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Stock-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2015
Schedule of Weighted-Average Assumptions Used for Grants Made Under Stock Option Plans

The following weighted-average assumptions were used for grants made under the stock option plans for the years ended December 31, 2015, 2014 and 2013:

 

     2015  
      Directors     Executives     Employees  

Expected volatility

     147.57-148.95 %      145.87-148.05 %      148.06 % 

Expected term

     6.8 years        6.8 years        6.8 years   

Risk-free interest rate

     1.83-1.93 %      1.58-1.90 %      1.99 % 

Dividend yield

     0 %      0 %      0 % 

Annual forfeiture rate

     14.5 %      14.5 %      14.5 % 

 

     2014  
     Directors     Executives     Employees  

Expected volatility

     143.09-145.11 %      142.69 %      145.03 % 

Expected term

     6.8 years        6.8 years        6.8 years   

Risk-free interest rate

     1.97-2.20 %      2.22 %      1.75 % 

Dividend yield

     0 %      0 %      0 % 

Annual forfeiture rate

     14.5 %      14.5 %      14.5 % 

 

     2013  
      Directors     Executives     Employees  

Expected volatility

     138.29-141.54 %      134.9 %      134.9-141.98 % 

Expected term

     6.8 years        6.8 years        6.8 years   

Risk-free interest rate

     1.45-2.24 %      1.21 %      1.21-2.03 % 

Dividend yield

     0 %      0 %      0 % 

Annual forfeiture rate

     14.5 %      14.5 %      14.5 % 
Summary of Transactions Involving Stock Options Awarded

Transactions involving stock options awarded under the Plans described above during the years ended December 31, 2015, 2014 and 2013 are summarized as follows:

 

     Number of
Shares
     Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Term in Years
     Aggregate
Intrinsic
Value
 
                          (In thousands)  

Outstanding at December 31, 2012

     4,150,410       $ 1.07         8.4       $ 1,076   

Granted

     505,000       $ 0.20         

Expired

     (88,000 )     $ 3.03         

Forfeited

     (226,660 )     $ 1.61         
  

 

 

          

Outstanding at December 31, 2013

     4,340,750       $ 0.90         7.8       $ 56   

Granted

     495,000       $ 0.31         

Expired

     (2,000 )     $ 5.20         

Forfeited

     (13,000 )     $ 0.67         
  

 

 

          

Outstanding at December 31, 2014

     4,820,750       $ 0.84         7.1       $ 223   

Granted

     1,785,000       $ 0.57         

Expired

     (58,500 )     $ 4.81         
  

 

 

          

Outstanding at December 31, 2015

     6,547,250       $ 0.73         7.0       $ 969   
  

 

 

          

Vested and exercisable at December 31, 2015

     4,197,244       $ 0.79         6.2       $ 874   
  

 

 

          

Vested and expected to vest at December 31, 2015

     6,211,254       $ 0.74         7.0       $ 959   
  

 

 

          
Director Stock Plan [Member]  
Summary of Transactions Involving Stock Options Awarded

Transactions involving stock options awarded under the Directors Stock Plan during the years ended December 31, 2015, 2014 and 2013 are summarized as follows:

 

     Number of
Shares
     Weighted
Average
Exercise Price
     Weighted
Average
Remaining
Contractual
Term in Years
     Aggregate
Intrinsic Value
 
                          (In thousands)  

Outstanding at December 31, 2012

     42,000       $ 5.93         1.9      

Expired

     (21,000 )     $ 2.89         
  

 

 

          

Outstanding at December 31, 2013

     21,000       $ 8.97         2.7      
  

 

 

          

Outstanding at December 31, 2014

     21,000       $ 8.97         1.4      
  

 

 

          

Outstanding at December 31, 2015

     21,000       $ 8.97         0.4      
  

 

 

          

Vested and Exercisable at December 31, 2015

     21,000       $ 8.97         0.4       $ —   
  

 

 

          
Non-Plan Options [Member]  
Summary of Transactions Involving Stock Options Awarded

Transactions involving awards of Non-Plan Options during the years ended December 31, 2015, 2014 and 2013 are summarized as follows:

 

     Number of
Shares
     Weighted
Average
Exercise Price
     Weighted
Average
Remaining
Contractual
Term in Years
     Aggregate
Intrinsic Value
 
                          (In thousands)  

Outstanding at December 31, 2012

     5,000       $ 3.15         0.5      

Expired

     (5,000 )       3.15         
  

 

 

          

Outstanding at December 31, 2013

     —       $ —         —      
  

 

 

          

Outstanding at December 31, 2014

     —       $ —         —      
  

 

 

          

Outstanding at December 31, 2015

     —       $ —         —      
  

 

 

          

Vested and Exercisable at December 31, 2015

     —       $ —         —       $ —