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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2015
Stock-Based Compensation [Abstract]  
Schedule of Fair Value Assumptions used in valuing Stock Options

 

Three Months Ended

March 31,

2015


2014

Volatility

69% - 76%


73%

Risk-free interest rate

1.34% - 1.75%


1.93%

Expected term

6.25 years


6.25 years

Schedule of Stock Option Activity

 

Number of
Shares



Weighted
Average
Exercise
Price



Weighted
Average
Fair
Value


Weighted
Average
Remaining
Contractual Life

Outstanding at December 31, 2014

805,840

$

              5.51

$

                     3.47

8.6

Granted at market price

133,000



5.36



 


 

Exercised

(2,750)



0.05



 


 

Forfeited

(12,150)



5.98



 


 

Outstanding at March 31, 2015

923,940



5.50



3.46


8.6

Exercisable at March 31, 2015

314,957


$

                   5.25


$

                   3.15


7.7