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STOCK-BASED COMPENSATION (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2015
Dec. 31, 2014
STOCK BASED COMPENSATION    
Summary of stock option activity

 

 

 
  Shares   Weighted-
average
exercise price
per share
  Weighted-
average
remaining
contractual
term
(years)
  Aggregate
Intrinsic
Value
 

Outstanding at December 31, 2014

    281,029   $ 0.69              

Granted

    1,197,452     10.47              

Exercised

    (121,729 )   3.89              

Cancelled

    (506 )   2.06              

Outstanding at September 30, 2015

    1,356,246   $ 9.04     9.2   $ 17,722  

Exercisable at September 30, 2015

    208,438   $ 2.65     7.9   $ 4,056  

Vested and expected to vest at September 30, 2015

    1,341,543   $ 9.13     9.2   $ 18,595  

 

 

 
  Number
of Options
  Weighted-
Average
Exercise
Price
  Weighted-
Average
Remaining
Contractual
Term
(in years)
  Aggregate
Intrinsic
Value
 

Outstanding at December 31, 2012

    323,488   $ 1.73     6.94   $ 8  

Granted

    146,730     0.48              

Exercised

    (1,077 )   0.62              

Cancelled

    (9,559 )   2.76              

Modification

    (229,791 )   1.17              

Outstanding at December 31, 2013

    229,791     1.17     7.02     117  

Granted

    89,641     0.28              

Exercised

    (32,390 )   2.21            

Cancelled

    (6,013 )   4.42              

Outstanding at December 31, 2014

    281,029   $ 0.69     7.49   $ 1,505  

Vested and expected to vest at December 31, 2014

    247,139   $ 0.83     4.31   $ 1,293  

Exercisable at December 31, 2014

    121,304   $ 1.38     4.31   $ 570  
Schedule of additional information about stock option activity  

 

 

 
  As of
December 31,
 
 
  2013   2014  

Weighted-average grant date fair value per share of employee option grants

  $ 0.28   $ 0.76  
Summary of restricted stock awards

 

 

 
  Shares   Weighted average
purchase price
per share
 

Unvested at December 31, 2014

    15,387   $ 0.69  

Granted

    194,694     5.73  

Vested

    (128,955 )   5.13  

Unvested at September 30, 2015(1)

    81,126   $ 5.73  

(1)
Excludes 72,463 shares of unvested restricted stock remaining from the early exercise of stock options as of September 30, 2015.

 

 

 
  Number of
Shares
  Weighted-Average
Grant Date
Fair Value
 

Unvested at December 31, 2012

    203,342   $ 0.62  

Vesting of restricted stock

    (89,308 )   0.55  

Performance Adjustment

    (58,736 )   0.62  

Unvested at December 31, 2013

    55,298     0.69  

Grant of restricted stock

    10,869     1.24  

Vesting of restricted stock

    (50,780 )   0.62  

Unvested at December 31, 2014

    15,387   $ 0.69  
Schedule of stock-based compensation for all stock options and restricted stock awards  

 

 

 
  Years Ended December 31,  
 
  2013   2014  

Research and development

  $ 24   $ 12  

General and administrative

    38     10  

Total stock-based compensation expense

  $ 62   $ 22  
Schedule of weighted-average assumptions used in Black-Scholes option-pricing model

 

 

 
  Nine months
ended
September 30,
 
 
  2014   2015  

Risk-free interest rate

    1.8 %   1.7 %

Dividend yield

         

Volatility

    77 %   77 %

Expected term (years)

    6.25     6.21  

 

 

 
  Years Ended December 31,  
 
  2013   2014  

Risk-free interest rate

  1.09% – 1.22%     1.80 %

Expected volatility

  87.8%     77.1 %

Expected term (in years)

  6.25     6.25  

Expected dividend yield

  0.0%     0.0 %