Share-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2016

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

Schedule of Valuation Assumptions

The grant date fair value of each option award and warrant is calculated using a Black-Scholes valuation model, which incorporates the following weighted average assumptions:

	December 31, 2016			December 31, 2015
Stock Options:
Weighted average expected volatility	101		%	92		%
Weighted Average Term (in years)	10			10
Risk-free interest rate	2		%	2		%
Weighted average forfeiture rate	55		%	—		%
Weighted average fair value at date of grant	$	0.59		$	1.08
Warrants:
Weighted average expected volatility				69		%
Weighted Average Term (in years)				2
Risk-free interest rate				2		%
Weighted average fair value at date of grant				$	1.24

Schedule of Stock Options Activity

The following table summarizes stock option activity:

	Number		Weighted Average Exercise Price Per Share
Outstanding as of December 31, 2015	1,100,000		$	1.27
Granted	1,310,000		1.11
Expired, forfeited, and revoked	(1,235,000	)	1.27
Exercised	—		—
Outstanding as of December 31, 2016	1,175,000		1.08
Options exercisable as of December 31, 2016	—		—
Remaining unvested options outstanding and expected to vest	1,175,000		$	1.08