Resonant Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

WARRANT LIABILITIES (Details)

WARRANT LIABILITIES (Details) (USD $)	6 Months Ended	12 Months Ended	0 Months Ended	1 Months Ended	6 Months Ended	1 Months Ended	3 Months Ended	1 Months Ended	0 Months Ended	12 Months Ended	1 Months Ended
WARRANT LIABILITIES (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2014	Jun. 17, 2013	Oct. 31, 2014	Jun. 16, 2013	Jan. 31, 2013 item	Mar. 31, 2013	Mar. 31, 2013	Jun. 03, 2014	Dec. 31, 2013	Aug. 31, 2014	Jul. 31, 2012 item
Warrant liabilities
Cash paid for warrants	$ 1,000us-gaap_ProceedsFromIssuanceOfWarrants	$ 1,000us-gaap_ProceedsFromIssuanceOfWarrants
Assumptions used in estimating fair value of warrants
Implied unit price/stock price (in dollars per unit/share)	$ 5.54us-gaap_SharePrice								$ 6.00us-gaap_SharePrice	$ 5.54us-gaap_SharePrice
Expected dividend rate (as a percent)		0.00%
Allocated Share-based Compensation Expense		1,029,774
Fair value of the warrant liabilities	3,276,084us-gaap_WarrantsAndRightsOutstanding									3,276,084us-gaap_WarrantsAndRightsOutstanding
Bridge warrants
Assumptions used in estimating fair value of warrants
Equity value			400,000
Exercise price (in dollars per unit/share)			$ 0.20
Implied unit price/stock price (in dollars per unit/share)			$ 3.23
Expected volatility (as a percent)			60.00%
Expected dividend rate (as a percent)			0.00%
Risk free interest rate (as a percent)			1.06%
Expected Life			5 years
Bridge warrants \| Founders
Warrant liabilities
Exercise price (in dollars per unit/share)			$ 0.20
Warrants to purchase shares of common stock or units (in units/shares)			249,999
Consulting warrants issued in October 2014 \| IR Consultant
Warrant liabilities
Warrant term				4 years
Exercise price (in dollars per unit/share)				$ 6.50
Warrants to purchase shares of common stock or units (in units/shares)				6,000
Assumptions used in estimating fair value of warrants
Equity value				7,821
Expected dividend rate (as a percent)				0.00%
Expected Life				4 years
Vesting period				12 months
Monthly cash compensation				5,000
Consulting warrants issued in October 2014 \| IR Consultant \| Minimum
Assumptions used in estimating fair value of warrants
Implied unit price/stock price (in dollars per unit/share)				$ 6.00
Expected volatility (as a percent)				64.78%
Risk free interest rate (as a percent)				0.95%
Consulting warrants issued in October 2014 \| IR Consultant \| Maximum
Assumptions used in estimating fair value of warrants
Implied unit price/stock price (in dollars per unit/share)				$ 11.62
Expected volatility (as a percent)				81.80%
Risk free interest rate (as a percent)				1.10%
Financing Warrant
Warrant liabilities
Exercise price (in dollars per unit/share)		$ 3.35
Resonant LLC
Warrant liabilities
Cash paid for warrants					1,000
Resonant LLC \| Founders
Warrant liabilities
Number of founders												3
Resonant LLC \| Founders \| Class B units
Warrant liabilities
Warrants to purchase shares of common stock or units (in units/shares)			124,998
Resonant LLC \| Bridge warrants
Warrant liabilities
Number of tranches in which warrants were issued						2
Cash paid for warrants							1,000
Resonant LLC \| Bridge warrants \| Founders
Warrant liabilities
Number of founders						3
Warrant term						5 years		5 years
Exercise price (in dollars per unit/share)						0.40	$ 0.40	$ 0.40
Resonant LLC \| Bridge warrants issued in January 2013
Warrant liabilities
Warrants to purchase shares of common stock or units (in units/shares)						20,833	20,833	20,833
Assumptions used in estimating fair value of warrants
Equity value						200,000
Exercise price (in dollars per unit/share)						0.40
Implied unit price/stock price (in dollars per unit/share)						3.75
Expected volatility (as a percent)						60.00%
Expected dividend rate (as a percent)						0.00%
Risk free interest rate (as a percent)						0.88%
Expected Life						5 years
Resonant LLC \| Bridge warrants issued in January 2013 \| Class B units
Warrant liabilities
Warrants to purchase shares of common stock or units (in units/shares)						62,499
Resonant LLC \| Bridge warrants issued in March 2013
Assumptions used in estimating fair value of warrants
Equity value								200,000
Exercise price (in dollars per unit/share)							$ 0.40	$ 0.40
Implied unit price/stock price (in dollars per unit/share)							$ 3.60	$ 3.60
Expected volatility (as a percent)								60.00%
Expected dividend rate (as a percent)								0.00%
Risk free interest rate (as a percent)								0.80%
Expected Life								5 years
Resonant LLC \| Bridge warrants issued in March 2013 \| Class B units
Warrant liabilities
Warrants to purchase shares of common stock or units (in units/shares)							62,499	62,499
MDB \| Consulting warrant
Warrant liabilities
Warrant term			7 years						5 years
Exercise price (in dollars per unit/share)			$ 0.01						$ 7.50
Warrants to purchase shares of common stock or units (in units/shares)			222,222						310,500
Assumptions used in estimating fair value of warrants
Equity value			700,000
Exercise price (in dollars per unit/share)			$ 0.01
Implied unit price/stock price (in dollars per unit/share)			$ 3.23
Expected volatility (as a percent)			68.80%
Expected dividend rate (as a percent)			0.00%
Risk free interest rate (as a percent)			1.57%
Expected Life			7 years
MDB \| Financing Warrant
Warrant liabilities
Warrant term			7 years
Fair value	700,000									700,000
Assumptions used in estimating fair value of warrants
Equity value										20,000,000
Expected volatility (as a percent)										65.30%
Risk free interest rate (as a percent)										2.28%
Expected Life										6 years 6 months
Exercisable period after the completion of our initial public offering			6 months
Value of shares of common stock divided by exercise price of warrant's to determine exercisable warrants			700,000
Amount considered for dividing the fully diluted shares prior to consummation of qualified IPO			6,000,000
MDB \| Underwriting Warrant
Warrant liabilities
Warrant term									5 years
Exercise price (in dollars per unit/share)									$ 7.50
Warrants to purchase shares of common stock or units (in units/shares)									310,500
Warrants exercisable period from underwriting agreement									180 days
Fair value									901,185
Assumptions used in estimating fair value of warrants
Implied unit price/stock price (in dollars per unit/share)									$ 6.00
Expected volatility (as a percent)									63.10%
Expected dividend rate (as a percent)									0.00%
Risk free interest rate (as a percent)									1.50%
Expected Life									5 years
IR Firm \| Consulting warrant \| IR Consultant
Assumptions used in estimating fair value of warrants
Allocated Share-based Compensation Expense		57,502
IR Firm \| Consulting warrants issued in August 2014
Warrant liabilities
Warrant term											3 years
Warrants to purchase shares of common stock or units (in units/shares)											42,000
Assumptions used in estimating fair value of warrants
Equity value											119,238
Exercise price (in dollars per unit/share)											$ 8.31
Implied unit price/stock price (in dollars per unit/share)											$ 6.91
Expected volatility (as a percent)											69.70%
Expected dividend rate (as a percent)											0.00%
Risk free interest rate (as a percent)											0.88%
Expected Life											3 years
Monthly cash compensation											$ 8,500