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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Stock Based Compensation Expense
Stock compensation expense was allocated between departments as follows;
 
Year ended
 
December 31, 2016
 
December 31, 2015
Research & Development
$
165,154

 
$
148,948

Sales & Marketing
30,418

 
62,533

General & Administrative
675,698

 
730,888

Total
$
871,270

 
$
942,369

Schedule of Fair Value of Award Granted Using Black-Scholes Option Pricing Model
The fair value of each award granted was estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions for the year ended December 31, 2016: 
 
Year Ended
 
December 31, 2016
 
December 31, 2015
Expected life (years)
6.1
 
6.1
Risk-free interest rate
1.3% - 1.7%
 
1.6%-1.7%
Volatility
65% - 73%
 
56% - 66%
Dividend rate
—%
 
—%
Summary of Stock Option Transactions
The following table summarizes stock option transactions for the years ended December 31, 2016 and 2015 as issued under the Plans:
 
 Shares Available for Grant
 
Number of Options Outstanding
 
Weighted-Average Exercise Price per Share
 
Weighted Average Remaining Contractual Term
 
(in years)
Balance at December 31, 2014
606,061

 
1,072,011

 
$
6.34

 
 
   Additional shares authorized
270,764

 

 

 
 
   Options granted
(955,713
)
 
955,713

 
3.08

 
 
   Options exercised


 
(83,848
)
 
3.50

 

   Options canceled/forfeited
85,037

 
(85,037
)
 
5.03

 
 
Balance at December 31, 2015
6,149

 
1,858,839

 
4.82

 
8.75
   Additional shares authorized
560,717

 

 

 
 
   Amendment to plan to authorize additional shares
1,500,000

 

 

 
 
   Options granted
(1,339,259
)
 
1,339,259

 
1.36

 
 
   Options exercised

 
(58,419
)
 
1.20

 
 
   Options canceled/forfeited
231,249

 
(231,249
)
 
3.09

 
 
Balance at December 31, 2016
958,856

 
2,908,430

 
$
3.42

 
8.48
 
 
 
 
 
 
 
 
Options vested at December 31, 2016

 
1,450,033

 
$
4.12

 
8.13
Options vested and expected to vest at December 31, 2016

 
2,908,430

 
$
3.42

 
8.48