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Stock-Based Compensation Arrangements (Tables)
6 Months Ended
Jun. 30, 2015
Stock-Based Compensation Arrangements [Abstract]  
Total Compensation Cost Recorded for Stock-Based Compensation
Total stock-based compensation is as follows:
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
 
2015
 
2014
 
2015
 
2014
 
Stock option grants beginning of period
 
$
141,383
 
$
120,650
 
$
239,823
 
$
240,182
 
Stock-based arrangements during the period:
 
 
 
 
 
 
 
 
 
 
 
 
 
Stock option grants
 
 
110,323
 
 
127
 
 
157,371
 
 
1,167
 
Restricted stock issued:
 
 
 
 
 
 
 
 
 
 
 
 
 
Employee stock purchase plan
 
 
1,219
 
 
1,801
 
 
2,041
 
 
3,450
 
 
 
$
252,925
 
$
122,578
 
$
399,235
 
$
244,799
 
Schedule of Stock option activity
The following table details stock option activity:
 
 
Six Months Ended
Six Months Ended
 
 
June 30, 2015
June 30, 2014
 
 
 
 
Weighted Avg
 
 
Weighted Avg
 
 
 
 
Exercise
 
 
Exercise
 
 
Shares
 
Price
Shares
 
Price
 
Outstanding, beginning of period
 
 
4,523,900
 
$
0.39
 
 
5,884,050
 
$
0.43
 
Stock options granted
 
 
17,779,027
 
 
0.17
 
 
137,000
 
 
0.35
 
Stock options exercised
 
 
 
 
0.00
 
 
 
 
0.00
 
Restricted stock exercised
 
 
 
 
0.00
 
 
 
 
0.00
 
Canceled/Expired
 
 
(14,060)
 
 
0.28
 
 
(31,250)
 
 
2.43
 
Outstanding, end of period
 
 
22,288,867
 
$
0.28
 
 
5,989,800
 
$
0.42
 
Exercisable, end of period
 
 
2,609,643
 
$
0.36
 
 
711,175
 
$
0.72