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Stockholders' Deficit (Tables)
 6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Assumptions in Computing Option Fair Value

The fair value of all options granted during the six months June 30, 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

      (330,000 )     $ 2.68         
  

 

 

     

 

 

        

Outstanding June 30, 2016

      1,838,000       $ 2.40         1.69 Years       $ 4,411,200   

Exercisable at June 30, 2016

      1,589,500       $ 2.40          $ 3,814,800   

Unvested at June 30, 2016

      248,500