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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2015 and 2014 are as follows:
  
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2015
 
2014
 
2015
 
2014
Exercise price
 
-
 
$1.71 - $1.78
 
$1.54 - $2.73
 
$1.71 - $2.91
Expected dividends
 
-
 
0%
 
0%
 
0%
Expected volatility
 
-
 
101% - 107%
 
88% - 131%
 
101% - 150%
Risk free interest rate
 
-
 
1.62% - 1.78%
 
1.32% - 2.19%
 
1.62% - 1.78%
Expected life of option
 
-
 
5 years
 
5 years - 10 years
 
5 years - 10 years
Expected forfeitures
 
-
 
0%
 
0%
 
0%
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
A summary of stock option activities as of September 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
 
 
(18,342)
 
$
0.81
 
 
 
 
 
 
Expired
 
 
(8,333)
 
$
2.73
 
 
 
 
 
 
Forfeited
 
 
(302,502)
 
$
1.92
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance - September 30, 2015 - outstanding
 
 
7,451,929
 
$
2.01
 
5.27 years
 
$
2,732,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance - September 30, 2015 - exercisable
 
 
4,812,626
 
$
1.93
 
4.14 years
 
$
2,104,000
 
Grant date fair value of options granted - September 30, 2015
 
 
 
 
$
3,245,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average grant date fair value - September 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