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Stock Options and Warrants (Tables)
6 Months Ended
Jun. 30, 2016
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, 2016 and 2015:
 
 
 
Six month ended
 
 
 
June 30, 2016
 
June 30, 2015
 
Volatility
 
62% - 66%
 
63% - 64%
 
Expected term (years)
 
10 years
 
10 years
 
Risk-free interest rate
 
1.57% - 1.94%
 
1.92% – 2.33%
 
Dividend yield
 
0%
 
0%
 
Warrant [Member]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
Warrant activity during the six months ended June 30, 2016 and the six months ended June 30, 2015 is summarized as follows:
 
 
 
Six month ended June 30, 2016
 
 
Six months ended June 30, 2015
 
 
 
Shares
 
Weighted
Average
Exercise
Price
 
Aggregate
Intrinsic
Value as of
June 30,
2016
 
 
Shares
 
Weighted
Average
Exercise
Price
 
Aggregate
Intrinsic
Value as of
June 30, 2015
 
Warrants outstanding at beginning of period
 
 
2,385,000
 
$
0.17
 
 
 
 
 
 
3,303,000
 
$
0.17
 
 
 
 
Granted
 
 
0
 
 
NA
 
 
 
 
 
 
0
 
 
NA
 
 
 
 
Exercised
 
 
0
 
 
NA
 
 
 
 
 
 
0
 
 
NA
 
 
 
 
Cancelled/expired
 
 
0
 
 
NA
 
 
 
 
 
 
0
 
 
NA
 
 
 
 
Warrants outstanding at end of period
 
 
2,385,000
 
$
0.17
 
$
0
 
 
 
3,303,000
 
$
0.17
 
$
0
 
Warrants exercisable at end of period
 
 
2,385,000
 
$
0.17
 
 
 
 
 
 
3,303,000
 
$
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, 2016 and the six months ended June 30, 2015 is summarized as follows (the figures contained within the tables below have been rounded to the nearest thousand):
 
 
 
Six months ended June 30, 2016
 
 
Six months ended June 30, 2015
 
 
 
Shares
 
Weighted
Average
Exercise
Price
 
Aggregate
Intrinsic
Value as of
June 30,
2016
 
 
Shares
 
Weighted
Average
Exercise
Price
 
Aggregate
Intrinsic
Value as of
June 30, 2015
 
Options outstanding at beginning of period
 
 
1,435,000
 
$
0.14
 
 
 
 
 
 
1,295,000
 
$
0.23
 
 
 
 
Granted
 
 
830,000
 
$
0.11
 
 
 
 
 
 
340,000
 
$
0.12
 
 
 
 
Exercised
 
 
0
 
 
NA
 
 
 
 
 
 
0
 
 
NA
 
 
 
 
Cancelled/expired
 
 
(78,000)
 
$
0.18
 
 
 
 
 
 
(88,000)
 
$
0.95
 
 
 
 
Options outstanding at end of period
 
 
2,187,000
 
$
0.13
 
$
16,000
 
 
 
1,547,000
 
$
0.19
 
$
9,000
 
Options exercisable at end of period
 
 
1,189,000
 
$
0.14
 
 
 
 
 
 
1,105,000
 
$
0.22