Energous (WATT) 10-Q 10 May 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 05, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Entity Registrant Name	Energous Corp
Entity Central Index Key	1,575,793
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Trading Symbol	WATT
Entity Common Stock, Shares Outstanding		16,554,966

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 23,710,666	$ 29,872,564
Prepaid expenses and other current assets	667,077	722,249
Prepaid rent, current	80,784	80,784
Total current assets	24,458,527	30,675,597
Property and equipment, net	1,658,631	1,730,365
Prepaid rent, non-current	198,040	218,236
Other assets	51,330	51,330
Total assets	26,366,528	32,675,528
Current liabilities:
Accounts payable	4,436,972	2,324,973
Accrued expenses	850,185	1,075,879
Deferred revenue	363,636	0
Total current liabilities	$ 5,650,793	$ 3,400,852
Commitments and contingencies
Stockholders’ equity
Preferred Stock, $0.00001 par value, 10,000,000 shares authorized at March 31, 2016 and December 31, 2015; no shares issued or outstanding	$ 0	$ 0
Common Stock, $0.00001 par value, 50,000,000 shares authorized at March 31, 2016 and December 31, 2015; 16,488,977 and 16,298,208 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively.	163	161
Additional paid-in capital	110,219,294	107,981,695
Accumulated deficit	(89,503,722)	(78,707,180)
Total stockholders’ equity	20,715,735	29,274,676
Total liabilities and stockholders’ equity	$ 26,366,528	$ 32,675,528

CONDENSED BALANCE SHEETS (Paren

CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2016	Dec. 31, 2015
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	16,488,977	16,298,208
Common stock, shares outstanding	16,488,977	16,298,208

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenue	$ 136,364	$ 200,000
Operating expenses:
Research and development	7,674,093	4,275,565
Sales and marketing	807,067	1,043,894
General and administrative	2,455,612	1,812,141
Total operating expenses	10,936,772	7,131,600
Loss from operations	(10,800,408)	(6,931,600)
Other income:
Interest income	3,866	6,321
Total	3,866	6,321
Net loss	$ (10,796,542)	$ (6,925,279)
Basic and diluted loss per common share	$ (0.66)	$ (0.54)
Weighted average shares outstanding, basic and diluted	16,382,691	12,787,884

CONDENSED STATEMENT OF CHANGES

CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - 3 months ended Mar. 31, 2016 - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]
Balance at Dec. 31, 2015	$ 29,274,676	$ 161	$ 107,981,695	$ (78,707,180)
Balance (in shares) at Dec. 31, 2015		16,298,208
Stock-based compensation - stock options	423,062	$ 0	423,062	0
Stock-based compensation - restricted stock units ("RSUs")	1,223,096	0	1,223,096	0
Stock-based compensation - employee stock purchase plan ("ESPP")	62,937	0	62,937	0
Stock-based compensation - performance share units ("PSUs")	214,465	0	214,465	0
Stock-based compensation - deferred stock units ("DSUs")	29,974	0	29,974	0
Issuance of shares for RSUs	0	$ 1	(1)	0
Issuance of shares for RSUs (in shares)		132,630
Issuance of shares for PSUs	0	$ 0	0	0
Issuance of shares for PSUs (in shares)		13,768
Exercise of stock options	110,283	$ 1	110,282	0
Exercise of stock options (in shares)		44,290
Cashless exercise of warrants	0	$ 0	0	0
Cashless exercise of warrants (in shares)		81
Proceeds from contributions to the ESPP	173,784	$ 0	173,784	0
Net loss	(10,796,542)	0	0	(10,796,542)
Balance at Mar. 31, 2016	$ 20,715,735	$ 163	$ 110,219,294	$ (89,503,722)
Balance (in shares) at Mar. 31, 2016		16,488,977

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net loss	$ (10,796,542)	$ (6,925,279)
Adjustments to reconcile net loss to:
Depreciation and amortization	192,104	191,219
Stock based compensation	1,953,534	1,679,221
Amortization of prepaid rent from stock issuance to landlord	20,196	20,196
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	55,172	(265,767)
Accounts payable	2,111,999	91,359
Accrued expenses	(225,694)	124,983
Deferred revenue	363,636	300,000
Net cash used in operating activities	(6,325,595)	(4,784,068)
Cash flows used in investing activities:
Purchases of property and equipment	(120,370)	(209,828)
Net cash used in investing activities	(120,370)	(209,828)
Cash flows from financing activities:
Proceeds from the exercise of stock options	110,283	0
Proceeds from contributions to employee stock purchase plan	173,784	0
Net cash provided by financing activities	284,067	0
Net decrease in cash and cash equivalents	(6,161,898)	(4,993,896)
Cash and cash equivalents - beginning	29,872,564	31,494,592
Cash and cash equivalents - ending	23,710,666	26,500,696
Stock Compensation Plan [Member]
Supplemental disclosure of non-cash financing activities:
Common stock issued	0	147,900
Restricted Stock Units (RSUs) [Member]
Supplemental disclosure of non-cash financing activities:
Common stock issued	$ 1	$ 1

Business Organization, Nature o

Business Organization, Nature of Operations	3 Months Ended
	Mar. 31, 2016
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 a technology called WattUp® that consists of proprietary semiconductor chipsets, software, hardware designs and antennas that can enable RF-based wire-free charging for electronic devices, providing power at a distance and ultimately enabling charging with mobility under full software control. The Company’s anticipated business model is to supply silicon components with reference designs and license our WattUp technology to device and chip manufacturers, wireless service providers and other commercial partners to make wire-free charging an affordable, ubiquitous and convenient option for end users. The Company believes its proprietary technology can potentially be utilized in a variety of devices, including wearables, Internet of Things (IoT) devices, smartphones, tablets, e-book readers, keyboards, mice, remote controls, rechargeable lights, cylindrical batteries and any other device with similar charging requirements that would otherwise need a battery or a connection to a power outlet. The Company is developing solutions that charge electronic devices by surrounding them with a contained three dimensional (“3D”) radio frequency (“RF”) energy pocket (“RF energy pocket”). The Company is engineering solutions that are expected to enable the wire-free transmission of energy from multiple WattUp transmitters to multiple WattUp receiving devices within a range of up to fifteen (15) feet in radius or in a circular charging envelope of up to thirty (30) feet. The Company is also developing a transmitter technology to seamlessly mesh, (much like a network of WiFi routers) to form a wire-free charging network that will allow users to charge their devices as they walk from room-to-room or throughout a large space. To date, the Company has developed multiple transmitter prototypes in various form factors and power capabilities. The Company has also developed multiple receiver prototypes supporting smartphone battery cases, toys, fitness trackers, Bluetooth headsets, as well as stand-alone receivers.

Liquidity and Management Plans

Liquidity and Management Plans	3 Months Ended
	Mar. 31, 2016
Liquidity And Management Plan Disclosure [Abstract]
Liquidity And Management Plan Disclosure [Text Block]	Note 2 – Liquidity and Management Plans During the three months ended March 31, 2016 and 2015, the Company recorded revenue of $ 136,364 200,000 10,796,542 6,925,279 6,325,595 4,784,068 As of March 31, 2016, the Company had cash on hand of $ 23,710,666 75,000,000 3,000,005 19,048,456 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, issuance lender shelf registration, 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.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
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, 2015 included in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, filed with the Securities and Exchange Commission (the “SEC”) on March 15, 2016. The accounting policies used in preparing these unaudited condensed interim financial statements are consistent with those described in the December 31, 2015 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 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 records the expenses related to these projects, generally included in research and development expense, in the periods incurred. 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 $ 7,674,093 4,275,565 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 15 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 March 31, 2016, 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 three months ended March 31, 2016 and 2015. 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), 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 4,928,753 3,511,890 For the Three Months Ended 2016 2015 Consulting Warrant to purchase common stock 146,079 278,228 Financing Warrant to purchase common stock 152,778 152,778 IPO Warrants to purchase common stock 460,000 460,000 IR Consulting Warrant 36,000 36,000 IR Incentive Warrant 15,000 15,000 Options to purchase common stock 1,443,495 1,607,075 RSUs 1,419,691 962,809 PSUs 1,191,845 - DSUs 14,953 - ESPP 48,912 - Total potentially dilutive securities 4,928,753 3,511,890 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. The adoption of this standard did not have a material impact on the Company’s financial position and results of operations. 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 has been adopted concurrently with the adoption of ASU 2015-03. The adoption of this standard did not have a material impact on the Company’s financial position and results of operations. In November 2015, the FASB issued ASU No. 2015-17, “Balance Sheet Classification of Deferred Taxes” (“ASU 2015-17”). The standard requires that deferred tax assets and liabilities be classified as noncurrent in a classified statement of financial position. ASU 2015-17 is effective for fiscal years and interim periods within those years, beginning after December 15, 2016. Early adoption is permitted. ASU 2015-17 may be applied either prospectively, for all deferred tax assets and liabilities, or retrospectively. The Company is currently evaluating the impact this standard will have on its financial statements. In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” (“ASU 2016-01”). The standard addresses certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. ASU 2016-01 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. The Company is currently evaluating the impact the adoption of this new standard will have on its financial statements. In January 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842).” (“ASU 2016-02”) This standard requires that a lessee recognize the assets and liabilities that arise from operating leases. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. ASU 2016-02 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. The Company is currently evaluating the impact the adoption of this new standard will have on its financial statements. The Company evaluates events that have occurred after the balance sheet date of March 31, 2016, through the date which the financial statements are issued. Based upon the review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
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 7,522 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 25,000 5,000 6,250 36,975 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 41,563 500,000 400,000 6,732 100,000 400,000 100,000 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 4,314 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 2016 (Nine Months) $ 399,017 2017 572,722 2018 530,531 2019 372,652 Total $ 1,874,922 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 its 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 $ 500,000 200,000 500,000 2,000,000 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. Effective October 1, 2015, the Company entered into a third amendment of the development and license agreement with this consumer electronics company to make certain changes to, among other things, intellectual property ownership, payment terms and the products covered by the agreement. On March 31, 2016, the Company received payment of $ 500,000 136,364 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 $ 100,568 198,105 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 1.1 100 100 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 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 Consulting Arrangement On October 5, 2015, George B. Holmes resigned as Chief Commercial Officer of the Company. Mr. Holmes provided consulting services to the Company pursuant to a six month consulting agreement pursuant to which he received consulting fees totaling $ 80,000 80,201 2.49 44,836

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2016
Stockholders Equity Note [Abstract]
Stockholders Equity Note Disclosure [Text Block]	Note 5 – Stockholders’ Equity Authorized Capital The holders of the Company’s common stock are entitled to one vote per share. Holders of common stock are entitled to receive ratably such dividends, if any, as may be declared by the board of directors out of legally available funds. Upon the liquidation, dissolution or winding up of the Company, holders of common stock are entitled to share ratably in all assets of the Company that are legally available for distribution. 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 Pursuant to the shelf registration, on November 17, 2015, the Company consummated an offering of 3,000,005 6.90 19,333,032 1,242,002 125,000 284,576 19,048,456

Stock Based Compensation

Stock Based Compensation	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016, 188,627 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 March 31, 2016, 69,939 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 March 31, 2016, 31,951 Employee Stock Purchase Plan On April 10, 2015, the Company’s board of directors approved the ESPP, under which 600,000 As of March 31, 2016, 553,977 173,784 48,912 Stock Option Award Activity Number of Weighted Weighted Intrinsic Outstanding at January 1, 2016 1,487,785 $ 4.43 $ 8.0 $ 5,310,340 Granted - - - - Exercised (44,290) 2.49 - - Forfeited - - - - Outstanding at March 31, 2016 1,443,495 $ 4.40 $ 7.9 $ 8,234,898 Exercisable at January 1, 2016 860,970 $ 4.34 $ 8.0 $ 3,076,767 Vested 87,242 4.35 - - Exercised (44,290) 2.49 - - Forfeited - - - - Exercisable at March 31, 2016 903,922 $ 4.43 $ 7.9 $ 5,129,844 As of March 31, 2016, the unamortized value of options was $ 1,395,794 1.5 Restricted Stock Units (“RSUs”) On January 4, 2016, 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 26,916 On January 4, 2016, 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 March 4, 2016, the compensation committee of the board of directors granted an employee inducement RSU awards under which the holder has the right to receive an aggregate of 12,500 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 March 31, 2016, the unamortized value of the RSUs was $ 10,881,355 2.9 Total Weighted Outstanding at January 1, 2016 1,560,996 $ 8.83 RSUs granted 64,416 $ 8.11 RSUs forfeited (15,079) $ 7.86 RSUs vested (190,642) $ 9.98 Outstanding at March 31, 2016 1,419,691 $ 8.65 Vested at January 1, 2016 7,800 $ 7.94 RSUs vested 190,642 $ 9.98 Shares of common stock issued in exchange for RSUs (132,630) $ 9.82 Vested at March 31, 2016 65,812 $ 10.07 Performance Share Units (“PSUs”) PSUs shall be earned based on the Company’s achievement of market capitalization growth between the effective date of the Employment Agreement and the end of the Initial Employment Period. If the Company’s market capitalization is $100 million or less, no PSUs will be earned. If the Company reaches a market capitalization of $1.1 billion or more, 100 100 1.1 On March 4, 2016, the compensation committee of the board of directors granted an executive inducement PSUs under which the executive is eligible to receive 63,908 Performance Share Market capitalization $ 136,888,114 Dividend yield 0 % Expected volatility 60 % Risk-free interest rate 0.95 % The fair value of the grant of PSUs to purchase a total of 1,342,061 1,278,153 63,908 3,518,921 214,465 0 At March 31, 2016, the unamortized value of the PSUs was approximately $ 2,480,387 2.8 Weighted Average Grant Total Date Fair Value Outstanding at January 1, 2016 1,135,614 $ 2.62 PSUs granted 63,908 $ 2.62 PSUs forfeited - $ - PSUs vested (7,677) $ 2.62 Outstanding at March 31, 2016 1,191,845 $ 2.62 Vested at January 1, 2016 13,768 $ 2.62 PSUs vested 7,677 $ 2.62 PSUs forfeited - $ - Shares of common stock issued in exchange for PSUs (13,768) $ 2.62 Vested at March 31, 2016 7,677 $ 2.62 Deferred Stock Units (“DSUs”) On January 4, 2016, the compensation committee of the board of directors granted to John Gaulding, director and chairman of the board, DSUs under the 2014 Non-Employee Equity Compensation Plan for which Mr. Gaulding has the right to receive 14,953 125,000 75,000 50,000 At March 31, 2016, the unamortized value of the DSUs was $ 95,033 0.8 Weighted Average Grant Total Date Fair Value Outstanding at January 1, 2016 - $ - DSUs granted 14,953 $ 8.36 DSUs forfeited - $ - DSUs vested - $ - Outstanding at March 31, 2016 14,953 $ 8.36 There were no DSUs vested as of March 31, 2016. Employee Stock Purchase Plan (“ESPP”) The current offering period for the ESPP is January 1, 2016 through June 30, 2016. On January 1, 2016 employees enrolled in the ESPP agreed to have withheld up to approximately $ 347,569 48,912 173,784 46,023 553,977 The weighted-average grant-date fair value of the purchase option for each designated share purchased under this plan was approximately $ 2.57 62,937 0 Options Granted During the Three Months Ended March 31, 2016 Stock price $ 8.36 Dividend yield 0 % Expected volatility 56 % Risk-free interest rate 0.49 % Expected life 6 months Stock-Based Compensation Expense Three Months Ended March 31, 2016 2015 Stock options $ 423,062 $ 259,515 RSUs 1,223,096 1,333,875 IR warrants - 85,831 PSUs 214,465 - ESPP 62,937 - DSUs 29,974 - Total $ 1,953,534 $ 1,679,221 Three Months Ended March 31, 2016 2015 Research and development $ 910,843 $ 1,034,318 Sales and marketing 56,317 201,256 General and administrative 986,374 443,647 Total $ 1,953,534 $ 1,679,221

Related Party

Related Party	3 Months Ended
	Mar. 31, 2016
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 months ended March 31, 2016 and 2015, the Company incurred fees to FCS of $ 0 25,963 10,631 26,257

Summary of Significant Accoun14

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
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, 2015 included in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, filed with the Securities and Exchange Commission (the “SEC”) on March 15, 2016. The accounting policies used in preparing these unaudited condensed interim financial statements are consistent with those described in the December 31, 2015 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 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]	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. The Company records the expenses related to these projects, generally included in research and development expense, in the periods incurred. 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 $ 7,674,093 4,275,565
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 15
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 March 31, 2016, 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 three months ended March 31, 2016 and 2015.
Earnings Per Share, Policy [Policy Text Block]	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), 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 4,928,753 3,511,890 For the Three Months Ended 2016 2015 Consulting Warrant to purchase common stock 146,079 278,228 Financing Warrant to purchase common stock 152,778 152,778 IPO Warrants to purchase common stock 460,000 460,000 IR Consulting Warrant 36,000 36,000 IR Incentive Warrant 15,000 15,000 Options to purchase common stock 1,443,495 1,607,075 RSUs 1,419,691 962,809 PSUs 1,191,845 - DSUs 14,953 - ESPP 48,912 - Total potentially dilutive securities 4,928,753 3,511,890
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. 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. The adoption of this standard did not have a material impact on the Company’s financial position and results of operations. 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 has been adopted concurrently with the adoption of ASU 2015-03. The adoption of this standard did not have a material impact on the Company’s financial position and results of operations. In November 2015, the FASB issued ASU No. 2015-17, “Balance Sheet Classification of Deferred Taxes” (“ASU 2015-17”). The standard requires that deferred tax assets and liabilities be classified as noncurrent in a classified statement of financial position. ASU 2015-17 is effective for fiscal years and interim periods within those years, beginning after December 15, 2016. Early adoption is permitted. ASU 2015-17 may be applied either prospectively, for all deferred tax assets and liabilities, or retrospectively. The Company is currently evaluating the impact this standard will have on its financial statements. In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” (“ASU 2016-01”). The standard addresses certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. ASU 2016-01 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. The Company is currently evaluating the impact the adoption of this new standard will have on its financial statements. In January 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842).” (“ASU 2016-02”) This standard requires that a lessee recognize the assets and liabilities that arise from operating leases. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. ASU 2016-02 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. The Company is currently evaluating the impact the adoption of this new standard will have on its 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 March 31, 2016, through the date which the financial statements are issued. Based upon the review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements.

Summary of Significant Accoun15

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2016
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 2016 2015 Consulting Warrant to purchase common stock 146,079 278,228 Financing Warrant to purchase common stock 152,778 152,778 IPO Warrants to purchase common stock 460,000 460,000 IR Consulting Warrant 36,000 36,000 IR Incentive Warrant 15,000 15,000 Options to purchase common stock 1,443,495 1,607,075 RSUs 1,419,691 962,809 PSUs 1,191,845 - DSUs 14,953 - ESPP 48,912 - Total potentially dilutive securities 4,928,753 3,511,890

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2016
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 2016 (Nine Months) $ 399,017 2017 572,722 2018 530,531 2019 372,652 Total $ 1,874,922

Stock Based Compensation (Table

Stock Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2016
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 three months ended March 31, 2016: Number of Weighted Weighted Intrinsic Outstanding at January 1, 2016 1,487,785 $ 4.43 $ 8.0 $ 5,310,340 Granted - - - - Exercised (44,290) 2.49 - - Forfeited - - - - Outstanding at March 31, 2016 1,443,495 $ 4.40 $ 7.9 $ 8,234,898 Exercisable at January 1, 2016 860,970 $ 4.34 $ 8.0 $ 3,076,767 Vested 87,242 4.35 - - Exercised (44,290) 2.49 - - Forfeited - - - - Exercisable at March 31, 2016 903,922 $ 4.43 $ 7.9 $ 5,129,844
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	A summary of the activity related to RSUs for the three months ended March 31, 2016 is presented below: Total Weighted Outstanding at January 1, 2016 1,560,996 $ 8.83 RSUs granted 64,416 $ 8.11 RSUs forfeited (15,079) $ 7.86 RSUs vested (190,642) $ 9.98 Outstanding at March 31, 2016 1,419,691 $ 8.65 Vested at January 1, 2016 7,800 $ 7.94 RSUs vested 190,642 $ 9.98 Shares of common stock issued in exchange for RSUs (132,630) $ 9.82 Vested at March 31, 2016 65,812 $ 10.07
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Performance-Based Units, Vested and Expected to Vest [Table Text Block]	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. Performance Share Market capitalization $ 136,888,114 Dividend yield 0 % Expected volatility 60 % Risk-free interest rate 0.95 %
Share-based Compensation, Performance Shares Award Outstanding Activity [Table Text Block]	A summary of the activity related to PSUs for the three months ended March 31, 2016 is presented below: Weighted Average Grant Total Date Fair Value Outstanding at January 1, 2016 1,135,614 $ 2.62 PSUs granted 63,908 $ 2.62 PSUs forfeited - $ - PSUs vested (7,677) $ 2.62 Outstanding at March 31, 2016 1,191,845 $ 2.62 Vested at January 1, 2016 13,768 $ 2.62 PSUs vested 7,677 $ 2.62 PSUs forfeited - $ - Shares of common stock issued in exchange for PSUs (13,768) $ 2.62 Vested at March 31, 2016 7,677 $ 2.62
Share Based Compensation Deferred Stock Units Activity [Table Text Block]	Weighted Average Grant Total Date Fair Value Outstanding at January 1, 2016 - $ - DSUs granted 14,953 $ 8.36 DSUs forfeited - $ - DSUs vested - $ - Outstanding at March 31, 2016 14,953 $ 8.36
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	The Company estimated the fair value of options granted during the three months ended March 31, 2016 using the Black-Scholes option pricing model. The fair values of stock options granted were estimated using the following assumptions: Options Granted During the Three Months Ended March 31, 2016 Stock price $ 8.36 Dividend yield 0 % Expected volatility 56 % Risk-free interest rate 0.49 % Expected life 6 months
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 months ended March 31, 2016 and 2015: Three Months Ended March 31, 2016 2015 Stock options $ 423,062 $ 259,515 RSUs 1,223,096 1,333,875 IR warrants - 85,831 PSUs 214,465 - ESPP 62,937 - DSUs 29,974 - Total $ 1,953,534 $ 1,679,221
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 March 31, 2016 2015 Research and development $ 910,843 $ 1,034,318 Sales and marketing 56,317 201,256 General and administrative 986,374 443,647 Total $ 1,953,534 $ 1,679,221

Liquidity and Management Plans

Liquidity and Management Plans (Details Textual) - USD ($)	1 Months Ended			3 Months Ended
	Nov. 30, 2015	Nov. 17, 2015	Apr. 24, 2015	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
Liquidity And Management Plans [Line Items]
Engineering product development				$ 136,364	$ 200,000
Net income (numerator for basic and diluted earnings per share)				(10,796,542)	(6,925,279)
Cash and Cash Equivalents, at Carrying Value, Total				23,710,666	26,500,696	$ 29,872,564	$ 31,494,592
Stock Issued During Period, Shares, New Issues	3,000,005
Proceeds From Shelf Registration Debt Or Equity Securities			$ 75,000,000
Net Cash Provided by (Used in) Operating Activities, Continuing Operations, Total				$ (6,325,595)	$ (4,784,068)
Consummation of Offering Under Shelf Registration [Member]
Liquidity And Management Plans [Line Items]
Stock Issued During Period, Shares, New Issues		3,000,005
Proceeds from Issuance of Common Stock	$ 19,048,456	$ 19,333,032
Proceeds From Shelf Registration Debt Or Equity Securities			$ 75,000,000

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Details) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	4,928,753	3,511,890
Consulting Warrant [Member]
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	146,079	278,228
Financing Warrant [Member]
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	152,778	152,778
IPO Warrants [Member]
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	460,000	460,000
IR Consulting Warrant [Member]
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	36,000	36,000
IR Incentive Warrant [Member]
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	15,000	15,000
Stock Option [Member]
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	1,443,495	1,607,075
Restricted Stock Units (RSUs) [Member]
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	1,419,691	962,809
Phantom Share Units (PSUs) [Member]
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	1,191,845	0
DSUs [Member]
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	14,953	0
ESPP [Member]
Summary Of Significant Accounting Policies [Line Items]
Potentially dilutive securities	48,912	0

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Details Textual) - USD ($)	Apr. 10, 2015	Mar. 31, 2016	Mar. 31, 2015
Summary Of Significant Accounting Policies [Line Items]
Research and Development Expense, Total		$ 7,674,093	$ 4,275,565
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		4,928,753	3,511,890
Employee Stock Purchase Plan [Member]
Summary Of Significant Accounting Policies [Line Items]
Common Stock, Capital Shares Reserved for Future Issuance	600,000	553,977
Common Stock Purchase Price Discount Percentage	15.00%

Commitments and Contingencies21

Commitments and Contingencies (Details)	Mar. 31, 2016USD ($)
Commitments and Contingencies [Line Items]
2016 (Nine Months)	$ 399,017
2,017	572,722
2,018	530,531
2,019	372,652
Total	$ 1,874,922

Commitments and Contingencies22

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

Oct. 05, 2015

Jul. 13, 2015

Jul. 09, 2015

Sep. 10, 2014

Dec. 18, 2015

Jun. 25, 2015

May. 21, 2015

Mar. 23, 2015

Feb. 26, 2015

Mar. 31, 2016

Mar. 31, 2015

Dec. 31, 2015

Commitments and Contingencies [Line Items]

Investor Relations Agreement, Initiation Date

Jan. 13, 2014

Stock based compensation expense

$ 1,953,534

$ 1,679,221

Operating Leases, Rent Expense

$ 6,376

Cash Compensation For Services Received Per Month 1

$ 8,000

Payments for Tenant Improvements

$ 100,000

Operating Leases, Rent Expense, Net

$ 4,314

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

Number Of Shares Issued To Landlord As Prepaid Rent And Tenant Improvements

41,563

Revenues

$ 136,364

200,000

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

64,416

Prepaid Rent

$ 80,784

$ 80,784

Chief Commercial Officer [Member]

Commitments and Contingencies [Line Items]

Officers' Compensation

$ 80,000

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

80,201

Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price

$ 2.49

Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures, Total

44,836

General and Administrative Expense [Member]

Commitments and Contingencies [Line Items]

Amortization Of Prepaid Service Paid In Stocks

6,250

$ 36,975

Consulting Agreement [Member]

Commitments and Contingencies [Line Items]

Payments for Fees

$ 5,000

5,000

Operating Leases, Income Statement, Initial Direct Costs

$ 25,000

Hosted Design Solution Agreement [Member]

Commitments and Contingencies [Line Items]

Other Cost of Services

$ 100,568

Hardware And Software Configuration Payments Period Increase

$ 198,105

Offer Letter [Member]

Commitments and Contingencies [Line Items]

Deferred Compensation Arrangement with Individual, Cash Awards Granted, Percentage

75.00%

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

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 Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price

$ 0

Licensing Agreements [Member]

Commitments and Contingencies [Line Items]

Research and Development Arrangement, Contract to Perform for Others, Compensation Earned

$ 500,000

$ 500,000

Development And Licensing Agreements [Member]

Commitments and Contingencies [Line Items]

Revenue Recognition, Milestone Method, Revenue Recognized

2,000,000

Licenses Revenue

$ 200,000

$ 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

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

Term Leases [Member]

Commitments and Contingencies [Line Items]

Payments for Tenant Improvements

$ 100,000

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]

Commitments and Contingencies [Line Items]

Payments for Rent

400,000

Shares Issued To Landlord As Prepaid Rent And Tenant Improvements Value

$ 500,000

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

$ 7,522

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 ($)	Apr. 11, 2015	Nov. 30, 2015	Nov. 17, 2015	Apr. 24, 2015
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues		3,000,005
Proceeds From Shelf Registration Debt Or Equity Securities				$ 75,000,000
Proceeds From Disgorgement Of Short Swing Profit	$ 12,611
Consummation of Offering Under Shelf Registration [Member]
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues			3,000,005
Common Stock, Discount on Shares			$ 1,242,002
Proceeds From Shelf Registration Debt Or Equity Securities				$ 75,000,000
Stock Offering Expenses On Issue Of Common Stock			125,000
Additional Stock Offering Expenses On Issue Of Common Stock			284,576
Proceeds From Issuance Of Common Stock Net Off Offering Expenses And Discount			$ 19,048,456
Share Price			$ 6.90
Proceeds from Issuance of Common Stock		$ 19,048,456	$ 19,333,032

Stock Based Compensation (Detai

Stock Based Compensation (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Weighted Average Grant Date Fair Value, Forfeited
Intrinsic Value, Exercisable	$ 3,076,767
Intrinsic Value, Exercisable	$ 5,129,844	$ 3,076,767
Employee Stock Option [Member]
Weighted Average Grant Date Fair Value, Forfeited
Number of Options, Outstanding	1,487,785
Number of Options, Granted	0
Number of Options, Exercised	(44,290)
Number of Options, Forfeited	0
Number of Options, Outstanding	1,443,495	1,487,785
Number of Options, Exercisable	860,970
Number of Options, Vested	87,242
Number of Options, Exercised	(44,290)
Number of Options, Forfeited	0
Number of Options, Exercisable	903,922	860,970
Weighted Average Exercise Price, Outstanding	$ 4.43
Weighted Average Exercise Price, Granted	0
Weighted Average Exercise Price, Exercised	2.49
Weighted Average Exercise Price, Forfeited	0
Weighted Average Exercise Price, Outstanding	4.40	$ 4.43
Weighted Average Exercise Price, Exercisable	4.34
Weighted Average Exercise Price, Vested	4.35
Weighted Average Exercise Price, Exercised	2.49
Weighted Average Exercise Price, Forfeited	0
Weighted Average Exercise Price, Exercisable	$ 4.43	$ 4.34
Weighted Average Remaining Life In Years, Outstanding	7 years 10 months 24 days	8 years
Weighted Average Remaining Life In Years, Exercisable	7 years 10 months 24 days	8 years
Intrinsic Value, Outstanding	$ 5,310,340
Intrinsic Value, Outstanding	$ 8,234,898	$ 5,310,340

Stock Based Compensation (Det25

Stock Based Compensation (Details 1)	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance | shares	1,560,996
RSUs granted | shares	64,416
RSUs forfeited | shares	(15,079)
RSUs vested | shares	(190,642)
Ending Balance | shares	1,419,691
Weighted Average Grant Date Fair Value, Beginning Balance | $ / shares	$ 8.83
Weighted Average Grant Date Fair Value, RSUs granted | $ / shares	8.11
Weighted Average Grant Date Fair Value, RSUs forfeited | $ / shares	7.86
Weighted Average Grant Date Fair Value, RSUs vested | $ / shares	9.98
Weighted Average Grant Date Fair Value, Ending Balance | $ / shares	$ 8.65
Vested Beginning Balance | shares	7,800
Shares of common stock issued in exchange for RSUs | shares	(132,630)
Vested Ending Balance | shares	65,812
Weighted Average Grant Date Fair Value, Vested Beginning Balance | $ / shares	$ 7.94
Weighted Average Grant Date Fair Value, Shares of common stock issued in exchange for RSUs | $ / shares	9.82
Weighted Average Grant Date Fair Value, Vested Ending Balance | $ / shares	$ 10.07

Stock Based Compensation (Det26

Stock Based Compensation (Details 2)	3 Months Ended
	Mar. 31, 2016USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Market capitalization	$ 136,888,114
Dividend yield	0.00%
Expected volatility	60.00%
Risk-free interest rate	0.95%

Stock Based Compensation (Det27

Stock Based Compensation (Details 3)	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested Beginning Balance	7,800
Vested Ending Balance	65,812
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Outstanding	1,135,614
PSUs granted	63,908
PSUs forfeited	0
PSUs vested	(7,677)
Number of Options, Outstanding	1,191,845
Vested Beginning Balance	13,768
PSUs vested	7,677
PSUs forfeited	0
Shares of common stock issued in exchange for PSUs	(13,768)
Vested Ending Balance	7,677
Weighted Average Grant Date Fair Value, Outstanding | $ / shares	$ 2.62
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, PSUs vested | $ / shares	2.62
Weighted Average Grant Date Fair Value, Outstanding | $ / shares	2.62
Weighted Average Grant Date Fair Value, Vested | $ / shares	2.62
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 | $ / shares	$ 2.62

Stock Based Compensation (Det28

Stock Based Compensation (Details 4)	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance | shares	1,560,996
RSUs granted | shares	64,416
RSUs forfeited | shares	(15,079)
RSUs vested | shares	(190,642)
Ending Balance | shares	1,419,691
Weighted Average Grant Date Fair Value, Beginning Balance | $ / shares	$ 8.83
Weighted Average Grant Date Fair Value, RSUs granted | $ / shares	8.11
Weighted Average Grant Date Fair Value, RSUs forfeited | $ / shares	7.86
Weighted Average Grant Date Fair Value, RSUs vested | $ / shares	9.98
Weighted Average Grant Date Fair Value, Ending Balance | $ / shares	$ 8.65
Deferred Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance | shares	0
RSUs granted | shares	14,953
RSUs forfeited | shares	0
RSUs vested | shares	0
Ending Balance | shares	14,953
Weighted Average Grant Date Fair Value, Beginning Balance | $ / shares	$ 0
Weighted Average Grant Date Fair Value, RSUs granted | $ / shares	8.36
Weighted Average Grant Date Fair Value, RSUs forfeited | $ / shares	0
Weighted Average Grant Date Fair Value, RSUs vested | $ / shares	0
Weighted Average Grant Date Fair Value, Ending Balance | $ / shares	$ 8.36

Stock Based Compensation (Det29

Stock Based Compensation (Details 5)	3 Months Ended
	Mar. 31, 2016$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	0.00%
Expected volatility	60.00%
Risk-free interest rate	0.95%
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock price	$ 8.36
Dividend yield	0.00%
Expected volatility	56.00%
Risk-free interest rate	0.49%
Expected life	6 months

Stock Based Compensation (Det30

Stock Based Compensation (Details 6) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based Compensation, Total	$ 1,953,534	$ 1,679,221
IR Consulting Warrant [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	0	85,831
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	1,223,096	1,333,875
Performance Share Units (PSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	214,465	0
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	62,937	0
Deferred Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	29,974	0
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	$ 423,062	$ 259,515

Stock Based Compensation (Det31

Stock Based Compensation (Details 7) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based Compensation, Total	$ 1,953,534	$ 1,679,221
Research and Development Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	910,843	1,034,318
Sales and Marketing Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	56,317	201,256
General and Administrative Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	$ 986,374	$ 443,647

Stock Based Compensation (Det32

Stock Based Compensation (Details Textual) - USD ($)	1 Months Ended					3 Months Ended		12 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Jan. 31, 2016	Dec. 17, 2015	May. 21, 2015	Mar. 31, 2016	Mar. 31, 2015	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, Equity Instruments Other than Options, Grants in Period						64,416
Performance Based Equity Plan Market Capitalization Minimum Amount					$ 100,000,000
Performance Based Equity Plan Market Capitalization Maximum Amount					$ 1,100,000,000
Share based Compensation Arrangement By Share based Payment Award Options Grants In Period Fair Value						3,518,921
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value						$ 8.11
Number of Shares To Be Issued If All Participants Under ESPP Exercise Options			48,912
Share Based Compensation Arrangement By Share Based Payment Award Unamortized Value						$ 2,480,387
Share Based Compensation Arrangement By Share Based Payment Award Unamortized Weighted Average Period						2 years 9 months 18 days
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		69,939				69,939
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 Authorized											1,042,167
Share-based Compensation Arrangement by Share-based Payment Award, Other Share Increase (Decrease)								2,335,967
Common Stock To Be Issued		188,627				188,627
2015 Performance Share Unit Plan
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						1,342,061
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						2 years 10 months 24 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		12,500
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options		$ 10,881,355				$ 10,881,355
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		4 years
Mr.Michael Leabman [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				$ 12,500
Director [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			26,916
John Gahlding [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			14,953
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures, Total			$ 125,000
John Gahlding [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			25,000
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures, Total			$ 75,000
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		$ 1,395,794				$ 1,395,794
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition						1 year 6 months
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						63,908
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period						63,908
Allocated Share-based Compensation Expense						$ 214,465	$ 0
Performance Shares [Member] | 2015 Performance Share Unit Plan
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						1,278,153
Performance Shares [Member] | Executive Officer [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		63,908
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
Amortization of Financing Costs						$ 214,465	0
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant		31,951				31,951
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
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Terms of Award						On May 21, 2015, the Company’s 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	48,912	46,023
Allocated Share-based Compensation Expense						$ 62,937	0
Common Stock, Capital Shares Reserved for Future Issuance		553,977				553,977			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						$ 2.57
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant		553,977				553,977
Employee Contribution Through Payroll Withholdings		$ 173,784				$ 173,784
Proceeds from Issuance Initial Public Offering			347,569
Stipend [Member] | John Gahlding [Member] | Non-Employee Equity Compensation Plan 2014 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures, Total			$ 50,000
Deferred Stock Units [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		9 months 18 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period						14,953
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options		$ 95,033				$ 95,033
Allocated Share-based Compensation Expense						$ 29,974	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value						$ 8.36

Related Party (Details Textual)

Related Party (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Howard Yeatons Service [Member]
Related Party Transaction [Line Items]
Payments for Fees	$ 0	$ 25,963
Other Financial Advisory and Accounting Services [Member]
Related Party Transaction [Line Items]
Payments for Fees	$ 10,631	$ 26,257