Stockholders' (Deficit) Equity (Tables)

12 Months Ended

Dec. 31, 2015

Stockholders' Equity Note [Abstract]

The following table summarizes the stock option activity for the years ended December 31, 2015, 2014 and 2013:



	Common		Weighted Average Exercise Price
Balance at January 1, 2013	1,310,818		$	5.21
Exercised	(135,786	)	4.42
Cancelled	(30,548	)	6.33
Forfeited	(4,253	)	1.00
Balance at December 31, 2013	1,140,231		5.21
Exercised	(73,043	)	1.82
Cancelled	(34,567	)	12.56
Forfeited	(2,100	)	3.54
Balance at December 31, 2014	1,030,521		5.29
Granted	850,000		2.68
Exercised	(171,718	)	1.68
Cancelled	(313,934	)	8.61
Balance at December 31, 2015	1,394,869		$	3.40

Schedule of Stock Options Outstanding

The following table summarizes information about stock options outstanding and exercisable as of December 31, 2015:



	Options Outstanding				Options Exercisable
	Number of Options	Weighted- Average Remaining Contractual Life	Weighted- Average Exercise Price		Number of Options	Weighted- Average Exercise Price
Common
2006 grants	53,500	7 months	12.05		53,500	12.05
2007 grants	64,500	18 months	15.44		64,500	15.44
2008 grants	42,770	34 months	2.92		42,770	2.92
2009 grants	80,678	47 months	1.73		80,678	1.73
2010 grants	295,921	55 months	1.84		295,921	1.84
2011 grants	7,500	61 months	1.93		7,500	1.93
2015 grants	850,000	67 months	2.68		—	—
Total Grants	1,394,869	58 months	$	3.40	544,869	$	4.52

Schedule of Stock Option and Non-Restricted Stock Grants Issued

The below table indicates the non-restricted common stock grants issued to the Company’s Board of Directors during the year ended December 31, 2015 and 2014. The total fair value of the shares issued was expensed upon the grant dates.



Date	Number of Shares	Share Price	Grant Date Fair Value
January 16, 2014	21,248	11.53	245
February 2, 2015	35,764	6.85	245
March 24, 2015	31,845	6.28	200

Options granted during the year ended December 31, 2015 to employees of the Company were as follows:



Date	Number of Shares	Exercise Price		Grant Date Fair Value
August 19, 2015	700,000	$	2.61	$	1,827
October 12, 2015	50,000	$	2.95	148
October 19, 2015	100,000	$	3.04	304
	850,000			$	2,279

Schedule of Fair Value Inputs

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:



Common	Risk-Free Interest Rate		Expected Dividend Yield	Expected Term (Years)	Expected Volatility
2015 Grants	1.1	%	—	3.99	52.03	%

Schedule of Restricted Stock Grants

The following restricted stock grants were issued to employees of the Company during the year ended December 31, 2015.



Date	Number of Shares	Share Price		Grant Date Fair Value
March 2, 2015	207,000	$	6.68	$	1,383
August 19, 2015	300,000	$	2.61	783
Total	507,000			$	2,166

Included in the grants above were 300,000 shares of restricted stock issued to the Company's COO (“Non-Plan RSA”). These Non-Plan RSA were granted outside of any shareholder-approved plan as an inducement to accept employment with the Company. The fair value of the Non-Plan RSA was $2.61 per share, representing the closing stock price on the date of grant. These shares will vest in three equal installments on each of the first three anniversaries of the date of grant.

The following table summarizes the restricted stock activity for the year ended December 31, 2015.



	Number of Shares		Weighted Average Grant Date Fair Value
Balance as of January 1, 2013	367,612		$	10.72
Granted	178,500		9.33
Vested	(98,692	)	10.39
Forfeited	(84,249	)	10.92
Balance as of December 31, 2013	363,171		10.08
Granted	196,500		8.47
Vested	(116,890	)	9.82
Forfeited	(41,247	)	9.92
Balance as of December 31, 2014	401,534		9.38
Granted	507,000		4.27
Vested	(133,874	)	9.20
Forfeited	(249,790	)	8.19
Balance as of December 31, 2015	524,870		$	5.06