Stockholders' Deficit (Tables)

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Assumptions in Computing Option Fair Value

The fair value of all options granted during the three months March 31, 2016 was determined using the following assumptions:

Expected volatility		90	%
Risk free interest rate		1.75	%
Expected term (years)		3.0
Dividend yield		0	%
Estimated grant date fair value	$	0.35

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, 2015		2,137,000		$	2.53		.75 Years	$	5,406,610
Granted		200,000		$	0.60
Exercised		—			—
Forfeited		(169,000	)	$	1.69
Expired		—			—
Outstanding March 31, 2016		2,168,000		$	2.33		1.94 Years	$	5,051,440
Exercisable at March 31, 2016		1,861,916		$	2.45			$	4,561,694
Unvested at March 31, 2016		306,084