Stockholders' Equity

9 Months Ended

Sep. 30, 2016

Stockholders' Equity [Abstract]

Stockholders Equity Note Disclosure [Text Block]

10. Stockholders’ Equity

Preferred Stock

There were no issuances of preferred stock during the three and nine month periods ended September 30, 2016 and 2015.

Common Stock

The Company is authorized to issue 110,000,000 shares of common stock, $.001 par value per share. As of September 30, 2016, there were 82,730,134 shares of common stock outstanding.

Employee Stock Issuances

 

The Company issued 209,438 shares of common stock as a result of the vesting of Restricted Stock Awards (RSA) during the nine month period ended September 30, 2016. See Note 11 for additional information regarding RSA activity. There was no vesting of RSAs during the nine month period ended September 30, 2015.

There were no exercises of non-qualified stock options during the nine month period ended September 30, 2016. Shares of common stock issued as a result of stock option exercises and realized gross proceeds during the nine month period ended September 30, 2015 were 863,933 and $701,706, respectively, from the exercise of such stock options. See Note 11 for additional information regarding the stock incentive plans.