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Stock-based Compensation (Tables)
3 Months Ended
Mar. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Changes in Common Stock Options

The following summarizes the changes in common stock options for the three months ended March 31, 2017:

 

 

 

Options

 

 

Weighted

Average

Exercise

Price

 

Outstanding at December 31, 2016

 

 

5,169,200

 

 

$

0.96

 

Granted

 

 

50,000

 

 

$

0.48

 

Exercised

 

 

(10,000

)

 

$

0.08

 

Forfeited

 

 

(10,350

)

 

$

0.45

 

Outstanding at March 31, 2017

 

 

5,198,850

 

 

$

0.95

 

 

 

 

 

 

 

 

 

 

Options exercisable at March 31, 2017

 

 

1,895,000

 

 

$

1.83

 

 

Schedule of Changes in Restricted Stock Awards

The following summarizes the changes in restricted stock awards for the three months ended March 31, 2017:

 

 

 

Restricted

Stock

Awards

 

 

Weighted

Average Grant

Date Fair Value

Per Share

 

Unvested Awards at December 31, 2016

 

 

37,500

 

 

$

0.38

 

Granted

 

 

 

 

 

 

Vested

 

 

 

 

 

 

Unvested awards at March 31, 2017

 

 

37,500

 

 

$

0.38

 

 

 

 

 

 

 

 

 

 

Vested awards at March 31, 2017

 

 

225,000

 

 

$

0.38