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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Share-based Compensation Arrangement by Share-based Payment Award Options and Warrants Vested and Expected to Vest Outstanding and Exercisable [Table Text Block]
The Black-Scholes assumptions used in the three and six months ended June 30, 2015 and 2014 are as follows:
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
 
2015
 
2014
 
2015
 
2014
 
Exercise price
 
$2.04 - $2.73
 
$2.52 - $2.91
 
$1.54 - $2.73
 
$2.52 - $2.91
 
Expected dividends
 
0%
 
0%
 
0%
 
0%
 
Expected volatility
 
88% - 128%
 
106% - 150%
 
88% - 131%
 
106% - 150%
 
Risk free interest rate
 
1.32% - 2.19%
 
1.73% - 2.73%
 
1.32% - 2.19%
 
1.57% - 2.73%
 
Expected life of option
 
5 years - 10 years
 
5 years - 10 years
 
5 years - 10 years
 
5 years - 10 years
 
Expected forfeitures
 
0%
 
0%
 
0%
 
0%
 
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
A summary of stock option activities as of June 30, 2015, and for the year ended December 31, 2014, is as follows:
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
Average
 
 
 
 
 
 
 
Weighted
 
Remaining
 
Aggregate
 
 
 
 
 
Average Exercise
 
Contractual
 
Intrinsic
 
 
 
Options
 
Price
 
Life
 
Value
 
 
 
 
 
 
 
 
 
 
 
Balance - December 31, 2013
 
3,909,580
 
$
1.78
 
5.59 years
 
$
785,000
 
Granted
 
2,382,500
 
$
2.36
 
 
 
 
 
 
Exercised
 
(6,583)
 
$
0.58
 
 
 
 
 
 
Forfeited
 
(304,391)
 
$
1.93
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance - December 31, 2014
 
5,981,106
 
$
2.01
 
5.80 years
 
$
685,000
 
Granted
 
1,800,000
 
$
2.00
 
 
 
 
 
 
Exercised
 
(10,842)
 
$
0.09
 
 
 
 
 
 
Forfeited
 
(302,502)
 
$
1.92
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance – June 30, 2015 - outstanding
 
7,467,762
 
$
2.01
 
5.79 years
 
$
6,319,000
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance – June 30, 2015 - exercisable
 
4,515,532
 
$
1.92
 
5.51 years
 
$
4,283,000
 
Grant date fair value of options granted - June 30, 2015
 
 
 
$
3,245,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average grant date fair value - June 30, 2015
 
 
 
$
1.80
 
 
 
 
 
 
Grant date fair value of options granted - December 31, 2014
 
 
 
$
4,974,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average grant date fair value - December 31, 2014
 
 
 
$
2.09