Stock Option Plans (Tables)

3 Months Ended

Mar. 31, 2016

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 three months ended March 31, 2016, is presented below:

	Number of Options		Weighted Averaged Exercise Price $		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Options Value $
Outstanding, January 1, 2016		1,419,436		1.56		2.78		1,220,338
Granted		348,908		1.72		4.85		-
Exercised		-		-		-		-
Forfeited or expired		-		-		-		-
Outstanding, March 31, 2016		1,768,344		1.59		2.99		466,050
Exercisable, March 31, 2016		1,157,983		1.33		2.43		465,309

A summary of option activity for non-employees under the plans and changes during the three months ended March 31, 2016, is presented below: 

	Number of Options		Weighted Averaged Exercise Price $		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Options Value $
Outstanding, January 1, 2016		8,333		2.70		4.83		-
Granted		-		-		-		-
Expired		-		-		-		-
Exercised		-		-		-		-
Outstanding, March 31, 2016		8,333		2.70		4.58		-
Exercisable, March 31, 2016		2,777		2.70		4.58		-