Share-based Compensation (Tables)

9 Months Ended

Sep. 30, 2015

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock Option Activity

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

			Weighted-
	Number		Average
	of Shares		Exercise
	Issuable		Price
Balance, January 1, 2015		4,128,128	$	1.04
Granted		3,900,000		0.10
Exercised		-		-
Cancelled		(488,128)		0.57
Balance, September 30, 2015		7,540,000	$	0.20

Options Outstanding

The following table summarizes options outstanding at September 30, 2015:

					Weighted-
			Weighted-		Average
	Number		Average		Remaining		Aggregate
	of Shares		Exercise		Term		Intrinsic
	Issuable		Price		(Years)		Value
Exercisable		7,010,000	$	0.21		3.4	$	-
Not vested		530,000		0.10		2.5		-
Balance, September 30, 2015		7,540,000	$	0.20		3.3	$	-

Schedule of Stockholders' Equity Note, Warrants or Rights

The following table sets forth our warrant activity during the nine months ended September 30, 2015:

			Weighted-
	Number		Average
	of Shares		Exercise
	Issuable		Price
Balance, January 1, 2015		1,166,146	$	1.13
Granted		-		-
Exercised		-		-
Expired		(355,313)		1.17
Balance, September 30, 2015		810,833	$	1.11

The following table sets forth the warrants outstanding at September 30, 2015:

			Weighted-
	Number		Average
	of Shares		Exercise
	Issuable		Price
10% convertible preferred stock – warrants		580,000		1.00
Consultants		230,833		1.39
Total		810,833	$	1.11