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Stock Options (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The fair value of stock options is estimated on the date of grant using the Black-Scholes option pricing model. The weighted average fair values of the options granted and weighted average assumptions are as follows:
 
 
 
For the Years Ended December 31,
 
 
 
2016
 
 
2015
 
 
2014
 
Weighted average fair value of options granted
 
$
1.11
 
 
$
1.36
 
 
$
1.35
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Risk-free interest rate
 
 
1.26%-1.93%
 
 
 
1.73
%
 
 
1.68
%
Expected life (years)
 
 
5 - 6
 
 
 
5 - 6
 
 
 
5
 
Expected volatility factor
 
 
47%-49%
 
 
 
49
%
 
 
55
%
Expected dividends
 
 
None
 
 
 
None
 
 
 
None
 
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
A summary of option activity under the Plans as of December 31, 2016, and changes during the year then ended, is presented below:
 
 
 
 
 
 
 
Weighted-Average
 
 
 
 
 
 
 
Weighted -
 
Remaining
 
Aggregate
 
 
 
Number of
 
Average Exercise
 
Contractual Term
 
Intrinsic
 
 
 
Options
 
Price
 
(years)
 
Value
 
Outstanding at January 1, 2016
 
 
3,970,146
 
$
3.02
 
 
 
 
 
 
 
Granted
 
 
1,470,000
 
 
2.55
 
 
 
 
 
 
 
Exercised
 
 
-
 
 
-
 
 
 
 
 
 
 
Forfeited/Expired
 
 
(270,977)
 
 
3.10
 
 
 
 
 
 
 
Outstanding at December 31, 2016
 
 
5,169,169
 
$
2.88
 
 
5.76
 
$
38,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at December 31, 2016
 
 
2,689,943
 
$
3.06
 
 
4.39
 
$
7,887
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Vested and Expected to Vest at December 31, 2016
 
 
5,169,169
 
$
2.88
 
 
5.76
 
$
38,000