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Share-based Compensation (Tables)
12 Months Ended
Dec. 31, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
We estimated the fair value of each option award at the grant date by using the Black-Scholes option pricing model with the following range of assumptions for awards:
 
 
For the Year Ended
 
 
 
December 31,
 
 
 
December 31,
 
 
2013
 
 
 
2012
 
 
 
 
 
 
 
 
 
 
Dividend yield
 
 
0
%
 
 
0
%
Expected volatility, in years
 
 
90
%
 
 
125
%
Risk-free interest rates
 
 
1.4% to 2.8
%
 
 
0.8% to 0.9
%
Expected lives, in years
 
 
5 to 10
 
 
 
5
 
Stock Option Activity
The following table summarizes our stock option activity for the periods presented:
 
 
 
 
Weighted-
 
 
Number
 
Average
 
 
of Shares
 
Exercise
 
 
Issuable
 
Price
 
 
 
 
 
 
 
Balance, January 1, 2012
5,886,261
 
$
1.11
 
Granted
300,000
 
$
0.72
 
Exercised
-
 
 
-
 
Cancelled
(476,136)
 
$
1.15
 
Balance, December 31, 2012
5,710,125
 
$
1.10
 
Granted
3,085,000
 
$
0.54
 
Exercised
(300)
 
 
0.88
 
Cancelled
(1,292,404)
 
$
0.36
 
Balance, December 31, 2013
7,502,421
 
$
1.00
 
Options Outstanding
The following table summarizes options outstanding at December 31, 2013:
 
 
 
 
 
 
Weighted-
 
Weighted-
 
 
 
 
 
 
Number
 
Average
 
Average
 
Aggregate
 
 
 
of Shares
 
Exercise
 
Remaining
 
Intrinsic
 
 
 
Issuable
 
Price
 
Term (Years)
 
Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable
 
 
3,692,421
 
$
1.02
 
3.5
 
$
11,000
 
Not vested
 
 
3,810,000
 
$
0.99
 
6.7
 
$
35,000
 
Balance, December 31, 2013:
 
 
7,502,421
 
$
1.00
 
5.1
 
$
46,000
 
Schedule of Stockholders' Equity Note, Warrants or Rights
The following table sets forth our warrant activity during the periods presented:
 
 
 
 
Weighted-
 
 
 
Number
 
Average
 
 
 
of Shares
 
Exercise
 
 
 
Issuable
 
Price
 
 
 
 
 
 
 
 
 
Balance, January 1, 2012
 
 
5,452,141
 
$
1.18
 
Granted
 
 
22,048,510
 
 
0.67
 
Exercised
 
 
-
 
 
-
 
Cancelled
 
 
(147,500)
 
 
2.25
 
Balance, December 31, 2012
 
 
27,353,151
 
$
0.76
 
Granted
 
 
14,875,004
 
 
0.60
 
Exercised
 
 
(300)
 
 
0.88
 
Cancelled
 
 
(632,200)
 
 
1.56
 
Balance, December 31, 2013
 
 
41,595,655
 
$
0.69