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Share-based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
We estimated the fair value of each option award at the grant date by using the Black-Scholes option pricing model with the following range of assumptions for awards made during the years ended December 31, 2014 and 2013:
 
 
 
2014
 
2013
 
 
 
 
 
 
 
Dividend yield
 
0
%
0
%
Expected volatility, in years
 
90
%
90
%
Risk-free interest rates
 
1.5
%
1.4% to 2.8
%
Expected lives, in years
 
5
 
5 to 10
 
Stock Option Activity
The following table summarizes our stock option activity for the periods presented:
 
 
 
 
 
Weighted-
 
 
 
Number
 
Average
 
 
 
of Shares
 
Exercise
 
 
 
Issuable
 
Price
 
Balance, January 1, 2013
 
5,710,125
 
$
1.10
 
Granted
 
3,085,000
 
 
0.54
 
Exercised
 
(2,500)
 
 
0.88
 
Cancelled
 
(1,290,204)
 
 
0.36
 
Balance, December 31, 2013
 
7,502,421
 
$
1.00
 
Granted
 
175,000
 
 
0.84
 
Exercised
 
(186,225)
 
 
0.88
 
Cancelled
 
(3,363,068)
 
 
0.96
 
Balance, December 31, 2014
 
4,128,128
 
$
1.04
 
Options Outstanding
The following table summarizes options outstanding at December 31, 2014:
 
 
 
 
 
Weighted-
 
Weighted-
 
 
 
 
 
Number
 
Average
 
Average
 
Aggregate
 
 
 
of Shares
 
Exercise
 
Remaining
 
Intrinsic
 
 
 
Issuable
 
Price
 
Term (Years)
 
Value
 
Exercisable
 
3,438,128
 
$
1.03
 
2.5
 
$
3,000
 
Not vested
 
690,000
 
 
1.06
 
3.4
 
 
-
 
Balance, December 31, 2014:
 
4,128,128
 
$
1.04
 
2.7
 
$
3,000
 
Schedule of Stockholders' Equity Note, Warrants or Rights
The following table sets forth our warrant activity during the periods presented:
 
 
 
 
Weighted-
 
 
Number
 
Average
 
 
of Shares
 
Exercise
 
 
Issuable
 
Price
 
Balance, January 1, 2013
 
27,353,151
 
$
0.79
 
Granted
 
14,875,004
 
 
0.60
 
Cancelled
 
(632,500)
 
 
1.56
 
Balance, December 31, 2013
 
41,595,655
 
$
0.69
 
Granted
 
7,435,901
 
 
0.67
 
Cancelled pursuant to Tender Offer
 
(46,276,774)
 
 
0.67
 
Exercised
 
(155,568)
 
 
0.60
 
Cancelled
 
(1,433,068)
 
 
0.87
 
Balance, December 31, 2014
 
1,166,146
 
$
1.13