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Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of the option activity

A summary of the option activity for the first nine months of 2014 is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of
Shares

 

Weighted
Average
Exercise
Price per
Share

 

Weighted
Average
Remaining
Contractual
Term (in years)

 

Aggregate
Intrinsic
Value

 

Options outstanding at December 31, 2013

 

 

339,750

 

$

6.73

 

 

6.9

 

$

9,000

 

Granted

 

 

167,500

 

$

4.92

 

 

9.3

 

$

4,650

 

Exercised

 

 

—

 

$

—

 

 

—

 

$

—

 

Expired

 

 

—

 

$

—

 

 

—

 

$

—

 

Forfeited

 

 

(49,250

)

$

6.63

 

 

—

 

$

325

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at September 30, 2014

 

 

458,000

 

$

6.08

 

 

7.6

 

$

—

 

Options exercisable at September 30, 2014

 

 

154,750

 

$

7.26

 

 

5.6

 

$

—