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Stock Options (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Stock Options Activity

 

 

2016

 

2015

 

 

 

Options

 

Weighted

Average

Exercise

Price

 

Options

 

Weighted

Average

Exercise

Price

 

Outstanding, beginning of year

     

 

3,858,000

 

 

$0.22

 

 

3,560,065

 

 

$0.24

 

Granted

 

 

30,000

 

 

0.05

 

 

787,500

 

 

0.16

 

Exercised

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

 

 

 

 

 

 

Expired

 

 

(522,500

)

 

(0.30

)

 

(489,565

)

 

0.34

 

Outstanding, end of year

 

 

3,365,500

 

 

$0.20

 

 

3,858,000

 

 

$0.22

 

Exercisable, end of year

 

 

2,804,660

 

 

$0.20

 

 

2,851,333

 

 

$0.23

 

Options available for future grant, end of year

 

 

1,303,336

 

 

 

 

 

537,008

 

 

 

 

Schedule of Unvested Options Activity

 

 

2016

 

2015

 

 

 

Options

 

Weighted

Average

Exercise

Price

 

Options

 

Weighted

Average

Exercise

Price

 

Non-Vested options at beginning of year

     

 

1,006,667

 

 

$0.17

    

 

675,014

 

 

$0.16

 

Granted

 

 

30,000

 

 

0.05

 

 

787,500

 

 

0.16

 

Vested

 

 

(445,827

)

 

0.17

 

 

(455,847

)

 

0.16

 

Cancelled

 

 

(30,000

)

 

0.17

 

 

 

 

 

Non-Vested options end of year

 

 

560,840

 

 

$0.16

 

 

1,006,667

 

 

$0.17

 

Summary of Options Outstanding by Price Range

 

 

Options Outstanding

 

Options Exercisable

 

Range of

Exercise Price

 

Number

Outstanding

 

Remaining

Average

Contractual

Life (In Years)

 

Weighted

Average

Exercise Price

 

Number

Exercisable

 

Weighted

Average

Exercise Price

 

0.04-.40

 

 

3,365,500

 

 

4.59

 

 

0.20

 

 

2,804,660

 

 

0.20

 

Schedule of Fair Value Assumptions

 

December 31,

 

2016

 

2015

Risk-free interest rate

0.79%-1.45

%

 

0.93%-1.39

%

Expected term (life) of options (in years)

4-10

 

 

5-10

 

Expected dividends

 

 

 

 

 

Expected volatility

171.79% -205.5

%

 

164.47%-169.10

%