Income Taxes (Tables)
12 Months Ended
Dec. 31, 2014
Income Tax Disclosure [Abstract]  
Schedule of Components of income tax provision (benefit)

  December 31, 
  2014  2013 
Current      
Federal $-  $- 
State  843   - 
   843   - 
Deferred        
Federal  (1,744,445)  (491,900)
State  (314,699)  (71,500)
   (2,059,144)  (563,400)
Change in valuation allowance  2,059,144   563,400 
Total income tax provision $843  $- 

 

Schedule of the effective income tax rate and the statutory federal income tax rate

  December 31, 
  2014  2013 
U.S. federal statutory rate  34.00%  (34.00)%
State income tax rate, net of federal benefit  2.93   (4.95)
Inducement expenses  (10.63)  - 
Other permanent differences  2.79   2.47 
Less: valuation allowance  (29.10)  36.48 
Provision for income taxes  (.01)%  -%
 
Schedule of deferred tax assets

  December 31, 
  2014  2013 
Deferred tax assets:      
Net operating loss carryforward $2,487,784  $639,100 
Tax credits  75,337   - 
Accruals and reserves  23,023   - 
Restricted stock  114,712   - 
Derivative liability  -   10,421 
Total deferred tax assets before valuation allowance: $2,700,856  $649,521 
Valuation allowance  (2,698,243)  (639,100)
Deferred tax assets, net of valuation allowance  2,613   10,421 
         
Deferred tax liabilities:        
Fixed assets $(2,613) $- 
Convertible debt  -   (10,421)
Total deferred tax liabilities  (2,613)  (10,421)
         
Net deferred tax asset (liability) $-  $-