Stock-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Fair Value of Stock Options Grants

The Company used the Black Scholes option pricing model to determine the fair value of stock option grants, using the following assumptions during the years ended December 31, 2015 and 2014:

	2015			2014
Weighted average expected term	4.71 years			6.25 years
Weighted average volatility		132	%		121	%
Weighted average risk-free interest rate		1.25	%		1.67	%
Dividend yield		0	%		0	%

Summary of Stock Option Activity Under the Option Plan

A summary of stock option activity under the Option Plan for the years ended December 31, 2015 and 2014 are presented below:

	Shares Under Option			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
Outstanding at January 1, 2014		2,469,716		$	0.57
Granted		518,750		$	0.25
Exercised		—
Forfeited		(1,146,697	)	$	0.45
Outstanding at December 31, 2014		1,841,769		$	0.59	7.2 Years	$	—
Exercisable at December 31, 2014		895,829		$	0.93	5.5 Years	$	—
Outstanding at January 1, 2015		1,841,769		$	0.59
Granted		629,000		$	0.43
Exercised		—
Forfeited		(785,519	)	$	0.74
Outstanding at December 31, 2015		1,685,250		$	0.46	6.8 Years	$	—
Exercisable at December 31, 2015		1,013,095		$	0.55	6.2 Years	$	—

Summary of Status of the Company's Non-Vested Shares Under Option

A summary of status of the Company’s non-vested share awards as of and for the years ended December 31, 2015 and 2014 are presented below:

	Non-vested Shares Under Option			Weighted Average Grant Date Fair Value
Non-vested at January 1, 2015		945,940		$	0.29
Granted		629,000		$	0.43
Vested		(619,052	)	$	0.40
Forfeited		(283,733	)	$	0.74
Non-vested at December 31, 2015		672,155		$	0.31