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Stock Option Plans (Tables)
9 Months Ended
Sep. 30, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Option Activity for Employees and Non-Employees

A summary of option activity for employees under the plans and changes during the nine months ended September 30, 2015, is presented below:

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

Aggregate

 

 

 

Number

 

 

Averaged

 

 

Remaining

 

 

Intrinsic

 

 

 

of

 

 

Exercise

 

 

Contractual

 

 

Options

 

 

 

Options

 

 

Price $

 

 

Life (Years)

 

 

Value $

 

Outstanding, January 1, 2015

 

 

1,472,130

 

 

 

1.33

 

 

 

3.23

 

 

 

1,430,231

 

Granted

 

 

157,306

 

 

 

3.01

 

 

 

4.48

 

 

 

57,000

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited or expired

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, September 30, 2015

 

 

1,629,436

 

 

 

1.49

 

 

 

2.50

 

 

 

2,620,771

 

Exercisable,  September 30, 2015

 

 

1,077,520

 

 

 

1.14

 

 

 

1.95

 

 

 

2,093,571

 

 

A summary of option activity for non-employees under the plans and changes during the nine months ended September 30, 2015, is presented below:

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

Aggregate

 

 

 

Number

 

 

Averaged

 

 

Remaining

 

 

Intrinsic

 

 

 

of

 

 

Exercise

 

 

Contractual

 

 

Options

 

 

 

Options

 

 

Price $

 

 

Life (Years)

 

 

Value $

 

Outstanding, January 1, 2015

 

 

16,666

 

 

 

1.27

 

 

 

0.62

 

 

 

17,166

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

8,333

 

 

 

1.53

 

 

 

 

 

 

 

Outstanding, September 30, 2015

 

 

8,333

 

 

 

1.01

 

 

 

0.19

 

 

 

17,166

 

Exercisable, September 30, 2015

 

 

8,333

 

 

 

1.01

 

 

 

0.19

 

 

 

17,166