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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Schedule of Unvested Restricted Common Shares Activity

The following table summarizes the activity of our unvested restricted common shares for the years ended December 31, 2015 and 2014:

 

    Unvested Restricted Common Shares
    Number of
Shares
  Weighted-Average
Grant-Date
Fair Value
         
Unvested at December 31, 2013       168,449     $ 11.44  
Vested              
Unvested at December 31, 2014       168,449     $ 11.44  
Vested              
Unvested at December 31, 2015       168,449     $ 11.44  

Schedule of Stock Options Outstanding Activity

The following table summarizes the activity for outstanding stock options:

 

    Options Outstanding
    Number of
Shares
  Weighted-
Average
Exercise
Price
  Weighted-
Average
Remaining
Contractual
Term
(in years)
  Aggregate
Intrinsic Value
(1)
Balance at December 31, 2013       3,333     $ 16.35       1.0          
Granted       -       -                  
Exercised       -       -                  
Canceled/forfeited/expired       (1,333 )   $ 13.50                  
Balance at December 31, 2014       2,000     $ 18.25       0.7     $ 0.00  
Granted       -       -                  
Exercised       -       -                  
Canceled/forfeited/expired       (1,333 )   $ 10.50                  
Balance at December 31, 2015       667     $ 33.75       1.25     $ 0.00  
Vested and exercisable as Of December 31, 2015       667     $ 33.75       1.25     $ 0.00  

 

  (1) The aggregate intrinsic value is calculated as approximately the difference between the weighted average exercise price of the underlying awards and the Company’s estimated current fair market value at December 31, 2015. Because the weighted average exercise price exceeds fair market value at December 31, 2015, there is no aggregate intrinsic value for the options.