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CONDENSED STATEMENTS OF CASH FLOWS (USD $)
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3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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| Cash flows from operating activities: | ||
| Net loss | $ (6,925,279)us-gaap_NetIncomeLoss | $ (31,009,723)us-gaap_NetIncomeLoss |
| Adjustments to reconcile net loss to Net cash used in operating activities: | ||
| Depreciation and amortization | 191,219us-gaap_DepreciationDepletionAndAmortization | 24,213us-gaap_DepreciationDepletionAndAmortization |
| Stock based compensation | 1,679,221us-gaap_ShareBasedCompensation | 492,123us-gaap_ShareBasedCompensation |
| Amortization of debt discount | 0us-gaap_AmortizationOfDebtDiscountPremium | 920,739us-gaap_AmortizationOfDebtDiscountPremium |
| Change in fair market value of derivative liabilities | 0us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1 | 27,991,000us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1 |
| Amortization of prepaid rent from stock issuance to landlord | 20,196watt_AmortizationOfPrepaidRentFromStockIssuanceToLandlord | |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | (265,767)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | (192,582)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
| Accounts payable | 91,359us-gaap_IncreaseDecreaseInAccountsPayable | 391,262us-gaap_IncreaseDecreaseInAccountsPayable |
| Accrued expenses | 124,983us-gaap_IncreaseDecreaseInAccruedLiabilities | 135,864us-gaap_IncreaseDecreaseInAccruedLiabilities |
| Deferred revenue | 300,000us-gaap_IncreaseDecreaseInDeferredRevenue | 0us-gaap_IncreaseDecreaseInDeferredRevenue |
| Net cash used in operating activities | (4,784,068)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | (1,247,104)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (209,828)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (27,739)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Net cash used in investing activities | (209,828)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (27,739)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| Cash flows from financing activities: | ||
| Payment of deferred offering cost | 0watt_PaymentOfDeferredOfferingCosts | (248,658)watt_PaymentOfDeferredOfferingCosts |
| Deposit to purchase common stock | 0us-gaap_ProceedsFromIssuanceOfCommonStock | 300,000us-gaap_ProceedsFromIssuanceOfCommonStock |
| Net cash provided by financing activities | 0us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 51,342us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
| Net decrease in cash and cash equivalents | (4,993,896)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (1,223,501)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents - beginning | 31,494,592us-gaap_CashAndCashEquivalentsAtCarryingValue | 1,953,780us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents - ending | 26,500,696us-gaap_CashAndCashEquivalentsAtCarryingValue | 730,279us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Supplemental disclosure of non-cash financing activities: | ||
| Common stock issued for services | 147,900us-gaap_StockIssuedDuringPeriodValueIssuedForServices | 0us-gaap_StockIssuedDuringPeriodValueIssuedForServices |
| Common stock issued for RSUs | $ 1us-gaap_StockIssued1 | $ 0us-gaap_StockIssued1 |
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- Details
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- Definition
Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of gain (loss) from the increase (decrease) in fair value of derivative and nonderivative instruments designated as fair value hedging instruments recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period, excluding the portion taken into income, in the liability reflecting revenue yet to be earned for which cash or other forms of consideration was received or recorded as a receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The fair value of stock issued in noncash financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value of stock issued in lieu of cash for services contributed to the entity. Value of the stock issued includes, but is not limited to, services contributed by vendors and founders. No definition available.
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- Definition
The expense charged against earnings for the periodic recognition of the prepaid rent from stock issuance to landlord. These expenses are paid in one accounting period, but are deducted from earnings over time through amortization. No definition available.
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- Definition
The cash outflow for incremental costs directly attributable to a proposed or actual offering of securities which are deferred at the end of the reporting period. No definition available.
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