Energous (WATT) 10-Q 12 Nov 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 10, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
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		13,183,006

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 15,510,189	$ 31,494,592
Accounts receivable	2,000,000	0
Prepaid expenses and other current assets	568,818	416,580
Prepaid rent, current	80,784	80,784
Total current assets	18,159,791	31,991,956
Property and equipment, net	1,630,416	1,515,299
Prepaid rent, non-current	238,432	299,020
Other assets	38,931	22,648
Total assets	20,067,570	33,828,923
Current liabilities:
Accounts payable	1,774,602	1,716,011
Accrued expenses	987,294	792,349
Total current liabilities	$ 2,761,896	$ 2,508,360
Commitments and contingencies
Stockholders’ equity
Preferred Stock, $0.00001 par value, 10,000,000 shares authorized at September 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 September 30, 2015 and December 31, 2014; 13,154,948 and 12,781,502 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively.	131	127
Additional paid-in capital	87,128,543	82,465,914
Accumulated deficit	(69,823,000)	(51,145,478)
Total stockholders’ equity	17,305,674	31,320,563
Total liabilities and stockholders’ equity	$ 20,067,570	$ 33,828,923

CONDENSED BALANCE SHEETS (Paren

CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 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	13,154,948	12,781,502
Common stock, shares outstanding	13,154,948	12,781,502

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenue:
Revenue	$ 2,075,000	$ 0	$ 2,500,000	$ 0
Operating expenses:
Research and development	4,758,590	3,699,057	13,008,190	6,184,762
Sales and marketing	767,762	809,333	2,518,114	2,036,793
General and administrative	2,156,965	1,322,048	5,663,583	3,124,439
Total operating expenses	7,683,317	5,830,438	21,189,887	11,345,994
Loss from operations	(5,608,317)	(5,830,438)	(18,689,887)	(11,345,994)
Other income (expense):
Change in fair value of derivative liabilities	0	0	0	(26,265,177)
Interest income (expense), net	2,656	5,258	12,365	(1,029,479)
Loss on retirement of fixed assets	0	(22,818)	0	(22,818)
Gain on debt extinguishment	0	0	0	2,084,368
Total	2,656	(17,560)	12,365	(25,233,106)
Net loss	$ (5,605,661)	$ (5,847,998)	$ (18,677,522)	$ (36,579,100)
Basic and diluted loss per common share	$ (0.43)	$ (0.62)	$ (1.45)	$ (5.08)
Weighted average shares outstanding, basic and diluted	13,018,494	9,458,359	12,907,893	7,203,642

CONDENSED STATEMENT OF CHANGES

CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - 9 months ended Sep. 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	724,708	$ 0	724,708	0
Stock-based compensation - IR warrants	85,831	0	85,831	0
Stock-based compensation - restricted stock units ("RSUs")	3,145,520	0	3,145,520	0
Stock-based compensation - employee stock purchase plan ("ESPP")	29,967	0	29,967	0
Stock-based compensation - performance share units ("PSUs")	320,409	0	320,409	0
Issuance of shares for RSUs	0	$ 3	(3)	0
Issuance of shares for RSUs (in shares)		236,297
Issuance of shares for PSUs	0	$ 0	0	0
Issuance of shares for PSUs (in shares)		1,072
Exercise of stock options	25,876	$ 0	25,876	0
Exercise of stock options (in shares)		10,392
Disgorgement on account of short swing profit	12,611	$ 0	12,611	0
Cashless exercise of warrants	0	$ 1	(1)	0
Cashless exercise of warrants (in shares)		110,685
Net loss	(18,677,522)	$ 0	0	(18,677,522)
Proceeds from contributions to the ESPP	169,811	0	169,811	0
Balance at Sep. 30, 2015	$ 17,305,674	$ 131	$ 87,128,543	$ (69,823,000)
Balance (in shares) at Sep. 30, 2015		13,154,948

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net loss	$ (18,677,522)	$ (36,579,100)
Adjustments to reconcile net loss to Net cash used in operating activities:
Depreciation and amortization	617,517	196,898
Stock based compensation	4,306,435	1,659,404
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
Loss on retirement of fixed assets	0	22,818
Amortization of prepaid rent from stock issuance to landlord	60,588	0
Changes in operating assets and liabilities:
Accounts receivable	(2,000,000)
Prepaid expenses and other current assets	(4,338)	(152,477)
Other assets	(16,283)	(1,610)
Accounts payable	58,591	1,128,076
Accrued expenses	194,945	89,361
Deferred revenue	0	0
Net cash used in operating activities	(15,460,067)	(8,490,970)
Cash flows used in investing activities:
Purchases of property and equipment	(732,634)	(815,500)
Net cash used in investing activities	(732,634)	(815,500)
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	25,876	0
Proceeds from contributions to employee stock purchase plan	169,811
Proceeds from the disgorgement of short-swing profit	12,611	0
Net cash provided by financing activities	208,298	25,773,170
Net (decrease) increase in cash and cash equivalents	(15,984,403)	16,466,700
Cash and cash equivalents - beginning	31,494,592	1,953,780
Cash and cash equivalents - ending	15,510,189	18,420,480
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 to landlord for tenant improvement of $100,000 and prepaid rent of $400,000	0	500,000
Increase in accrued expenses for the purchase of property and equipment	0	413,498
Common stock issued for services	$ 147,900	$ 0

CONDENSED STATEMENTS OF CASH F7

CONDENSED STATEMENTS OF CASH FLOWS (Parenthetical)	9 Months Ended
	Sep. 30, 2015USD ($)
Payments for Tenant Improvements	$ 100,000
Payments for Rent	$ 400,000

Business Organization, Nature o

Business Organization, Nature of Operations	9 Months Ended
	Sep. 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 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 in a radius or in a circular charging envelope of up to thirty (30) 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	9 Months Ended
	Sep. 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 nine months ended September 30, 2015, the Company has recorded revenue of $ 2,075,000 2,500,000 18,677,522 36,579,100 15,460,067 8,490,970 As of September 30, 2015, the Company had cash on hand of $ 15,510,189 4,600,000 24.8 1,833,336 96,792 210,527 900,000 300,000 700,000 100,000 3,285,714 21.0 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 its 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	9 Months Ended
	Sep. 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”). . 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, 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. 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. The Company also receives 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, generally included in research and development expense, in the periods incurred. 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 $ 4,758,590 3,699,057 13,008,190 6,184,762 The Company accounts for equity instruments issued to employees in accordance with accounting guidance that requires awards to be 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 typically the vesting term of the equity instrument issued. On April 10, 2015, the Company’s board of directors approved the Energous Corporation Employee Stock Purchase Plan (the “ESPP”), under which 600,000 shares of common stock were reserved for purchase by the Company’s employees, subject to approval by the stockholders. Under the plan, employees may purchase a limited number of shares of the Company’s common stock at a 15% discount from the lower of the closing market prices measured on the first and last days of each half-year period. The Company recognizes compensation expense for the fair value of the purchase options, as measured on the grant date. 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 September 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 nine months ended September 30, 2015 and 2014. Basic net loss per share is computed by dividing net loss 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”) and the enrollment of employees in the ESPP. The computation of diluted loss per share excludes potentially dilutive securities of 4,834,690 3,060,301 4,834,690 3,060,301 For the Three Months Ended For the Nine Months Ended September 30, September 30, 2015 2014 2015 2014 Consulting Warrant to purchase common stock 166,937 278,228 166,937 278,228 Financing Warrant to purchase common stock 152,778 152,778 152,778 152,778 IPO Warrants to purchase common stock 460,000 460,000 460,000 460,000 IR Consulting Warrant 36,000 36,000 36,000 36,000 IR Incentive Warrant 15,000 - 15,000 - Options to purchase common stock 1,588,851 1,671,235 1,588,851 1,671,235 RSUs 1,174,990 462,060 1,174,990 462,060 PSUs 1,213,173 - 1,213,173 - ESPP 26,961 - 26,961 - Total potentially dilutive securities 4,834,690 3,060,301 4,834,690 3,060,301 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. A public organization would apply the new revenue standard to all interim reporting periods within the year of adoption. The Company will evaluate the effects, if any, that adoption of this guidance will have on its financial statements. 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. In August 2015, the FASB issued ASU No. 2015-15, “Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements” – Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015, which clarified the SEC staff’s position on presenting and measuring debt issuance costs incurred in connection with line-of-credit arrangements. ASU 2015-15 should be adopted concurrent with the adoption of ASU 2015-03. The Company is currently evaluating the impact the adoption of these standards will have on its condensed financial statements. The Company evaluates events that have occurred after the balance sheet date of September 30, 2015, through the date which the financial statements are issued.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 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 The shares underlying both the IR Consulting Warrant and the IR Incentive Warrants may be exercised on a cashless basis if at the time of exercise, such warrant shares have not been registered. As of March 31, 2015, all 36,000 0 39,410 7,522 198,983 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 36,975 147,900 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 June 30, 2019 and an initial monthly rent of $ 6,109 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 and a monthly rent of $ 6,376 For the Years Ended December 31, Amount 2015 (Three Months) $ 130,117 2016 529,309 2017 572,722 2018 530,531 2019 372,652 Total $ 2,135,331 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 75,000 500,000 2,000,000 2,000,000 , 2015. During the three and nine months ended September 30, 2015, the Company recognized as revenue an aggregate of $ 2,075,000 2,500,000 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 electronic 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 the amount of $ 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 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 ( 25 100 Offer Letter – Brian Sereda 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.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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% of the total number of shares of common stock outstanding immediately following the completion of the IPO (assuming for this purpose the issuance of all shares issuable under the Company’s equity plans, the conversion into common stock of all outstanding securities that are convertible by their terms into common stock and the exercise of all options and warrants exercisable for shares of common stock and including shares and warrants issued to the underwriters for such IPO upon exercise of its over-allotment options). As of September 30, 2015, 262,186 equity-based instruments under the 2013 Equity Incentive Plan. 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 September 30, 2015, 146,383 equity-based instruments under the 2014 Non-Employee Equity Compensation Plan. 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 September 30, 2015, 95,859 Employee Stock Purchase Plan On April 10, 2015, the Company’s board of directors approved the ESPP, under which 600,000 As of September 30, 2015, 600,000 169,811 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 (10,392) 2.49 1.42 - - Forfeited (7,832) 2.49 1.42 - - Outstanding at September 30, 2015 1,588,851 $ 4.43 $ 2.48 8.4 $ 3,924,000 Exercisable at January 1, 2015 550,298 $ 4.33 $ 2.41 9.1 $ - Vested 290,056 4.42 - - - Exercised (10,392) 2.49 - - - Forfeited - - - - - Exercisable at September 30, 2015 829,962 $ 4.38 $ 2.46 8.4 $ 2,064,000 Options Outstanding Options Exercisable Weighted Average Outstanding Remaining Life In Exercisable Number of Exercise Price Number of Options Years Options $ 1.68 275,689 8.2 137,845 2.49 308,530 8.3 156,457 3.63 51,958 8.4 51,958 4.99 99,214 8.5 49,088 6.00 853,460 8.5 434,614 1,588,851 8.4 829,962 As of September 30, 2015, the unamortized value of options was $ 1,878,887 2.0 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 an aggregate of 17,576 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 an aggregate of 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 an aggregate of 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 an aggregate of 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 an aggregate of 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 an aggregate of 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 On July 1, 2015, the Company appointed Martin Cooper to the Board of Directors with a term expiring at the Company’s 2016 annual stockholders 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 On July 13, 2015, the Company appointed Brian Sereda Vice President and Chief Financial Officer. As an inducement to join the Company, Mr. Sereda received an inducement restricted stock unit award covering a total of 120,000 On August 20, 2015, the compensation committee of the board of directors granted to three consultants RSUs under which the holders have the right to receive an aggregate of 8,854 1,416 During August 2015, the compensation committee of the board of directors granted to various employees inducement RSU awards under which the holders have the right to receive an aggregate of 74,992 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. 9,431,246 3.1 Weighted Average Grant Total Date Fair Value Outstanding at January 1, 2015 733,628 $ 10.49 RSUs granted 784,003 $ 8.62 RSUs forfeited (106,344) $ 9.74 Shares of common stock issued in exchange for RSUs (236,297) $ 10.57 Outstanding at September 30, 2015 1,174,990 $ 9.30 Vested at January 1, 2015 6,349 $ 9.94 RSUs vested 231,448 $ 10.57 RSUs forfeited - $ - Shares of common stock issued in exchange for RSUs (236,297) $ 10.57 Vested at September 30, 2015 1,500 $ 7.94 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 had 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 1.1 100 100 1.1 On July 1, 2015, the Company appointed Martin Cooper to the Board of Directors with a term expiring at the Company’s 2016 annual stockholders meeting. 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 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 1,214,245 3,183,784 277,031 0 320,409 0 2,863,375 3.3 Weighted Average Grant Total Date Fair Value Outstanding at January 1, 2015 - $ - PSUs granted 1,214,245 $ 2.62 PSUs forfeited - $ - Shares of common stock issued in exchange for PSUs (1,072) $ 2.62 Outstanding at September 30, 2015 1,213,173 $ 2.62 Vested at January 1, 2015 - $ - PSUs vested 1,072 $ 2.62 PSUs forfeited - $ - Shares of common stock issued in exchange for PSUs (1,072) $ 2.62 Vested at September 30, 2015 - $ - Employee Stock Purchase Plan (“ESPP”) The initial offering period for the ESPP is July 1, 2015 through December 31, 2015. On July 1, 2015 employees enrolled in the ESPP agreed to have withheld up to approximately $339,623. If all participants exercised their option under the ESPP, approximately 53,921 169,811 0 The weighted-average grant-date fair value of the purchase option for each designated share purchased under this plan was approximately $ 2.46 29,967 Options Granted During the Nine Months Ended September 30, 2015 Stock price $ 7.41 Dividend yield 0 % Expected volatility 65 % Risk-free interest rate 0.13 % Expected life 6 months Stock-Based Compensation Expense Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Stock options $ 232,286 $ 325,634 $ 724,708 $ 1,070,939 RSUs 968,385 381,856 3,145,520 389,482 IR warrants - 39,410 85,831 198,983 PSUs 277,031 - 320,409 - ESPP 29,967 - 29,967 - Total $ 1,507,669 $ 746,900 $ 4,306,435 $ 1,659,404 Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Research and development $ 582,320 $ 329,138 $ 2,116,631 $ 568,390 General and administrative 739,842 165,228 1,673,427 657,738 Sales and marketing 185,507 252,534 516,377 433,276 Total $ 1,507,669 $ 746,900 $ 4,306,435 $ 1,659,404

Related Party

Related Party	9 Months Ended
	Sep. 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 4), replacing Interim Chief Financial Officer Howard Yeaton. Howard Yeaton is the Managing Principal of Financial Consulting Strategies LLC (“FCS”). During the three and nine months ended September 30, 2015, the Company incurred fees to FCS of $2,500 and $61,848 in connection with Mr. Yeaton’s services as Interim Chief Financial Officer and $28,405 and $67,751, respectively, for other financial advisory and accounting services provided by FCS.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Note 8 – Subsequent Events On October 5, 2015, George B. Holmes resigned as Chief Commercial Officer of the Company. Mr. Holmes will provide consulting services to the Company pursuant to a six month consulting agreement pursuant to which he will receive consulting fees totaling $ 80,000 In connection with the consulting arrangement, Mr. Holmes was permitted to extend the exercise period for an option to purchase 80,201 shares of the Company’s common stock at an exercise price of $2.49 per share and an aggregate of 44,836 RSUs would be allowed to vest pursuant to their terms.

Summary of Significant Accoun16

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 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”). .
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, 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.
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]	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. The Company also receives 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, generally included in research and development expense, in the periods incurred.
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 $ 4,758,590 3,699,057 13,008,190 6,184,762
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 awards to be 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 typically the vesting term of the equity instrument issued. On April 10, 2015, the Company’s board of directors approved the Energous Corporation Employee Stock Purchase Plan (the “ESPP”), under which 600,000 shares of common stock were reserved for purchase by the Company’s employees, subject to approval by the stockholders. Under the plan, employees may purchase a limited number of shares of the Company’s common stock at a 15% discount from the lower of the closing market prices measured on the first and last days of each half-year period. The Company recognizes compensation expense for the fair value of the purchase options, as measured on the grant date.
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 September 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 nine months ended September 30, 2015 and 2014.
Earnings Per Share, Policy [Policy Text Block]	Net (Loss) Income Per Common Share Basic net loss per share is computed by dividing net loss 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”) and the enrollment of employees in the ESPP. The computation of diluted loss per share excludes potentially dilutive securities of 4,834,690 3,060,301 4,834,690 3,060,301 For the Three Months Ended For the Nine Months Ended September 30, September 30, 2015 2014 2015 2014 Consulting Warrant to purchase common stock 166,937 278,228 166,937 278,228 Financing Warrant to purchase common stock 152,778 152,778 152,778 152,778 IPO Warrants to purchase common stock 460,000 460,000 460,000 460,000 IR Consulting Warrant 36,000 36,000 36,000 36,000 IR Incentive Warrant 15,000 - 15,000 - Options to purchase common stock 1,588,851 1,671,235 1,588,851 1,671,235 RSUs 1,174,990 462,060 1,174,990 462,060 PSUs 1,213,173 - 1,213,173 - ESPP 26,961 - 26,961 - Total potentially dilutive securities 4,834,690 3,060,301 4,834,690 3,060,301
New Accounting Pronouncements, Policy [Policy Text Block]	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. A public organization would apply the new revenue standard to all interim reporting periods within the year of adoption. The Company will evaluate the effects, if any, that adoption of this guidance will have on its financial statements. 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. In August 2015, the FASB issued ASU No. 2015-15, “Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements” – Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015, which clarified the SEC staff’s position on presenting and measuring debt issuance costs incurred in connection with line-of-credit arrangements. ASU 2015-15 should be adopted concurrent with the adoption of ASU 2015-03. The Company is currently evaluating the impact the adoption of these standards will have on its 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 September 30, 2015, through the date which the financial statements are issued.

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
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 per share because the effect of their inclusion would have been anti-dilutive. For the Three Months Ended For the Nine Months Ended September 30, September 30, 2015 2014 2015 2014 Consulting Warrant to purchase common stock 166,937 278,228 166,937 278,228 Financing Warrant to purchase common stock 152,778 152,778 152,778 152,778 IPO Warrants to purchase common stock 460,000 460,000 460,000 460,000 IR Consulting Warrant 36,000 36,000 36,000 36,000 IR Incentive Warrant 15,000 - 15,000 - Options to purchase common stock 1,588,851 1,671,235 1,588,851 1,671,235 RSUs 1,174,990 462,060 1,174,990 462,060 PSUs 1,213,173 - 1,213,173 - ESPP 26,961 - 26,961 - Total potentially dilutive securities 4,834,690 3,060,301 4,834,690 3,060,301

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 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 (Three Months) $ 130,117 2016 529,309 2017 572,722 2018 530,531 2019 372,652 Total $ 2,135,331

Stock Based Compensation (Table

Stock Based Compensation (Tables)	9 Months Ended
	Sep. 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 nine months ended September 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 (10,392) 2.49 1.42 - - Forfeited (7,832) 2.49 1.42 - - Outstanding at September 30, 2015 1,588,851 $ 4.43 $ 2.48 8.4 $ 3,924,000 Exercisable at January 1, 2015 550,298 $ 4.33 $ 2.41 9.1 $ - Vested 290,056 4.42 - - - Exercised (10,392) 2.49 - - - Forfeited - - - - - Exercisable at September 30, 2015 829,962 $ 4.38 $ 2.46 8.4 $ 2,064,000
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 September 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 8.2 137,845 2.49 308,530 8.3 156,457 3.63 51,958 8.4 51,958 4.99 99,214 8.5 49,088 6.00 853,460 8.5 434,614 1,588,851 8.4 829,962
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	At September 30, 2015, the unamortized value of the RSUs was $ 9,431,246 3.1 Weighted Average Grant Total Date Fair Value Outstanding at January 1, 2015 733,628 $ 10.49 RSUs granted 784,003 $ 8.62 RSUs forfeited (106,344) $ 9.74 Shares of common stock issued in exchange for RSUs (236,297) $ 10.57 Outstanding at September 30, 2015 1,174,990 $ 9.30 Vested at January 1, 2015 6,349 $ 9.94 RSUs vested 231,448 $ 10.57 RSUs forfeited - $ - Shares of common stock issued in exchange for RSUs (236,297) $ 10.57 Vested at September 30, 2015 1,500 $ 7.94 At September 30, 2015, the unamortized value of the PSUs was approximately $ 2,863,375 3.30 Weighted Average Grant Total Date Fair Value Outstanding at January 1, 2015 - $ - PSUs granted 1,214,245 $ 2.62 PSUs forfeited - $ - Shares of common stock issued in exchange for PSUs (1,072) $ 2.62 Outstanding at September 30, 2015 1,213,173 $ 2.62 Vested at January 1, 2015 - $ - PSUs vested 1,072 $ 2.62 PSUs forfeited - $ - Shares of common stock issued in exchange for PSUs (1,072) $ 2.62 Vested at September 30, 2015 - $ -
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 nine months ended September 30, 2015 and 2014: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Stock options $ 232,286 $ 325,634 $ 724,708 $ 1,070,939 RSUs 968,385 381,856 3,145,520 389,482 IR warrants - 39,410 85,831 198,983 PSUs 277,031 - 320,409 - ESPP 29,967 - 29,967 - Total $ 1,507,669 $ 746,900 $ 4,306,435 $ 1,659,404
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	The Company estimated the fair value of options granted during the nine months ended September 30, 2015 using the Black-Scholes option pricing model. The fair values of stock options granted were estimated using the following assumptions: Options Granted During the Nine Months Ended September 30, 2015 Stock price $ 7.41 Dividend yield 0 % Expected volatility 65 % Risk-free interest rate 0.13 % Expected life 6 months
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 September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Research and development $ 582,320 $ 329,138 $ 2,116,631 $ 568,390 General and administrative 739,842 165,228 1,673,427 657,738 Sales and marketing 185,507 252,534 516,377 433,276 Total $ 1,507,669 $ 746,900 $ 4,306,435 $ 1,659,404

Liquidity and Management Plans

Liquidity and Management Plans (Details Textual) - USD ($)	Apr. 04, 2014	Apr. 24, 2015	Apr. 30, 2014	Mar. 27, 2014	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Liquidity And Management Plans [Line Items]
Engineering product development					$ 2,075,000		$ 2,500,000
Net loss					(5,605,661)	$ (5,847,998)	(18,677,522)	$ (36,579,100)
Cash and Cash Equivalents, at Carrying Value, Total					$ 15,510,189	$ 18,420,480	$ 15,510,189	18,420,480	$ 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	$ 900,000						$ 0	900,000
Payments for Commissions	$ 100,000
Proceeds From Shelf Registration Debt Or Equity Securities		$ 75,000,000
Net Cash Provided by (Used in) Operating Activities, Continuing Operations, Total							(15,460,067)	$ (8,490,970)
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, Other							110,685
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
Secondary Offering [Member] | Common Stock [Member]
Liquidity And Management Plans [Line Items]
Stock Issued During Period, Shares, Other									3,285,714

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Details 1) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	4,834,690	3,060,301	4,834,690	3,060,301
Consulting Warrant [Member]
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	166,937	278,228	166,937	278,228
Financing Warrant [Member]
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	152,778	152,778	152,778	152,778
IPO Warrants [Member]
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	460,000	460,000	460,000	460,000
IR Consulting Warrant [Member]
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	36,000	36,000	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	1,588,851	1,671,235	1,588,851	1,671,235
Restricted Stock Units (RSUs) [Member]
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	1,174,990	462,060	1,174,990	462,060
Phantom Share Units (PSUs) [Member]
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	1,213,173	0	1,213,173	0
ESPP [Member]
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	26,961	0	26,961	0

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Details Textual) - USD ($)	Apr. 10, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Summary Of Significant Accounting Policies [Line Items]
Research and Development Expense, Total		$ 4,758,590	$ 3,699,057	$ 13,008,190	$ 6,184,762
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		4,834,690	3,060,301	4,834,690	3,060,301
Employee Stock Purchase Plan [Member]
Summary Of Significant Accounting Policies [Line Items]
Common Stock, Capital Shares Reserved for Future Issuance	600,000
Common Stock Purchase Price Discount Percentage	15.00%

Commitments and Contingencies23

Commitments and Contingencies (Details)	Sep. 30, 2015USD ($)
Commitments and Contingencies [Line Items]
2015 (Three Months)	$ 130,117
2,016	529,309
2,017	572,722
2,018	530,531
2,019	372,652
Total	$ 2,135,331

Commitments and Contingencies24

Commitments and Contingencies (Details Textual) - USD ($)

Jul. 13, 2015

Jul. 09, 2015

Sep. 10, 2014

Aug. 25, 2015

Mar. 23, 2015

Feb. 26, 2015

Sep. 30, 2014

Sep. 30, 2015

Mar. 31, 2015

Sep. 30, 2014

Sep. 30, 2015

Sep. 30, 2014

Dec. 31, 2014

Commitments and Contingencies [Line Items]

Investor Relations Agreement, Initiation Date

Jan. 13, 2014

Stock based compensation expense

$ 1,507,669

$ 746,900

$ 4,306,435

$ 1,659,404

Operating Leases, Rent Expense

$ 6,376

Cash Compensation For Services Received Per Month 1

$ 8,000

Lease Expiration Date

Sep. 30, 2017

Jun. 30, 2019

Payments for Tenant Improvements

$ 100,000

Payments for Rent

400,000

Operating Leases, Rent Expense, Sublease Rentals

$ 6,109

Employment Agreement Percentage of Base Salary

100.00%

Officers' Compensation

$ 365,000

Performance Based Equity Plan, Market Capitalization Minimum Amount

100,000,000

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

Revenues

2,075,000

0

2,500,000

0

Accounts Receivable, Net, Current

2,000,000

$ 2,000,000

$ 0

Agreement Term

4 years

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

784,003

General and Administrative Expense [Member]

Commitments and Contingencies [Line Items]

Amortization Of Prepaid Service Paid In Stocks

36,975

$ 147,900

Consulting Agreement [Member]

Commitments and Contingencies [Line Items]

Payments for Fees

$ 5,000

Hosted Design Solution Agreement [Member]

Commitments and Contingencies [Line Items]

Other Cost of Services

$ 100,568

Offer Letter [Member]

Commitments and Contingencies [Line Items]

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.

Percentage of Vesting Related To Liquidation Or Termination

100.00%

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

120,000

Sub-Lease Agreement [Member]

Commitments and Contingencies [Line Items]

Operating Leases, Rent Expense, Sublease Rentals

$ 400,000

Employee Stock Option [Member]

Commitments and Contingencies [Line Items]

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, Options, Grants in Period, Gross

0

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

Development And Licensing Agreements [Member]

Commitments and Contingencies [Line Items]

Revenues

75,000

$ 500,000

Revenue Recognition, Milestone Method, Revenue Recognized

2,000,000

Accounts Receivable, Net, Current

2,000,000

$ 2,000,000

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

Percentage Of Performance Share Units Deferred

50.00%

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, Exercise Price

$ 6

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

496,546

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

Mr. Sereda [Member] | Offer Letter [Member]

Commitments and Contingencies [Line Items]

Officers' Compensation

$ 250,000

Mr. Rizzone [Member] | Employee Stock Option [Member]

Commitments and Contingencies [Line Items]

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

275,689

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

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

$ 39,410

$ 7,522

$ 198,983

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	9 Months Ended
	Apr. 24, 2015	Sep. 30, 2015	Sep. 30, 2014
Class of Stock [Line Items]
Proceeds From Shelf Registration Debt Or Equity Securities	$ 75,000,000
Proceeds From Disgorgement Of Short Swing Profit		$ 12,611	$ 0

Stock Based Compensation (Detai

Stock Based Compensation (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Weighted Average Grant Date Fair Value, Forfeited
Number of Options, Outstanding
Number of Options, Outstanding	1,588,851
Number of Options, Exercisable
Number of Options, Exercisable	829,962
Weighted Average Remaining Life In Years, Exercisable	8 years 4 months 24 days
Employee Stock Option [Member]
Weighted Average Grant Date Fair Value, Forfeited
Number of Options, Outstanding	1,607,075
Number of Options, Granted	0
Number of Options, Exercised	(10,392)
Number of Options, Forfeited	(7,832)
Number of Options, Outstanding	1,588,851	1,607,075
Number of Options, Exercisable	550,298
Number of Options, Vested	290,056
Number of Options, Exercised	(10,392)
Number of Options, Exercisable	829,962	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	4.43	$ 4.41
Weighted Average Exercise Price, Exercisable	4.33
Weighted Average Exercise Price, Vested	4.42
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	2.48	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	$ 2.46	$ 2.41
Weighted Average Remaining Life In Years, Outstanding	8 years 4 months 24 days	9 years
Weighted Average Remaining Life In Years, Exercisable	8 years 4 months 24 days	9 years 1 month 6 days
Intrinsic Value, Exercised	$ 0
Intrinsic Value, Outstanding	3,924,000
Intrinsic Value, Exercisable	0
Intrinsic Value, Exercisable	$ 2,064,000	$ 0

Stock Based Compensation (Det27

Stock Based Compensation (Details 1)	9 Months Ended
	Sep. 30, 2015$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Outstanding	1,588,851
Weighted Average Remaining Life In Years	8 years 4 months 24 days
Number of Options, Exercisable	829,962
Stock Option One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price | $ / shares	$ 1.68
Number of Options, Outstanding	275,689
Weighted Average Remaining Life In Years	8 years 2 months 12 days
Number of Options, Exercisable	137,845
Stock Option Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price | $ / shares	$ 2.49
Number of Options, Outstanding	308,530
Weighted Average Remaining Life In Years	8 years 3 months 18 days
Number of Options, Exercisable	156,457
Stock Option Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price | $ / shares	$ 3.63
Number of Options, Outstanding	51,958
Weighted Average Remaining Life In Years	8 years 4 months 24 days
Number of Options, Exercisable	51,958
Stock Option Four [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price | $ / shares	$ 4.99
Number of Options, Outstanding	99,214
Weighted Average Remaining Life In Years	8 years 6 months
Number of Options, Exercisable	49,088
Stock Option Five [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price | $ / shares	$ 6
Number of Options, Outstanding	853,460
Weighted Average Remaining Life In Years	8 years 6 months
Number of Options, Exercisable	434,614

Stock Based Compensation (Det28

Stock Based Compensation (Details 2)	9 Months Ended
	Sep. 30, 2015$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested at January 1, 2015	733,628
RSU Granted	784,003
RSUs forfeited	(106,344)
Shares of common stock issued in exchange for RSUs	(236,297)
Outstanding at September 30, 2015	1,174,990
Weighted Average Grant Date Fair Value, Nonvested at January 1, 2015 | $ / shares	$ 10.49
Weighted Average Grant Date Fair Value, RSU Granted | $ / shares	8.62
Weighted Average Grant Date Fair Value, RSUs forfeited | $ / shares	9.74
Weighted Average Grant Date Fair Value, Shares of common stock issued in exchange for RSUs | $ / shares	10.57
Weighted Average Grant Date Fair Value, Nonvested at June 30, 2015 | $ / shares	9.30
Weighted Average Grant Date Fair Value, Vested at January 1, 2015 | $ / shares	9.94
Weighted Average Grant Date Fair Value, RSUs vested | $ / shares	10.57
Weighted Average Grant Date Fair Value, Shares of common stock issued in exchange for RSUs | $ / shares	10.57
Weighted Average Grant Date Fair Value, Vested at June 30, 2015 | $ / shares	$ 7.94
Vested Beginning Balance	6,349
RSUs vested	231,448
Shares of common stock issued in exchange for RSUs	(236,297)
Vested Ending Balance	1,500

Stock Based Compensation (Det29

Stock Based Compensation (Details 3)	9 Months Ended
	Sep. 30, 2015$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Outstanding	1,588,851
Vested Beginning Balance	6,349
Vested Ending Balance	1,500
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Outstanding	0
PSUs granted	1,214,245
PSUs forfeited	0
Shares of common stock issued in exchange for PSUs	(1,072)
Number of Options, Outstanding	1,213,173
Vested Beginning Balance	0
PSUs vested	1,072
PSUs forfeited	0
Shares of common stock issued in exchange for PSUs	(1,072)
Vested Ending Balance	0
Weighted Average Grant Date Fair Value, Outstanding | $ / shares	$ 0
Weighted Average Grant Date Fair Value, PSUs granted | $ / shares	2.62
Weighted Average Grant Date Fair Value, PSUs forfeited | $ / shares	0
Weighted Average Grant Date Fair Value, Shares of common stock issued in exchange for PSUs | $ / shares	2.62
Weighted Average Grant Date Fair Value, Outstanding | $ / shares	2.62
Weighted Average Grant Date Fair Value, Vested at January 1, 2015 | $ / shares	0
Weighted Average Grant Date Fair Value, PSUs vested | $ / shares	2.62
Weighted Average Grant Date Fair Value, PSUs forfeited | $ / shares	0
Weighted Average Grant Date Fair Value, Shares of common stock issued in exchange for PSUs | $ / shares	2.62
Weighted Average Grant Date Fair Value, Vested at January 1, 2015 | $ / shares	$ 0

Stock Based Compensation (Det30

Stock Based Compensation (Details 4)	9 Months Ended
	Sep. 30, 2015$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock price	$ 7.41
Dividend yield	0.00%
Expected volatility	65.00%
Risk-free interest rate	0.13%
Expected life	6 months

Stock Based Compensation (Det31

Stock Based Compensation (Details 5) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based Compensation, Total	$ 1,507,669	$ 746,900	$ 4,306,435	$ 1,659,404
IR Consulting Warrant [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	0	39,410	85,831	198,983
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	968,385	381,856	3,145,520	389,482
Phantom Share Units (PSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	277,031	0	320,409	0
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	29,967	0	29,967	0
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	$ 232,286	$ 325,634	$ 724,708	$ 1,070,939

Stock Based Compensation (Det32

Stock Based Compensation (Details 6) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based Compensation, Total	$ 1,507,669	$ 746,900	$ 4,306,435	$ 1,659,404
Research and Development Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	582,320	329,138	2,116,631	568,390
General and Administrative Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	739,842	165,228	1,673,427	657,738
Sales and Marketing Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	$ 185,507	$ 252,534	$ 516,377	$ 433,276

Stock Based Compensation (Det33

Stock Based Compensation (Details Textual) - USD ($)

Jul. 13, 2015

Jul. 02, 2015

Jan. 02, 2015

Aug. 14, 2014

Aug. 20, 2015

Jun. 23, 2015

May. 21, 2015

Feb. 26, 2015

Jan. 22, 2015

Sep. 30, 2015

Mar. 31, 2015

Sep. 30, 2014

Sep. 30, 2015

Sep. 30, 2014

Apr. 10, 2015

Mar. 06, 2014

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

784,003

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

231,448

Performance Based Equity Plan Market Capitalization Minimum Amount

$ 100,000,000

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

3,183,784

Adjustments to Additional Paid in Capital, Other

$ 0

$ 5,752,000

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value

$ 8.62

Number of Shares To Be Issued If All Participants Under ESPP Exercise Options

53,921

Proceeds from Issuance Initial Public Offering

$ 0

24,872,170

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%

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

Common Stock Available To Be Issued

146,383

146,383

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, Number of Shares Available for Grant

95,859

95,859

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 1 month 6 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

$ 9,431,246

$ 9,431,246

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

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

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

4 years

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

74,992

13,182

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

4,394

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

Martin Cooper [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, Options, Grants in Period, Gross

1,416

Martin Cooper [Member] | Restricted Stock Units (RSUs) [Member] | 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, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value

$ 5,061

Brian Sereda [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, Weighted Average Grant Date Fair Value

$ 120,000

Three Consultants [Member] | Restricted Stock Units (RSUs) [Member] | 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, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value

$ 8,854

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

1,214,245

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 Shares [Member] | Martin Cooper [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

31,954

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 3 months 18 days

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

2,863,375

$ 2,863,375

Allocated Share-based Compensation Expense

277,031

$ 0

320,409

0

Amortization of Financing Costs

277,031

0

$ 320,409

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

Employee Stock Purchase Plan [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

1,878,887

$ 1,878,887

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

2 years

Share-based Compensation Arrangement by Share-based Payment Award, Terms of Award

On May 21, 2015, the Companys stockholders approved the ESPP. Employees may designate an amount not less than 1% but not more than 10% of their annual compensation, but for not more than 7,500 shares during an offering period. An offering period shall be six months in duration commencing on or about January 1 and July 1 of each year. The exercise price of the option will be the lesser of 85% of the fair market of the common stock on the first business day of the offering period and 85% of the fair market value of the common stock on the applicable exercise date.

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

0

Allocated Share-based Compensation Expense

$ 29,967

$ 0

$ 29,967

$ 0

Adjustments to Additional Paid in Capital, Other

$ 169,811

Common Stock, Capital Shares Reserved for Future Issuance

600,000

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value

$ 2.46

Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant

600,000

600,000

Employee Contribution Through Payroll Withholdings

$ 169,811

$ 169,811

Proceeds from Issuance Initial Public Offering

$ 339,623

Related Party (Details Textual)

Related Party (Details Textual) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015
Howard Yeatons Service [Member]
Related Party Transaction [Line Items]
Payments for Fees	$ 2,500	$ 61,848
Other Financial Advisory and Accounting Services [Member]
Related Party Transaction [Line Items]
Payments for Fees	$ 28,405	$ 67,751

Subsequent Events (Details Text

Subsequent Events (Details Textual) - USD ($)	Oct. 05, 2015	Sep. 30, 2015
Subsequent Event [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		784,003
Subsequent Event [Member] | Common Stock [Member]
Subsequent Event [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	80,201
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	$ 2.49
Subsequent Event [Member] | Former Chief Commercial Officer [Member]
Subsequent Event [Line Items]
Consulting Fee	$ 80,000
Subsequent Event [Member] | Restricted Stock Units (RSUs) [Member]
Subsequent Event [Line Items]
Stock Issued During Period, Shares, New Issues	44,836