Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2016

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

Schedule of Fair Value Assumptions used in valuing Stock Options

Option awards are valued based on the grant date fair value of the instruments, net of estimated forfeitures, using a Black-Scholes option pricing model with the following assumptions:

	Three Months Ended March 31,
	2016		2015
Volatility	38% - 47	%	69% - 76	%
Risk-free interest rate	1.30% - 1.65	%	1.34% - 1.75	%
Expected term	6.25 years		6.25 years

Schedule of Stock Option Activity

The following summarizes stock option activity for the three months ended March 31, 2016:

				Weighted		Weighted Average		Aggregate
	Number of			Average		Remaining		Intrinsic
	Options			Exercise Price		Contractual Life		Value
Outstanding at December 31, 2015		1,066,360		$	5.37		7.4	$	64,500
Granted		129,500			3.41
Exercised		(900	)		1.25
Forfeited		(35,548	)		4.95
Outstanding at March 31, 2016		1,159,412		$	5.37		7.4	$	64,500
Exercisable at March 31, 2016		377,790		$	5.29		4.7	$	46,350