Convertible Preferred Stock (Tables)

12 Months Ended

Dec. 31, 2014

Convertible preferred stock as of December 31, 2013 consisted of the following:


	Shares
Series	Authorized		Outstanding		Carrying Value		Liquidation Value
A		79,708		16,930	$	267,000	$	290,000
B		145,221		16,065		826,143		853,143
C		850,899		829,209		14,139,373		14,200,373
D		965,672		877,880		18,459,000		20,024,985
E		857,323		835,547		26,423,000		26,499,984
F		1,463,859		1,441,053		50,443,000		50,541,097
G		2,055,272		1,138,989		24,644,515		24,811,238

Total		6,417,954		5,155,673	$	135,202,031	$	137,220,820

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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