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Stock Based Compensation
6 Months Ended
Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Based Compensation

Note 6 – Stock Based Compensation

The Company recognizes share-based compensation at the fair value of the equity instrument on the grant date. Compensation expense is recognized over the required service period. Share-based compensation expenses were $81,338 and $174,762 for the quarters ended June 30, 2016 and 2015, respectively. Share-based compensation expenses were $183,535 and $303,515 for the six months ended June 30, 2016 and 2015, respectively.

As of June 30, 2016, there was a total of $506,101 of unrecognized compensation cost, adjusted for estimated forfeitures, related to non-vested share –based payments granted to the Company’s employees. The remaining unamortized expense is expected to be recognized over a weighted average period of approximately 3 years.