Stock Options (Tables)

3 Months Ended

Mar. 31, 2016

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

Summary of Stock Option Activity

A summary of stock option activity for the three months ended March 31, 2016 is as follows:

	Outstanding			Weighted-Average		Aggregate
	Stock Options			Exercise Price		Intrinsic Value (1)
Balance as of December 31, 2015		1,628,000		$	1.30	$	-
Expired		(88,000	)		0.74		-
Balance as of March 31, 2016		1,540,000		$	1.09	$	-
Equity awards available for grant, net of restricted stock (811,576) at March 31, 2016		7,648,424

(1) Amounts represent the difference between the exercise price and the fair value of common stock at period end for all in the money options outstanding based on the fair value per share of common stock.