XML 67 R49.htm IDEA: XBRL DOCUMENT v3.3.0.814
STOCK OPTION PLAN AND WARRANTS, STOCK OPTIONS (Details) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Number of shares [Roll Forward]          
Exercised (in shares)     0 0  
Stock option fair value assumptions [Abstract]          
Stock based compensation expense     $ 4,534,849 $ 992,450  
Cashless exercise of options shares (in shares)     0 0  
Stock Options [Member]          
Number of shares [Roll Forward]          
Outstanding at beginning of year (in shares)     11,033,675 9,583,762 9,583,762
Granted (in shares)     6,299,600 2,372,800 2,372,800
Exercised (in shares)     0   0
Expired and Cancelled (in shares)     (3,295,240)   (922,887)
Outstanding at end of period (in shares) 14,038,035   14,038,035   11,033,675
Exercisable at the end of the period (in shares) 7,738,435   7,738,435   11,033,675
Weighted average exercise price [Roll Forward]          
Outstanding at the beginning of year (in dollars per share)     $ 1.05 $ 1.16 $ 1.16
Granted (in dollars per share)     0.29   0.58
Exercised (in dollars per share)     0   0
Expired and Cancelled (in dollars per share)     1.17   0.99
Outstanding at end of period (in dollars per share) $ 0.69   0.69   1.05
Exercisable at end of the period (in dollars per share) $ 0.88   $ 0.88   $ 1.05
Stock option fair value assumptions [Abstract]          
Value of granted options     $ 1,845,892 $ 1,375,238  
Stock based compensation expense $ 152,712 $ 377,731 261,459 992,450  
Unrecognized compensation cost on non-vested share-based compensation 388,385 $ 3,366 388,385 $ 3,366  
Recognized share-based compensation awards in the remainder of the fiscal period $ 158,959   $ 158,959    
Stock Options [Member] | Maximum [Member]          
Stock option fair value assumptions [Abstract]          
Weighted average fair value per option granted (in dollars per share)     $ 0.3606    
Risk free interest rate     1.54%    
Expected lives     3 years    
Expected volatility     120.51%    
Stock Options [Member] | Minimum [Member]          
Stock option fair value assumptions [Abstract]          
Weighted average fair value per option granted (in dollars per share)     $ 0.1431    
Risk free interest rate     1.00%    
Expected dividend yield     0.00%    
Expected lives     2 years 8 months 8 days    
Expected volatility     86.22%