Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of equity incentive plan

A summary of the Company’s 2013 Equity Incentive Plan as of March 31, 2016, is as follows:

	Number of			Weighted Average
	Options			Exercise Price
Outstanding at December 31, 2014		500,000		$	4.54
Options issued		564,000			1.09
Options forfeited		(120,000	)		4.54
Outstanding at December 31, 2015 and March 31, 2016		944,000			2.48

Schedule of other stock options

A summary of the Company’s other stock options as of March 31, 2016, is as follows:

				Weighted Average
	Number of Options			Exercise Price
Outstanding at December 31, 2013 and December 31, 2014		584,650		$	0.53
Options issued		291,900			0.53
Options forfeited		(850	)		0.51
Outstanding at December 31, 2015 and March 31, 2016		875,700		$	0.53

Schedule of stock options outstanding exercise price range

The following table summarizes stock options outstanding at March 31, 2016:

		Number Outstanding at March 31,		Average Remaining Contractual Life		Number Exercisable at March 31,		Intrinsic Value at March 31,
Exercise Price		2016		(Years)		2016		2016
$	0.53		291,900		4.25		291,900		85,570
	0.53		291,900		6.25		291,900		85,570
	0.53		291,900		9.50		-		-
	4.54		380,000		7.75		-		-
	1.09		564,000		9.25		-		-