Stock-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

For stock option and compensation-based warrants granted during 2012, 2013 and 2014 the following weighted average assumptions were used in determining fair value:

	2012			2013			2014
Risk-free interest rate		0.78	%		1.58	%		2.12	%
Dividend yield		0	%		0	%		0	%
Expected volatility		185	%		189	%		174	%
Expected term in months		61			69			80

Schedule of Share-based Compensation, Stock Options, Activity

Option activity under the Plan for the year ended December 31, 2014, was as follows:

					Weighted
			Weighted-		Average
			Average		Remaining		Aggregate
			Exercise		Contractual		Intrinsic
	Options		Price		Term		Value
					(In years)
Year Ended December 31, 2014
Outstanding at December 31, 2013		6,032,188	$	0.90		6.8	$	18,671,745
Granted		325,000		2.57		9.4
Exercised		(525,000)		0.83
Forfeited/expired		(404,410)		0.68
Outstanding at December 31, 2014		5,427,778	$	1.03		6.0	$	8,829,412
Vested and expected to vest December 31, 2014		5,427,778	$	1.03		6.0	$	8,829,412
Exercisable at December 31, 2014		4,734,861	$	0.99		5.6	$	7,930,757

Option activity under the Plan for the year ended December 31, 2013, was as follows:

					Weighted
			Weighted-		Average
			Average		Remaining		Aggregate
			Exercise		Contractual		Intrinsic
	Options		Price		Term		Value
					(In years)
Year Ended December 31, 2013
Outstanding at December 31, 2012		3,482,188	$	1.22		5.8		5,339
Granted		2,550,000	$	0.48		9.6
Exercised		-		-
Forfeited/expired		-		-
Outstanding at December 31, 2013		6,032,188	$	0.90		6.8	$	18,671,745
Vested and expected to vest December 31, 2013		6,032,188	$	0.90		6.8	$	18,671,745
Exercisable at December 31, 2013		4,848,298	$	1.0535		6.2	$	14,824,475

Option activity under the Plan for the year ended December 31, 2012, was as follows:

					Weighted
			Weighted-		Average
			Average		Remaining		Aggregate
			Exercise		Contractual		Intrinsic
	Options		Price		Term		Value
					(In years)
Year Ended December 31, 2012
Outstanding at December 31, 2011		3,432,188	$	1.23		6.8	$	2,839
Granted		50,000	$	0.37		9.5
Exercised		-		-
Forfeited/expired		-		-
Outstanding at December 31, 2012		3,482,188	$	1.22		5.8	$	5,339
Vested and expected to vest December 31, 2012		3,482,188	$	1.22		5.8	$	5,339
Exercisable at December 31, 2012		181,771	$	0.32		7.0	$	4,130

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

A summary of options outstanding and exercisable as of December 31, 2014:

		Options Outstanding						Options Exercisable
				Weighted
				Average		Weighted				Weighted
		Number		Remaining		Average		Number		Average
Exercise Prices		Outstanding		Contractual Life		Exercise Price		Exercisable		Exercise Price
				(Years)
$	0.30		50,000		3.9	$	0.30		50,000	$	0.30
$	0.33		100,000		6.5	$	0.33		89,583	$	0.33
$	0.39		25,000		7.8	$	0.39		25,000	$	0.39
$	0.46		2,152,778		8.6	$	0.46		1,756,945	$	0.46
$	0.53		20,000		6.1	$	0.53		18,333	$	0.53
$	0.90		270,000		3.3	$	0.90		270,000	$	0.90
$	1.40		2,500,000		3.8	$	1.40		2,500,000	$	1.40
$	1.95		25,000		8.8	$	1.95		25,000	$	1.95
$	1.96		25,000		9.8	$	1.96		-		-
$	2.28		15,000		9.7	$	2.28		-		-
$	2.37		15,000		9.7	$	2.37		-		-
$	2.40		150,000		9.3	$	2.40		-		-
$	2.42		5,000		9.7	$	2.42		-		-
$	2.71		50,000		9.3	$	2.71		-		-
$	4.30		25,000		9.1	$	4.30		-		-
			5,427,778		6.0	$	1.03		4,734,861	$	0.99

Warrant [Member]

Schedule of Share-based Compensation, Stock Options, Activity

Warrant activity under the Plan for the year ended December 31, 2014, was as follows:

					Weighted
			Weighted-		Average
			Average		Remaining		Aggregate
			Exercise		Contractual		Intrinsic
	Warrants		Price		Term		Value
					(In years)
Year Ended December 31, 2014
Outstanding at December 31, 2013		10,000	$	0.90		4.3	$	31,000
Granted		-		-
Exercised		-		-
Forfeited/expired		-		-
Outstanding at December 31, 2014		10,000	$	0.90		3.3	$	17,600
Vested and expected to vest December 31, 2014		10,000	$	0.90		3.3	$	17,600
Exercisable at December 31, 2014		10,000	$	0.90		3.3	$	17,600

Warrant activity under the Plan for the year ended December 31, 2013, was as follows:

					Weighted
			Weighted-		Average
			Average		Remaining		Aggregate
			Exercise		Contractual		Intrinsic
	Warrants		Price		Term		Value
					(In years)
Year Ended December 31, 2013
Outstanding at December 31, 2012		85,620	$	0.90		0.9	$	-
Granted		-		-
Exercised		-		-
Forfeited/expired		(75,620)		0.90
Outstanding at December 31, 2013		10,000	$	0.90		4.3	$	31,000
Vested and expected to vest December 31, 2013		10,000	$	0.90		4.3	$	31,000
Exercisable at December 31, 2013		10,000	$	0.90		4.3	$	31,000

Warrant activity under the Plan for the year ended December 31, 2012, was as follows:

					Weighted
			Weighted-		Average
			Average		Remaining		Aggregate
			Exercise		Contractual		Intrinsic
	Warrants		Price		Term		Value
					(In years)
Year Ended December 31, 2012
Outstanding at December 31, 2011		85,620	$	0.90		1.9	$	-
Granted		-
Exercised		-
Forfeited/expired		-
Outstanding at December 31, 2012		85,620	$	0.90		0.9	$	-
Vested and expected to vest December 31, 2012		85,620	$	0.90		0.9	$	-
Exercisable at December 31, 2012		-		-		-		-

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

A summary of warrants outstanding and exercisable as of December 31, 2014:

		Warrants Outstanding						Warrants Exercisable
				Weighted
				Average		Weighted				Weighted
Range of Exercise		Number		Remaining		Average		Number		Average
Prices		Outstanding		Contractual Life		Exercise Price		Exercisable		Exercise Price
				(Years)
$	0.90		10,000		3.3	$	0.90		10,000	$	0.90
			10,000		3.3	$	0.90		10,000	$	0.90