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Agreements for Services, Officer and Board of Director's Compensation
9 Months Ended
Sep. 30, 2014
Other Commitments [Abstract]  
Agreements for Services, Officer and Board of Director's Compensation

On March 19, 2014, the board approved a compensation plan whereby each Director will receive an annual retainer in the amount of $20,000, a board meeting participation fee of $3,500 per meeting, annual option grants entitling each Director to purchase up to 45,000 shares of the company’s common stock, a committee meeting participation fee of $1,500 per meeting, and $5,000 annually to each committee chair.