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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 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  
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 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 %