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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2016
Class Of Stock [Line Items]  
Schedule of Assumptions for Fair Value of Option Grant

In connection with the stock option grants during 2016 and 2015, the fair value of each option grant was estimated on the date of the grant using the Black-Scholes option pricing model with the following assumptions:

 

 

 

2016

 

 

2015

 

Risk-free interest rate

 

1% - 2%

 

 

0.99%

 

Expected life (years)

 

 

6.75

 

 

 

4.75

 

Expected volatility

 

94% - 99%

 

 

 

94%

 

Expected dividend yield

 

Zero

 

 

Zero

 

 

Schedule of Changes in Common Stock Options

The following summarizes the changes in common stock options for 2016 and 2015:

 

 

 

2016

 

 

2015

 

 

 

Options

 

 

Weighted

Average

Exercise

Price

 

 

Options

 

 

Weighted

Average

Exercise

Price

 

Outstanding at beginning of year

 

 

2,175,000

 

 

$

1.70

 

 

 

2,165,000

 

 

$

1.71

 

Granted

 

 

3,259,200

 

 

$

0.45

 

 

 

50,000

 

 

$

0.42

 

Exercised

 

 

(40,000

)

 

$

0.12

 

 

 

 

 

N/A

 

Expired

 

 

(20,000

)

 

$

0.15

 

 

 

(40,000

)

 

$

0.90

 

Forfeited

 

 

(205,000

)

 

$

0.92

 

 

 

 

 

N/A

 

Outstanding at end of year

 

 

5,169,200

 

 

$

0.96

 

 

 

2,175,000

 

 

$

1.70

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options exercisable at year end

 

 

1,847,500

 

 

$

1.86

 

 

 

1,743,750

 

 

$

1.78

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average fair value of options granted

   during the year

 

 

 

 

 

$

0.31

 

 

 

 

 

 

$

0.29

 

 

Schedule of Information about All Stock Options Outstanding

The following table summarizes information about all stock options outstanding at December 31, 2016:

 

Exercise price

 

Options

Outstanding

 

 

Weighted

Average

Remaining

Life (years)

 

 

Weighted

Average

Exercise

Price

 

 

Number

Exercisable

 

 

Weighted

Average

Remaining

Life (years)

 

 

Weighted

Average

Exercise

Price

 

$ 0.08 to $ 0.15

 

 

10,000

 

 

 

0.2

 

 

$

0.08

 

 

 

10,000

 

 

 

0.2

 

 

$

0.08

 

$ 0.24 to $ 0.40

 

 

40,000

 

 

 

9.3

 

 

$

0.24

 

 

 

 

 

 

 

 

$

 

$ 0.42 to $ 1.00

 

 

3,459,200

 

 

 

9.5

 

 

$

0.48

 

 

 

177,500

 

 

 

3.4

 

 

$

0.92

 

$ 1.83 to $ 2.00

 

 

1,660,000

 

 

 

1.8

 

 

$

1.97

 

 

 

1,660,000

 

 

 

1.8

 

 

$

1.97

 

 

 

 

5,169,200

 

 

 

7.0

 

 

$

0.96

 

 

 

1,847,500

 

 

 

2.0

 

 

$

1.86

 

 

Schedule of Changes in Restricted Stock Awards

The following summarizes the changes in restricted stock awards for the year ended December 31, 2016:

 

 

 

Restricted Stock Awards

 

 

Weighted

Average

Grant Date

Fair Value

 

Unvested at December 31, 2015

 

 

150,000

 

 

$

0.38

 

Forfeited

 

 

(37,500

)

 

$

0.38

 

Vested

 

 

(75,000

)

 

$

0.38

 

Unvested at December 31, 2016

 

 

37,500

 

 

$

0.38

 

 

 

 

 

 

 

 

 

 

Vested at December 31, 2016

 

 

225,000

 

 

$

0.38

 

 

Other Options Issued [Member]  
Class Of Stock [Line Items]  
Schedule of Stock Options and Other Stock Options Issued

 

Other Options

 

2016

 

 

2015

 

Options outstanding, beginning of year

 

 

625,000

 

 

 

625,000

 

Options granted

 

 

 

 

 

 

Options forfeited

 

 

 

 

 

 

Options outstanding, end of year

 

 

625,000

 

 

 

625,000

 

 

2003 Stock Option and Appreciation Rights Plan [Member]  
Class Of Stock [Line Items]  
Schedule of Stock Options and Other Stock Options Issued

 

2003 Plan

 

2016

 

 

2015

 

Options outstanding, beginning of year

 

 

1,170,000

 

 

 

1,210,000

 

Options forfeited

 

 

(115,000

)

 

 

 

Options exercised

 

 

(40,000

)

 

 

 

Options expired

 

 

(20,000

)

 

 

(40,000

)

Options outstanding, end of year

 

 

995,000

 

 

 

1,170,000

 

 

2010 Non-Qualified Stock Option Plan [Member]  
Class Of Stock [Line Items]  
Schedule of Stock Options and Other Stock Options Issued

 

2010 Plan

 

2016

 

 

2015

 

Options outstanding, beginning of year

 

 

150,000

 

 

 

100,000

 

Options granted

 

 

720,000

 

 

 

50,000

 

Options forfeited

 

 

(90,000

)

 

 

 

Options outstanding, end of year

 

 

780,000

 

 

 

150,000

 

 

Equity Partners Stock Option Plan [Member]  
Class Of Stock [Line Items]  
Schedule of Stock Options and Other Stock Options Issued

 

Equity Partners Plan

 

2016

 

 

2015

 

Options outstanding, beginning of year

 

 

230,000

 

 

 

230,000

 

Options granted

 

 

 

 

 

 

Options forfeited

 

 

 

 

 

 

Options outstanding, end of year

 

 

230,000

 

 

 

230,000

 

 

2016 Stock Option Plan [Member]  
Class Of Stock [Line Items]  
Schedule of Stock Options and Other Stock Options Issued

 

2016 Plan

 

2016

 

 

2015

 

Options outstanding, beginning of year

 

 

 

 

 

 

Options granted

 

 

2,539,200

 

 

 

 

Options forfeited

 

 

 

 

 

 

Options outstanding, end of year

 

 

2,539,200