Quarterly report pursuant to Section 13 or 15(d)

Stockholders Equity (Deficit) (Tables)

Stockholders Equity (Deficit) (Tables)

9 Months Ended

Sep. 30, 2015

Schedule of the allocation of stock-based compensation

The stock-based compensation expense recorded was allocated as follows:

	Period from		Three Months		Nine Months
	Inception June 20, 2014		Ended		Ended
	to September 30, 2014		September 30, 2015		September 30, 2015
Operations and development costs		—	$	38,337	$	70,468
Business development and management costs		—		54,767		104,237
Total		—	$	93,104	$	174,705

Schedule of assumptions used in the black-scholes option-pricing model

The following assumptions were used in the Black-Scholes-Merton pricing model to estimate the fair value of the warrants.

	Expected stock volatility	80%
	Risk free interest rate	1.57% - 1.64%
	Expected years until exercise	5.0
	Dividend yield	0.00%

The following assumptions were used in the Black-Scholes-Merton option pricing model to estimate the fair value of the awards granted during the nine-month period ended September 30, 2015.

	Expected stock volatility	80%
	Risk free interest rate	1.32% - 1.75%
	Expected years until exercise	3.5
	Dividend yield	0.00%

Schedule of stock option activity

The following table summarizes the stock option activity for the nine months ended September 30, 2015.


					Weighted Average
					Exercise price		Weighted-Average
		Number of Shares			Per share		Remaining Term
Outstanding as of December 31, 2014		—			—		—
	Granted		680,235		$	3.77		4.6 years
	Forfeited		(25,455	)	$	3.56		—
Outstanding as of September 30, 2015			654,780		$	3.78		4.6 years
Vested and exercisable as of September 30, 2015			—			—		—