Quarterly report pursuant to Section 13 or 15(d)

Stockholder's Equity (Tables)

Stockholder's Equity (Tables)

6 Months Ended

Jun. 30, 2015

Schedule of the allocation of stock-based compensation

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

	Period from
	Inception (June		Three Months		Six Months
	20, 2014) to June		Ended June 30,		Ended June 30
		30, 2014		2015		2015
Operations and development costs		—	$	32,131.	$	32,131.
Business development and management costs		—		49,470		49,470
Total		—	$	81,601	$	81,601

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

The following assumptions were used in the Black-Scholes option-pricing model to estimate the fair value of the awards granted during the six month period ended June 30, 2015:

	Six Months Ended
	June 30, 2015
Expected stock volatility		80.0	%
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 six months ended June 30, 2015.


	Weighted-Average					Weighted-Average
	Number of Shares			Exercise Price Per Share		Remaining
Term
Outstanding as of December 31, 2014		—			—		—
Granted		700,908		$	3.58		4.7 years
Exercised		—			—		—
Forfeited		(90,909	)	$	3.56		—
Outstanding as of June 30, 2015		609,999		$	3.59		4.7 years
Vested and exercisable as of June 30, 2015		—			—		—