v2.4.0.8
Stock Based Compensation (Tables)
9 Months Ended
Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Company's restricted share awards
 

 

Restricted Shares

  Number of 
Restricted Shares
    Weighted Average 
Fair Value at 
Grant Date
 
Non-vested at September 30, 2014     118,378     $ 2.80  
Awarded during 2014     400,000     $ .23  
Cancelled or expired     (138,296 )   $ .36  
Non-vested at September 30, 2014     380,082     $ .39  
 
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
 
    Nine Months
Ended
    Nine Months Ended  
    September 30, 2014     September 30, 2013  
             
Expected dividend yield     0 %     0 %
Expected stock price volatility     112 %      105-108 %
Risk-free interest rate     3.63  %     2.68-3.44 %
Expected life of options     .14-9.78 years       .4-9.9 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     (295,917 )   $ .56              
Outstanding at September 30, 2014     2,455,191     $ .34     8.7 years   $ 0  
Exercisable at September 30, 2014     725,191     $ .60     6.7 years   $ 0