Share-based Compensation (Tables)

3 Months Ended

Mar. 31, 2015

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock Option Activity

The following table summarizes our stock option activity for the three months ended March 31, 2015:

			Weighted-
	Number		Average
	of Shares		Exercise
	Issuable		Price
Balance, January 1, 2015		4,128,128	$	1.04
Granted		3,300,000		0.30
Exercised		-		-
Cancelled		(128,128)		1.01
Balance, March 31, 2015		7,300,000	$	0.70

Options Outstanding

The following table summarizes options outstanding at March 31, 2015:

					Weighted-
			Weighted-		Average
	Number		Average		Remaining		Aggregate
	of Shares		Exercise		Term		Intrinsic
	Issuable		Price		(Years)		Value
Exercisable		3,310,000	$	1.03		2.4	$	-
Not vested		3,990,000		0.43		4.7		33,000
Balance, March 31, 2015		7,300,000	$	0.70		3.6	$	33,000

Schedule of Stockholders' Equity Note, Warrants or Rights

The following table sets forth our warrant activity during the three months ended March 31, 2015:

			Weighted-
	Number		Average
	of Shares		Exercise
	Issuable		Price
Balance, January 1, 2015		1,166,146	$	1.13
Granted		-		-
Exercised		-		-
Expired		(76,808)		0.70
Balance, March 31, 2015		1,089,338	$	1.16

The following table sets forth the warrants outstanding at March 31, 2015:

			Weighted-
	Number		Average
	of Shares		Exercise
	Issuable		Price
10% convertible debenture - bonus warrants		33,334	$	0.60
10% convertible preferred stock – warrants		580,000		1.00
Consultants		476,004		1.39
Total		1,089,338	$	1.16