Annual report pursuant to Section 13 and 15(d)

Equity (Tables)

v2.4.0.8
Equity (Tables)
12 Months Ended
Dec. 31, 2013
Stock Options [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of option activities
         
Weighted
     
         
Average
     
     
Weighted
 
Remaining
 
Aggregate
 
 
Number of
 
Average
 
Contractual
 
Intrinsic
 
 
Units
 
Exercise Price
 
Term (in years)
 
Value
 
                 
Outstanding, December 31, 2011
   
273,859
     
1.29
     
5.51
     
-
 
Granted
   
2,056,275
     
0.96
     
8.89
         
Outstanding, December 31, 2012
   
2,330,134
   
$
0.96
     
8.91
   
$
685,800
 
Granted
   
787,450
     
6.62
     
10.00
         
Cancellation
   
(1,115,550)
                         
Exercised
   
(16,650)
     
0.78
                 
Outstanding, December 31, 2013
   
1,985,384
   
$
3.23
     
8.34
   
$
5,908,696
Warrants [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of option activities
               
Weighted
       
               
Average
       
         
Weighted
   
Remaining
   
Aggregate
 
   
Number of
   
Average
   
Contractual
   
Intrinsic
 
   
Units
   
Exercise Price
   
Term (in years)
   
Value
 
                         
Outstanding, December 31, 2011
   
5,364,557
   
$
0.51
     
6.76
   
$
3,261,367
 
  Granted
   
7,406,079
     
1.32
     
3.76
         
Outstanding, December 31, 2012
   
12,770,636
     
0.97
     
4.48
     
  6,114,768
 
  Granted
   
329,866
     
7.47
        6.40          
  Exercised
   
(2,403,429
)
   
1.58
                 
  Forfeited
   
(1,023,784
)
                       
Outstanding, December 31, 2013
   
9,673,290
   
$
1.06
     
4.89
   
$
47,396,307
 
 
Summary of warrants issued
 
Warrants issued to investors with Stock Offering
   
242,189
 
Warrants issued to investors with 2012 Common Stock Offering
   
4,678,491
 
Placement agent warrants related to issuance of:
       
    Stock Offering
   
121,094
 
    2012 Common Stock Offering
   
467,845
 
Warrants issued to investors with stock – accrued dividend
   
180,120
 
Total
   
5,689,739