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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Fair Value Assumptions used in valuing Stock Options

 

      Nine Months Ended September 30,  
      2015       2014  
Volatility     29% - 39 %     73% - 76 %
Risk-free interest rate     1.31% - 2.10 %     1.76% - 1.93 %
Expected term     6.25 - 8.68 years       6.25 years  

Schedule of Stock Option Activity

The following summarizes stock option activity for the nine months ended September 30, 2015:

 

          Weighted     Weighted     Weighted  
          Average     Average     Average  
    Number of     Exercise     Fair     Remaining  
    Shares     Price     Value     Contractual Life  
Outstanding at December 31, 2014     805,840     $ 5.51     $ 3.47       8.6  
Granted at market price     392,000       5.61                  
Exercised     (34,325 )     4.09                  
Forfeited     (137,586 )     5.92                  
Outstanding at September 30, 2015     1,025,929       5.50       2.90       8.4  
Exercisable at September 30, 2015     290,818       5.21       3.21       7.3