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Stock-based Compensation (Tables)
9 Months Ended
Sep. 30, 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 nine months ended September 30, 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

 

 

(149,850

)

 

$

0.45

 

Outstanding at September 30, 2017

 

 

5,059,350

 

 

$

0.95

 

 

 

 

 

 

 

 

 

 

Options exercisable at September 30, 2017

 

 

1,912,500

 

 

$

1.82

 

 

Schedule of Changes in Restricted Stock Awards

The following summarizes the changes in restricted stock awards for the nine months ended September 30, 2017:

 

 

 

Restricted

Stock

Awards

 

 

Weighted

Average Grant

Date Fair Value

Per Share

 

Unvested awards at December 31, 2016

 

 

37,500

 

 

$

0.38

 

Vested

 

 

(37,500

)

 

$

0.38

 

Unvested awards at September 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested awards at September 30, 2017

 

 

262,500

 

 

$

0.38