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Stock Options (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The Company granted options to purchase 6,000 and 20,500 shares of common stock during the years ended December 31, 2015 and 2014. The weighted average fair value per option at the date of grant for options granted in the years ended December 31, 2015 and 2014 was $4.06 and $10.34, respectively, as valued using the Black-Scholes option-pricing model with the following weighted average assumptions:

 

        Twelve Months Ended December 31,
        2015   2014
Risk-free interest rate       2.00 %   2.18 %
Expected dividend yield       0.00 %   0.00 %
Expected volatility       0.66      0.65   
Expected term (in years)       7.00      7.00   
Schedule of Share-based Compensation, Stock Options, Activity

The following table summarizes certain information regarding stock option activity:

 

        Options
    Total
Reserved
  Outstanding   Weighted Avg
Exercise Price
  Range of
Exercise Prices
Balances at December 31, 2013   387,208     131,164     $13.24   $2.70 - $30.55
Granted       20,500     $10.34   $11.27 - $11.39
Exercised   (1,839)   (1,839)   $6.25   $2.70 - $7.50
Forfeited or expired       (2,120)   $21.22   $19.95 - $21.30
Balances at December 31, 2014   385,369     147,705     $13.24   $2.70 - $30.55
Granted       6,000     $6.34   $6.34 - $6.34
Forfeited or expired       (7,400)   $30.27   $29.50 - $30.55
Balances at December 31, 2015   385,369     146,305     $13.24   $2.70 - $18.22
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding

The number of shares of common stock underlying options exercisable at December 31, 2015 was 110,805. The weighted-average remaining contractual life of those options is 5.08 years. Exercise prices on options outstanding at December 31, 2015, ranged from $2.70 to $19.99 per share as noted in the following table.

 

Options Outstanding at December 31,    
2015   2014   Range of
Exercise Prices
19,189   13,189   $   2.70 - $   9.99
103,616   103,616   $ 10.00 - $ 14.99
23,500   23,500   $ 15.00 - $ 19.99
--   7,400   $ 20.00 - $ 30.55
146,305   147,705