v2.4.0.8
Stock Based Compensation (Tables)
6 Months Ended
Jun. 30, 2014
Stock Based Compensation [Abstract]  
Summary of Company's restricted share awards

 

Restricted Shares

  Number of 
Restricted Shares
    Weighted Average 
Fair Value at 
Grant Date
 
Non-vested at  March 31, 2014     118,378     $ 2.80  
Awarded during 2014     400,000       .23  
Cancelled or expired     38,296     $ .92  
Non-vested at March 31, 2014     480,082     $ .92  
Employee Stock Option [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Weighted-average assumptions used to fair value calculation for options granted

 

    Six Months Ended     Six Months Ended  
   

June 30,

2014

   

June 30,

2013

 
             
Expected dividend yield     0 %     0 %
Expected stock price volatility     112 %     108 %
Risk-free interest rate     2.53-3.63 %     2.68-2.82 %
Expected life of options  

10 years

   

.7-9.9 years

 
Summary of Company's aggregate stock options granted
  Number of Shares Remaining Options    

Weighted Average

Exercise Price

 

Weighted-
Average Remaining

Contractual Term

 

Aggregate

Intrinsic Value

 
                     
Outstanding at January 1, 2014     1,386,108     $ .61          
Options granted during 2014     1,365,000     $ .19         9.8 years    $  
Options cancelled or expired during 2014     (274,000 )     .56          
Outstanding at June 30, 2014     2,477,108     $ .38   8.8 years   $    
Exercisable at June 30, 2014     703,808     $ .64   6.8 years   $