Energous (WATT) 10-Q 13 Aug 15 2015 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 13, 2015
Document Information [Line Items]
Entity Registrant Name	Energous Corp
Entity Central Index Key	1,575,793
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Trading Symbol	WATT
Entity Common Stock, Shares Outstanding		13,001,412
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,015

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 20,508,268	$ 31,494,592
Prepaid expenses and other current assets	665,020	416,580
Prepaid rent, current	80,784	80,784
Total current assets	21,254,072	31,991,956
Property and equipment, net	1,613,910	1,515,299
Prepaid rent, non-current	258,628	299,020
Other assets	32,555	22,648
Total assets	23,159,165	33,828,923
Current liabilities:
Accounts payable	817,341	1,716,011
Accrued expenses	1,044,669	792,349
Deferred revenue	75,000	0
Total current liabilities	$ 1,937,010	$ 2,508,360
Commitments and contingencies
Stockholders’ equity
Preferred Stock, $0.00001 par value, 10,000,000 shares authorized at June 30, 2015 and December 31, 2014; no shares issued or outstanding	$ 0	$ 0
Common Stock, $0.00001 par value, 50,000,000 shares authorized at June 30, 2015 and December 31, 2014; 12,971,953 and 12,781,502 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively.	129	127
Additional paid-in capital	85,439,365	82,465,914
Accumulated deficit	(64,217,339)	(51,145,478)
Total stockholders’ equity	21,222,155	31,320,563
Total liabilities and stockholders’ equity	$ 23,159,165	$ 33,828,923

CONDENSED BALANCE SHEETS (Paren

CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Preferred stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	12,971,953	12,781,502
Common stock, shares outstanding	12,971,953	12,781,502

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenue:
Revenue	$ 225,000	$ 0	$ 425,000	$ 0
Operating expenses:
Research and development	3,779,852	1,556,493	8,055,416	2,485,706
General and administrative	1,910,702	1,133,101	3,722,844	1,802,390
Marketing	684,416	805,429	1,728,310	1,227,460
Total operating expenses	6,374,970	3,495,023	13,506,570	5,515,556
Loss from operations	(6,149,970)	(3,495,023)	(13,081,570)	(5,515,556)
Other income (expense):
Change in fair value of derivative liabilities	0	1,725,823	0	(26,265,177)
Interest income (expense), net	3,388	(36,547)	9,709	(1,034,737)
Gain on debt extinguishment	0	2,084,368	0	2,084,368
Total	3,388	3,773,644	9,709	(25,215,546)
Net (loss) income	$ (6,146,582)	$ 278,621	$ (13,071,861)	$ (30,731,102)
Basic net (loss) income per common share	$ (0.48)	$ 0.03	$ (1.02)	$ (5.07)
Diluted net (loss) income per common share	$ (0.48)	$ 0.03	$ (1.02)	$ (5.07)
Weighted average shares outstanding, basic	12,914,768	9,370,172	12,851,677	6,057,598
Weighted average shares outstanding, diluted	12,914,768	10,773,670	12,851,677	6,057,598

CONDENSED STATEMENT OF CHANGES

CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - 6 months ended Jun. 30, 2015 - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]
Balance at Dec. 31, 2014	$ 31,320,563	$ 127	$ 82,465,914	$ (51,145,478)
Balance (in shares) at Dec. 31, 2014		12,781,502
Issuance of shares for services	147,900	$ 0	147,900	0
Issuance of shares for services (in shares)		15,000
Stock-based compensation - stock options	492,422	$ 0	492,422	0
Stock-based compensation - IR warrants	85,831	0	85,831	0
Stock-based compensation - restricted stock units ("RSUs")	2,177,135	0	2,177,135	0
Stock-based compensation - performance share units ("PSUs")	43,378	0	43,378	0
Issuance of shares for RSUs	0	$ 2	(2)	0
Issuance of shares for RSUs (in shares)		162,831
Exercise of stock options	$ 14,176	$ 0	14,176	0
Exercise of stock options (in shares)	5,693	5,693
Disgorgement on account of short swing profit	$ 12,611	$ 0	12,611	0
Cashless exercise of warrants	0	$ 0	0	0
Cashless exercise of warrants (in shares)		6,927
Net loss	(13,071,861)	$ 0	0	(13,071,861)
Balance at Jun. 30, 2015	$ 21,222,155	$ 129	$ 85,439,365	$ (64,217,339)
Balance (in shares) at Jun. 30, 2015		12,971,953

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net loss	$ (13,071,861)	$ (30,731,102)
Adjustments to reconcile net loss to Net cash used in operating activities:
Depreciation and amortization	414,301	54,805
Stock based compensation	2,798,766	912,504
Amortization of debt discount	0	964,851
Gain on conversion of notes payable and accrued interest	0	(2,084,368)
Change in fair market value of derivative liabilities	0	26,265,177
Amortization of prepaid rent from stock issuance to landlord	40,392	0
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	(100,540)	(282,199)
Other assets	(9,907)	0
Accounts payable	(898,670)	275,634
Accrued expenses	252,320	198,144
Deferred revenue	75,000	0
Net cash used in operating activities	(10,500,199)	(4,426,554)
Cash flows used in investing activities:
Purchases of property and equipment	(512,912)	(354,953)
Net cash used in investing activities	(512,912)	(354,953)
Cash flows from financing activities:
Proceeds from IPO, net of underwriter's discount and offering expenses	0	24,872,170
Proceeds from the sale of stock to strategic investor, net	0	900,000
Sale of Warrant to IPO underwriter	0	1,000
Proceeds from the exercise of stock options	14,176	0
Proceeds from the disgorgement of short-swing profit	12,611	0
Net cash provided by financing activities	26,787	25,773,170
Net (decrease) increase in cash and cash equivalents	(10,986,324)	20,991,663
Cash and cash equivalents - beginning	31,494,592	1,953,780
Cash and cash equivalents - ending	20,508,268	22,945,443
Supplemental disclosure of non-cash financing activities:
Decrease in deferred offering costs charged to the IPO	0	88,319
Common stock issued upon conversion of notes payable and accrued interest payable	0	26,790,177
Increase in additional paid in capital upon extinguishment of derivative liability for warrants	0	5,752,000
Common stock issued for services	147,900	0
Common stock issued for RSUs	$ 2	$ 0

Business Organization, Nature o

Business Organization, Nature of Operations	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1 - Business Organization, Nature of Operations Energous Corporation (the “Company”) was incorporated in Delaware on October 30, 2012. The Company is developing WattUp ™ The Company believes its technology is novel in its approach, in that it charges devices by surrounding them with a radio frequency (“RF”) pocket (“RF pocket”). The Company is developing solutions that enable wire-free transmission of energy from one or multiple transmitter(s) to multiple receivers connected to or integrated into electronic devices, at distances of up to fifteen (15) feet. The Company has developed multiple prototype systems consisting of either a single or multiple transmitter (s) in various forms and sizes, multiple smart phone receiver cases, various other forms of receiving devices and management software to demonstrate the technology.

Liquidity and Management Plans

Liquidity and Management Plans	6 Months Ended
	Jun. 30, 2015
Liquidity And Management Plan Disclosure [Abstract]
Liquidity And Management Plan Disclosure [Text Block]	Note 2 – Liquidity and Management Plans During the three and six months ended June 30, 2015, the Company has recorded revenue of $ 225,000 425,000 6,146,582 278,621 13,071,861 30,731,102 As of June 30, 2015, the Company had cash on hand of $ 20,508,268 4,600,000 24.8 1,833,336 96,792 210,527 900,000 300,000 700,000 100,000 41,563 5,353 3,285,714 21.0 together with anticipated revenues, Research and development of new technologies is, by its nature, unpredictable. Although the Company will undertake development efforts with commercially reasonable diligence, there can be no assurance that our available resources including the net proceeds from the Company’s IPO, secondary offering, and strategic investor financing will be sufficient to enable it to develop and obtain regulatory approval of its technology to the extent needed to create future revenues sufficient to sustain its operations. The Company may choose to pursue additional financing, depending upon the market conditions, which could include follow-on equity offerings, debt financing, co-development agreements or other alternatives. Should the Company choose to pursue additional financing, there is no assurance that the Company would be able to do so on terms that it would find acceptable. On April 24, 2015, the Company filed a “shelf” registration statement on Form S-3, under which the Company may from time to time, sell any combination of debt or equity securities up to an aggregate of $ 75,000,000

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Note 3 – Summary of Significant Accounting Policies The accompanying financial statements are presented in U.S. dollars and have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”), and pursuant to the accounting and disclosure rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”). These unaudited condensed interim financial statements should be read in conjunction with the audited financial statements and notes thereto for the fiscal year ended December 31, 2014 included in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2014, filed with the Securities and Exchange Commission (the “SEC”) on March 30, 2015. The accounting policies used in preparing these unaudited condensed interim financial statements are consistent with those described in the December 31, 2014 audited financial statements. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities at the date of the financial statements as well as the reported expenses during the reporting periods. The Company’s significant estimates and assumptions include the valuation of the Company’s common stock, the valuation of stock-based compensation instruments and recognition of revenue, the useful lives of long-lived assets, and income tax expense. Some of these judgments can be subjective and complex, and, consequently, actual results may differ from these estimates. Although the Company believes that its estimates and assumptions are reasonable, they are based upon information available at the time the estimates and assumptions were made. Actual results could differ from those estimates. Certain amounts in prior periods have been reclassified to conform to the current period presentation. These reclassifications had no effect on previously reported net (loss) income. The Company considers all short-term, highly liquid investments with an original maturity at the date of purchase of three months or less to be cash equivalents. The Company maintains cash balances that may be uninsured or in deposit accounts that exceed Federal Deposit Insurance Corporation limits. The Company maintains its cash deposits with major financial institutions. The Company recognizes revenue when the following criteria have been met: persuasive evidence of an arrangement exists, services have been rendered, collection of the revenue is reasonably assured, and the fees are fixed or determinable. The Company records revenue associated with product development projects that it enters into with certain customers. In general, these projects are associated with complex technology development, and as such the Company does not have certainty about its ability to achieve the program milestones. Achievement of the milestone is dependent on our performance and the milestone typically needs to be accepted by the customer. The payment associated with achieving the milestone is generally commensurate with the Company’s effort or the value of the deliverable and is nonrefundable. However, the Company also expects to receive nonrefundable payments, typically at the beginning of a customer relationship, for which there are no milestones. The Company recognizes this revenue ratably over the initial engineering product development period. The Company records the expenses related to these projects in the periods incurred and recognizes revenue when it has achieved the development milestones. The costs associated with the revenue from these projects are expensed as incurred and generally included in research and development expense. Research and development expenses are charged to operations as incurred. For internally developed patents, all patent application costs are expensed as incurred as research and development expense. Patent application costs, generally legal costs, are expensed as research and development costs until such time as the future economic benefits of such patents become more certain. The Company incurred research and development costs of $ 3,779,852 1,556,493 8,055,416 2,485,706 The Company accounts for equity instruments issued to employees in accordance with accounting guidance that requires that awards are recorded at their fair value on the date of grant and are amortized over the vesting period of the award. The Company recognizes compensation costs on a straight line basis over the requisite service period of the award, which is generally the vesting term of the equity instrument issued. Income Taxes Tax benefits are recognized only for tax positions that are more likely than not to be sustained upon examination by tax authorities. The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely to be realized upon settlement. A liability for “unrecognized tax benefits” is recorded for any tax benefits claimed in the Company’s tax returns that do not meet these recognition and measurement standards. As of June 30, 2015, no liability for unrecognized tax benefits was required to be reported. The guidance also discusses the classification of related interest and penalties on income taxes. The Company’s policy is to record interest and penalties on uncertain tax positions as a component of income tax expense. No interest or penalties were recorded during the three and six months ended June 30, 2015 and 2014. Basic net (loss) income per share is computed by dividing net (loss) income available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the exercise of stock options and warrants (using the treasury stock method) and the vesting of restricted stock units (“RSUs”) and performance stock units (“PSUs”). The computation of diluted (loss) income per share excludes potentially dilutive securities of 4,754,243 0 4,754,243 2,669,006 Three months ended June 30, 2014 Numerator: Net income (numerator for basic and diluted earnings per share) $ 278,621 Weighted average shares outstanding (denominator for basic earnings per share) 9,370,172 Effect of dilutive securities: Assumed exercise of stock options, treasury method 846,566 Assumed exercise of warrants, treasury method 555,735 Assumed vesting of Restricted Stock Units 1,197 Dilutive potential common shares 1,403,498 Denominator for diluted earnings per share – weighted average shares and assumed potential common shares 10,773,670 Earnings per share, diluted $ 0.03 Since the effect of the assumed conversion of convertible debt on diluted earnings per share would be, in fact, anti-dilutive, the assumed conversion of convertible debt has been excluded from the computation of basic and diluted earnings per share for the three months ended June 30, 2014. For the Three Months Ended For the Six Months Ended June 30, June 30, 2015 2014 2015 2014 Consulting Warrant to purchase common stock 271,272 - 271,272 278,228 Financing Warrant to purchase common stock 152,778 - 152,778 152,778 IPO Warrants to purchase common stock 460,000 - 460,000 460,000 IR Consulting Warrant 36,000 - 36,000 36,000 IR Incentive Warrant 15,000 - 15,000 - Options to purchase common stock 1,593,550 - 1,593,550 1,737,965 RSUs 1,043,352 - 1,043,352 4,035 PSUs 1,182,291 - 1,182,291 - Total potentially dilutive securities 4,754,243 - 4,754,243 2,669,006 In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers" (Topic 606), which supersedes the revenue recognition requirements in ASC Topic 605, "Revenue Recognition," and most industry-specific guidance. This ASU is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments, and assets recognized from costs incurred to obtain or fulfill a contract. The amendments in the ASU must be applied using one of two retrospective methods and are effective for annual and interim periods beginning after December 15, 2016. On July 9, 2015, the FASB modified ASU 2014-09 to be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. As modified, the FASB permits the adoption of the new revenue standard early, but not before the annual periods beginning after December 15, 2016. In August 2014, FASB issued ASU No. 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. This standard is intended to define management’s responsibility to evaluate whether there is substantial doubt about an organization’s ability to continue as a going concern and to provide related footnote disclosures. Under U.S. GAAP, financial statements are prepared under the presumption that the reporting organization will continue to operate as a going concern, except in limited circumstances. Financial reporting under this presumption is commonly referred to as the going concern basis of accounting. The going concern basis of accounting is critical to financial reporting because it establishes the fundamental basis for measuring and classifying assets and liabilities. Currently, U.S. GAAP lacks guidance about management’s responsibility to evaluate whether there is substantial doubt about the organization’s ability to continue as a going concern or to provide related footnote disclosures. This ASU provides guidance to an organization’s management, with principles and definitions that are intended to reduce diversity in the timing and content of disclosures that are commonly provided by organizations today in the financial statement footnotes. The amendments are effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early application is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. The adoption of this standard is not expected to have a material impact on the Company’s financial position and results of operations. In April 2015, the FASB issued ASU No. 2015-03, "Simplifying the Presentation of Debt Issuance Costs." This standard amends existing guidance to require the presentation of debt issuance costs in the balance sheet as a deduction from the carrying amount of the related debt liability instead of a deferred charge. It is effective for annual reporting periods beginning after December 15, 2015, but early adoption is permitted. The Company is currently evaluating the impact the adoption of this standard would have on our condensed financial statements. The Company evaluates events that have occurred after the balance sheet date of June 30, 2015, through the date which the financial statements are issued.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Note 4 – Commitments and Contingencies Investor Relations Agreements Effective January 13, 2014 8,000 36,000 7.80 130 3,000 3,000 15,000 7.80 250,000 th As of March 31, 2015, all 36,000 0 98,545 7,522 159,573 On February 4, 2015, the Company entered into a six month consulting agreement with a consultant to provide the Company with investor relations services. Compensation under the agreement included the Company’s issuance on February 26, 2015, of 15,000 147,900 5,000 73,950 110,925 Operating Leases On September 10, 2014, the Company entered into a Lease Agreement (the “Lease”) with Balzer Family Investments, L.P. (the “Landlord”) related to space located at Northpointe Business Center, 3590 North First Street, San Jose, California. The initial term of the lease is 60 36,720 41,563 500,000 6,732 100,000 400,000 On February 26, 2015, the Company entered into a sub-lease agreement for additional space in the San Jose area. The agreement has a term which expires on 6,109 See Note 8 (Subsequent Events) for the description of the new lease agreement. For the Years Ended December 31, Amount 2015 (Six Months) $ 219,282 2016 448,488 2017 462,135 2018 475,838 2019 344,611 Total $ 1,950,354 Development and Licensing Agreement Effective January 28, 2015, the Company signed a development and licensing agreement with a consumer electronics company to embed WattUp wire-free charging receiver technology in various products including, but not limited to certain mobile consumer electronics and related accessories. During the development phase and through customer shipment of their first product, Energous will afford this customer an exclusive “time to market advantage” in the licensed product categories. This development and licensing agreement contains both invention and development milestones that the Company will need to achieve during the next two years. Pursuant to the Agreement, on March 23, 2015, the Company received an initial non-refundable payment of $ 500,000 225,000 425,000 Effective April 3, 2015, the Company entered into an amendment of the development and license agreement with this consumer electronics company to include joint development of wire-free transmitter technology and technology license back to the Company. On June 5, 2015, the Company entered into a second amendment of the development and license agreement with this consumer electronics company to conform the agreement for technical changes in the product delivery milestones. Hosted Design Solution Agreement On June 25, 2015, the Company entered into a three year agreement to license electronics design automation software in a hosted environment. Pursuant to the agreement, under which services began July 13, 2015, the Company is required to remit quarterly payments in 100,568 Amended Employee Agreement – Stephen Rizzone On April 3, 2015, the Company entered into an Amended and Restated Executive Employment Agreement with Stephen R. Rizzone, the Company’s President and Chief Executive Officer (the “Employment Agreement”). The Employment Agreement has an effective date of January 1, 2015 and an initial term of four years (the “Initial Employment Period”). The Employment Agreement provides for an annual base salary of $ 365,000 100 Pursuant to Mr. Rizzone’s prior employment agreement, on December 12, 2013 Mr. Rizzone was granted a ten year option to purchase 275,689 1.68 48 496,546 6.00 Effective with the approval on May 21, 2015 by the Company’s stockholders of its new performance-based equity plan, the Employment Agreement provided and Mr. Rizzone received, a grant of 639,075 100 1.1 100 50 Mr. Rizzone is also eligible to receive all customary and usual benefits generally available to senior executives of the Company. The Employment Agreement provides that if Mr. Rizzone’s employment is terminated due to his death or disability, if Mr. Rizzone’s employment is terminated by the Company without cause or if he resigns for good reason, twenty-five percent ( 25

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2015
Stockholders Equity Note [Abstract]
Stockholders Equity Note Disclosure [Text Block]	Note 5 – Stockholders’ Equity Disgorgement of short swing profits On April 11, 2015, $ 12,611 Filing of registration statement On April 24, 2015, the Company filed a “shelf” registration statement on Form S-3, which became effective on April 30, 2015. The “shelf” registration statement allows the Company from time to time to sell any combination of debt or equity securities described in the registration statement up to aggregate proceeds of $ 75,000,000

Stock Based Compensation

Stock Based Compensation	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 6 – Stock Based Compensation Equity Incentive Plans 2013 Equity Incentive Plan In December 2013 the Company’s board and stockholders approved the “2013 Equity Incentive Plan”, providing for the issuance of equity based instruments covering up to an initial total of 1,042,167 2,335,967 Effective on March 10, 2014, the Company’s board of directors and stockholders approved the First Amendment to the 2013 Equity Incentive Plan which provided for an increase in the aggregate number of shares of common stock that may be issued pursuant to the Plan to equal 18% As of June 30, 2015, 262,186 2014 Non-Employee Equity Compensation Plan On March 6, 2014, the Company’s board of directors and stockholders approved the 2014 Non-Employee Equity Compensation Plan for the issuance of equity based instruments covering up to 250,000 As of June 30, 2015, 156,495 2015 Performance Share Unit Plan On April 10, 2015, the Company’s board of directors approved the Energous Corporation 2015 Performance Share Unit Plan (the “Performance Share Plan”), under which 1,310,104 As of June 30, 2015, 127,813 Stock Option Award Activity Weighted Weighted Weighted Average Average Average Remaining Number of Exercise Grant Date Life In Intrinsic Options Price Fair Value Years Value Outstanding at January 1, 2015 1,607,075 $ 4.41 $ 2.46 9.0 $ - Granted - - - - - Exercised (5,693) (2.49) (1.42) - - Forfeited (7,832) (2.49) (1.42) - - Outstanding at June 30, 2015 1,593,550 $ 4.42 $ 2.47 8.6 $ 5,227,000 Exercisable at January 1, 2015 550,298 $ 4.33 $ 2.41 9.1 $ - Vested 197,208 4.46 - - - Exercised (5,693) (2.49) - - - Forfeited - - - - - Exercisable at June 30, 2015 741,813 $ 4.38 $ 2.45 8.6 $ 2,451,000 Options Outstanding Options Exercisable Weighted Average Outstanding Remaining Life In Exercisable Number of Exercise Price Number of Options Years Options $ 1.68 275,689 8.5 120,614 2.49 313,229 8.5 142,907 3.63 51,958 8.7 51,958 4.99 99,214 8.7 44,076 6.00 853,460 8.7 382,258 1,593,550 8.6 741,813 As of June 30, 2015, the unamortized value of options was $ 2,101,277 2.24 Restricted Stock Units (“RSUs”) On August 14, 2014, the compensation committee of the board of directors granted two inducement RSU awards to Cesar Johnston, the Company’s Senior Vice President of Engineering. Under the first award, Mr. Johnston has the right to receive 100,000 20,000 1,356,000 On January 2, 2015, the compensation committee of the board of directors granted to various directors, RSUs under which the holders have the right to receive 17,576 upon approval by the compensation committee of the board of directors, 4,394 13,182 On January 22, 2015, the compensation committee of the board of directors granted to various employees and consultants, RSUs under which the holders have the right to receive 54,500 On February 26, 2015, the compensation committee of the board of directors granted to two employees RSUs under which the holders have the right to receive 6,800 On February 26, 2015, the compensation committee of the board of directors granted to Mr. Rizzone, the Company’s Chief Executive Officer, RSUs under which Mr. Rizzone has the right to receive 246,226 On February 26, 2015, the compensation committee of the board of directors granted to a member of the advisory board RSUs under which the holder has the right to receive 5,071 12.5 12.5 On May 21, 2015, the compensation committee of the board of directors granted to various employees and consultants inducement RSU awards under which the holders have the right to receive 205,081 On May 21, 2015, the compensation committee of the board of directors granted to Cesar Johnston, the Company’s Senior Vice President of Engineering, RSUs under which Mr. Johnston has the right to receive 1,500 On May 21, 2015, the compensation committee of the board of directors granted to two consultants RSUs under which the holders have the right to receive 7,042 On May 21, 2015, in connection with patent applications, the compensation committee of the board of directors granted to various employees RSUs under which the holders have the right to receive 6,300 2,100 3,500 700 On May 21, 2015, the compensation committee of the board of directors granted to John Gaulding, director and chairman of the board, RSUs under the 2014 Non-Employee Equity Compensation Plan for which Mr. Gaulding has the right to receive 25,000 On May 21, 2015, the compensation committee of the board of directors accelerated the vesting of 13,074 The Company accounts for RSUs granted to consultants using the accounting guidance included in ASC 505-50 “Equity-Based Payments to Non-Employees” (“ASC 505-50”). In accordance with ASC 505-50, the Company estimates the fair value of the unvested portion of the RSU award each reporting period using the closing price of the Company’s common stock. At June 30, 2015, the unamortized value of the RSUs was $ 8,832,369 3.23 Weighted Average Grant Total Date Fair Value Outstanding at January 1, 2015 733,628 $ 10.49 RSUs granted 575,096 $ 9.06 RSUs forfeited (102,541) $ 9.74 Shares of common stock issued in exchange for RSUs (162,831) $ 10.82 Outstanding at June 30, 2015 1,043,352 $ 9.73 Vested at January 1, 2015 6,349 $ 9.94 RSUs vested 159,120 $ 10.85 RSUs forfeited - $ - Shares of common stock issued in exchange for RSUs (162,831) $ 10.82 Vested at June 30, 2015 2,638 $ 10.52 Performance Share Units (“PSUs”) Effective on May 21, 2015, the compensation committee of the board of directors granted to Stephan Rizzone PSUs under which Mr. Rizzone has the right to receive up to 639,075 On May 21, 2015, the compensation committee of the board of directors granted to its independent directors and executives, PSUs under which the holders have the right to receive up to 543,216 100 1.1 100 1.1 The Company determined that the PSUs were equity awards with both market and service conditions. The Company utilized a Monte Carlo simulation to determine the fair value of the market condition, as described above. Grantees of PSUs are required to be employed through December 31, 2018 in order to earn the entire award, if and when vested. The fair value of the grant of PSUs to purchase a total of 1,182,291 3,100,000 43,378 0 43,378 0 At June 30, 2015, the unamortized value of the PSUs was approximately $ 3,056,622 3.50 Weighted Average Grant Total Date Fair Value Outstanding at January 1, 2015 - $ - PSUs granted 1,182,291 $ 2.62 PSUs forfeited - $ - Shares of common stock issued in exchange for PSUs - $ - Outstanding at June 30, 2015 1,182,291 $ 2.62 Vested at January 1, 2015 - $ - PSUs vested 1,072 $ 2.62 PSUs forfeited - $ - Shares of common stock issued in exchange for PSUs - $ - Vested at June 30, 2015 1,072 $ 2.62 Stock-Based Compensation Expense Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Stock options $ 232,907 $ 314,210 $ 492,422 $ 745,305 RSUs 843,260 7,626 2,177,135 7,626 IR warrants - 98,545 85,831 159,573 PSUs 43,378 - 43,378 - Total $ 1,119,545 $ 420,381 $ 2,798,766 $ 912,504 Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Research and development $ 499,993 $ 95,485 $ 1,534,311 $ 239,252 General and administrative 489,938 155,128 933,585 492,510 Sales and marketing 129,614 169,768 330,870 180,742 Total $ 1,119,545 $ 420,381 $ 2,798,766 $ 912,504

Related Party

Related Party	6 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	Note 7 – Related Party On July 14, 2014, the Company’s Board of Directors appointed Howard Yeaton as the Company’s Interim Chief Financial Officer. On July 13, 2015, the Company appointed Brian Sereda as the Company’s Chief Financial Officer (See Note 8) replacing Interim Chief Financial Officer Howard Yeaton. Howard Yeaton is the Managing Principal of Financial Consulting Strategies LLC (“FCS”). During the three and six months ended June 30, 2015, the Company incurred fees to FCS of $ 33,385 59,348 13,089 39,346

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Note 8 – Subsequent Events Employment Agreement Effective July 13, 2015, the Company appointed Brian Sereda to serve as Vice President and Chief Financial Officer, replacing Interim Chief Financial Officer Howard Yeaton. In connection with Mr. Sereda’s appointment as Vice President and Chief Financial Officer, the Company and Mr. Sereda executed an offer letter effective July 13, 2015 (the “Sereda Offer Letter”). Under the Sereda Offer Letter, Mr. Sereda will receive an annual base salary of $ 250,000 75 120,000 In the event Mr. Sereda is terminated without cause, he is entitled to (1) six months of his then-current base salary and (2) payment of COBRA premiums for up to six months. In the event of a liquidation event and termination of employment, except for cause, 100% of the inducement award shall immediately vest. Lease Agreement On July 9, 2015, the Company entered into a sub-lease agreement for additional space in Costa Mesa, CA. The agreement has a term which expires on September 30, 2017 6,376 Board of Directors Appointment On July 1, 2015, the Company appointed Martin Cooper to the Board of Directors with a term expiring at the Company’s 2016 annual shareholders meeting. In connection with Mr. Cooper’s appointment to the Board, Mr. Cooper was issued RSUs under the Company’s 2014 Non-Employee Equity Compensation Plan covering a total of 5,061 In connection with Mr. Cooper’s appointment, he was granted PSUs under the Company’s 2015 Performance Share Unit Plan for which he is eligible to receive 31,954 Mr. Cooper has not been, and is not currently anticipated to be, named to any committees of the Board of Directors.

Summary of Significant Accoun15

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying financial statements are presented in U.S. dollars and have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”), and pursuant to the accounting and disclosure rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”). These unaudited condensed interim financial statements should be read in conjunction with the audited financial statements and notes thereto for the fiscal year ended December 31, 2014 included in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2014, filed with the Securities and Exchange Commission (the “SEC”) on March 30, 2015. The accounting policies used in preparing these unaudited condensed interim financial statements are consistent with those described in the December 31, 2014 audited financial statements.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities at the date of the financial statements as well as the reported expenses during the reporting periods. The Company’s significant estimates and assumptions include the valuation of the Company’s common stock, the valuation of stock-based compensation instruments and recognition of revenue, the useful lives of long-lived assets, and income tax expense. Some of these judgments can be subjective and complex, and, consequently, actual results may differ from these estimates. Although the Company believes that its estimates and assumptions are reasonable, they are based upon information available at the time the estimates and assumptions were made. Actual results could differ from those estimates.
Reclassification, Policy [Policy Text Block]	Reclassification Certain amounts in prior periods have been reclassified to conform to the current period presentation. These reclassifications had no effect on previously reported net (loss) income.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents The Company considers all short-term, highly liquid investments with an original maturity at the date of purchase of three months or less to be cash equivalents. The Company maintains cash balances that may be uninsured or in deposit accounts that exceed Federal Deposit Insurance Corporation limits. The Company maintains its cash deposits with major financial institutions.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition The Company recognizes revenue when the following criteria have been met: persuasive evidence of an arrangement exists, services have been rendered, collection of the revenue is reasonably assured, and the fees are fixed or determinable. The Company records revenue associated with product development projects that it enters into with certain customers. In general, these projects are associated with complex technology development, and as such the Company does not have certainty about its ability to achieve the program milestones. Achievement of the milestone is dependent on our performance and the milestone typically needs to be accepted by the customer. The payment associated with achieving the milestone is generally commensurate with the Company’s effort or the value of the deliverable and is nonrefundable. However, the Company also expects to receive nonrefundable payments, typically at the beginning of a customer relationship, for which there are no milestones. The Company recognizes this revenue ratably over the initial engineering product development period. The Company records the expenses related to these projects in the periods incurred and recognizes revenue when it has achieved the development milestones. The costs associated with the revenue from these projects are expensed as incurred and generally included in research and development expense.
Research and Development Expense, Policy [Policy Text Block]	Research and Development Research and development expenses are charged to operations as incurred. For internally developed patents, all patent application costs are expensed as incurred as research and development expense. Patent application costs, generally legal costs, are expensed as research and development costs until such time as the future economic benefits of such patents become more certain. The Company incurred research and development costs of $ 3,779,852 1,556,493 8,055,416 2,485,706
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock-Based Compensation The Company accounts for equity instruments issued to employees in accordance with accounting guidance that requires that awards are recorded at their fair value on the date of grant and are amortized over the vesting period of the award. The Company recognizes compensation costs on a straight line basis over the requisite service period of the award, which is generally the vesting term of the equity instrument issued.
Income Tax, Policy [Policy Text Block]	Income Taxes Tax benefits are recognized only for tax positions that are more likely than not to be sustained upon examination by tax authorities. The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely to be realized upon settlement. A liability for “unrecognized tax benefits” is recorded for any tax benefits claimed in the Company’s tax returns that do not meet these recognition and measurement standards. As of June 30, 2015, no liability for unrecognized tax benefits was required to be reported. The guidance also discusses the classification of related interest and penalties on income taxes. The Company’s policy is to record interest and penalties on uncertain tax positions as a component of income tax expense. No interest or penalties were recorded during the three and six months ended June 30, 2015 and 2014.
Earnings Per Share, Policy [Policy Text Block]	Net (Loss) Income Per Common Share Basic net (loss) income per share is computed by dividing net (loss) income available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the exercise of stock options and warrants (using the treasury stock method) and the vesting of restricted stock units (“RSUs”) and performance stock units (“PSUs”). The computation of diluted (loss) income per share excludes potentially dilutive securities of 4,754,243 0 4,754,243 2,669,006 Three months ended June 30, 2014 Numerator: Net income (numerator for basic and diluted earnings per share) $ 278,621 Weighted average shares outstanding (denominator for basic earnings per share) 9,370,172 Effect of dilutive securities: Assumed exercise of stock options, treasury method 846,566 Assumed exercise of warrants, treasury method 555,735 Assumed vesting of Restricted Stock Units 1,197 Dilutive potential common shares 1,403,498 Denominator for diluted earnings per share – weighted average shares and assumed potential common shares 10,773,670 Earnings per share, diluted $ 0.03 Since the effect of the assumed conversion of convertible debt on diluted earnings per share would be, in fact, anti-dilutive, the assumed conversion of convertible debt has been excluded from the computation of basic and diluted earnings per share for the three months ended June 30, 2014. For the Three Months Ended For the Six Months Ended June 30, June 30, 2015 2014 2015 2014 Consulting Warrant to purchase common stock 271,272 - 271,272 278,228 Financing Warrant to purchase common stock 152,778 - 152,778 152,778 IPO Warrants to purchase common stock 460,000 - 460,000 460,000 IR Consulting Warrant 36,000 - 36,000 36,000 IR Incentive Warrant 15,000 - 15,000 - Options to purchase common stock 1,593,550 - 1,593,550 1,737,965 RSUs 1,043,352 - 1,043,352 4,035 PSUs 1,182,291 - 1,182,291 - Total potentially dilutive securities 4,754,243 - 4,754,243 2,669,006
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers" (Topic 606), which supersedes the revenue recognition requirements in ASC Topic 605, "Revenue Recognition," and most industry-specific guidance. This ASU is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments, and assets recognized from costs incurred to obtain or fulfill a contract. The amendments in the ASU must be applied using one of two retrospective methods and are effective for annual and interim periods beginning after December 15, 2016. On July 9, 2015, the FASB modified ASU 2014-09 to be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. As modified, the FASB permits the adoption of the new revenue standard early, but not before the annual periods beginning after December 15, 2016. In August 2014, FASB issued ASU No. 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. This standard is intended to define management’s responsibility to evaluate whether there is substantial doubt about an organization’s ability to continue as a going concern and to provide related footnote disclosures. Under U.S. GAAP, financial statements are prepared under the presumption that the reporting organization will continue to operate as a going concern, except in limited circumstances. Financial reporting under this presumption is commonly referred to as the going concern basis of accounting. The going concern basis of accounting is critical to financial reporting because it establishes the fundamental basis for measuring and classifying assets and liabilities. Currently, U.S. GAAP lacks guidance about management’s responsibility to evaluate whether there is substantial doubt about the organization’s ability to continue as a going concern or to provide related footnote disclosures. This ASU provides guidance to an organization’s management, with principles and definitions that are intended to reduce diversity in the timing and content of disclosures that are commonly provided by organizations today in the financial statement footnotes. The amendments are effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early application is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. The adoption of this standard is not expected to have a material impact on the Company’s financial position and results of operations. In April 2015, the FASB issued ASU No. 2015-03, "Simplifying the Presentation of Debt Issuance Costs." This standard amends existing guidance to require the presentation of debt issuance costs in the balance sheet as a deduction from the carrying amount of the related debt liability instead of a deferred charge. It is effective for annual reporting periods beginning after December 15, 2015, but early adoption is permitted. The Company is currently evaluating the impact the adoption of this standard would have on our condensed financial statements.
Subsequent Events, Policy [Policy Text Block]	Management’s Evaluation of Subsequent Events The Company evaluates events that have occurred after the balance sheet date of June 30, 2015, through the date which the financial statements are issued.

Summary of Significant Accoun16

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the three months ended June 30, 2014, the Company calculated the potential diluted earnings per share in accordance with ASC 260, as follows: Three months ended June 30, 2014 Numerator: Net income (numerator for basic and diluted earnings per share) $ 278,621 Weighted average shares outstanding (denominator for basic earnings per share) 9,370,172 Effect of dilutive securities: Assumed exercise of stock options, treasury method 846,566 Assumed exercise of warrants, treasury method 555,735 Assumed vesting of Restricted Stock Units 1,197 Dilutive potential common shares 1,403,498 Denominator for diluted earnings per share – weighted average shares and assumed potential common shares 10,773,670 Earnings per share, diluted $ 0.03
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Potentially dilutive securities outlined in the table below have been excluded from the computation of diluted net (loss) income per share because the effect of their inclusion would have been anti-dilutive. For the Three Months Ended For the Six Months Ended June 30, June 30, 2015 2014 2015 2014 Consulting Warrant to purchase common stock 271,272 - 271,272 278,228 Financing Warrant to purchase common stock 152,778 - 152,778 152,778 IPO Warrants to purchase common stock 460,000 - 460,000 460,000 IR Consulting Warrant 36,000 - 36,000 36,000 IR Incentive Warrant 15,000 - 15,000 - Options to purchase common stock 1,593,550 - 1,593,550 1,737,965 RSUs 1,043,352 - 1,043,352 4,035 PSUs 1,182,291 - 1,182,291 - Total potentially dilutive securities 4,754,243 - 4,754,243 2,669,006

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2015
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	The future minimum lease payments for leased locations are as follows: For the Years Ended December 31, Amount 2015 (Six Months) $ 219,282 2016 448,488 2017 462,135 2018 475,838 2019 344,611 Total $ 1,950,354

Stock Based Compensation (Table

Stock Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	The following is a summary of the Company’s stock option activity during the six months ended June 30, 2015: Weighted Weighted Weighted Average Average Average Remaining Number of Exercise Grant Date Life In Intrinsic Options Price Fair Value Years Value Outstanding at January 1, 2015 1,607,075 $ 4.41 $ 2.46 9.0 $ - Granted - - - - - Exercised (5,693) (2.49) (1.42) - - Forfeited (7,832) (2.49) (1.42) - - Outstanding at June 30, 2015 1,593,550 $ 4.42 $ 2.47 8.6 $ 5,227,000 Exercisable at January 1, 2015 550,298 $ 4.33 $ 2.41 9.1 $ - Vested 197,208 4.46 - - - Exercised (5,693) (2.49) - - - Forfeited - - - - - Exercisable at June 30, 2015 741,813 $ 4.38 $ 2.45 8.6 $ 2,451,000
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]	The following table presents information related to stock options outstanding and exercisable at June 30, 2015: Options Outstanding Options Exercisable Weighted Average Outstanding Remaining Life In Exercisable Number of Exercise Price Number of Options Years Options $ 1.68 275,689 8.5 120,614 2.49 313,229 8.5 142,907 3.63 51,958 8.7 51,958 4.99 99,214 8.7 44,076 6.00 853,460 8.7 382,258 1,593,550 8.6 741,813
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	A summary of the activity related to RSUs for the six months ended June 30, 2015 is presented below: Weighted Average Grant Total Date Fair Value Outstanding at January 1, 2015 733,628 $ 10.49 RSUs granted 575,096 $ 9.06 RSUs forfeited (102,541) $ 9.74 Shares of common stock issued in exchange for RSUs (162,831) $ 10.82 Outstanding at June 30, 2015 1,043,352 $ 9.73 Vested at January 1, 2015 6,349 $ 9.94 RSUs vested 159,120 $ 10.85 RSUs forfeited - $ - Shares of common stock issued in exchange for RSUs (162,831) $ 10.82 Vested at June 30, 2015 2,638 $ 10.52
Share-based Compensation, Performance Shares Award Outstanding Activity [Table Text Block]	A summary of the activity related to PSUs for the six months ended June 30, 2015 is presented below: Weighted Average Grant Total Date Fair Value Outstanding at January 1, 2015 - $ - PSUs granted 1,182,291 $ 2.62 PSUs forfeited - $ - Shares of common stock issued in exchange for PSUs - $ - Outstanding at June 30, 2015 1,182,291 $ 2.62 Vested at January 1, 2015 - $ - PSUs vested 1,072 $ 2.62 PSUs forfeited - $ - Shares of common stock issued in exchange for PSUs - $ - Vested at June 30, 2015 1,072 $ 2.62
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	The following tables summarize total stock-based compensation costs recognized for the three and six months ended June 30, 2015 and 2014: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Stock options $ 232,907 $ 314,210 $ 492,422 $ 745,305 RSUs 843,260 7,626 2,177,135 7,626 IR warrants - 98,545 85,831 159,573 PSUs 43,378 - 43,378 - Total $ 1,119,545 $ 420,381 $ 2,798,766 $ 912,504
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]	The total amount of stock-based compensation was reflected within the statements of operations as: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Research and development $ 499,993 $ 95,485 $ 1,534,311 $ 239,252 General and administrative 489,938 155,128 933,585 492,510 Sales and marketing 129,614 169,768 330,870 180,742 Total $ 1,119,545 $ 420,381 $ 2,798,766 $ 912,504

Liquidity and Management Plans

Liquidity and Management Plans (Details Textual) - USD ($)	Nov. 12, 2014	Sep. 10, 2014	Apr. 24, 2015	Apr. 30, 2014	Mar. 31, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Liquidity And Management Plans [Line Items]
Engineering product development						$ 225,000		$ 425,000
Net loss						(6,146,582)	$ 278,621	(13,071,861)	$ (30,731,102)
Cash and Cash Equivalents, at Carrying Value, Total						$ 20,508,268	$ 22,945,443	$ 20,508,268	22,945,443	$ 31,494,592	$ 1,953,780
Debt Conversion, Converted Instrument, Shares Issued								1,833,336
Stock Issued During Period Shares Upon Conversion Of Debt Instrument Interest								96,792
Proceeds from Other Equity								$ 0	900,000
Payments for Commissions									$ 100,000
Proceeds from Issuance of Debt			$ 75,000,000
Number Of Shares Issued To Landlord As Prepaid Rent And Tenant Improvements		41,563
Common Stock [Member]
Liquidity And Management Plans [Line Items]
Net loss								0
Proceeds from Issuance of Common Stock								$ 21,000,000
Stock Issued During Period, Shares, Issued for Services				210,527				15,000
Proceeds from Other Equity				$ 700,000	$ 300,000
Stock Issued During Period, Shares, Share-based Compensation, Gross	5,353
Stock Issued During Period, Shares, Other								6,927		3,285,714
IPO [Member]
Liquidity And Management Plans [Line Items]
Stock Issued During Period, Shares, New Issues				4,600,000
Proceeds from Issuance of Common Stock				$ 24,800,000

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Numerator:
Net income (numerator for basic and diluted earnings per share)	$ (6,146,582)	$ 278,621	$ (13,071,861)	$ (30,731,102)
Weighted average shares outstanding (denominator for basic earnings per share)	12,914,768	9,370,172	12,851,677	6,057,598
Effect of dilutive securities:
Assumed exercise of stock options, treasury method		846,566
Assumed exercise of warrants, treasury method		555,735
Assumed vesting of Restricted Stock Units		1,197
Dilutive potential common shares		1,403,498
Denominator for diluted earnings per share - weighted average shares and assumed potential common shares	12,914,768	10,773,670	12,851,677	6,057,598
Earnings per share, diluted	$ (0.48)	$ 0.03	$ (1.02)	$ (5.07)

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Details 1) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	4,754,243	0	4,754,243	2,669,006
Consulting Warrant [Member]
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	271,272	0	271,272	278,228
Financing Warrant [Member]
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	152,778	0	152,778	152,778
IPO Warrants [Member]
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	460,000	0	460,000	460,000
IR Consulting Warrant [Member]
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	36,000	0	36,000	36,000
IR Incentive Warrant [Member]
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	15,000	0	15,000	0
Stock Option [Member]
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	1,593,550	0	1,593,550	1,737,965
Restricted Stock Units (RSUs) [Member]
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	1,043,352	0	1,043,352	4,035
Phantom Share Units (PSUs) [Member]
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	1,182,291	0	1,182,291	0

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Summary Of Significant Accounting Policies [Line Items]
Research and Development Expense, Total	$ 3,779,852	$ 1,556,493	$ 8,055,416	$ 2,485,706
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	4,754,243	0	4,754,243	2,669,006

Commitments and Contingencies23

Commitments and Contingencies (Details)	Jun. 30, 2015USD ($)
Commitments and Contingencies [Line Items]
2015 (Six Months)	$ 219,282
2,016	448,488
2,017	462,135
2,018	475,838
2,019	344,611
Total	$ 1,950,354

Commitments and Contingencies24

Commitments and Contingencies (Details Textual) - USD ($)	Jul. 13, 2015	Jul. 09, 2015	Sep. 10, 2014	Feb. 26, 2015	Sep. 30, 2014	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Commitments and Contingencies [Line Items]
Investor Relations Agreement, Initiation Date									Jan. 13, 2014
Stock based compensation expense						$ 1,119,545		$ 420,381	$ 2,798,766	$ 912,504
Cash Compensation For Services Received Per Month 1											$ 8,000
Lease Expiration Date									Jun. 30, 2019
Payments for Tenant Improvements			$ 100,000
Payments for Rent			$ 400,000
Operating Leases, Rent Expense, Sublease Rentals									$ 6,109
Deferred Revenue, Revenue Recognized						225,000			$ 425,000
Employment Agreement Percentage of Base Salary									100.00%
Officers' Compensation									$ 365,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross									0
Performance Based Equity Plan Market Capitalization Maximum Amount									$ 1,100,000,000
Stock Issued During Period, Value, Issued for Services									147,900	0
Number Of Shares Issued To Landlord As Prepaid Rent And Tenant Improvements			41,563
Shares Issued To Landlord As Prepaid Rent And Tenant Improvements Value			$ 500,000
General and Administrative Expense [Member]
Commitments and Contingencies [Line Items]
Amortization of Intangible Assets						73,950			110,925
Consulting Agreement [Member]
Commitments and Contingencies [Line Items]
Payments for Fees				$ 5,000
Employee Stock Option [Member]
Commitments and Contingencies [Line Items]
Deferred Compensation Arrangement with Individual, Fair Value of Shares Issued									$ 275,689
Deferred Compensation Arrangement with Individual, Exercise Price									$ 1.68
Deferred Compensation Arrangement with Individual, Maximum Contractual Term									48 months
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period									4 years
Licensing Agreements [Member]
Commitments and Contingencies [Line Items]
Research and Development Arrangement, Contract to Perform for Others, Compensation Earned									$ 500,000
Performance-Based Equity Plan [Member]
Commitments and Contingencies [Line Items]
Percentage Of Performance Share Units To Be Earned On Achievement Of Market Capitalization Growth									100.00%
Percentage Of Performance Share Units To Be Paid On Quarterly Basis									50.00%
Percentage Of Performance Share Units To Be Paid On Termination of Employment Agreement									25.00%
Performance Based Equity Plan, Market Capitalization Minimum Amount									$ 100,000,000
Performance Based Equity Plan Market Capitalization Maximum Amount									$ 1,100,000,000
Performance-Based Equity Plan [Member] | Phantom Share Units (PSUs) [Member]
Commitments and Contingencies [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross									639,075
Second Employee Stock Option [Member]
Commitments and Contingencies [Line Items]
Deferred Compensation Arrangement with Individual, Fair Value of Shares Issued									$ 496,546
Deferred Compensation Arrangement with Individual, Exercise Price									$ 6
Balzer Family Investments, L.P [Member]
Commitments and Contingencies [Line Items]
Operating Leases, Rent Expense					$ 36,720
Operating Leases Expiration Period					60 months
Operating Leases, Rent Expense, Net					$ 6,732
Common Stock [Member] | Consulting Agreement [Member]
Commitments and Contingencies [Line Items]
Stock Issued During Period, Shares, Issued for Services				15,000
Stock Issued During Period, Value, Issued for Services				$ 147,900
Subsequent Event [Member]
Commitments and Contingencies [Line Items]
Operating Leases, Rent Expense		$ 6,376
Lease Expiration Date		Sep. 30, 2017
Officers' Compensation	$ 250,000
Subsequent Event [Member] | Hosted Design Solution Agreement [Member]
Commitments and Contingencies [Line Items]
Other Cost of Services	$ 100,568
IR Consulting Warrant [Member]
Commitments and Contingencies [Line Items]
Warrants Issued To Purchase Common Stock, Shares											36,000
Investment Warrants, Exercise Price											$ 7.80
Warrants Exercise Price, Representing IPO Price Percentage											130.00%
Warrants Vesting, Each Month Of Service											3,000
Warrants Vesting Thereafter, Each Month Of Service											3,000
Warrant Vested During Period, Shares							36,000
Stock based compensation expense						$ 0		$ 98,545	$ 7,522	$ 159,573
IR Incentive Warrant [Member]
Commitments and Contingencies [Line Items]
Warrants Issued To Purchase Common Stock, Shares				15,000
Investment Warrants, Exercise Price				$ 7.80
Terms Of Incentive Warrant Market Maker				$ 250,000
IR Consulting And Incentive Warrant [Member]
Commitments and Contingencies [Line Items]
Warrants Term									4 years

Stockholders' Equity (Details T

Stockholders' Equity (Details Textual) - USD ($)	1 Months Ended	6 Months Ended
	Apr. 24, 2015	Jun. 30, 2015	Jun. 30, 2014
Class of Stock [Line Items]
Proceeds from Issuance of Debt	$ 75,000,000
Proceeds From Disgorgement Of Short Swing Profit		$ 12,611	$ 0

Stock Based Compensation (Detai

Stock Based Compensation (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Outstanding	1,607,075
Number of Options, Granted	0
Number of Options, Exercised	(5,693)
Number of Options, Forfeited	(7,832)
Number of Options, Outstanding	1,593,550	1,607,075
Number of Options, Exercisable	550,298
Number of Options, Vested	197,208
Number of Options, Exercised	(5,693)
Number of Options, Exercisable	741,813	550,298
Weighted Average Exercise Price, Outstanding	$ 4.41
Weighted Average Exercise Price, Granted	0
Weighted Average Exercise Price, Exercised	(2.49)
Weighted Average Exercise Price, Forfeited	(2.49)
Weighted Average Exercise Price, Outstanding	4.42	$ 4.41
Weighted Average Exercise Price, Exercisable	4.33
Weighted Average Exercise Price, Vested	4.46
Weighted Average Exercise Price, Exercised	(2.49)
Weighted Average Exercise Price, Exercisable	4.38	4.33
Weighted Average Grant Date Fair Value, Outstanding	2.46
Weighted Average Grant Date Fair Value, Granted	0
Weighted Average Grant Date Fair Value, Exercised	(1.42)
Weighted Average Grant Date Fair Value, Forfeited	(1.42)
Weighted Average Grant Date Fair Value, Outstanding	2.47	2.46
Weighted Average Grant Date Fair Value, Exercisable	2.41
Weighted Average Grant Date Fair Value, Vested	0
Weighted Average Grant Date Fair Value, Exercisable	$ 2.45	$ 2.41
Weighted Average Remaining Life In Years, Outstanding	8 years 7 months 6 days	9 years
Weighted Average Remaining Life In Years, Exercisable	8 years 7 months 6 days	9 years 1 month 6 days
Intrinsic Value, Outstanding	$ 0
Intrinsic Value, Exercised	0
Intrinsic Value, Outstanding	5,227,000	$ 0
Intrinsic Value, Exercisable	0
Intrinsic Value, Exercisable	$ 2,451,000	$ 0

Stock Based Compensation (Det27

Stock Based Compensation (Details 1) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price	$ 4.42	$ 4.41
Number of Options, Outstanding	1,593,550	1,607,075
Weighted Average Remaining Life In Years	8 years 7 months 6 days	9 years 1 month 6 days
Number of Options, Exercisable	741,813	550,298
Stock Option One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price	$ 1.68
Number of Options, Outstanding	275,689
Weighted Average Remaining Life In Years	8 years 6 months
Number of Options, Exercisable	120,614
Stock Option Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price	$ 2.49
Number of Options, Outstanding	313,229
Weighted Average Remaining Life In Years	8 years 6 months
Number of Options, Exercisable	142,907
Stock Option Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price	$ 3.63
Number of Options, Outstanding	51,958
Weighted Average Remaining Life In Years	8 years 8 months 12 days
Number of Options, Exercisable	51,958
Stock Option Four [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price	$ 4.99
Number of Options, Outstanding	99,214
Weighted Average Remaining Life In Years	8 years 8 months 12 days
Number of Options, Exercisable	44,076
Stock Option Five [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price	$ 6
Number of Options, Outstanding	853,460
Weighted Average Remaining Life In Years	8 years 8 months 12 days
Number of Options, Exercisable	382,258

Stock Based Compensation (Det28

Stock Based Compensation (Details 2) - $ / shares	6 Months Ended
	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested at January 1, 2015	733,628
RSU Granted	575,096
RSUs forfeited	(102,541)
Shares of common stock issued in exchange for RSUs	(162,831)
Nonvested at June 30, 2015	1,043,352
Weighted Average Grant Date Fair Value, Nonvested at January 1, 2015	$ 10.49
Weighted Average Grant Date Fair Value, RSU Granted	9.06
Weighted Average Grant Date Fair Value, RSUs forfeited	9.74
Weighted Average Grant Date Fair Value, Shares of common stock issued in exchange for RSUs	10.82
Weighted Average Grant Date Fair Value, Nonvested at June 30, 2015	9.73
Weighted Average Grant Date Fair Value, Vested at January 1, 2015	9.94
Weighted Average Grant Date Fair Value, RSUs vested	10.85
Weighted Average Grant Date Fair Value, Shares of common stock issued in exchange for RSUs	10.82
Weighted Average Grant Date Fair Value, Vested at June 30, 2015	$ 10.52
Vested at January 1, 2015	6,349
RSUs vested	159,120
Shares of common stock issued in exchange for RSUs	(162,831)
Vested at June 30, 2015	2,638

Stock Based Compensation (Det29

Stock Based Compensation (Details 3) - $ / shares	6 Months Ended
	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Outstanding	1,607,075
PSUs granted	0
PSUs forfeited	(7,832)
Shares of common stock issued in exchange for PSUs	(5,693)
Number of Options, Outstanding	1,593,550
Vested at January 1, 2015	6,349
Vested at June 30, 2015	2,638
Weighted Average Grant Date Fair Value, Outstanding	$ 2.46
Weighted Average Grant Date Fair Value, PSUs granted	0
Weighted Average Grant Date Fair Value, PSUs forfeited	(1.42)
Weighted Average Grant Date Fair Value, Outstanding	2.47
Weighted Average Grant Date Fair Value, PSUs vested	$ 0
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Outstanding	0
PSUs granted	1,182,291
PSUs forfeited	0
Shares of common stock issued in exchange for PSUs	0
Number of Options, Outstanding	1,182,291
Vested at January 1, 2015	0
PSUs vested	1,072
PSUs forfeited	0
Shares of common stock issued in exchange for PSUs	0
Vested at June 30, 2015	1,072
Weighted Average Grant Date Fair Value, Outstanding	$ 0
Weighted Average Grant Date Fair Value, PSUs granted	2.62
Weighted Average Grant Date Fair Value, PSUs forfeited	0
Weighted Average Grant Date Fair Value, Shares of common stock issued in exchange for PSUs	0
Weighted Average Grant Date Fair Value, Outstanding	2.62
Weighted Average Grant Date Fair Value, Vested at January 1, 2015	0
Weighted Average Grant Date Fair Value, PSUs vested	2.62
Weighted Average Grant Date Fair Value, PSUs forfeited	0
Weighted Average Grant Date Fair Value, Shares of common stock issued in exchange for PSUs	0
Weighted Average Grant Date Fair Value, Vested at January 1, 2015	$ 2.62

Stock Based Compensation (Det30

Stock Based Compensation (Details 4) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based Compensation, Total	$ 1,119,545	$ 420,381	$ 2,798,766	$ 912,504
IR Consulting Warrant [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	0	98,545	85,831	159,573
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	843,260	7,626	2,177,135	7,626
Phantom Share Units (PSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	43,378	0	43,378	0
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	$ 232,907	$ 314,210	$ 492,422	$ 745,305

Stock Based Compensation (Det31

Stock Based Compensation (Details 5) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based Compensation, Total	$ 1,119,545	$ 420,381	$ 2,798,766	$ 912,504
Research and Development Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	499,993	95,485	1,534,311	239,252
General and Administrative Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	489,938	155,128	933,585	492,510
Sales and Marketing Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	$ 129,614	$ 169,768	$ 330,870	$ 180,742

Stock Based Compensation (Det32

Stock Based Compensation (Details Textual) - Subsequent Event Type [Domain] - USD ($)

Jan. 02, 2015

Aug. 14, 2014

Jun. 23, 2015

May. 21, 2015

Feb. 26, 2015

Jan. 22, 2015

Jun. 30, 2015

Mar. 31, 2015

Jun. 30, 2014

Jun. 30, 2015

Jun. 30, 2014

Dec. 31, 2014

Apr. 10, 2015

Mar. 06, 2014

Dec. 31, 2013

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross

0

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

575,096

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period

(159,120)

Performance Based Equity Plan Market Capitalization Maximum Amount

$ 1,100,000,000

Sharebased Compensation Arrangement By Sharebased Payment Award Options Grants In Period Fair Value

3,100,000

Performance Based Equity Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Performance Based Equity Plan Market Capitalization Minimum Amount

$ 100,000,000

Performance Based Equity Plan Market Capitalization Maximum Amount

$ 1,100,000,000

Percentage Of Performance Share Units To Be Earned On Achievement Of Market Capitalization Growth

100.00%

Equity Incentive Plan 2013 [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized

1,042,167

Share-based Compensation Arrangement by Share-based Payment Award, Other Share Increase (Decrease)

2,335,967

Share-based Compensation Arrangement by Share-based Payment Award, Plan Modification, Description and Terms

18%

Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures

262,186

Non-Employee Equity Compensation Plan 2014 [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized

250,000

Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures

156,495

Restricted Stock Units (RSUs) [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition

3 years 2 months 23 days

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

7,042

5,071

Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options

$ 8,832,369

$ 8,832,369

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

12.50%

12.50%

Share Based Compensation Arrangement By Share Based Payment Award Vesting Date

Dec. 29, 2015

Restricted Stock Units (RSUs) [Member] | Share-based Compensation Award, Tranche One [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period

3,500

Restricted Stock Units (RSUs) [Member] | Share-based Compensation Award, Tranche Two [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period

700

Restricted Stock Units (RSUs) [Member] | 2013 Equity Incentive Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period

2,100

Employees And Consultants [Member] | Restricted Stock Units (RSUs) [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

205,081

54,500

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period

13,074

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period

4 years

Share Based Compensation Arrangement By Share Based Payment Award Vesting Date

Apr. 30, 2015

Mr. Rizzone [Member] | Restricted Stock Units (RSUs) [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

246,226

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period

4 years

Employee [Member] | Restricted Stock Units (RSUs) [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

6,800

Employee [Member] | Restricted Stock Units (RSUs) [Member] | Equity Incentive Plan 2013 [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

6,300

Mr. Cesar Johnston | Restricted Stock Units (RSUs) [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

100,000

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding

$ 1,356,000

Director [Member] | Restricted Stock Units (RSUs) [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

17,576

13,182

Mr. Johnston [Member] | Restricted Stock Units (RSUs) [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period

4 years

Mr. Johnston [Member] | Restricted Stock Units (RSUs) [Member] | Equity Incentive Plan 2013 [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

1,500

Mr. Gaulding [Member] | Restricted Stock Units (RSUs) [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

25,000

Share Based Compensation Arrangement By Share Based Payment Award Vesting Date

Jan. 1, 2016

Employee Stock Option [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options

2,101,277

$ 2,101,277

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition

2 years 2 months 26 days

Performance Shares [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross

1,182,291

Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures

127,813

Performance Shares [Member] | Mr. Cesar Johnston | Restricted Stock Units (RSUs) [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

20,000

Performance Share Units [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized

1,310,104

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition

3 years 6 months

Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options

3,056,622

$ 3,056,622

Amortization of Financing Costs

$ 43,378

$ 0

$ 43,378

$ 0

Performance Share Units [Member] | Performance Based Equity Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross

639,075

Performance Share Units [Member] | Mr. Rizzone [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

639,075

Performance Share Units [Member] | Director [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

543,216

Related Party (Details Textual)

Related Party (Details Textual) - Jun. 30, 2015 - USD ($)	Total	Total
Howard Yeatons Service [Member]
Payments for Fees	$ 33,385	$ 59,348
Other Financial Advisory and Accounting Services [Member]
Payments for Fees	$ 13,089	$ 39,346

Subsequent Events (Details Text

Subsequent Events (Details Textual) - USD ($)	Jul. 13, 2015	Jul. 09, 2015	Jun. 30, 2015
Subsequent Event [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			575,096
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			0
Lease Expiration Date			Jun. 30, 2019
Officers' Compensation			$ 365,000
Performance Shares [Member]
Subsequent Event [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			1,182,291
Subsequent Event [Member]
Subsequent Event [Line Items]
Lease Expiration Date		Sep. 30, 2017
Operating Leases, Rent Expense		$ 6,376
Officers' Compensation	$ 250,000
Deferred Compensation Arrangement with Individual, Cash Awards Granted, Percentage	75.00%
Contract Termination Claims, Description	In the event Mr. Sereda is terminated without cause, he is entitled to (1) six months of his then-current base salary and (2) payment of COBRA premiums for up to six months.
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage			100.00%
Subsequent Event [Member] | Restricted Stock Units (RSUs) [Member]
Subsequent Event [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	120,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
Subsequent Event [Member] | Restricted Stock Units (RSUs) [Member] | 2014 Non-Employee Equity Compensation Plan [Member]
Subsequent Event [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	5,061
Share Based Compensation Arrangement By Share Based Payment Award Vesting Date	Jan. 4, 2016
Subsequent Event [Member] | Performance Shares [Member] | 2015 Performance Share Unit Plan [Member]
Subsequent Event [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	31,954