Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2015

Share-based Compensation [Abstract]

Schedule of stock option activity

A summary of all stock option activity at and for the twelve months ended December 31, 2015 is presented below:

	# of Options			Weighted- Average Exercise Price
Outstanding at December 31, 2014		1,000,000	(1)	$	0.40
Options granted		1,650,000	(2)		1.16
Options exercised		-			-
Options canceled		(450,000	)(2)		2.00
Outstanding at December 31, 2015		2,200,000		$	0.64
Exercisable at December 31, 2015		1,052,083		$	0.47

(1) Non-Plan options

(2) 1,200,000 options granted under 2015 Stock Incentive Plan; 450,000 non-plan options, which were subsequently canceled under an agreement with the holder.

Schedule of Black-Scholes assumptions in arriving at the fair value

The following weighted-average assumptions were used in the Black-Scholes valuation model for options granted during the year ended December 31, 2015:

Risk-free interest rate	0.84	%
Expected term (in years)	2.46
Dividend yield	-
Expected volatility	74	%