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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2016
Workers Compensation Discount [Abstract]  
Summary of share-based compensation activity
Common stock option and restricted stock award activity under the Plan was as follows:
 
 
 
 
 
 
Options and RSAs Outstanding
 
 
 
Shares Available
for Grant
 
Number of
Shares
 
Weighted Average Exercise
Price Per Share
 
Balance at December 31, 2015
 
 
71,431
 
 
369,887
 
$
4.64
 
Authorized
 
 
250,000
 
 
 
 
 
 
 
Options forfeited
 
 
153,098
 
 
(153,098)
 
$
3.10
 
Restricted awards granted
 
 
(54,054)
 
 
54,054
 
 
 
 
Restricted awards vested
 
 
 
 
 
(54,054)
 
 
 
 
Options expired
 
 
5,517
 
 
(7,017)
 
$
34.73
 
Balance at June 30, 2016
 
 
425,992
 
 
209,772
 
$
4.75
 
Total vested and expected to vest shares (options)
 
 
 
 
 
209,772
 
$
4.75
 
Total vested shares (options)
 
 
 
 
 
86,859
 
$
7.08
 
Outstanding options
The following table summarizes information with respect to stock options outstanding at June 30, 2016:
 
Options Outstanding
 
Options Vested
 
Exercise
Price Per
Share
 
Shares
Outstanding
 
Weighted-
Average
Remaining
Contractual
Life (Years)
 
Weighted-
Average
Exercise
Price
 
Shares
Exercisable
 
Weighted-
Average
Exercise
Price Per
Share
 
$
3.10
 
 
182,528
 
 
9.30
 
$
3.10
 
 
59,615
 
$
3.10
 
$
5.60
 
 
2,500
 
 
0.83
 
$
5.60
 
 
2,500
 
$
5.60
 
$
11.40
 
 
17,674
 
 
0.83
 
$
11.40
 
 
17,674
 
$
11.40
 
$
30.40
 
 
7,070
 
 
0.83
 
$
30.40
 
 
7,070
 
$
30.40
 
 
 
 
 
209,772
 
 
8.20
 
$
4.75
 
 
86,859
 
$
7.08
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The fair value of employee stock options granted was estimated using the following weighted-average assumptions for the six months ended June 30, 2016 and 2015:
 
 
 
2016
 
2015
 
Expected volatility
 
 
n/a
 
 
64.00
%
Risk free rate
 
 
n/a
 
 
1.48
%
Dividend yield
 
 
n/a
 
 
0.00
%
Expected term (in years)
 
 
n/a
 
 
6.06
 
Schedule Of Stock Based Compensation Of Employees And Non Employees
Stock-based compensation for employees and non-employees related to options and RSAs recognized:
 
 
 
For the three months ended June 30
 
For the six months ended June 30
 
 
 
2016
 
2015
 
2016
 
2015
 
General and administrative
 
$
263,098
 
$
124,627
 
$
393,456
 
$
596,901