Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 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:

	Nine Months Ended June 30,
	2016	2015
Volatility	38% - 50%	69% - 76%
Risk-free interest rate	1.12% - 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 nine months ended September 30, 2016:

				Weighted		Weighted		Aggregate
	Number of			Average		Average Remaining		Intrinsic
	Options			Exercise Price		Contractual Life		Value
Outstanding at December 31, 2015		1,066,360		$	5.37		7.4	$	64,500
Granted		264,350			4.21
Exercised		(900	)		1.25
Forfeited		(186,281	)		5.33
Outstanding at September 30, 2016		1,143,529		$	5.12		7.1	$	430,879
Exercisable at September 30, 2016		469,458		$	5.27		4.6	$	150,349