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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Assumptions in Computing Option Fair Value

The fair value of all options granted during the years ended December 31, 2015 and 2014 was determined using the following assumptions:

 

Expected volatility

   65% - 90%

Risk free interest rate

   1.69% - 1.76%

Expected term (years)

   5.0

Dividend yield

   0%
Summary of Activity Related to Options Granted

Stock option activity is as follows:

 

     Number of
Options
     Weighted
Average
Exercise Price
     Weighted
Average
Remaining
Contractual Life
   Aggregate Fair
Value
 

Outstanding December 31, 2013

     4,045,324       $ 1.85       2.05 Years    $ 7,483,849   

Granted

     252,000       $ 3.80         

Exercised

     (1,138,331    $ 0.78         

Forfeited

     (14,000    $ 2.43         

Expired

           
  

 

 

    

 

 

       

Outstanding December 31, 2014

     3,144,993       $ 2.39       1.48 Years    $ 7,516,533   

Granted

     100,000       $ 0.60         

Exercised

     (218,010    $ 1.50         

Forfeited

           

Expired

     (889,983    $ 2.07         
  

 

 

    

 

 

       

Outstanding December 31, 2015

     2,137,000       $ 2.53       .75 Years    $ 5,406,610   

Exercisable at, December 31, 2015

     1,856,001       $ 2.64          $ 4,899,843   

Unvested at December 31, 2015

     280,999