Energous Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation (Tables)

Stock Based Compensation (Tables)

9 Months Ended

Sep. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The Company estimated the fair value of stock options awarded during the nine months ended September 30, 2014 using the Black-Scholes option pricing model. The fair values of stock options granted were estimated using the following assumptions:

	Option Grants Awarded During the Nine Months Ended September 30, 2014
Stock Price		$2.49 to $6.00
Dividend Yield		0%
Expected Volatility		60%
Risk-free interest rate		1.30% to 2.03%
Expected Life		3.75 to 6.25 years

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following is a summary of the Company’s stock option activity during the nine months ended September 30, 2014:

	Number of Options		Weighted Average Exercise Price		Weighted Average Grant Date Fair Value		Weighted Average Remaining Life In Years		Intrinsic Value
Outstanding, January 1, 2014		275,689	$	1.68	$	-		-	$	-
Granted		1,542,477		4.63		2.60		-		-
Exercised		-		-		-		-		-
Forfeited		(166,981)		2.52		1.44		-		-
Outstanding September 30, 2014		1,651,185	$	4.35	$	2.45		9.4	$	11,538,844

Exercisable, January 1, 2014		17,231	$	1.68	$	-		-	$	-
Vested		340,580		4.88		-		-		-
Exercised		-		-		-		-		-
Forfeited		-		-		-		-		-
Exercisable, September 30, 2014		357,811	$	4.73	$	2.62		9.4	$	2,365,792

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

The following table presents information related to stock options outstanding and exercisable at September 30, 2014:

Options Outstanding				Options Exercisable
Exercise Price		Outstanding Number of Options		Weighted Average Remaining Life In Years		Exercisable Number of Options
$	1.68		275,689		9.2		68,922
	2.49		370,864		9.3		14,411
	3.63		51,958		9.4		38,969
	4.99		99,214		9.5		14,260
	6.00		853,460		9.5		221,249
			1,651,185		9.4		357,811

Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]

A summary of the activity related to RSUs for the nine months ended September 30, 2014 is presented below:

	Total	Weighted Average Grant Date Fair Value		Total Grant Date Fair Value
Nonvested at January 1, 2014	-	$	-	$	-
RSU Granted	484,194		12.40		6,002,925
RSUs vested	(4,509)		11.52		(51,948)
RSUs forfeited	(17,625)		13.23		(233,178)
Nonvested at September 30, 2014	462,060	$	12.37		5,717,799

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]

The following tables summarize total stock based compensation costs recognized for the three and nine months ended September 30, 2014 and 2013.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
Stock options	$	325,634	$	-	$	1,070,939	$	-
RSUs		381,856		-		389,482		-
IR warrant		39,410		-		198,983		-
Total	$	746,900	$	-	$	1,659,404	$	-

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]

The total amount of stock-based compensation was reflected within the condensed statements of operations as:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
Research and development	$	329,138	$	-	$	568,390	$	-
General and administrative		165,228		-		657,738		-
Marketing		252,534		-		433,276		-
Total	$	746,900	$	-	$	1,659,404	$	-

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References + Details