Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

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Stockholders' Equity (Tables)
 3 Months Ended
Jun. 30, 2015
Stockholders' Equity Note [Abstract]  
Black-Scholes option pricing model weighted average assumptions

The fair values of the Company’s options were estimated at the dates of grant using a Black-Scholes option pricing model with the following weighted average assumptions:

 

   

For the Three Months Ended June 30,

    
    2015    
Expected term (years)     6.25    
Risk-free interest rate     1.29%    
Volatility     47%    
Dividend yield     0%    
             
Summary of the option activity

The following is a summary of the option activity:

  

      Options     Weighted
Average
Exercise Price 		 
                     
Outstanding – April 1, 2015       —     $ —  
Exercisable –April 1, 2015       —     $ —  
Granted       160,000     $ 1.50  
Exercised       —     $ —  
Forfeited/Cancelled       —     $ —  
Outstanding – June 30, 2015       160,000     $ 1.50  
Exercisable – June 30, 2015       —     $ —