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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2015
Workers Compensation Discount [Abstract]  
Summary of share-based compensation activity
Common stock option and restricted stock award activity under the Plan was as follows:
 
 
 
 
 
 
Options and RSAs Outstanding
 
 
 
 
 
 
 
 
 
Weighted Average
 
 
 
Shares Available
 
 
 
 
Exercise Price Per
 
 
 
for Grant
 
Number of Shares
 
Share
 
Balance at December 31, 2014
 
 
689,529
 
 
2,417,918
 
$
2.59
 
Options Granted
 
 
(1,908,661)
 
 
1,908,661
 
$
1.02
 
Options Forfeited
 
 
619,864
 
 
(619,864)
 
$
1.14
 
Options Expired
 
 
60,091
 
 
(60,091)
 
$
2.27
 
Options Cancelled
 
 
1,432,661
 
 
(1,432,661)
 
$
2.73
 
Restricted Stock Granted
 
 
(394,267)
 
 
394,267
 
$
0.39
 
Restricted Stock Vested
 
 
-
 
 
(394,267)
 
$
0.39
 
Balance at June 30, 2015
 
 
499,217
 
 
2,213,963
 
$
1.56
 
Total vested and expected to vest shares (options)
 
 
 
 
 
2,213,963
 
$
1.56
 
Total vested shares (options)
 
 
 
 
 
948,833
 
$
2.33
 
Outstanding options
The following table summarizes information with respect to stock options outstanding at June 30, 2015:
 
Options Outstanding
 
Options Vested
 
 
 
 
 
 
 
Weighted-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Average
 
Weighted-
 
 
 
 
Weighted-
 
Exercise
 
 
 
 
Remaining
 
Average
 
 
 
 
Average
 
Price Per
 
Shares
 
Contractual
 
Exercise
 
Shares
 
Exercise
 
Share
 
Outstanding
 
Life (Years)
 
Price
 
Exercisable
 
Price Per
 
$
0.56
 
 
25,000
 
 
1.84
 
$
0.56
 
 
25,000
 
$
0.56
 
$
0.69
 
 
326,000
 
 
9.58
 
$
0.69
 
 
-
 
$
-
 
$
0.77
 
 
150,000
 
 
9.43
 
$
0.77
 
 
25,000
 
$
0.77
 
$
1.14
 
 
990,818
 
 
8.33
 
$
1.14
 
 
176,738
 
$
1.14
 
$
2.05
 
 
17,800
 
 
9.09
 
$
2.05
 
 
17,800
 
$
2.05
 
$
2.27
 
 
525,628
 
 
8.45
 
$
2.27
 
 
525,628
 
$
2.27
 
$
3.04
 
 
123,717
 
 
1.11
 
$
3.04
 
 
123,717
 
$
3.04
 
$
3.85
 
 
40,000
 
 
7.60
 
$
3.85
 
 
40,000
 
$
3.85
 
$
14.30
 
 
15,000
 
 
0.96
 
$
14.30
 
 
15,000
 
$
14.30
 
 
 
 
 
2,213,963
 
 
8.08
 
$
1.56
 
 
948,883
 
$
2.33
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The fair value of employee stock options granted was estimated using the following weighted-average assumptions for the six months ended June 30, 2015:
 
 
 
2015
 
Expected volatility
 
 
64
%
Risk free rate
 
 
1.48
%
Dividend yield
 
 
0
%
Expected term (in years)
 
 
6.06
 
Schedule Of Stock Based Compensation Of Employees And Non Employees
Stock-based compensation for employees and non-employees related to options and RSAs recognized:
 
 
 
For the three months ended June 30
 
For the six months ended June 30
 
 
 
2015
 
2014
 
2015
 
2014
 
General and administrative
 
$
124,627
 
$
865,922
 
$
596,901
 
$
1,861,654