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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2013
Equity [Abstract]  
Summary of stock option activity
A summary of the Company’s stock option award activity as of and for the years ended December 31, 2013 and 2012 is as follows:
 
Outstanding Options
 
Shares
Underlying
Stock Options
 
Weighted-Average Exercise Price per Share
 
Weighted-
Average
Remaining
Contractual
Term (yrs)
 
Aggregate
Intrinsic
Value
Outstanding at December 31, 2011
18

 
$
873,100

 
 
 
 
Granted
11,844,609

 
3

 
 
 
 
Forfeited/Expired

 

 
 
 
 
Outstanding at December 31, 2012
11,844,627

 
4

 
 
 
 
Granted
54,000

 
6

 
 
 
 
Canceled
(11,844,609
)
 
3

 
 
 
 
Forfeited/Expired
(18
)
 
873,100

 
 
 
 
Outstanding at December 31, 2013
54,000

 
$
6

 
10
 
$
94,500

Vested and expected to vest at December 31, 2013

 
$

 
0
 
$

Exercisable at December 31, 2013

 
$

 
0
 
$

Fair value of each option grant on the date of grant using the Black-Scholes option-pricing model
The Company estimated the fair value of each option grant on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:
 
December 31,
 
2013
 
2012
Risk-free interest rate
2.8
%
 
1.1
%
Dividend yield
0
%
 
0
%
Volatility
213
%
 
236
%
Expected life (years)
10.00 years

 
6.04 years