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Stock-Based Compensation and Plans (Tables)
12 Months Ended
Dec. 31, 2015
Schedule of Share-based Compensation, Stock Options, Activity
Option activity under the Plan for the year ended December 31, 2015, was as follows:
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
Weighted-
 
Average
 
 
 
 
 
 
 
Average
 
Remaining
 
Aggregate
 
 
 
 
 
Exercise
 
Contractual
 
Intrinsic
 
 
 
Options
 
Price
 
Term
 
Value
 
 
 
 
 
 
 
(In years)
 
 
 
Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at December 31, 2014
 
 
5,427,778
 
$
1.03
 
 
6.0
 
$
8,829,412
 
Granted
 
 
349,000
 
 
1.46
 
 
9.3
 
 
 
 
Exercised
 
 
-
 
 
-
 
 
 
 
 
 
 
Forfeited/expired
 
 
(25,000)
 
 
2.71
 
 
 
 
 
 
 
Outstanding at December 31, 2015
 
 
5,751,778
 
$
1.05
 
 
5.3
 
$
1,972,395
 
Vested and expected to vest December 31, 2015
 
 
5,665,871
 
$
1.04
 
 
5.2
 
$
1,971,858
 
Exercisable at December 31, 2015
 
 
5,078,611
 
$
1.00
 
 
4.9
 
$
1,838,928
 
 
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
 
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, 2015:
 
 
 
Options Outstanding
 
Options Exercisable
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
 
 
Average
 
Weighted
 
 
 
Weighted
 
Range of
 
Number
 
Remaining
 
Average
 
Number
 
Average
 
Exercise Prices
 
Outstanding
 
Contractual Life
 
Exercise Price
 
Exercisable
 
Exercise Price
 
 
 
 
 
(Years)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
0.00-1.00
 
 
2,617,778
 
 
6.9
 
$
0.50
 
 
2,451,111
 
$
0.50
 
$
1.01-2.00
 
 
2,899,000
 
 
3.7
 
$
1.42
 
 
2,550,000
 
$
1.41
 
$
2.01-3.00
 
 
210,000
 
 
8.4
 
$
2.43
 
 
52,500
 
$
2.43
 
$
3.01-4.30
 
 
25,000
 
 
8.1
 
$
4.30
 
 
25,000
 
$
4.30
 
 
 
 
 
5,751,778
 
 
5.3
 
$
1.05
 
 
5,078,611
 
$
1.00
 
Warrant [Member]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
For stock option and compensation-based warrants granted during 2015, 2014 and 2013 the following weighted average assumptions were used in determining fair value:
 
 
 
2015
 
 
2014
 
 
2013
 
Risk-free interest rate
 
 
1.65
%
 
 
2.12
%
 
 
1.58
%
Expected volatility
 
 
138
%
 
 
174
%
 
 
189
%
Expected term in years
 
 
6.1
 
 
 
6.7
 
 
 
5.8
 
Dividend yield
 
 
-
%
 
 
-
%
 
 
-
%
Schedule of Share-based Compensation, Stock Options, Activity
Warrant activity under the Plan for the year ended December 31, 2015, was as follows:
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
Weighted-
 
Average
 
 
 
 
 
 
 
Average
 
Remaining
 
Aggregate
 
 
 
 
 
Exercise
 
Contractual
 
Intrinsic
 
 
 
Warrants
 
Price
 
Term
 
Value
 
 
 
 
 
 
 
(In years)
 
 
 
Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at December 31, 2014
 
 
10,000
 
$
0.90
 
 
3.3
 
$
17,600
 
Granted
 
 
-
 
 
-
 
 
 
 
 
 
 
Exercised
 
 
-
 
 
-
 
 
 
 
 
 
 
Forfeited/expired
 
 
-
 
 
-
 
 
 
 
 
 
 
Outstanding at December 31, 2015
 
 
10,000
 
$
0.90
 
 
2.3
 
$
3,500
 
Vested and expected to vest December 31, 2015
 
 
10,000
 
$
0.90
 
 
2.3
 
$
3,500
 
Exercisable at December 31, 2015
 
 
10,000
 
$
0.90
 
 
2.3
 
$
3,500
 
 
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
 
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, 2015:
 
 
 
Warrants Outstanding
 
Warrants Exercisable
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
 
 
Average
 
Weighted
 
 
 
Weighted
 
 
 
Number
 
Remaining
 
Average
 
Number
 
Average
 
Exercise Price
 
Outstanding
 
Contractual Life
 
Exercise Price
 
Exercisable
 
Exercise Price
 
 
 
 
 
(Years)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
0.90
 
 
10,000
 
 
2.3
 
$
0.90
 
 
10,000
 
$
0.90
 
 
 
 
 
10,000
 
 
2.3
 
$
0.90
 
 
10,000
 
$
0.90