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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2014
Stock-Based Compensation [Abstract]  
Schedule of Fair Value Assumptions used in valuing Stock Options

Such 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 September 30,

 
 

2014

   

2013

 
           

Volatility

73% - 76 %   66% - 68%  

Risk-free interest rate

1.76%-1.93 %   1.74% - 2.01%  

Expected term

6.25 years     6.25 - 7.25 years  
Schedule of Stock Option Activity
The following summarizes stock option activity for the nine months ended September 30, 2014:
                                 
            Weighted     Weighted     Weighted
            Average     Average     Average
    Number of     Exercise     Fair     Remaining
    Shares     Price     Value     Contractual Life

Outstanding at December 31, 2013

    627,807     $ 4.83     $ 2.92        

Granted at market price

    260,400       6.65                

Exercised

    (47,867 )     0.47                

Forfeited

    (99,700 )     6.72                

Outstanding at September 30, 2014

    740,640       5.44       3.40       8.7  

Exercisable

    185,869     $ 5.11     $ 3.02       8.1