants
Guarantee
Period of warrant			5 years
Percentage vested and exercisable upon issuance			100.00%
James L. Davis | Common Stock
Guarantee
Shares that may be purchased under warrant agreement			241,900
Exercise price of warrants (in dollars per share)			$ 0.44
Guarantee of Lease by Director
Guarantee
Lease financing agreement term				3 years
Maximum borrowing capacity under lease financing agreement				$ 500,000
Guarantee of Lease by Director | Director | Common Stock Warrants
Guarantee
Lease financing agreement term			2 years	3 years
Period of warrant			5 years	5 years
Shares that may be purchased under warrant agreement			241,900	407,614
Exercise price of warrants (in dollars per share)			$ 0.44	$ 1.15
Percentage vested and exercisable upon issuance				100.00%

Income Taxes - (Details)113

Income Taxes - (Details) - USD ($)	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Income Taxes
Income tax expense (benefit)	$ 0
Uncertain tax positions	$ 0	$ 0

Acquisition - Aggregate Purc114

Acquisition - Aggregate Purchase Price (Details) - USD ($)	Mar. 04, 2014	May. 31, 2014	Jun. 30, 2014	Dec. 31, 2014	Jul. 31, 2014
Acquisition
Cash paid for acquisition			$ 1,375,000	$ 2,125,000
Payment Arrangement One
Acquisition
Contingent consideration liability					$ 375,000
Payment Arrangement Two
Acquisition
Contingent consideration payments		$ 250,000
DeviceFidelity
Acquisition
Cash paid for acquisition	$ 1,125,000
Maximum amount of contingent consideration to be paid	1,000,000
DeviceFidelity | Maximum
Acquisition
Aggregate purchase price	2,125,000
DeviceFidelity | Payment Arrangement One
Acquisition
Maximum amount of contingent consideration to be paid	375,000
DeviceFidelity | Payment Arrangement Two
Acquisition
Maximum amount of contingent consideration to be paid	250,000
DeviceFidelity | Payment Arrangement Three
Acquisition
Maximum amount of contingent consideration to be paid	$ 375,000

Acquisition - Purchase Price115

Acquisition - Purchase Price Allocation (Details) - USD ($)	Mar. 04, 2014	Jun. 30, 2014	Dec. 31, 2014	Jun. 30, 2015
Purchase Price:
Cash paid		$ 1,375,000	$ 2,125,000
Fair Value of Assets Acquired and Liabilities Assumed
Goodwill			$ 204,000	$ 204,000
DeviceFidelity
Purchase Price:
Cash paid	$ 1,125,000
Maximum amount of contingent consideration to be paid	1,000,000
Fair Value of Assets Acquired and Liabilities Assumed
Property and equipment, net	4,000
Total assets acquired in excess of liabilities assumed	1,921,000
Goodwill	204,000
Total purchase price	2,125,000
DeviceFidelity | Maximum
Purchase Price:
Aggregate purchase price	2,125,000
DeviceFidelity | Customer Contracts
Fair Value of Assets Acquired and Liabilities Assumed
Identifiable intangible assets acquired:	1,000,000
DeviceFidelity | Proprietary Software
Fair Value of Assets Acquired and Liabilities Assumed
Identifiable intangible assets acquired:	$ 917,000

Acquisition - Pro Forma Info116

Acquisition - Pro Forma Information (Details) - DeviceFidelity - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Pro forma information
Revenues	$ 1,001,251	$ 608,917	$ 2,006,690	$ 1,107,433	$ 2,670,142	$ 2,108,727
Net Loss	$ (8,887,306)	$ (4,246,802)	$ (12,051,793)	$ (7,852,576)	$ (16,443,673)	$ (15,144,439)
Basic and diluted net loss per common share	$ (0.36)	$ (0.65)	$ (0.56)	$ (1.22)	$ (1.43)	$ (3.54)
Weighted average shares - basic and diluted	24,464,979	6,536,602	21,627,532	6,451,619	11,477,666	4,279,890

Goodwill and Finite Life Int117

Goodwill and Finite Life Intangible Assets - Goodwill and Intangible Assets (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)item	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)item
Finite-Lived Intangible Assets [Line Items]
Gross Assets	$ 1,917,000		$ 1,917,000		$ 1,917,000
Accumulated Amortization	(774,497)		(774,497)		(479,999)
Net Assets	1,142,503		1,142,503		1,437,001
Amortization expense	147,249	$ 131,997	$ 294,498	$ 173,249	$ 479,999
Number or reporting units tested for goodwill impairment | item			1		1
Goodwill	204,000		$ 204,000		$ 204,000
Customer Contracts
Finite-Lived Intangible Assets [Line Items]
Gross Assets	1,000,000		1,000,000		1,000,000
Accumulated Amortization	(368,535)		(368,535)		(226,869)
Net Assets	631,465		631,465		773,131
Amortization expense	70,833	55,581	$ 141,666	74,222	$ 226,869
Proprietary Software
Finite-Lived Intangible Assets [Line Items]
Amortizable Period (years)			3 years		3 years
Gross Assets	917,000		$ 917,000		$ 917,000
Accumulated Amortization	(405,962)		(405,962)		(253,130)
Net Assets	511,038		511,038		663,870
Amortization expense	$ 76,416	$ 76,416	$ 152,832	$ 99,027	$ 253,130
Maximum | Customer Contracts
Finite-Lived Intangible Assets [Line Items]
Amortizable Period (years)			5 years		5 years
Minimum | Customer Contracts
Finite-Lived Intangible Assets [Line Items]
Amortizable Period (years)			3 years		3 years

Goodwill and Finite Life Int118

Goodwill and Finite Life Intangibles Assets - Future Amortization Expense (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Goodwill and Finite Life Intangibles Assets
Nine Months Ending December 31, 2015	$ 294,501
2,016	589,000	$ 589,000
2,017	170,000	170,000
2,018	75,000	75,000
2,019	14,002	14,001
Net Assets	$ 1,142,503	$ 1,437,001

Shareholders' Equity - Rever119

Shareholders' Equity - Reverse Merger (Details)	Mar. 18, 2014$ / sharesshares	Feb. 12, 2014USD ($)	Dec. 31, 2014USD ($)$ / sharesshares	Jun. 30, 2015USD ($)$ / sharesshares	Mar. 17, 2014$ / sharesshares	Dec. 31, 2013USD ($)$ / sharesshares
Reverse Merger
Total assets			$ 3,010,743	$ 4,710,891		$ 1,593,327
Shares authorized, common | shares	500,000,000		500,000,000	500,000,000	22,500,000	500,000,000
Par value, common (in dollars per share) | $ / shares	$ 0.0001		$ 0.0001	$ 0.0001	$ 0.01	$ 0.0001
Shares authorized, preferred | shares	20,000,000		20,000,000	20,000,000	2,500,000	20,000,000
Merger Transaction
Reverse Merger
Shares authorized, common | shares	500,000,000
Par value, common (in dollars per share) | $ / shares	$ 0.0001
Shares authorized, preferred | shares	20,000,000
Merger Transaction | DE2
Reverse Merger
Ownership interest		3.00%
Fair value of estimated consideration		$ 507,000
Long term debt assumed		85,105
Recognized identifiable assets acquired		0
Exchange ratio	0.09129752
DE2
Reverse Merger
Total assets		$ 0
DE2 | Merger Transaction
Reverse Merger
Period for additional share purchase by DE2 shareholders, first period		30 days
Period for additional share purchase by DE2 shareholders, second period		120 days
Fully diluted ownership interest threshold (as a percent)		3.00%
Additional shares issued, period one | shares			0
DE2 | Merger Transaction | Common Stock
Reverse Merger
Number of shares of acquirer common stock issued per share of acquiree's common stock		10.9532

Shareholders' Equity - Conve120

Shareholders' Equity - Convertible Preferred Stock (Details) - USD ($)	Feb. 03, 2015	Jul. 14, 2014	Jun. 30, 2015	Feb. 28, 2015	Jul. 31, 2014	Jan. 31, 2014	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Shareholders' Equity
Proceeds from issuance of convertible preferred stock and warrants									$ 2,200,000	$ 3,000,000
Convertible preferred stock, shares issued			44,030				44,030		44,030	2,229,702	0
Convertible preferred stock, par value			$ 0.0001				$ 0.0001		$ 0.0001	$ 0.0001	$ 0.0001
Conversion of debt, shares issued					5,139,169	246,867					1,854,638
Debt converted					$ 6,301,241	$ 986,793					$ 6,744,139
Private Placement
Shareholders' Equity
Exercise price of warrants (in dollars per share)			$ 0.4816				$ 0.4816		$ 0.4816
Proceeds from issuance of convertible preferred stock and warrants										$ 3,000,000
Total (Cash and non-cash) gross proceeds			$ 4,403,000
Gross proceeds in the form of cash			$ 2,951,000
Private Placement | Notes Payable to Directors and Affiliates
Shareholders' Equity
Promissory notes term			150 days
Gross proceeds in the form of promissory notes			$ 950,000
Director
Shareholders' Equity
Shares that may be purchased under warrant agreement			913,659				913,659		913,659
Exercise price of warrants (in dollars per share)			$ 0.4378				$ 0.4378		$ 0.4378
Director | Private Placement
Shareholders' Equity
Cancellation of debt, amount									$ 250,000
Michael J. Hanson
Shareholders' Equity
Conversion of debt, shares issued			3,020
Debt converted			$ 302,000
Michael J. Hanson | Private Placement
Shareholders' Equity
Conversion of debt, shares issued			3,020
James L. Davis
Shareholders' Equity
Conversion of debt, shares issued			2,000
Debt converted			$ 200,000
James L. Davis | Private Placement
Shareholders' Equity
Conversion of debt, shares issued			2,000
Common Stock Warrants
Shareholders' Equity
Period of warrant			5 years		5 years					5 years
Shares that may be purchased under warrant agreement					3,289,086					2,229,702	232,450
Exercise price of warrants (in dollars per share)					$ 1.88					$ 2
Adjusted exercise price of warrants (in dollars per share)			$ 0.45				$ 0.45		$ 0.45
Common Stock Warrants | Private Placement | Notes Payable to Directors and Affiliates
Shareholders' Equity
Shares that may be purchased under warrant agreement			232,983				232,983		232,983
Common Stock Warrants | Director
Shareholders' Equity
Period of warrant		5 years	5 years
Shares that may be purchased under warrant agreement		2,250,000
Exercise price of warrants (in dollars per share)		$ 1.88
Common Stock Warrants | James L. Davis
Shareholders' Equity
Period of warrant			5 years
Common Stock Purchase Warrants Issued In Connection With Issuance Of Series A Convertible Preferred Stock
Shareholders' Equity
Period of warrant									5 years
Shares that may be purchased under warrant agreement			9,000				9,000		9,000
Exercise price of warrants (in dollars per share)	$ 2		$ 2				$ 2		$ 2
Adjusted exercise price of warrants (in dollars per share)	0.4816		$ 0.4816				$ 0.4816		$ 0.4816
Common Stock Purchase Warrants Issued In Connection With Issuance Of Series A Convertible Preferred Stock | Private Placement
Shareholders' Equity
Period of warrant								5 years		5 years
Shares that may be purchased under warrant agreement								9,000		2,229,702
Exercise price of warrants (in dollars per share)								$ 2		$ 2
Adjusted exercise price of warrants (in dollars per share)								$ 0.4816		$ 1.15
Common Stock Purchase Warrants Issued in Connection With Issuance of Series B Convertible Preferred Stock
Shareholders' Equity
Period of warrant									5 years
Shares that may be purchased under warrant agreement			2,065,891				2,065,891		2,065,891
Common Stock Purchase Warrants Issued in Connection With Issuance of Series B Convertible Preferred Stock | Private Placement
Shareholders' Equity
Period of warrant								5 years
Shares that may be purchased under warrant agreement								2,065,891
Exercise price of warrants (in dollars per share)								$ 1.15
Adjusted exercise price of warrants (in dollars per share)								$ 0.4816
Proceeds from issuance of convertible preferred stock and warrants									$ 2,200,000
Common Stock Purchase Warrants Issued In Connection With Issuance Of Series C Convertible Preferred Stock
Shareholders' Equity
Exercise price of warrants (in dollars per share)			$ 1.15				$ 1.15		$ 1.15
Adjusted exercise price of warrants (in dollars per share)			0.4816				0.4816		0.4816
Adjusted conversion price (in dollars per share)			$ 0.4816				$ 0.4816		$ 0.4816
Common Stock Purchase Warrants Issued In Connection With Issuance Of Series C Convertible Preferred Stock | Private Placement
Shareholders' Equity
Period of warrant			5 years
Shares that may be purchased under warrant agreement			10,057,119				10,057,119		10,057,119
Exercise price of warrants (in dollars per share)			$ 0.4816				$ 0.4816		$ 0.4816
Common Stock
Shareholders' Equity
Share price (in dollars per share)											$ 4
Issuance of shares (in shares)				74,765						4,542,782	319,000
Common Stock | James L. Davis
Shareholders' Equity
Shares that may be purchased under warrant agreement			241,900				241,900		241,900
Exercise price of warrants (in dollars per share)			$ 0.44				$ 0.44		$ 0.44
Common Stock | Conversion of Series A Preferred Shares
Shareholders' Equity
Conversion of stock, shares issued (in shares)				2,920,039
Common Stock | Conversion of Series B Preferred Shares
Shareholders' Equity
Conversion of stock, shares issued (in shares)				2,065,891
Convertible Preferred Stock.
Shareholders' Equity
Minimum aggregate financing required after closing for full ratchet									$ 5,000,000
Convertible Preferred Stock Series A
Shareholders' Equity
Share price (in dollars per share)			1.50				1.50		$ 1.50	$ 1.50
Issuance of shares (in shares)									9,000	2,229,702
Divident rate ( as a percentage)									8.00%
Conversion price (in dollars per share)	1.50
Adjusted conversion price (in dollars per share)	1.15
Period from closing, full ratchet									180 days
Minimum aggregate financing required after closing for full ratchet									$ 5,000,000
Convertible Preferred Stock Series A | Private Placement
Shareholders' Equity
Issuance of convertible preferred stock (in shares)								9,000		2,229,702
Share price (in dollars per share)								$ 1.50		$ 1.50
Convertible Preferred Stock Series A | Conversion of Series A Preferred Shares
Shareholders' Equity
Conversion of stock, shares converted (in shares)				2,238,702
Convertible Preferred Stock Series B
Shareholders' Equity
Share price (in dollars per share)	$ 1.15		1.15				$ 1.15		$ 1.15
Issuance of shares (in shares)									2,065,891
Divident rate ( as a percentage)									8.00%
Convertible Preferred Stock Series B | Private Placement
Shareholders' Equity
Issuance of convertible preferred stock (in shares)								2,065,891
Share price (in dollars per share)								$ 1.15
Convertible Preferred Stock Series B | Director | Private Placement
Shareholders' Equity
Conversion of debt, shares issued	217,391
Convertible Preferred Stock Series B | Conversion of Series B Preferred Shares
Shareholders' Equity
Conversion of stock, shares converted (in shares)				2,065,891
Convertible Preferred Stock Series C
Shareholders' Equity
Divident rate ( as a percentage)							10.00%
Conversion price (in dollars per share)			$ 0.4378				$ 0.4378		$ 0.4378
Gross Proceeds from offering							$ 10,000,000
Preferred Stock Convertible Threshold Percentage Of Stock Price Trigger							100.00%
Conversion trading days							40 days
Conversion consecutive trading days							60 days
Preferred Stock Convertible Threshold Number Of Years							4 years
Percentage of holders of preferred stock							50.00%
Convertible Preferred Stock Series C | Notes Payable to Directors and Affiliates
Shareholders' Equity
Convertible preferred stock, shares issued			4,000				4,000		4,000
Convertible Preferred Stock Series C | Private Placement
Shareholders' Equity
Convertible preferred stock, shares issued			44,030				44,030		44,030
Convertible preferred stock, par value			$ 100				$ 100		$ 100
Convertible Preferred Stock Series C | Private Placement | Notes Payable to Directors and Affiliates
Shareholders' Equity
Period of warrant			5 years
Exercise price of warrants (in dollars per share)			$ 0.4378				$ 0.4378		$ 0.4378
Convertible Preferred Stock Series C | Michael J. Hanson | Private Placement | Notes Payable to Directors and Affiliates
Shareholders' Equity
Conversion of debt, shares issued			1,020
Convertible Preferred Stock Series C | Common Stock Purchase Warrants Issued In Connection With Issuance Of Series C Convertible Preferred Stock
Shareholders' Equity
Period of warrant									5 years
Shares that may be purchased under warrant agreement			10,057,119				10,057,119		10,057,119
Exercise price of warrants (in dollars per share)			$ 0.4816				$ 0.4816		$ 0.4816
Convertible preferred stock, shares issued			44,030				44,030		44,030

Shareholders' Equity - Commo121

Shareholders' Equity - Common Stock and Warrants (Details)	Feb. 03, 2015$ / sharesshares	Jul. 14, 2014$ / sharesshares	Jun. 30, 2015USD ($)$ / sharesshares	Feb. 28, 2015USD ($)$ / sharesshares	Jan. 31, 2015individual$ / sharesshares	Dec. 31, 2014USD ($)$ / sharesshares	Jul. 31, 2014USD ($)$ / sharesshares	May. 31, 2014$ / sharesshares	Jan. 31, 2014USD ($)$ / sharesshares	Nov. 30, 2013shares	Jun. 30, 2015USD ($)$ / sharesshares	Mar. 31, 2015USD ($)$ / sharesshares	Mar. 27, 2015$ / sharesshares	Jun. 30, 2015USD ($)$ / sharesshares	Jun. 30, 2014USD ($)shares	Dec. 31, 2014USD ($)$ / sharesshares	Feb. 28, 2014USD ($)shares	Dec. 31, 2013USD ($)$ / sharesshares	Apr. 13, 2015$ / shares	Apr. 30, 2014$ / shares	Mar. 18, 2014$ / sharesshares	Mar. 17, 2014$ / sharesshares	Jan. 14, 2014$ / sharesshares
Shareholders' Equity
Debt converted | $							$ 6,301,241		$ 986,793									$ 6,744,139
Conversion of debt into shares (in shares) | shares							5,139,169		246,867									1,854,638
Cancellation of warrants, shares that were available for purchase under warrant agreement (in shares) | shares																		1,948,948
Share price/ conversion adjustment | $														$ 3,704,682				$ 1,710,475
Common stock, shares authorized | shares			500,000,000			500,000,000					500,000,000			500,000,000		500,000,000		500,000,000			500,000,000	22,500,000
Common stock, par value			$ 0.0001			$ 0.0001					$ 0.0001			$ 0.0001		$ 0.0001		$ 0.0001			$ 0.0001	$ 0.01
Adjustment for fair value of warrants | $														$ 2,646,170	$ (100,000)
Convertible preferred stock, shares issued | shares			44,030			2,229,702					44,030			44,030		2,229,702		0
Warrant liability | $			$ 2,535,649			$ 146,000					$ 2,535,649			$ 2,535,649		$ 146,000		$ 309,000
Private Placement
Shareholders' Equity
Exercise price of warrants (in dollars per share)			$ 0.4816								$ 0.4816			$ 0.4816
Director
Shareholders' Equity
Exercise price of warrants (in dollars per share)			$ 0.4378								$ 0.4378			$ 0.4378
Shares that may be purchased under warrant agreement | shares			913,659								913,659			913,659
Guarantee of Lease by Director
Shareholders' Equity
Lease financing agreement term				3 years
Former Senior lender
Shareholders' Equity
Exercise price of warrants (in dollars per share)			$ 9								$ 9			$ 9
Shares that may be purchased under warrant agreement | shares			76,228								76,228			76,228
Common Stock Warrants
Shareholders' Equity
Warrants outstanding exchanged for common stock (in shares) | shares										389,790				19,692		19,692
Cancellation of warrants, shares that were available for purchase under warrant agreement (in shares) | shares										1,948,948				3,938		3,938
Fair value of shares issued in excess of the warrants exchanged | $														$ 7,906		$ 7,906		681,189
Exercise price of warrants exchanged during period (in dollars per share)														$ 4		$ 4
Exercise price of warrants (in dollars per share)						$ 2	$ 1.88									$ 2
Adjusted exercise price of warrants (in dollars per share)			$ 0.45								$ 0.45			$ 0.45
Fair value of warrants issued during period | $			$ 2,787															$ 157,000
Incremental Fair Value | $			$ 4,587
Shares that may be purchased under warrant agreement | shares						2,229,702	3,289,086									2,229,702		232,450
Period of warrant			5 years				5 years									5 years
Adjustment for fair value of warrants | $																$ 46,000
Expenses recognized | $											$ 7,374			$ 7,374
Common Stock Warrants | Minimum
Shareholders' Equity
Exercise price of warrants (in dollars per share)																		$ 4
Common Stock Warrants | Maximum
Shareholders' Equity
Exercise price of warrants (in dollars per share)																		$ 5
Common Stock Warrants | Subsequent Event
Shareholders' Equity
Exercise price of warrants (in dollars per share)						$ 1.15										$ 1.15
Common Stock Warrants | Private Placement | Subsequent Event
Shareholders' Equity
Exercise price of warrants (in dollars per share)						1.15										$ 1.15
Common Stock Warrants | Short term notes payable
Shareholders' Equity
Exercise price of warrants (in dollars per share)									$ 3.60														$ 3.60
Adjusted exercise price of warrants (in dollars per share)																				$ 1.40
Fair value of warrants issued during period | $																$ 573
Shares that may be purchased under warrant agreement | shares									821,250														821,250
Warrants issued equal to percentage of principal amount of debt									25.00%
Total borrowings | $																	$ 3,285,000
Common Stock Warrants | Short term notes payable | Minimum
Shareholders' Equity
Period of warrant									3 years
Common Stock Warrants | Short term notes payable | Maximum
Shareholders' Equity
Period of warrant									5 years
Common Stock Warrants | Short term notes payable | Subsequent Event
Shareholders' Equity
Exercise price of warrants (in dollars per share)																			$ 1.40
Common Stock Warrants | Director
Shareholders' Equity
Exercise price of warrants (in dollars per share)		$ 1.88
Shares that may be purchased under warrant agreement | shares		2,250,000
Period of warrant		5 years	5 years
Common Stock Warrants | Director | Short term notes payable
Shareholders' Equity
Shares that may be purchased under warrant agreement | shares																	718,750
Total borrowings | $																	$ 2,875,000
Common Stock Warrants | Placement Agent | Subsequent Event
Shareholders' Equity
Exercise price of warrants (in dollars per share)						$ 1.15										$ 1.15
Shares that may be purchased under warrant agreement | shares						109,931										109,931
Period of warrant																5 years
Common Stock Warrants | Placement Agent | Private Placement
Shareholders' Equity
Exercise price of warrants (in dollars per share)						$ 2										$ 2
Period of warrant														5 years		5 years
Common Stock Warrants | Placement Agent | Private Placement | Maximum
Shareholders' Equity
Shares that may be purchased under warrant agreement | shares						100,224										100,224
Common Stock Warrants | Investor
Shareholders' Equity
Exercise price of warrants (in dollars per share)					$ 1.40	$ 1.50										$ 1.50
Fair value of warrants issued during period | $						$ 60,327
Shares that may be purchased under warrant agreement | shares					75,000	325,324										325,324
Period of warrant					10 years	5 years
Number of investors | individual					3
Adjustment for fair value of warrants | $														$ 11,238
Common Stock Warrants | Guarantee of Lease by Director | Director
Shareholders' Equity
Exercise price of warrants (in dollars per share)			$ 0.44	$ 1.15							$ 0.44			$ 0.44
Adjusted exercise price of warrants (in dollars per share)				$ 0.4816
Fair value of warrants issued during period | $			$ 22,000	$ 76,489
Shares that may be purchased under warrant agreement | shares			241,900	407,614							241,900			241,900
Period of warrant			5 years	5 years
Lease financing agreement term			2 years	3 years
Common Stock Warrants | Guarantee of Lease by Director | Director | Subsequent Event
Shareholders' Equity
Exercise price of warrants (in dollars per share)				$ 1.15
Shares that may be purchased under warrant agreement | shares				407,614
Period of warrant				5 years
Common Stock Warrants | Consulting firm
Shareholders' Equity
Exercise price of warrants (in dollars per share)								$ 1.50
Period of warrant								5 years
Adjustment for fair value of warrants | $																$ 20,611
Number of warrants to be issued upon the completion of an IPO | shares								50,000
Number of warrants to be issued upon achievement of certain performance goals | shares								30,000
Common Stock Purchase Warrants Issued In Connection With Issuance Of Series A Convertible Preferred Stock
Shareholders' Equity
Exercise price of warrants (in dollars per share)	$ 2		$ 2								$ 2			$ 2
Adjusted exercise price of warrants (in dollars per share)	0.4816		$ 0.4816								$ 0.4816			$ 0.4816
Shares that may be purchased under warrant agreement | shares			9,000								9,000			9,000
Period of warrant														5 years
Common Stock Purchase Warrants Issued In Connection With Issuance Of Series A Convertible Preferred Stock | Subsequent Event
Shareholders' Equity
Exercise price of warrants (in dollars per share)						$ 2										$ 2
Adjusted exercise price of warrants (in dollars per share)						$ 1.15										$ 1.15
Shares that may be purchased under warrant agreement | shares						9,000										9,000
Period of warrant																5 years
Common Stock Purchase Warrants Issued In Connection With Issuance Of Series A Convertible Preferred Stock | Private Placement
Shareholders' Equity
Exercise price of warrants (in dollars per share)						$ 2						$ 2				$ 2
Adjusted exercise price of warrants (in dollars per share)						$ 1.15						$ 0.4816				$ 1.15
Shares that may be purchased under warrant agreement | shares						2,229,702						9,000				2,229,702
Period of warrant												5 years				5 years
Common Stock Purchase Warrants Issued In Connection With Issuance Of Series A Convertible Preferred Stock | Private Placement | Subsequent Event
Shareholders' Equity
Exercise price of warrants (in dollars per share)													$ 2
Adjusted exercise price of warrants (in dollars per share)													$ 1.15
Shares that may be purchased under warrant agreement | shares													9,000
Period of warrant													5 years
Common Stock Purchase Warrants Issued in Connection With Issuance of Series B Convertible Preferred Stock
Shareholders' Equity
Shares that may be purchased under warrant agreement | shares			2,065,891								2,065,891			2,065,891
Period of warrant														5 years
Common Stock Purchase Warrants Issued in Connection With Issuance of Series B Convertible Preferred Stock | Subsequent Event
Shareholders' Equity
Exercise price of warrants (in dollars per share)						$ 1.15										$ 1.15
Shares that may be purchased under warrant agreement | shares						2,065,891										2,065,891
Period of warrant																5 years
Common Stock Purchase Warrants Issued in Connection With Issuance of Series B Convertible Preferred Stock | Private Placement
Shareholders' Equity
Exercise price of warrants (in dollars per share)												$ 1.15
Adjusted exercise price of warrants (in dollars per share)												$ 0.4816
Shares that may be purchased under warrant agreement | shares												2,065,891
Period of warrant												5 years
Common Stock Purchase Warrants Issued in Connection With Issuance of Series B Convertible Preferred Stock | Private Placement | Subsequent Event
Shareholders' Equity
Exercise price of warrants (in dollars per share)													$ 1.15
Shares that may be purchased under warrant agreement | shares													2,065,891
Period of warrant													5 years
Common Stock Purchase Warrants Issued in Connection With Issuance of Series B Convertible Preferred Stock | Scarsdale Equities LLC
Shareholders' Equity
Exercise price of warrants (in dollars per share)			$ 1.15								$ 1.15			$ 1.15
Adjusted exercise price of warrants (in dollars per share)			0.4816								0.4816			0.4816
Common Stock Purchase Warrants Issued In Connection With Issuance Of Series C Convertible Preferred Stock
Shareholders' Equity
Exercise price of warrants (in dollars per share)			1.15								1.15			1.15
Adjusted exercise price of warrants (in dollars per share)			0.4816								0.4816			0.4816
Common Stock Purchase Warrants Issued In Connection With Issuance Of Series C Convertible Preferred Stock | Private Placement
Shareholders' Equity
Exercise price of warrants (in dollars per share)			$ 0.4816								$ 0.4816			$ 0.4816
Shares that may be purchased under warrant agreement | shares			10,057,119								10,057,119			10,057,119
Period of warrant			5 years
Common Stock Purchase Warrants Issued In Connection With Issuance Of Series C Convertible Preferred Stock | Guarantee of Lease by Director | Director
Shareholders' Equity
Incremental Fair Value | $			$ 28,578
Lease financing agreement term			3 years
Common Stock Purchase Warrants Issued In Connection With Issuance Of Series C Convertible Preferred Stock | Former Senior lender
Shareholders' Equity
Adjusted exercise price of warrants (in dollars per share)			$ 0.35								$ 0.35			$ 0.35
Fair value of warrants issued during period | $														$ 427,000		$ 146,000
Common Stock Purchase Warrants Issued In Connection With Issuance Of Series C Convertible Preferred Stock | Former Senior lender | Maximum
Shareholders' Equity
Shares that may be purchased under warrant agreement | shares			1,960,143								1,960,143			1,960,143
Common Stock Purchase Warrants Issued 2.00 per Share [Member] | Placement Agent
Shareholders' Equity
Exercise price of warrants (in dollars per share)			$ 2								$ 2			$ 2
Shares that may be purchased under warrant agreement | shares			270								270			270
Common Stock Purchase Warrants Issued 1.15 per Share [Member] | Placement Agent
Shareholders' Equity
Exercise price of warrants (in dollars per share)			$ 1.15								$ 1.15			$ 1.15
Adjusted exercise price of warrants (in dollars per share)			$ 0.4816								$ 0.4816			$ 0.4816
Shares that may be purchased under warrant agreement | shares			109,931								109,931			109,931
Common Stock Purchase Warrants Issued 0.4816 per Share [Member] | Private Placement
Shareholders' Equity
Adjusted shares that may be purchased under warrant agreement | shares			73,940								73,940			73,940
Common Stock Purchase Warrants Issued 0.4816 per Share [Member] | Placement Agent
Shareholders' Equity
Exercise price of warrants (in dollars per share)			$ 0.4816								$ 0.4816			$ 0.4816
Shares that may be purchased under warrant agreement | shares			703,997								703,997			703,997
Common Stock Purchase Warrants Issued 0.5254 per Share [Member] | Placement Agent
Shareholders' Equity
Exercise price of warrants (in dollars per share)			$ 0.5254								$ 0.5254			$ 0.5254
Shares that may be purchased under warrant agreement | shares			241,746								241,746			241,746
Common Stock Purchase Warrants Issued In Connection With Issuance Of Series A, B & C Convertible Preferred Stock
Shareholders' Equity
Fair value of warrants issued during period | $											$ 2,083,487			$ 2,083,487
Warrant liability | $			$ 2,083,487								$ 2,083,487			$ 2,083,487
Common Stock
Shareholders' Equity
Issuance of shares (in shares) | shares				74,765												4,542,782		319,000
Share price (in dollars per share)																		$ 4
Stock issued as consideration for reverse merger (in shares) | shares															456,486	488,970
Common stock issued for debt issuance (in shares) | shares														332,028		382,809
Adjustment On Share Price Conversion Shares | shares											8,232,628			8,232,628				427,619
Share price/ conversion adjustment | $														$ 823				$ 4,276
Common Stock | Director
Shareholders' Equity
Common stock issued for debt issuance (in shares) | shares																382,809
Additional Paid In Capital
Shareholders' Equity
Share price/ conversion adjustment | $														3,703,859				$ 1,706,199
Convertible Preferred Stock.
Shareholders' Equity
Minimum aggregate financing required after closing for full ratchet | $														$ 5,000,000
Convertible Preferred Stock Series A
Shareholders' Equity
Issuance of shares (in shares) | shares														9,000		2,229,702
Share price (in dollars per share)			$ 1.50			$ 1.50					$ 1.50			$ 1.50		$ 1.50
Minimum aggregate financing required after closing for full ratchet | $														$ 5,000,000
Convertible Preferred Stock Series A | Subsequent Event
Shareholders' Equity
Issuance of shares (in shares) | shares																9,000
Share price (in dollars per share)						1.50										$ 1.50
Minimum aggregate financing required after closing for full ratchet | $																$ 5,000,000
Convertible Preferred Stock Series A | Private Placement
Shareholders' Equity
Share price (in dollars per share)						1.50						$ 1.50				$ 1.50
Convertible Preferred Stock Series A | Private Placement | Subsequent Event
Shareholders' Equity
Share price (in dollars per share)													$ 1.50
Convertible Preferred Stock Series B
Shareholders' Equity
Issuance of shares (in shares) | shares														2,065,891
Share price (in dollars per share)	$ 1.15		$ 1.15								$ 1.15			$ 1.15
Convertible Preferred Stock Series B | Subsequent Event
Shareholders' Equity
Issuance of shares (in shares) | shares																2,065,891
Share price (in dollars per share)						$ 1.15										$ 1.15
Convertible Preferred Stock Series B | Private Placement
Shareholders' Equity
Share price (in dollars per share)												$ 1.15
Convertible Preferred Stock Series B | Private Placement | Subsequent Event
Shareholders' Equity
Share price (in dollars per share)													$ 1.15
Convertible Preferred Stock Series B | Director | Private Placement
Shareholders' Equity
Conversion of debt into shares (in shares) | shares	217,391
Convertible Preferred Stock Series B | Director | Private Placement | Subsequent Event
Shareholders' Equity
Conversion of debt into shares (in shares) | shares	217,391
Convertible Preferred Stock Series C
Shareholders' Equity
Adjustment On Share Price Conversion Shares | shares														8,232,628
Share price/ conversion adjustment | $												$ 3,704,682		$ 3,704,682
Convertible Preferred Stock Series C | Private Placement
Shareholders' Equity
Convertible preferred stock, shares issued | shares			44,030								44,030			44,030
Convertible Preferred Stock Series C | Common Stock Purchase Warrants Issued In Connection With Issuance Of Series C Convertible Preferred Stock
Shareholders' Equity
Exercise price of warrants (in dollars per share)			$ 0.4816								$ 0.4816			$ 0.4816
Shares that may be purchased under warrant agreement | shares			10,057,119								10,057,119			10,057,119
Period of warrant														5 years
Convertible preferred stock, shares issued | shares			44,030								44,030			44,030

Shareholders' Equity - Summa122

Shareholders' Equity - Summary of Fair Value Assumptions, Warrants (Details) - Common Stock Warrants	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Summary of estimated fair value of warrant
Expected dividend	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Minimum
Summary of estimated fair value of warrant
Expected term	1 year 6 months	1 year 6 months	1 year 6 months	1 year 6 months	1 year 6 months	1 year 6 months
Volatility		26.00%		26.00%	26.00%	26.00%
Risk-free interest rate	0.25%	0.25%	0.25%	0.25%	0.12%	0.12%
Maximum
Summary of estimated fair value of warrant
Expected term	5 years	5 years	5 years	5 years	5 years	5 years
Volatility	38.00%	38.00%	38.00%	38.00%	38.00%	38.00%
Risk-free interest rate	1.37%	1.37%	1.37%	1.37%	1.14%	1.14%

Stock-Based Compensation and123

Stock-Based Compensation and Benefit Plans - Plan Details (Details) - USD ($)	Feb. 12, 2014	Apr. 30, 2014	Feb. 28, 2013	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Stock-Based Compensation and Benefit Plans (Textual)
Share-based compensation expense				$ 83,402	$ 38,699	$ 154,308	$ 85,209	$ 316,176	$ 700,715
Share-based compensation, costs not yet recognized			$ 117,000
Options granted								2,004,420	330,470
Options granted, exercise price								$ 1.50	$ 4.13
Options outstanding								2,704,587	827,543	614,042
Directors, officers and business consultants
Stock-Based Compensation and Benefit Plans (Textual)
Options outstanding								1,750,000
Stock options
Stock-Based Compensation and Benefit Plans (Textual)
Options granted				93,000	110,000	558,000	110,000	2,004,420	330,470
Options granted, minimum exercise price						$ 0.75
Options granted, maximum exercise price						$ 1.50
Options granted, fair value				$ 15,557	$ 93,089	$ 100,289	$ 93,089	$ 339,671	$ 306,189
Stock options | Executive
Stock-Based Compensation and Benefit Plans (Textual)
Vesting percentage on grant date						33.33%
Vesting percentage on first anniversary of grant date						33.33%
Options granted						295,000
Options granted, exercise price								$ 1.50
Options granted, fair value								$ 339,671
Stock options | Directors, officers and business consultants
Stock-Based Compensation and Benefit Plans (Textual)
Options outstanding				1,965,000		1,965,000
Stock options | Director
Stock-Based Compensation and Benefit Plans (Textual)
Vesting percentage on grant date						100.00%
Options granted						40,000
Employee stock options
Stock-Based Compensation and Benefit Plans (Textual)
Share-based compensation expense			$ 119,000
Share-based compensation, costs not yet recognized				$ 131,254		$ 131,254		$ 178,934
Employee stock options | Executive
Stock-Based Compensation and Benefit Plans (Textual)
Options granted		110,000
Options granted, exercise price		$ 4
Options granted, fair value		$ 93,089
2010 EIP
Stock-Based Compensation and Benefit Plans (Textual)
Number of shares of common stock reserved for issuance under the plan				625,000		625,000		625,000
2010 EIP | Stock options
Stock-Based Compensation and Benefit Plans (Textual)
Options granted									330,470
Options granted, minimum exercise price									$ 4
Options granted, maximum exercise price									$ 9
Options granted, fair value									$ 306,000
2010 EIP | Stock options | Executive
Stock-Based Compensation and Benefit Plans (Textual)
Vesting percentage on grant date									100.00%
Options granted									250,000
2010 EIP | Employee stock options
Stock-Based Compensation and Benefit Plans (Textual)
Options outstanding				129,250		129,250		255,167
2010 EIP | Minimum | Stock options
Stock-Based Compensation and Benefit Plans (Textual)
Options granted, minimum exercise price			$ 4
2014 EIP
Stock-Based Compensation and Benefit Plans (Textual)
Number of shares authorized under EIP	1,524,327
Maximum number of common shares granted per individual in any one year	100,000
2014 EIP | Nonemployee Directors
Stock-Based Compensation and Benefit Plans (Textual)
Vesting percentage on grant date	50.00%
Vesting percentage on first anniversary of grant date	50.00%
2014 EIP | Stock options
Stock-Based Compensation and Benefit Plans (Textual)
Equity award expiration period	5 years
Options outstanding				629,000		629,000		698,420
2014 EIP | Incentive stock options
Stock-Based Compensation and Benefit Plans (Textual)
Discretionary incentives of common shares that may be granted to new employees each fiscal year	100,000
2014 EIP | Maximum | Stock options
Stock-Based Compensation and Benefit Plans (Textual)
Equity award expiration period	10 years
2014 EIP | Maximum | Employee stock options
Stock-Based Compensation and Benefit Plans (Textual)
Vesting period	3 years
2014 EIP | Minimum | Employee stock options
Stock-Based Compensation and Benefit Plans (Textual)
Vesting period	2 years							2 years

Stock-Based Compensation and124

Stock-Based Compensation and Benefit Plans - Stock Compensation Expense (Details) - USD ($)	1 Months Ended	3 Months Ended				6 Months Ended		12 Months Ended
	Feb. 28, 2013	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Stock-based compensation costs included in:
Share-based compensation expense		$ 83,402		$ 38,699		$ 154,308	$ 85,209	$ 316,176	$ 700,715
Total compensation costs not yet recognized
Share-based compensation, costs not yet recognized	$ 117,000
Number of Options, Exercised (in shares)									30,000
Employee stock options
Stock-based compensation costs included in:
Share-based compensation expense	$ 119,000
Total compensation costs not yet recognized
Share-based compensation, costs not yet recognized		131,254				$ 131,254		$ 178,934
Weighted average period over which unrecognized compensation is expected to be recognized						1 year 3 months 18 days		7 months 18 days
Number of Options, Exercised (in shares)			0		0	0	0	0	0
Cost of Sales
Stock-based compensation costs included in:
Share-based compensation expense		12,543		1,571		$ 16,438	$ 3,746	$ 21,753	$ 1,815
Selling and Marketing Expense
Stock-based compensation costs included in:
Share-based compensation expense		18,938		2,226		31,061	4,017	51,803	67,697
Research and Development Expense
Stock-based compensation costs included in:
Share-based compensation expense		21,706		1,314		39,141	3,379	41,365	48,609
General and Administrative Expense
Stock-based compensation costs included in:
Share-based compensation expense		$ 30,215		$ 33,588		$ 67,668	$ 74,067	$ 201,255	$ 582,594

Stock-Based Compensation and125

Stock-Based Compensation and Benefit Plans - Fair Value and Assumptions (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Summary of fair value of stock options granted and assumptions
Options granted					2,004,420	330,470
Stock options
Summary of fair value of stock options granted and assumptions
Estimated Fair Value	$ 15,557	$ 93,089	$ 100,289	$ 93,089	$ 339,671	$ 306,189
Options granted	93,000	110,000	558,000	110,000	2,004,420	330,470
Expected Term		3 years		3 years		3 years
Volatility, Minimum	30.00%		30.00%			30.00%
Volatility		29.40%		29.40%
Volatility, Maximum						33.00%
Risk Free Interest Rate, Minimum	0.86%		0.22%		0.22%	0.34%
Risk Free Interest Rate		0.88%		0.88%
Risk Free Interest Rate, Maximum	0.91%		1.07%		1.00%	0.90%
Stock options | Minimum
Summary of fair value of stock options granted and assumptions
Expected Term	3 years		2 years		2 years
Volatility, Minimum			26.00%
Stock options | Maximum
Summary of fair value of stock options granted and assumptions
Expected Term			3 years		3 years
Volatility, Maximum			30.00%

Stock-Based Compensation and126

Stock-Based Compensation and Benefit Plans - Associate Stock Purchase Plan (Details) - 2014 Associate Stock Purchase Plan - $ / shares	1 Months Ended	4 Months Ended	6 Months Ended
	Sep. 30, 2014	Dec. 31, 2014	Jun. 30, 2015
Other Plans
Number of shares of common stock reserved for issuance under the plan	500,000
Purchase prices expressed as a percentage of market value	85.00%
Compensation designated for purchase, maximum percentage	10.00%
Shares purchased		40,560	72,360
Share price (in dollars per share)			$ 0.4675

Related Party Transactions (127

Related Party Transactions (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Interest paid to related parties			$ 154,848	$ 1,193,372	$ 1,594,700	$ 142,968
Affiliates
Related Party Transaction [Line Items]
Debt held by related parties	$ 1,348,000		$ 1,348,000		$ 1,350,000	$ 2,362,561
Warrants held by related parties	9,391,457		9,391,457		4,265,009	942
Interest paid to related parties	$ 3,945		$ 3,945		$ 237,596	$ 125,000
Related party interest expense	$ 42,410	$ 1,073,370	$ 80,876	$ 1,381,848	$ 1,608,372	$ 120,687

Concentrations (Details)128

Concentrations (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)item	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Concentrations
Revenues	$ 1,001,251	$ 608,917	$ 2,006,690	$ 1,085,399	$ 2,648,108	$ 1,179,603
Number of financial advisors | item			2
Supplier Expenditures, Total | Financial Advisor One
Concentrations
Concentration risk (as a percent)	12.00%
Supplier Expenditures, Total | Supplier Concentration Risk | Supplier One
Concentrations
Total expense	$ 287,000		$ 582,000		$ 679,481
Concentration risk (as a percent)			15.00%		10.10%
Accounts Receivable | Customer Concentration Risk | Customer One
Concentrations
Concentration risk (as a percent)			25.00%
Accounts Receivable | Customer Concentration Risk | Customer Two
Concentrations
Concentration risk (as a percent)			12.00%
Accounts Payable | Supplier Concentration Risk | Financial Advisor One
Concentrations
Concentration risk (as a percent)			25.00%
Accounts Payable | Supplier Concentration Risk | Financial Advisor Two
Concentrations
Concentration risk (as a percent)			12.00%
Accounts Payable | Supplier Concentration Risk | Development Firm
Concentrations
Concentration risk (as a percent)			10.00%
Accounts Payable | Supplier Concentration Risk | Legal Firm
Concentrations
Concentration risk (as a percent)			16.00%
Accounts Payable | Supplier Concentration Risk | Supplier One
Concentrations
Concentration risk (as a percent)					13.20%

Subsequent Events (Details)129

Subsequent Events (Details) - Debt Instrument, Name [Domain] - USD ($)	1 Months Ended	12 Months Ended
	Jul. 31, 2015	Feb. 28, 2014	Jun. 30, 2015	Apr. 13, 2015	Dec. 31, 2014	Jul. 31, 2014	Jul. 14, 2014	Jan. 31, 2014	Jan. 14, 2014	Dec. 31, 2013
Director
Subsequent Events
Shares that may be purchased under warrant agreement			913,659
Exercise price of warrants (in dollars per share)			$ 0.4378
Common Stock Warrants
Subsequent Events
Shares that may be purchased under warrant agreement					2,229,702	3,289,086				232,450
Exercise price of warrants (in dollars per share)					$ 2	$ 1.88
Common Stock Warrants | Director
Subsequent Events
Shares that may be purchased under warrant agreement							2,250,000
Exercise price of warrants (in dollars per share)							$ 1.88
Subsequent Event | Notes payable
Subsequent Events
Total borrowings	$ 1,000,000
Subsequent Event | Common Stock Warrants
Subsequent Events
Exercise price of warrants (in dollars per share)					$ 1.15
Short term notes payable | Common Stock Warrants
Subsequent Events
Shares that may be purchased under warrant agreement								821,250	821,250
Exercise price of warrants (in dollars per share)								$ 3.60	$ 3.60
Total borrowings		$ 3,285,000
Short term notes payable | Common Stock Warrants | Director
Subsequent Events
Shares that may be purchased under warrant agreement		718,750
Total borrowings		$ 2,875,000
Short term notes payable | Subsequent Event | Common Stock Warrants
Subsequent Events
Exercise price of warrants (in dollars per share)				$ 1.40