Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2014

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

Schedule of Fair Value of Each Option Award Granted

The fair value of each option award granted is estimated on the date of grant using the Black-Scholes option valuation and assumptions as noted in the following table:

	December 31, 2014			December 31, 2013
Expected life		5-10 years			5-10 years
Expected volatility		74-83	%		72-77	%
Risk-free interest rate		1.90-2.45	%		0.71-2.45	%
Dividend yield		-			-

Schedule of Stock Option Plans

The status of the Company’s stock option plans during the periods indicated is summarized as follows:

					Weighted
					Average
			Weighted		Remaining
			Average		Contractual		Aggregate
	Number of		Exercise		Term in		Intrinsic
	Shares		Price		Years		Value
Outstanding at December 31, 2012		242,654	$	40.10		7.0	$	29
Granted		499,447		14.60		9.5		-
Exercised		(1,806)		10.00				17
Forfeited or expired		(433,679)		27.70				27
Outstanding at December 31, 2013		306,616		16.20		9.0
Granted		1,205,162		1.70		9.4
Exercised		-		-
Forfeited or expired		(202,943)		16.74
Outstanding at December 31, 2014		1,308,835		2.76		9.8
Vested and exercisable at December 31, 2014		101,376	$	13.45		8.4	$	-

Schedule of Stock Options Outstanding

The following table summarizes information about stock options outstanding at December 31, 2014:

	Options Outstanding					Options Exercisable
			Weighted-
			Average	Weighted-				Weighted-
			Remaining	Average				Average
	Number		Contractual	Exercise		Number		Exercise
Range of Exercise Prices	Outstanding		Life	Price		Exercisable		Price
$.01-$3.00		1,125,000	9.95 years	$	1.40		-	$	-
$3.01-$10.00		147,553	8.98 years		6.95		70,443		7.51
$10.01-$70.00		36,282	7.41 years		27.89		30,933		26.97
$.01-$70.00		1,308,835	9.77 years	$	2.76		101,376	$	13.45