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Stock Options and Warrants (Tables)
6 Months Ended
Jun. 30, 2017
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, 2017 and June 30, 2016:
 
 
 
Six months ended
 
 
 
2017
 
2016
 
Volatility
 
81%
 
62% - 66%
 
Expected term (years)
 
10 years
 
10 years
 
Risk-free interest rate
 
2.16%
 
1.57% - 1.94%
 
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, 2017 and June 30, 2016 is summarized as follows:
 
 
 
Six months ended June 30, 2017
 
Six months ended June 30, 2016
 
 
 
 
 
 
 
Aggregate
 
 
 
 
 
 
 
 
 
 
 
 
 
Intrinsic Value as of June 30,
 
 
 
 
 
Aggregate Intrinsic Value as of 
 
 
 
Shares
 
Weighted Average Exercise Price
 
2017
 
Shares
 
Weighted Average Exercise Price
 
June 30, 2016
 
Warrants outstanding at beginning of period
 
 
2,060,000
 
$
0.18
 
 
 
 
2,385,000
 
$
0.17
 
 
 
 
Granted
 
 
0
 
 
NA
 
 
 
 
0
 
 
NA
 
 
 
 
Exercised
 
 
0
 
 
NA
 
 
 
 
0
 
 
NA
 
 
 
 
Cancelled/expired
 
 
0
 
 
NA
 
 
 
 
0
 
 
NA
 
 
 
 
Warrants outstanding at end of period
 
 
2,060,000
 
$
0.18
 
None
 
 
2,385,000
 
$
0.17
 
$
0
 
Warrants exercisable at end of period
 
 
2,060,000
 
$
0.18
 
 
 
 
2,385,000
 
$
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, 2017 and June 30, 2016 is summarized as follows (the figures contained within the tables below have been rounded to the nearest thousand):
 
 
 
Six months ended June 30, 2017
 
Six months ended June 30, 2016
 
 
 
 
 
 
 
Aggregate
 
 
 
 
 
Aggregate Intrinsic Value as of 
 
 
 
 
 
 
 
Intrinsic Value as of June 30,
 
 
 
Weighted Average Exercise
 
June 30,
 
 
 
Shares
 
Weighted Average Exercise Price
 
2017
 
Shares
 
Price
 
2016
 
Options outstanding at beginning of period
 
 
2,107,000
 
$
0.13
 
 
 
 
 
1,435,000
 
$
0.14
 
 
 
 
Granted
 
 
40,000
 
$
0.13
 
 
 
 
 
830,000
 
$
0.11
 
 
 
 
Exercised
 
 
0
 
 
NA
 
 
 
 
 
0
 
 
NA
 
 
 
 
Cancelled/expired
 
 
0
 
 
NA
 
 
 
 
 
(78,000)
 
$
0.18
 
 
 
 
Options outstanding at end of period
 
 
2,147,000
 
$
0.13
 
$
15,000
 
 
2,187,000
 
$
0.13
 
$
16,000
 
Options exercisable at end of period
 
 
1,647,000
 
$
0.13
 
 
 
 
 
1,189,000
 
$
0.14