YogaWorks (YOGAQ) 10-Q 22 Sep 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Sep. 22, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Trading Symbol	YOGA
Entity Registrant Name	YogaWorks, Inc.
Entity Central Index Key	1,703,497
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		16,403,378

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Current assets
Cash and cash equivalents	$ 3,547,025	$ 1,912,421
Inventories, net	878,589	948,194
Prepaid expenses and other current assets	1,913,317	1,318,137
Total current assets	6,338,931	4,178,752
Property and equipment, net	7,653,492	8,552,674
Intangible assets, net	22,654,589	25,654,823
Goodwill	17,746,570	17,746,570
Other non-current assets	1,057,299	1,015,079
Total assets	55,450,881	57,147,898
Current liabilities
Accounts payable and accrued expenses	1,807,265	1,162,675
Accrued compensation	1,399,703	1,504,034
Current portion of long-term debt, net of debt issuance costs	6,537,007	418,750
Deferred revenue	5,101,146	4,593,076
Convertible note due to related party	3,267,905
Current portion of deferred rent	124,817	192,569
Total current liabilities	18,237,843	7,871,104
Deferred rent, net of current portion	2,599,932	2,471,734
Deferred tax liability	104,401	59,536
Convertible note due to related party		11,634,592
Long-term debt, net of current portion and debt issuance costs		6,350,320
Total liabilities	20,942,176	28,387,286
Commitments and Contingencies (Note 11)
Redeemable preferred stock, Redeemed and converted as of June 30, 2017. $0.001 par value; 10,000 shares authorized, issued and outstanding at December 31, 2016; Liquidation Preference $61,392,824 at December 31, 2016 (Note 7)		61,392,824
Stockholders’ equity (deficit)
Common stock at June 30, 2017, $0.001 par value; 14,131,017 shares authorized and 8,909,078 shares issued and outstanding and $0.001 par value; 100,000 shares authorized and 74,559 shares issued and outstanding at December 31, 2016 (Note 6)	8,909	75
Additional paid in capital	75,259,516	67,187
Accumulated deficit	(40,759,720)	(32,699,474)
Total stockholders’ equity (deficit)	34,508,705	(32,632,212)
Total liabilities, redeemable preferred stock, and stockholders’ equity (deficit)	$ 55,450,881	$ 57,147,898

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Statement Of Financial Position [Abstract]
Redeemable preferred stock, par value	$ 0.001	$ 0.001
Redeemable preferred stock, shares authorized		10,000
Redeemable preferred stock, shares issued		10,000
Redeemable preferred stock, shares outstanding		10,000
Redeemable preferred stock, liquidation preference		$ 61,392,824
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	14,131,017	100,000
Common stock, shares issued	8,909,078	74,559
Common stock, shares outstanding	8,909,078	74,559

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Net revenues	$ 12,493,461	$ 13,330,076	$ 26,483,555	$ 28,421,723
Cost of revenues and operating expenses
Cost of revenues	4,805,637	5,283,949	9,934,389	10,602,309
Center operations	5,583,228	5,532,241	11,269,866	11,094,949
General and administrative expenses	4,094,443	2,725,056	7,104,829	5,903,352
Depreciation and amortization	2,167,877	2,227,145	4,369,462	4,407,562
Total cost of revenues and operating expenses	16,651,185	15,768,391	32,678,546	32,008,172
Loss from operations	(4,157,724)	(2,438,315)	(6,194,991)	(3,586,449)
Interest expense, net	248,874	390,265	810,506	781,181
Net loss before provision for income taxes	(4,406,598)	(2,828,580)	(7,005,497)	(4,367,630)
Provision for income taxes	41,107	3,882	59,006	10,625
Net loss	(4,447,705)	(2,832,462)	(7,064,503)	(4,378,255)
Less preferred rights dividend on redeemable preferred stock		(1,153,557)	(995,743)	(2,284,556)
Net loss attributable to common stockholders	$ (4,447,705)	$ (3,986,019)	$ (8,060,246)	$ (6,662,811)
Basic and diluted net loss per share attributable to common stockholders	$ (0.50)	$ (54.18)	$ (1.66)	$ (91.08)
Weighted-average number of shares used in calculating loss per share attributable to common stockholders (Note 8):
Basic and diluted common shares	8,908,188	73,570	4,857,160	73,155

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Redeemable Preferred Stock (Unaudited)	6 Months Ended
	Jun. 30, 2017USD ($)shares
Statement Of Stockholders Equity [Abstract]
Beginning balance	$ 61,392,824
Beginning balance, Shares | shares	10,000
Preferred rights dividend on redeemable preferred stock	$ 995,743
Redeemed and preferred stock conversion (Note 7)	$ (62,388,567)
Redeemed and preferred stock conversion (Note 7), Shares | shares	(10,000)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) - 6 months ended Jun. 30, 2017 - USD ($)	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit
Beginning balance at Dec. 31, 2016	$ (32,632,212)	$ 75	$ 67,187	$ (32,699,474)
Beginning balance, Shares at Dec. 31, 2016		74,559
Conversion of redeemable preferred stock	62,388,567	$ 7,425	62,381,142
Conversion of redeemable preferred stock, Shares		7,425,388
Conversion of convertible note	11,825,774	$ 1,408	11,824,366
Conversion of convertible note, Shares		1,407,632
Beneficial conversion feature	147,877		147,877
Redeemable preferred stock dividends	(995,743)			(995,743)
Issuance of common stock	13,800	$ 1	13,799
Issuance of common stock, Shares		1,499
Stock-based compensation	825,145		825,145
Net loss	(7,064,503)			(7,064,503)
Ending balance at Jun. 30, 2017	$ 34,508,705	$ 8,909	$ 75,259,516	$ (40,759,720)
Ending balance, Shares at Jun. 30, 2017		8,909,078

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities
Net loss	$ (7,064,503)	$ (4,378,255)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	4,369,462	4,407,562
Deferred tax	44,865	1,949
Paid-in-kind interest expense capitalized to convertible note	259,087	442,211
Change in value of beneficial conversion feature	147,877
Amortization of debt issuance cost	55,437	55,961
Stock-based compensation expense	825,145	18,508
Changes to operating assets and liabilities
Inventories	69,605	186,135
Prepaid expenses and other current assets	(595,180)	(354,312)
Other non-current assets	(42,220)	(28,948)
Accounts payable and accrued expenses	644,590	(567,307)
Accrued compensation	(104,331)	410,674
Deferred revenue	508,070	(891,192)
Deferred rent and other non-current liabilities	60,446	246,945
Net cash used in operating activities	(821,650)	(450,069)
Cash flows from investing activities
Purchases of property, equipment, and intangible assets	(470,046)	(1,502,488)
Tenant improvement allowances received		762,365
Net cash used in investing activities	(470,046)	(740,123)
Cash flows from financing activities
Principal payment on term loans	(87,500)
Principal payment on subordinated notes	(200,000)
Proceeds from issuance of convertible note	3,200,000
Proceeds from issuance of common stock	13,800
Net cash provided by financing activities	2,926,300
Increase (decrease) in cash and cash equivalents	1,634,604	(1,190,192)
Cash and cash equivalents, beginning of period	1,912,421	3,772,605
Cash and cash equivalents, end of period	3,547,025	2,582,413
Cash paid during the year for:
Interest paid	277,151	283,111
Supplemental disclosure of non-cash activities
Dividends on preferred redeemable stock accrued	995,743	2,284,556
Paid-in-kind interest expense capitalized to convertible note	259,087	$ 442,211
Conversion of convertible notes to equity	11,825,774
Conversion of preferred redeemable stock to equity	$ 62,388,567

Organization and Basis of Prese

Organization and Basis of Presentation	6 Months Ended
	Jun. 30, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization and Basis of Presentation	1. Organization and Basis of Presentation General YogaWorks, Inc., a Delaware corporation, and its wholly-owned subsidiaries (collectively referred to as “we”, “us”, “our”, and the “Company”) are primarily engaged in building and operating yoga studios. Our Company was formerly known as YWX Holdings, Inc. and changed our name to YogaWorks, Inc. on April 10, 2017. We operate under the brand name YogaWorks and Yoga Tree and primarily offer yoga classes, workshops, teacher training programs, and yoga-related retail merchandise across our studios. In addition to our studio locations, we offer online yoga instruction and programming through our MyYogaWorks.com web platform, which provides subscribers with a highly curated library of over 1,000 yoga classes. Initial Public Offering On August 16, 2017, we completed our initial public offering (“IPO”) whereby we sold 7,300,000 shares of our common stock registered at a price of $5.50 per share. Our shares of our common stock are traded on the NASDAQ Global Market. We received proceeds from our IPO of $37.6 million after deducting underwriters' discounts and commissions of $2.5 million, but before deducting offering costs of $2.1 million. Certain IPO- related costs at June 30, 2017 of $0.5 million were recorded as prepaid expenses and other current assets and were subsequently reclassified to additional paid-in capital. Markets We operate in regional markets across the U.S. As a result of the clustering of the studios in key geographic markets, and the flexibility offered to students to use different studios in a regional market, we do not report net revenues on an individual studio basis or report same studio sales. We prefer to analyze financial results on a regional market basis. Given the focus on acquisitions, we may acquire studios in an existing regional market to capture more regional market share which may take some market share from our existing studios. As of June 30, 2017, we owned and operated 50 yoga studios in 6 regional markets. The following table illustrates the studio locations by regional market: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Regional Market Number of Studios(1) Percentage of Net Revenues(2) Number of Studios(1) Percentage of Net Revenues(2) Number of Studios(1) Percentage of Net Revenues(2) Number of Studios(1) Percentage of Net Revenues(2) Los Angeles 17 42 % 17 42 % 17 41 % 17 41 % Orange County (California)(3) 4 8 % 5 8 % 4 8 % 5 8 % New York City 5 14 % 5 14 % 5 14 % 5 14 % Northern California 13 25 % 13 25 % 13 25 % 13 26 % Boston(3) 3 3 % 2 3 % 3 4 % 2 3 % Baltimore/Washington D.C. 8 8 % 8 8 % 8 8 % 8 8 % Total Studios 50 50 50 50 (1) Number of studios as of the end of the period. (2) For the three and six months ended June 30. Assumes that any net revenues for teacher training, workshops and MyYogaWorks.com for such period are allocated to the regional markets on a proportional basis based on the market’s share of total studio net revenues for such period. (3) Reflects closure of one studio in Orange County (California) in the third quarter of 2016 and one studio opening in Boston in the first quarter of 2017. We operate in a number of regional operating segments; however, we meet the aggregation criteria of Accounting Standards Codification (“ASC”) 280, “Segment Reporting” and therefore report as one reportable segment Basis of Presentation The accompanying unaudited condensed consolidated financial statements included herein have been prepared by us in accordance with U.S. generally accepted accounting principles (“GAAP”), for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, normal recurring adjustments considered necessary for a fair presentation have been reflected in these condensed consolidated financial statements. The consolidated balance sheet as of December 31, 2016 has been derived from the audited financial statements for the fiscal year then ended included in our final prospectus filed with the SEC pursuant to Rule 424(b) under the Securities Act of 1933, as amended, on August 11, 2017 (“the Prospectus”), but does not include all of the information and notes required by GAAP for complete financial statements. The financial information included in this Quarterly Report on Form 10-Q should be read in conjunction with the consolidated financial statements as of and for the fiscal year ended December 31, 2016 and the related notes thereto included in the Prospectus. There have been no significant changes in our accounting policies from those disclosed in the Prospectus filed with the SEC on August 11, 2017.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2017
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	2. Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards until such time as those standards apply to private companies. We have availed ourselves of this exemption from new or revised accounting standards. The effective dates for recent accounting pronouncements noted below reflects the private company transition dates. In May 2017, the Financial Accounting Standards Board (“FASB”) issued 2017-09, Compensation – Stock Compensation (Topic 718): Scope of Modification Accounting. The amendments in this ASU will provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. This ASU is effective for fiscal years beginning after December 15, 2017. Early adoption is permitted and the standard should be applied prospectively. Our Company is currently evaluating the impact of this ASU on the financial statements and related disclosures.

Property and Equipment

Property and Equipment	6 Months Ended
	Jun. 30, 2017
Property Plant And Equipment [Abstract]
Property and Equipment	3. Property and Equipment The major classes of property and equipment are as follows: As of June 30, 2017 As of December 31, 2016 Computer equipment and purchased software $ 1,081,771 $ 1,070,769 Furniture and fixtures 3,442,860 3,383,360 Leasehold improvements 21,366,601 21,073,627 Other equipment 216,497 184,747 Construction-in-progress — 22,201 Total property and equipment 26,107,729 25,734,704 Less accumulated depreciation and amortization (18,454,237 ) (17,182,030 ) $ 7,653,492 $ 8,552,674 Depreciation and amortization expense includes property and equipment, leasehold improvements and purchased software. We incurred depreciation expense of $633,842 and $666,917 for the three months ended June 30, 2017 and 2016, respectively, and $1,294,644 and $1,279,430 for the six months ended June 30, 2017 and 2016, respectively.

Related Party

Related Party	6 Months Ended
	Jun. 30, 2017
Related Party Transactions [Abstract]
Related Party	4. Related Party We paid expense reimbursement fees to an affiliate of Great Hill Equity Partners, V, L.P. and Great Hill Investors, LLC (collectively, “Great Hill Partners” or “GHP”), the owners of a majority of the Common Stock, in the amount of $25,000 for the three months ended June 30, 2017 and 2016, respectively, and $50,000 for the six months ended June 30, 2017 and 2016, respectively. In connection with our IPO, the Expense Reimbursement Agreement with Great Hill Partners was terminated by the parties. On March 27, 2017, we issued new convertible notes to Great Hill Partners, in the aggregate principal amount of $3.2 million, which are convertible, at the option of the holder, into shares of Common Stock at a conversion price of $8.40 per share of Common Stock (see Note 5). In connection with the IPO, the convertible notes were repaid in full.

Debt

Debt	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Debt	5. Debt Long-term debt, net of debt issuance costs, consists of the following: As of June 30, 2017 As of December 31, 2016 Term loan matures on July 26, 2020. Outstanding borrowings bear interest annually at LIBOR plus 8% as of June 30, 2017 $ 6,868,750 $ 6,956,250 Subordinated notes matured and paid on February 8, 2017. Outstanding borrowings bear interest annually at the applicable federal rate of 1% — 200,000 Total long-term debt, excluding debt issuance costs 6,868,750 7,156,250 Debt issuance costs, net of accumulated amortization (331,743 ) (387,180 ) Total long-term debt, net of debt issuance costs 6,537,007 6,769,070 Current portion of long-term debt, net of debt issuance costs (6,537,007 ) (418,750 ) Long-term debt, net of current portion and debt issuance costs $ — $ 6,350,320 Term Loans In July 2015, we obtained a 5-year $20 million senior secured term loan facility with Deerpath Funding LP (the “Deerpath Facility”). We borrowed $5 million in July 2015 (the “Initial Term Loan”), and had the ability, upon meeting certain conditions, to borrow up to an additional $15 million. Borrowings under the Deerpath Facility carried an annual interest rate of LIBOR + 7%. The proceeds from the Initial Term Loan were used to pay all of the outstanding indebtedness under our credit facility with a previous lender. In December 2015, we borrowed an additional $2 million under the Deerpath Facility for general corporate purposes, thereby increasing the principal amount of the loans and reducing the incremental borrowing availability under the Deerpath Facility, in each case, by an equivalent amount. As of June 30, 2017, there remained $13.1 million of incremental borrowing capacity under the Deerpath Facility. On August 16, 2017, in connection with the consummation of our IPO, the Deerpath Facility was repaid in full and immediately cancelled thereafter. Financing from Great Hill Partners On March 27, 2017, we issued new convertible notes (the “New Convertible Notes”) to Great Hill Partners, in the aggregate principal amount of $3.2 million, which are convertible, at the option of the holder, into shares of Common Stock at a conversion rate of $8.40 per share of Common Stock. The New Convertible Notes consist of a Subordinated Convertible Promissory Note, dated March 27, 2017, made by us in favor of Great Hill Equity Partners V, L.P., in the principal amount of $3,189,350, and a Subordinated Convertible Promissory Note, dated March 27, 2017, made by us in favor of Great Hill Investors, LLC, in the principal amount of $10,650. Each New Convertible Note has a maturity date of March 27, 2018 and bears interest at an annual rate of 8%. On August 16, 2017, in connection with the consummation of our IPO, the New Convertible Notes were repaid in full. Interest expense for the three months ended June 30, 2017 and 2016 related to the aggregate amount of outstanding indebtedness under the Deerpath Facility, and was $156,183 and $141,555. In addition, PIK interest expense under the convertible promissory notes was $65,061 and $220,729 for the three months ended June 30, 2017 and 2016, respectively.

Common Stock

Common Stock	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Common Stock	6. Common Stock Conversion of Amended and Restated 2015 GHP convertible promissory notes and Redeemable Preferred Stock On March 24, 2017, we engaged in a series of transactions to convert certain of our outstanding indebtedness and all of the outstanding Redeemable Preferred Stock into shares of Common Stock. The aggregate amount of principal and accrued interest under that certain Second Amended and Restated Subordinated Convertible Promissory Note made by us in favor of Great Hill Equity Partners V, L.P., dated March 24, 2017, and that certain Second Amended and Restated Subordinated Convertible Promissory Note made by us in favor of Great Hill Investors, LLC, dated March 24, 2017 (collectively, the “Amended and Restated 2015 GHP Convertible Promissory Notes”), was converted into 1,407,632 shares of Common Stock based on the conversion price per share of Common Stock as set forth in such notes of $8.40. Concurrently, all of the outstanding shares of Redeemable Preferred Stock were converted into shares of Common Stock, with the number of shares of Common Stock issuable upon such conversion computed by dividing the Preferred Share Liquidation Preference per share by a conversion price per share of Common Stock of $8.40, resulting in 7,426,169 newly issued shares of Common Stock. Immediately after the conversion of the Amended and Restated 2015 GHP Convertible Promissory Notes and the Redeemable Preferred Stock into shares of Common Stock, we effected a 1-for-10 reverse stock split of the Common Stock. Accordingly, except as otherwise indicated, all share and per share amounts have been adjusted to reflect the 1-for-10 reverse stock split as though it had occurred at the beginning of the initial period presented. In connection with the foregoing transactions, we also increased our total number of shares of authorized Common Stock to 14,131,017 shares. Following the 1-for-10 reverse stock split, our Board of Directors amended our 2014 Stock Option and Grant Plan to increase the shares of Common Stock reserved for issuance thereunder to 1,695,484. In addition, our Board of Directors approved the grant of options to purchase 1,425,641 shares of Common Stock to certain employees and consultants. On July 14, 2017, we effectuated a 1-for-1.333520 reverse stock split (the “1-for- 1.333520 Reverse Split”). Under the terms of the 1-for-1.333520 Reverse Split, each share of common stock, issued and outstanding as of such effective date, was automatically reclassified and split into 0.749895 shares of common stock, without any further action by the stockholders. Fractional shares were rounded down to the nearest whole share. Accordingly, except as otherwise indicated, all share and per share amounts have been adjusted to reflect the 1-for-1.333520 Reverse Split for all periods presented.

Preferred Stock

Preferred Stock	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Preferred Stock	7. Preferred Stock Redeemable Preferred Stock On March 24, 2017, we engaged in a series of transactions to convert certain of our outstanding indebtedness and all of the outstanding Redeemable Preferred Stock into shares of Common Stock. Because Great Hill Equity Partners, V, L.P. and Great Hill Investors, LLC held all of the Redeemable Preferred Stock and owned a substantial majority of the Common Stock both before and after the conversion of the Redeemable Preferred Stock on March 24, 2017, there is no impact on earnings per share as a result of this conversion.

Loss per Share Attributable to

Loss per Share Attributable to Common Stockholders	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Loss per Share Attributable to Common Stockholders	8. Loss per Share Attributable to Common Stockholders The components of basic and diluted loss per share attributable to common stockholders are as follows (in thousands, except share and per share data): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Numerator for basic and diluted loss per share attributable to common stockholders: Net loss $ (4,447,705 ) $ (2,832,462 ) $ (7,064,503 ) $ (4,378,255 ) Dividend attributable to participating securities — (1,153,557 ) (995,743 ) (2,284,556 ) Net loss attributable to YogaWorks, Inc. common stockholders $ (4,447,705 ) $ (3,986,019 ) $ (8,060,246 ) $ (6,662,811 ) Denominator: Weighted-average outstanding shares of common stock 8,908,188 73,570 4,857,160 73,155 Dilutive effect of: Equity incentive plans — — — — Convertible debt — — — — Common stock and common stock equivalents 8,908,188 73,570 4,857,160 73,155 Net loss per share attributable to common stockholders: Basic and Diluted $ (0.50 ) $ (54.18 ) $ (1.66 ) $ (91.08 ) For the quarters ended June 30, 2017, and 2016, there were outstanding options to purchase 1,289,007 and 673 shares of Common Stock outstanding, respectively, which were excluded from the computation of diluted loss per share because it would be anti-dilutive.

Accounting for Stock-Based Comp

Accounting for Stock-Based Compensation	6 Months Ended
	Jun. 30, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Accounting for Stock-Based Compensation	9. Accounting for Stock-Based Compensation Valuation To estimate certain expenses and record certain transactions, it is necessary for us to estimate the fair value of our shares of Common Stock. Given the absence of a public trading market for the shares of Common Stock, and in accordance with the American Institute of Certified Public Accountants’ Practice Guide, “Valuation of Privately-Held-Company Equity Securities Issued as Compensation”, our Company exercised reasonable judgment and considered numerous objective and subjective factors to determine our best estimate of the fair value of our shares. Factors considered included: • recent equity financings and the related valuations; • the estimated present value of our Company’s future cash flows; • industry information such as market size and growth; • market capitalization of comparable companies and the estimated value of transactions such companies have engaged in; and • macroeconomic conditions. Common Stock Options and Grants During the quarter ended June 30, 2017, option awards for 18,747 shares of Common Stock were granted under the amended 2014 Stock Option and Grant Plan. With the exception of accelerated options, the typical options vest over four years from the grant date, with 25% of the award vesting on the first anniversary of the grant date and the remainder vesting over the next 36 months. Stock compensation expense related to these equity awards was recorded based upon the estimated fair value of the shares amortized over the vesting period. Fair value of the common stock is estimated using a generally accepted valuation methodology and the fair value of the options is calculated using the Black-Scholes valuation model. Stock compensation expense of $286,273 and $11,854 was recorded in general and administrative expense for the quarters ended June 30, 2017 and 2016, respectively. Unamortized stock compensation expense amounted to $1,473,449 as of June 30, 2017 and is expected to be expensed ratably over the remaining vesting period. Shares Weighted- Average Exercise Price Nonvested at March 31, 2017 990,079 $ 8.40 Granted 18,747 8.40 Vested/Released (94,647 ) 8.40 Cancelled (18,747 ) 8.40 Nonvested at June 30, 2017 895,432 8.40 We use the Black-Scholes option pricing model to calculate the fair value of each option grant. The expected volatility is based on historical volatility of the stock price of comparable public companies. We estimate the expected term based upon the historical exercise behavior of employees. The risk-free interest rate is based on U.S. Treasury zero-coupon issues with a term equal to the expected term of the option assumed at the date of grant. We estimated a zero forfeiture rate for these stock option grants as the awards have short vesting terms and have a low probability of forfeiture based on the recipients of the stock options. The fair values of stock options granted have been estimated utilizing the following assumptions: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Fair value of common stock $ 5.88 $ 9.20 $ 5.88 $ 9.20 Exercise Price of common stock option 8.40 9.20 8.40 9.20 Risk-free interest rate 2.10 % 2.50 % 2.10 % 2.50 % Expected term (in years) 5.95 6.25 5.95 6.25 Dividend yield 0.00 % 0.00 % 0.00 % 0.00 % Expected volatility 40 % 44 % 40 % 44 % Stock options as of June 30, 2017, are summarized as follows: Range of exercise prices Options Outstanding Weighted- Average Remaining Contractual Life (in Years) Weighted- Average Exercise Price of Outstanding Options Options Exercisable Weighted- Average Exercise Price of Exercisable Options $8.40 - $9.20 1,289,017 9.73 $ 8.40 393,583 $ 8.40 On March 24, 2017, our Board of Directors amended the 2014 Stock Option and Grant Plan to increase the shares of Common Stock reserved for issuance thereunder to 1,695,484 shares. In connection with our IPO, we adopted the 2017 Incentive Award Plan (the “2017 Plan”), effective as of August 9, 2017. The aggregate number of shares of Common Stock reserved for issuance pursuant to awards granted under the 2017 Plan equals the sum of (i) 2,263,213, plus (ii) any shares which, as of the effective date of the 2017 Plan, are subject to awards under the 2014 Plan which are forfeited or lapse unexercised following the effective date of the 2017 Plan, plus (iii) an annual increase on the first day of each calendar year beginning on January 1, 2018 and ending on and including January 1, 2027 equal to the lesser of (a) 5% of the shares outstanding (on an as-converted basis) on the final day of the immediately preceding calendar year, and (b) such smaller number of shares as determined by our Board of Directors.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	10. Income Taxes Our effective income tax rate for the three months ended June 30, 2017 and 2016 was (0.93)% and (0.52)%, respectively. Our effective income tax rate is evaluated and adjusted at each interim period as facts and circumstances warrant. The difference between federal income taxes computed at the federal statutory rate and reported income taxes for the three months ended June 30, 2017 and 2016 was primarily related to the impact of the valuation allowance and state income taxes. At June 30, 2017, we had no unrecognized tax benefits. We believe that there are no uncertain tax positions for which it is reasonably possible that will produce a material effect to the financial statements over the next 12 months. We recognize interest and penalties on taxes, if any, related to unrecognized tax benefits as income tax expense. As of June 30, 2017 and 2016, we had no material uncertain tax positions to be accounted for in the financial statements; accordingly, no interest or penalties on taxes were recognized for the six months ended June 30, 2017 and for same period in 2016. Pursuant to Internal Revenue Code, or IRC, Sections 382 and 383, annual use of our net operating loss carryforwards may be limited in the event a cumulative change in ownership of more than 50% occurred within a three-year period. We have not completed an IRC Section 382 and 383 analysis regarding the limitation of net operating loss carryforwards. Since there is a full valuation allowance applied to the deferred taxes, a Section 382 limitation will not have an effect on the deferred taxes or the income tax rate. We are undergoing an examination of our federal income tax return filed for the 2015 tax year by the Internal Revenue Service. We are currently not under examination by state and local tax authorities.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2017
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	11. Commitments and Contingencies Legal Matters On June 5, 2017, a letter was sent to the California Labor & Workforce Development Agency alleging our itemized wage statements did not comply with the California Labor Code, which we refer to herein as the Wage Statement Claim. On August 7, 2017, we agreed to a class wide settlement for a maximum amount of $865,000 with respect to the Wage Statement Claim, which would include settlement of all penalties under the Private Attorneys General Act of 2004 and California Labor Code section 226, attorneys’ fees and costs, class representative enhancements and claims administration fees. The class wide settlement, including the maximum settlement amount of $865,000, remains subject to court approval. As of June 30, 2017, we have reserved for the entire amount under accrued expenses. In addition to the Wage Statement Claim, from time to time, we may become involved in legal proceedings arising in the ordinary course of business. There can be no assurance with respect to the outcome of any legal proceeding, and we could suffer monetary liability from the outcome of the Wage Statement Claim described above or other claims that may be made in the future that could be material to our results of operations. Other than the Wage Statement Claim, we believe there are no pending lawsuits or claims that may have a material adverse effect on our business, capital resources or results of operations.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2017
Subsequent Events [Abstract]
Subsequent Events	12. Subsequent Events On July 14, 2017, we effectuated the 1-for-1.333520 Reverse Split. Under the terms of the 1-for-1.333520 Reverse Split, each share of common stock, issued and outstanding as of such effective date, was automatically reclassified and split into 0.749895 shares of common stock, without any action by the stockholders. Fractional shares were rounded down to the nearest whole share. All share and per share amounts have been restated to reflect the 1-for-1.333520 Reverse Split for all periods presented. On August 16, 2017, we successfully completed our IPO, pursuant to which we issued and sold 7,300,000 shares of Common Stock at a price of $5.50 per share, resulting in net proceeds of $37.6 million after deducting underwriters' discounts and commissions of $2.5 million, but before deducting offering costs of $2.1 million. In connection with the completion of our IPO, we repaid in full the outstanding balance under the Deerpath Facility and cancelled the Deerpath Facility. We also repaid in full the outstanding balance under the New Convertible Notes and terminated the New Convertible Notes. Also in connection with the completion of our IPO, we and Great Hill Partners agreed to terminate the Expense Reimbursement Agreement between the parties. We adopted the 2017 Plan, effective as of August 9, 2017. On August 17, 2017, our Board of Directors authorized the issuance of 517,357 restricted stock units to our officers and 254,016 stock options to employees under the 2017 Plan. On August 28, 2017, we acquired two studio locations, one in Arlington, Virginia, and one in the Dupont Circle neighborhood of Washington, D.C. With this acquisition, we have 52 studios in Los Angeles, Orange County, Northern California, New York City, Boston, Baltimore, Washington, D.C. and Virginia.

Recent Accounting Pronounceme20

Recent Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2017
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards until such time as those standards apply to private companies. We have availed ourselves of this exemption from new or revised accounting standards. The effective dates for recent accounting pronouncements noted below reflects the private company transition dates. In May 2017, the Financial Accounting Standards Board (“FASB”) issued 2017-09, Compensation – Stock Compensation (Topic 718): Scope of Modification Accounting. The amendments in this ASU will provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. This ASU is effective for fiscal years beginning after December 15, 2017. Early adoption is permitted and the standard should be applied prospectively. Our Company is currently evaluating the impact of this ASU on the financial statements and related disclosures.

Organization and Basis of Pre21

Organization and Basis of Presentation (Tables)	6 Months Ended
	Jun. 30, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Summary of Studio Locations by Regional Market	The following table illustrates the studio locations by regional market: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Regional Market Number of Studios(1) Percentage of Net Revenues(2) Number of Studios(1) Percentage of Net Revenues(2) Number of Studios(1) Percentage of Net Revenues(2) Number of Studios(1) Percentage of Net Revenues(2) Los Angeles 17 42 % 17 42 % 17 41 % 17 41 % Orange County (California)(3) 4 8 % 5 8 % 4 8 % 5 8 % New York City 5 14 % 5 14 % 5 14 % 5 14 % Northern California 13 25 % 13 25 % 13 25 % 13 26 % Boston(3) 3 3 % 2 3 % 3 4 % 2 3 % Baltimore/Washington D.C. 8 8 % 8 8 % 8 8 % 8 8 % Total Studios 50 50 50 50 (1) Number of studios as of the end of the period. (2) For the three and six months ended June 30. Assumes that any net revenues for teacher training, workshops and MyYogaWorks.com for such period are allocated to the regional markets on a proportional basis based on the market’s share of total studio net revenues for such period. (3) Reflects closure of one studio in Orange County (California) in the third quarter of 2016 and one studio opening in Boston in the first quarter of 2017.

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2017
Property Plant And Equipment [Abstract]
Summary of Major Classes of Property and Equipment	The major classes of property and equipment are as follows: As of June 30, 2017 As of December 31, 2016 Computer equipment and purchased software $ 1,081,771 $ 1,070,769 Furniture and fixtures 3,442,860 3,383,360 Leasehold improvements 21,366,601 21,073,627 Other equipment 216,497 184,747 Construction-in-progress — 22,201 Total property and equipment 26,107,729 25,734,704 Less accumulated depreciation and amortization (18,454,237 ) (17,182,030 ) $ 7,653,492 $ 8,552,674

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Schedule of Long-Term Debt, Net of Debt Issuance Costs	Long-term debt, net of debt issuance costs, consists of the following: As of June 30, 2017 As of December 31, 2016 Term loan matures on July 26, 2020. Outstanding borrowings bear interest annually at LIBOR plus 8% as of June 30, 2017 $ 6,868,750 $ 6,956,250 Subordinated notes matured and paid on February 8, 2017. Outstanding borrowings bear interest annually at the applicable federal rate of 1% — 200,000 Total long-term debt, excluding debt issuance costs 6,868,750 7,156,250 Debt issuance costs, net of accumulated amortization (331,743 ) (387,180 ) Total long-term debt, net of debt issuance costs 6,537,007 6,769,070 Current portion of long-term debt, net of debt issuance costs (6,537,007 ) (418,750 ) Long-term debt, net of current portion and debt issuance costs $ — $ 6,350,320

Loss per Share Attributable t24

Loss per Share Attributable to Common Stockholders (Tables)	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Components of Basic and Diluted Loss per Share Attributable to Common Stockholders	The components of basic and diluted loss per share attributable to common stockholders are as follows (in thousands, except share and per share data): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Numerator for basic and diluted loss per share attributable to common stockholders: Net loss $ (4,447,705 ) $ (2,832,462 ) $ (7,064,503 ) $ (4,378,255 ) Dividend attributable to participating securities — (1,153,557 ) (995,743 ) (2,284,556 ) Net loss attributable to YogaWorks, Inc. common stockholders $ (4,447,705 ) $ (3,986,019 ) $ (8,060,246 ) $ (6,662,811 ) Denominator: Weighted-average outstanding shares of common stock 8,908,188 73,570 4,857,160 73,155 Dilutive effect of: Equity incentive plans — — — — Convertible debt — — — — Common stock and common stock equivalents 8,908,188 73,570 4,857,160 73,155 Net loss per share attributable to common stockholders: Basic and Diluted $ (0.50 ) $ (54.18 ) $ (1.66 ) $ (91.08 )

Accounting for Stock-Based Co25

Accounting for Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule of Nonvested Stock Option Activity	Shares Weighted- Average Exercise Price Nonvested at March 31, 2017 990,079 $ 8.40 Granted 18,747 8.40 Vested/Released (94,647 ) 8.40 Cancelled (18,747 ) 8.40 Nonvested at June 30, 2017 895,432 8.40
Schedule of Estimated Fair Values of Stock Options Granted	The fair values of stock options granted have been estimated utilizing the following assumptions: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Fair value of common stock $ 5.88 $ 9.20 $ 5.88 $ 9.20 Exercise Price of common stock option 8.40 9.20 8.40 9.20 Risk-free interest rate 2.10 % 2.50 % 2.10 % 2.50 % Expected term (in years) 5.95 6.25 5.95 6.25 Dividend yield 0.00 % 0.00 % 0.00 % 0.00 % Expected volatility 40 % 44 % 40 % 44 %
Summary of Stock Options Activity	Stock options as of June 30, 2017, are summarized as follows: Range of exercise prices Options Outstanding Weighted- Average Remaining Contractual Life (in Years) Weighted- Average Exercise Price of Outstanding Options Options Exercisable Weighted- Average Exercise Price of Exercisable Options $8.40 - $9.20 1,289,017 9.73 $ 8.40 393,583 $ 8.40

Organization and Basis of Pre26

Organization and Basis of Presentation - Additional Information (Details) $ / shares in Units, $ in Millions	Aug. 16, 2017USD ($)$ / sharesshares	Jun. 30, 2017USD ($)YogaClassYogaStudioMarketsegment	Aug. 29, 2017Studio	Jun. 30, 2016YogaStudio
Basis Of Presentation [Line Items]
Number of yoga classes provided | YogaClass		1,000
Number of studios owned and operated | YogaStudio		50		50
Number of regional markets | Market		6
Accounting Standards Codification (“ASC”) 280
Basis Of Presentation [Line Items]
Number of reportable segments | segment		1
Initial Public Offering | Prepaid Expenses and Other Current Assets
Basis Of Presentation [Line Items]
Offering related costs		$ 0.5
Subsequent Event
Basis Of Presentation [Line Items]
Number of studios owned and operated | Studio			52
Subsequent Event | Initial Public Offering
Basis Of Presentation [Line Items]
Common stock, shares sold | shares	7,300,000
Common stock, sold per share | $ / shares	$ 5.50
Proceeds from sale of common stock	$ 37.6
Underwriting discounts and commissions	2.5
Offering costs	$ 2.1

Organization and Basis of Pre27

Organization and Basis of Presentation - Summary of Studio Locations by Regional Market (Details) - YogaStudio	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Basis Of Presentation [Line Items]
Number of Studios	50	50	50	50
Los Angeles
Basis Of Presentation [Line Items]
Number of Studios	17	17	17	17
Los Angeles | Sales Revenue Net | Geographic Concentration Risk
Basis Of Presentation [Line Items]
Percentage of Net Revenues	42.00%	42.00%	41.00%	41.00%
Orange County (California)
Basis Of Presentation [Line Items]
Number of Studios	4	5	4	5
Orange County (California) | Sales Revenue Net | Geographic Concentration Risk
Basis Of Presentation [Line Items]
Percentage of Net Revenues	8.00%	8.00%	8.00%	8.00%
New York City
Basis Of Presentation [Line Items]
Number of Studios	5	5	5	5
New York City | Sales Revenue Net | Geographic Concentration Risk
Basis Of Presentation [Line Items]
Percentage of Net Revenues	14.00%	14.00%	14.00%	14.00%
Northern California
Basis Of Presentation [Line Items]
Number of Studios	13	13	13	13
Northern California | Sales Revenue Net | Geographic Concentration Risk
Basis Of Presentation [Line Items]
Percentage of Net Revenues	25.00%	25.00%	25.00%	26.00%
Boston
Basis Of Presentation [Line Items]
Number of Studios	3	2	3	2
Boston | Sales Revenue Net | Geographic Concentration Risk
Basis Of Presentation [Line Items]
Percentage of Net Revenues	3.00%	3.00%	4.00%	3.00%
Baltimore/Washington D.C.
Basis Of Presentation [Line Items]
Number of Studios	8	8	8	8
Baltimore/Washington D.C. | Sales Revenue Net | Geographic Concentration Risk
Basis Of Presentation [Line Items]
Percentage of Net Revenues	8.00%	8.00%	8.00%	8.00%

Organization and Basis of Pre28

Organization and Basis of Presentation - Summary of Studio Locations by Regional Market (Details) (Parenthetical) - Studio	3 Months Ended
	Mar. 31, 2017	Sep. 30, 2016
Orange County (California)
Basis Of Presentation [Line Items]
Number of studios closed		1
Boston
Basis Of Presentation [Line Items]
Number of studios opened	1

Property and Equipment - Summar

Property and Equipment - Summary of Major Classes of Property and Equipment (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Property Plant And Equipment [Line Items]
Total property and equipment	$ 26,107,729	$ 25,734,704
Less accumulated depreciation and amortization	(18,454,237)	(17,182,030)
Property plant and equipment, net	7,653,492	8,552,674
Computer Equipment and Purchased Software
Property Plant And Equipment [Line Items]
Total property and equipment	1,081,771	1,070,769
Furniture and Fixtures
Property Plant And Equipment [Line Items]
Total property and equipment	3,442,860	3,383,360
Leasehold Improvements
Property Plant And Equipment [Line Items]
Total property and equipment	21,366,601	21,073,627
Other Equipment
Property Plant And Equipment [Line Items]
Total property and equipment	$ 216,497	184,747
Construction-in-Progress
Property Plant And Equipment [Line Items]
Total property and equipment		$ 22,201

Property and Equipment - Additi

Property and Equipment - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Property Plant And Equipment [Abstract]
Depreciation expense	$ 633,842	$ 666,917	$ 1,294,644	$ 1,279,430

Related Party (Additional Infor

Related Party (Additional Information) (Details) - Great Hill Partners - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Mar. 27, 2017
Related Party Transaction [Line Items]
Reimbursement fee expense	$ 25,000	$ 25,000	$ 50,000	$ 50,000
New Convertible Notes
Related Party Transaction [Line Items]
Convertible promissory note principal amount					$ 3,200,000
Convertible promissory notes conversion price per share					$ 8.40

Debt - Schedule of Long-Term De

Debt - Schedule of Long-Term Debt, Net of Debt Issuance Costs (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Total long-term debt, excluding debt issuance costs	$ 6,868,750	$ 7,156,250
Debt issuance costs, net of accumulated amortization	(331,743)	(387,180)
Total long-term debt, net of debt issuance costs	6,537,007	6,769,070
Current portion of long-term debt, net of debt issuance costs	(6,537,007)	(418,750)
Long-term debt, net of current portion and debt issuance costs		6,350,320
Term loan matures on July 26, 2020
Debt Instrument [Line Items]
Total long-term debt, excluding debt issuance costs	$ 6,868,750	6,956,250
Subordinated notes matured and paid on February 8, 2017
Debt Instrument [Line Items]
Total long-term debt, excluding debt issuance costs		$ 200,000

Debt - Schedule of Long-Term 33

Debt - Schedule of Long-Term Debt, Net of Debt Issuance Costs (Parenthetical) (Details)	6 Months Ended
	Jun. 30, 2017
Debt Instrument [Line Items]
Debt instrument maturity date	Mar. 27, 2018
Term loan matures on July 26, 2020
Debt Instrument [Line Items]
Debt instrument maturity date	Jul. 26, 2020
Term loan matures on July 26, 2020 | LIBOR
Debt Instrument [Line Items]
Outstanding borrowings bear interest	8.00%
Subordinated notes matured and paid on February 8, 2017
Debt Instrument [Line Items]
Debt instrument maturity date	Feb. 8, 2017
Subordinated notes matured and paid on February 8, 2017 | Federal rate
Debt Instrument [Line Items]
Outstanding borrowings bear interest	1.00%

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($)	1 Months Ended		3 Months Ended		6 Months Ended
	Dec. 31, 2015	Jul. 31, 2015	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Mar. 27, 2017
Debt Instrument [Line Items]
Convertible promissory notes interest percentage							8.00%
Debt instrument maturity date					Mar. 27, 2018
Interest expense related to aggregate amount of outstanding indebtedness			$ 156,183	$ 141,555
Paid in kind interest			65,061	$ 220,729	$ 259,087	$ 442,211
Great Hill Equity Partners, V, L.P.
Debt Instrument [Line Items]
Subordinated convertible promissory note principal amount							$ 3,189,350
Great Hill Investors, LLC
Debt Instrument [Line Items]
Subordinated convertible promissory note principal amount							10,650
Term loan matures on July 26, 2020
Debt Instrument [Line Items]
Debt instrument maturity date					Jul. 26, 2020
Term loan matures on July 26, 2020 | Deerpath Facility
Debt Instrument [Line Items]
Debt instrument, term		5 years
Term loans facility		$ 20,000,000	$ 13,100,000		$ 13,100,000
Amount borrowed	$ 2,000,000	5,000,000
Additional borrowing facility		$ 15,000,000
New Convertible Notes | Great Hill Partners
Debt Instrument [Line Items]
Convertible promissory note principal amount							$ 3,200,000
Convertible promissory notes conversion price per share							$ 8.40
LIBOR | Term loan matures on July 26, 2020
Debt Instrument [Line Items]
Debt instrument LIBOR plus rate					8.00%
LIBOR | Term loan matures on July 26, 2020 | Deerpath Facility
Debt Instrument [Line Items]
Debt instrument LIBOR plus rate		7.00%

Common Stock - Additional Infor

Common Stock - Additional Information (Details)	Jul. 14, 2017	Mar. 24, 2017$ / sharesshares	Jun. 30, 2017shares	Jun. 30, 2017shares	Dec. 31, 2016shares
Common Stock [Line Items]
Common stock, shares authorized			14,131,017	14,131,017	100,000
Amended 2014 Stock Option and Grant Plan | Employee Stock Option
Common Stock [Line Items]
Common stock shares reserved for issuance		1,695,484
Options granted to purchase common stock			18,747
Amended 2014 Stock Option and Grant Plan | Employees and Consultants
Common Stock [Line Items]
Options granted to purchase common stock		1,425,641
Common Stock
Common Stock [Line Items]
Conversion of common stock		1,407,632
Convertible promissory notes conversion price per share | $ / shares		$ 8.40
Common stock, shares issued and sold		7,426,169		1,499
Description of reverse stock split				1-for-10
Stock split, conversion ratio		0.1
Common stock, shares authorized		14,131,017
Common Stock | Subsequent Event
Common Stock [Line Items]
Description of reverse stock split	1-for-1.333520
Stock split, conversion ratio	0.749895

Loss per Share Attributable t36

Loss per Share Attributable to Common Stockholders - Components of Basic and Diluted Loss Per Share Attributable to Common Stockholders (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Numerator for basic and diluted loss per share attributable to common stockholders:
Net loss	$ (4,447,705)	$ (2,832,462)	$ (7,064,503)	$ (4,378,255)
Dividend attributable to participating securities		(1,153,557)	(995,743)	(2,284,556)
Net loss attributable to common stockholders	$ (4,447,705)	$ (3,986,019)	$ (8,060,246)	$ (6,662,811)
Denominator:
Weighted-average outstanding shares of common stock	8,908,188	73,570	4,857,160	73,155
Dilutive effect of:
Common stock and common stock equivalents	8,908,188	73,570	4,857,160	73,155
Net loss per share attributable to common stockholders:
Basic and Diluted	$ (0.50)	$ (54.18)	$ (1.66)	$ (91.08)

Loss per Share Attributable t37

Loss per Share Attributable to Common Stockholders - Additional Information (Details) - shares	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share	1,289,007	673

Accounting for Stock-Based Co38

Accounting for Stock-Based Compensation - Additional Information (Details) - USD ($)	Aug. 09, 2017	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Mar. 24, 2017
Amended 2014 Stock Option and Grant Plan | Employee Stock Option
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares of common stock, options awarded		18,747
Shares of common stock options awarded, vesting period		4 years
Shares of common stock options awarded, remaining vesting period		36 months
Unamortized stock compensation expense		$ 1,473,449
Common stock reserved for issuance					1,695,484
Amended 2014 Stock Option and Grant Plan | Employee Stock Option | General and Administrative Expense
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock compensation expense		$ 286,273	$ 11,854
Amended 2014 Stock Option and Grant Plan | Employee Stock Option | First Anniversary of Grant Date
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of awards vested		25.00%
2017 Incentive Award Plan | IPO
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock reserved for issuance description				In connection with our IPO, we adopted the 2017 Incentive Award Plan (the “2017 Plan”), effective as of August 9, 2017. The aggregate number of shares of Common Stock reserved for issuance pursuant to awards granted under the 2017 Plan equals the sum of (i) 2,263,213, plus (ii) any shares which, as of the effective date of the 2017 Plan, are subject to awards under the 2014 Plan which are forfeited or lapse unexercised following the effective date of the 2017 Plan, plus (iii) an annual increase on the first day of each calendar year beginning on January 1, 2018 and ending on and including January 1, 2027 equal to the lesser of (a) 5% of the shares outstanding (on an as-converted basis) on the final day of the immediately preceding calendar year, and (b) such smaller number of shares as determined by our Board of Directors.
2017 Incentive Award Plan | IPO | Subsequent Event
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock reserved for issuance	2,263,213
Annual increase in shares on first day of each calendar year, start date	Jan. 1, 2018
Annual increase in shares on first day of each calendar year, end date	Jan. 1, 2027
Proportion of shares outstanding	5.00%

Accounting for Stock-Based Co39

Accounting for Stock-Based Compensation - Non Vested Stock Option Activity (Details) - Employee Stock Option - Amended 2014 Stock Option and Grant Plan	3 Months Ended
	Jun. 30, 2017$ / sharesshares
Shares
Shares, Nonvested beginning balance | shares	990,079
Shares, Granted | shares	18,747
Shares, Vested/Released | shares	(94,647)
Shares, Cancelled | shares	(18,747)
Shares, Nonvested ending balance | shares	895,432
Weighted-Average Exercise Price
Weighted average exercise price, Nonvested beginning balance | $ / shares	$ 8.40
Weighted average exercise price, Granted | $ / shares	8.40
Weighted average exercise price, Vested/Released | $ / shares	8.40
Weighted average exercise price, Cancelled | $ / shares	8.40
Weighted average exercise price, Nonvested ending balance | $ / shares	$ 8.40

Accounting for Stock-Based Co40

Accounting for Stock-Based Compensation - Schedule of Estimated Fair Values of Stock Options Granted (Details) - Employee Stock Option - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Fair value of common stock	$ 5.88	$ 9.20	$ 5.88	$ 9.20
Exercise Price of common stock option	$ 8.40	$ 9.20	$ 8.40	$ 9.20
Risk-free interest rate	2.10%	2.50%	2.10%	2.50%
Expected term (in years)	5 years 11 months 12 days	6 years 2 months 30 days	5 years 11 months 12 days	6 years 2 months 30 days
Dividend yield	0.00%	0.00%	0.00%	0.00%
Expected volatility	40.00%	44.00%	40.00%	44.00%

Accounting for Stock-Based Co41

Accounting for Stock-Based Compensation - Summary of Stock Options Activity (Details) - Employee Stock Option	6 Months Ended
	Jun. 30, 2017$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Range of exercise prices, minimum	$ 8.40
Range of exercise prices, maximum	$ 9.20
Options Outstanding | shares	1,289,017
Weighted- Average Remaining Contractual Life (in Years)	9 years 8 months 23 days
Weighted- Average Exercise Price of Outstanding Options	$ 8.40
Options Exercisable | shares	393,583
Weighted- Average Exercise Price of Exercisable Options	$ 8.40

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Effective income tax rate	(0.93%)	(0.52%)
Unrecognized tax benefits	$ 0		$ 0
Uncertain tax positions	$ 0	$ 0	0	$ 0
Interest or penalties on taxes			$ 0	$ 0
Net operating loss carryforwards, limitation			Pursuant to Internal Revenue Code, or IRC, Sections 382 and 383, annual use of our net operating loss carryforwards may be limited in the event a cumulative change in ownership of more than 50% occurred within a three-year period.

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details)	Aug. 07, 2017USD ($)	Jun. 30, 2017Claim
Loss Contingencies [Line Items]
Number of pending lawsuits or claims | Claim		0
Wage Statement Claim
Loss Contingencies [Line Items]
Maximum litigation settlement amount	$ 865,000
Judicial Ruling
Loss Contingencies [Line Items]
Maximum litigation settlement amount	$ 865,000

Subsequent Events - Additional

Subsequent Events - Additional Information (Details)	Aug. 29, 2017Studio	Aug. 16, 2017USD ($)$ / sharesshares	Jul. 14, 2017	Mar. 24, 2017shares	Jun. 30, 2017USD ($)YogaStudioshares	Aug. 17, 2017shares	Jun. 30, 2016YogaStudio
Subsequent Event [Line Items]
Proceeds from issuance of common stock | $					$ 13,800
Number of studios owned and operated | YogaStudio					50		50
Subsequent Event
Subsequent Event [Line Items]
Number of studios acquired | Studio	2
Number of studios owned and operated | Studio	52
Subsequent Event | Arlington, Virginia
Subsequent Event [Line Items]
Number of studios acquired | Studio	1
Subsequent Event | Dupont Circle Neighborhood of Washington, D.C.
Subsequent Event [Line Items]
Number of studios acquired | Studio	1
Subsequent Event | 2017 Plan | Restricted Stock Units | Officers
Subsequent Event [Line Items]
Number of share authorized for issuance | shares						517,357
Subsequent Event | 2017 Plan | Employee Stock Options
Subsequent Event [Line Items]
Number of share authorized for issuance | shares						254,016
Subsequent Event | IPO
Subsequent Event [Line Items]
Common stock, shares issued and sold | shares		7,300,000
Common stock, issued per share | $ / shares		$ 5.50
Proceeds from issuance of common stock | $		$ 37,600,000
Underwriting discounts and commissions | $		2,500,000
Offering costs | $		$ 2,100,000
Common Stock
Subsequent Event [Line Items]
Description of reverse stock split					1-for-10
Reverse stock split ratio				0.1
Common stock, shares issued and sold | shares				7,426,169	1,499
Common Stock | Subsequent Event
Subsequent Event [Line Items]
Description of reverse stock split			1-for-1.333520
Reverse stock split ratio			0.749895