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Stock Options and Warrants (Tables)
6 Months Ended
Jun. 30, 2015
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The following table summarizes weighted-average assumptions using the Black-Scholes option-pricing model used on the date of the grants issued during the six months ended June 30, 2015 and the six months ended June 30, 2014:
 
 
 
Six months ended
 
 
 
2015
 
2014
 
Volatility
 
63% - 64%
 
73%
 
Expected term (years)
 
10
 
10
 
Risk-free interest rate
 
1.92% - 2.33%
 
2.64%
 
Dividend yield
 
0%
 
0%
 
Warrant [Member]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
Warrant activity for the six months ended June 30, 2015 and the six months ended June 30, 2014 is summarized as follows (the figures contained within the tables below have been rounded to the nearest thousand):
 
 
 
Six months ended June 30, 2015
 
Six months ended June 30, 2014
 
 
 
Shares
 
Weighted
Average
Exercise
Price
 
Aggregate
Intrinsic
Value as of
March 31,
2015
 
Shares
 
Weighted
Average
Exercise
Price
 
Aggregate
Intrinsic
Value as of
March 31,
2014
 
Warrants outstanding at beginning of period
 
 
3,303,000
 
$
0.17
 
 
 
 
 
3,224,000
 
$
0.17
 
 
 
 
Granted
 
 
0
 
 
NA
 
 
 
 
 
0
 
 
NA
 
 
 
 
Exercised
 
 
0
 
 
NA
 
 
 
 
 
0
 
 
NA
 
 
 
 
Cancelled/expired
 
 
0
 
 
NA
 
 
 
 
 
0
 
 
NA
 
 
 
 
Warrants outstanding at end of period
 
 
3,303,000
 
$
0.17
 
$
0
 
 
3,224,000
 
$
0.17
 
$
0
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Warrants exercisable at end of period
 
 
3,303,000
 
$
0.17
 
 
 
 
 
3,224,000
 
$
0.17
 
 
 
 
Employee Stock Option [Member]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
Stock option activity for the six months ended June 30, 2015 and the six months ended June 30, 2014 is summarized as follows (the figures contained within the tables below have been rounded to the nearest thousand):
 
 
 
Six months ended June 30, 2015
 
Six months ended June 30, 2014
 
 
 
Shares
 
Weighted
Average
Exercise
Price
 
Aggregate
Intrinsic
Value as of
June 30,
2015
 
Shares
 
Weighted
Average
Exercise
Price
 
Aggregate
Intrinsic
Value as of
June 30,
2014
 
Options outstanding at beginning of period
 
 
1,295,000
 
$
0.23
 
 
 
 
 
3,316,000
 
$
0.43
 
 
 
 
Granted
 
 
340,000
 
$
0.12
 
 
 
 
 
80,000
 
$
0.12
 
 
 
 
Exercised
 
 
0
 
 
NA
 
 
 
 
 
0
 
 
NA
 
 
 
 
Cancelled/expired
 
 
(88,000)
 
$
0.95
 
 
 
 
 
(817,000)
 
$
1.07
 
 
 
 
Options outstanding at end of period
 
 
1,547,000
 
$
0.19
 
$
9,000
 
 
2,579,000
 
$
0.23
 
$
9,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Options exercisable at end of period
 
 
1,105,000
 
$
0.22
 
 
 
 
 
2,197,000
 
$
0.24