Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2015

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

The fair value of the stock options granted during the three month period ended March 31, 2015 was estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions:



	Three Months Ended March 31,
	2015
Expected life (years)	5.04
Expected volatility	64.1%
Expected dividend yield	—%
Risk-free interest rate	1.4%
Weighted average fair value of options granted during the period	$0.27

Schedule of Stock Option Activity

The following table summarizes stock option activity for the three month period ended March 31, 2015:



	Number of Options		Weighted Average Exercise Price Per Option		Weighted Average remaining Contractual Life (years)	Aggregate Intrinsic Value (in thousands)
Outstanding balance at December 31, 2014	3,652,200		$	0.67
Granted	590,000		0.49
Exercised	—		—
Expired	(93,250	)	2.22
Forfeited	(3,000	)	0.67
Outstanding balance at March 31, 2015	4,145,950		0.68		8.04	$131
Options exercisable at March 31, 2015	1,998,758		$	0.82	7.18	$54