|
Subsequent Events
|
3 Months Ended |
|---|---|
|
Mar. 31, 2014
|
|
| Subsequent Events [Abstract] | |
| Subsequent events |
Note 8 – Subsequent Events
In April 2014, the Company granted certain employees 50,000 shares of restricted common stock and options to purchase 600,000 shares of the Company’s common stock with exercise prices ranging from $11.76 to $11.95 and a term of 10 years. These options and restricted stock vest over a 4-year period. Effective May 12, 2014, the Company entered into a sublease agreement for office space located at 379 Thornall Street, Edison, NJ. This agreement terminates on September 30, 2016. The Company issued a security deposit of approximately $35,000 to the existing tenant.
On April 28, 2014, the Company issued 500 shares of its common stock and received net proceeds of $6,000.
|