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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule assumptions used in the Black-Scholes option-pricing method
  Three months ended June 30,   Six months ended June 30,
  2015   2014   2015   2014
Expected dividend yield 0.00%   0.00%   0.00%   0.00%
Expected stock-price volatility 65.06% - 67.08%   55.32% - 62.09%   51.45% - 67.08%   55.32% - 62.09%
Risk-free interest rate 1.79% - 2.07%   1.54% - 2.67%   0.77% - 2.07%   1.49% - 3.04%
Term of options 10   10   10   10
Stock price $5.86   $1.17   $5.86   $1.17
Schedule the prices received from sales to third parties
Year   Share Class   Price per Share
2005   Common Stock (a)   $1.79
2006   Series A-2 Preferred Stock (a)(b)   $0.40
2008 - 2009   Series A-3 Preferred Stock (b)   $0.62
2010 - 2013   Series B Preferred Stock (b)   $1.19
2014   Series C Preferred Stock (b)   $1.30
2015   Common Stock   $5.00

 

(a) After giving effect to the Company’s conversion from a LLC to a corporation.
(b) Shares of preferred stock were converted into an aggregate of 3,322,650 shares of the Company’s common stock effective June 29, 2015, after giving effect to the 1-for-7.15 reverse stock of shares of the Company’s common stock effective June 17, 2015.
Schedule inputs were applied in the Black-Scholes calculations of the OPM

 
Valuation Date
    November 7, 2013   July 31, 2012   December 31, 2010
Volatility   58.00%   61.00%   61.00%
Risk-free interest rate   0.55%   0.57%   2.01%
Maturity (years)   3   4   5

 

Schedule regarding the Company's stock option grants to the Company's employees and non-employees
    Number of Common   Exercise Price   Estimated Fair Value    
    Shares Underlying   per Common   per Share of   Intrinsic Value
Grant Date   Options Granted   Share   Common Stock   Option
2005   58,321   $0.07   $1.79   $1.72
2009   60,559   $0.72 - $0.79   $4.43   $3.71 - $3.64
2011   33,846   $1.00   $1.00   $0.00
2012   60,019   $1.14   $1.14   $0.00
2013   100,000   $1.14 - $1.30   $1.14   $0.00
2014   1,626,740   $5.86- $13.23   $5.86   $0.00

 

Schedule represents a summary of the options granted to employees and non-employees
    Options     Weighted Average
Exercise Price
 
Outstanding at December 31, 2014     1,788,717     $ 7.059  
Granted     103,025       5.863  
Exercised/ Expired/ Forfeited     (918 )     (1.158 )
Outstanding at June 30, 2015     1,890,824     $ 7.062  
Exercisable at June 30, 2015     298,437     $ 4.563  
Expected to be vested     1,592,387     $ 4.563