XML 36 R25.htm IDEA: XBRL DOCUMENT v3.3.1.900
Stock Option Plans and Warrants to Purchase Common Stock (Tables)
12 Months Ended
Dec. 31, 2015
Equity Incentive Plan [Member]  
Share-based Compensation Arrangement by Share-based Payment Award  
Summary of option and warrant activity

  December 31, 
  2015  2014 
Shares available for grant at plan approval  3,000,000   - 
  Options granted  (477,000)  - 
         
Shares available for grant at end of year  2,523,000   -
Share Based Compensation [Member]  
Share-based Compensation Arrangement by Share-based Payment Award  
Summary of option and warrant activity

Share-based Compensation 2015  2014 
Research and Development $260,204  $308,847 
General and Administrative  394,277   411,303 
Total $654,481  $720,150
Stock options [Member]  
Share-based Compensation Arrangement by Share-based Payment Award  
Summary of option and warrant activity

  Options  

Weighted Average

Options Exercise Price

 
Balance at December 31, 2013  2,051,511  $2.63 
  Granted  637,495   1.79 
  Exercised  (36,672)  0.77 
  Forfeited  (164,055)  3.13 
Balance at December 31, 2014  2,488,279  $2.40 
  Granted  605,340   1.19 
  Exercised  (33,125)  0.58 
  Forfeited  (291,882)  3.13 
Balance at December 31, 2015  2,768,612  $2.13
Weighted-average range of exercise prices for options and warrants outstanding and exercisable

Price

Range

 

Weighted Average Remaining

Contractual Life in Years

  

Outstanding

Options

  

Exercisable

Options

 
$0.30-$2.20  8.03   2,170,838   1,484,425 
$2.26-$4.10  5.36   174,774   174,774 
$4.64-$9.40  3.22   423,000   423,000 
Total  7.28   2,768,612   2,082,199
Warrant [Member]  
Share-based Compensation Arrangement by Share-based Payment Award  
Summary of option and warrant activity

  Warrants  

Weighted Average

Warrant Exercise Price

 
Balance at December 31, 2013  8,156,526  $2.17 
  Granted  1,169,318   1.48 
  Exercised  (586,081)  1.65 
  Expired  (1,470,263)  3.49 
Balance at December 31, 2014  7,269,500  $1.15 
  Exercised  (1,746,429)  0.64 
  Expired  (596,952)  5.59 
Balance at December 31, 2015  4,926,119  $0.74
Weighted-average range of exercise prices for options and warrants outstanding and exercisable

Price 

Range

 Weighted Average Remaining Contractual Life in Years  

Outstanding

Warrants

  Exercisable Warrants 
$.51-$0.53  2.4   3,811,801   3,811,801 
$1.48-$2.05  4.0   1,114,318   1,114,318 
Total  2.7   4,926,119   4,926,119