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Stock Options (Tables)
 12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of stock option activity
The following table summarizes stock option activity in the Company’s stock-based compensation plans for the year ended December 31, 2016. All options issued were non-qualified stock options.
 
Number of
Options
 
Weighted Average Exercise Price
 
Aggregate
Intrinsic Value (1)
 
Number of
Options Exercisable
 
Weighted Average Fair Value At
Date of Grant
Outstanding at December 31, 2014
460,000

 
$
0.43

 
$
—

 
174,167

 
$
0.59

Granted at Fair Value
1,000,000

 
$
0.27

 
$
—

 
483,333

 
$
0.27

Exercised
—

 
$
—

 
$
—

 
—

 
$
—

Forfeited
(30,000
)
 
$
0.50

 
$
—

 
(30,000
)
 
$
0.50

Outstanding at December 31, 2015
1,430,000

 
$
0.31

 
$
—

 
627,500

 
$
0.34

Granted at Fair Value
—

 
$
—

 
$
—

 
—

 
$
—

Exercised
—

 
$
—

 
$
—

 
—

 
$
—

Canceled
(375,000
)
 
$
0.27

 
$
—

 
(375,000
)
 
$
0.27

Outstanding at December 31, 2016
1,055,000

 


 
$
—

 
252,500

 


 
(1)
The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option at December 31, 2016. If the exercise price exceeds the market value, there is no intrinsic value.
Schedule of stock option fair value assumptions
The following assumptions were used to compute the weighted average fair value of options granted during the periods presented.
 
 
2016
2015
Expected term of option
3 years

3 years

Risk free interest rates
1.12
%
1.52
%
Estimated volatility
593.3

606.3

Dividend yield
—
%
—
%
Information about stock options
The following table summarizes information about stock options outstanding at December 31, 2016:

Range of
Exercise Prices
Number of
Options
Weighted
Average
Remaining
Contractual
Life (Years)
Weighted
Average
Exercise
Price
Aggregate
Intrinsic
Value (1)
Number
Exercisable
Weighted Average Exercise
Price of Exercisable Options
Aggregate
Intrinsic
Value (1)
$0.27 - $1.00
1,055,000

2.13
$
0.28

$
—

1,055,000

$
0.28

$
—


(1)
The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option at December 31, 2016. If the exercise price exceeds the market value, there is no intrinsic value. 

The following table summarizes information about options outstanding at December 31, 2015:
Range of
Exercise Prices
Number of
Options
Weighted
Average
Remaining
Contractual
Life (Years)
Weighted
Average
Exercise
Price
Aggregate
Intrinsic
Value (1)
Number
Exercisable
Weighted
Average
Exercise
Price of Exercisable Options
Aggregate
Intrinsic
Value
$0.27 - 1.00
1,430,000

2.13
$
0.31

$
—

241,667

$
0.34

$
—
Schedule of nonvested restricted stock units activity
A summary of the Company’s non-vested stock options at December 31, 2016 and December 31, 2015 and changes during the years are presented below.
 
Non-Vested Stock Options
Options
Weighted Average Grant Date Fair Value
Non-Vested at December 31, 2015
679,166

$
0.28

Granted
—

$
—

Vested
(95,834
)
$
0.27

Forfeited
(375,000
)
$
0.29

Non-Vested at December 31, 2016
208,332

$
0.28