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Stock Options (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The fair value of stock options is estimated on the date of grant using the Black-Scholes option pricing model. The weighted average fair values of the options granted and weighted average assumptions are as follows:
 
 
 
For the Years Ended December 31,
 
 
 
2015
 
 
2014
 
 
2013
 
Weighted average fair value of options granted
 
$
1.36
 
 
$
1.35
 
 
$
1.89
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Risk-free interest rate
 
 
1.73
%
 
 
1.68
%
 
 
0.76
%
Expected life (years)
 
 
5 - 6
 
 
 
5
 
 
 
5 - 7
 
Expected volatility factor
 
 
49
%
 
 
55
%
 
 
67
%
Expected dividends
 
 
None
 
 
 
None
 
 
 
None
 
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
A summary of option activity under the Plans as of December 31, 2015, and changes during the year then ended, is presented below:
 
 
 
 
 
 
 
Weighted-Average
 
 
 
 
 
 
 
 
Weighted -
Remaining
 
Aggregate
 
 
 
Number of
 
Average Exercise
Contractual Term
 
Intrinsic
 
 
 
Options
 
Price
(years)
 
Value
 
Outstanding at January 1, 2015
 
 
3,641,857
 
$
3.05
 
 
 
 
 
 
 
Granted
 
 
785,000
 
 
2.85
 
 
 
 
 
 
 
Exercised
 
 
-
 
 
-
 
 
 
 
 
 
 
Forfeited/Expired
 
 
(456,711)
 
 
2.97
 
 
 
 
 
 
 
Outstanding at December 31, 2015
 
 
3,970,146
 
$
3.02
 
 
5.31
 
$
322,925
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at December 31, 2015
 
 
1,420,482
 
$
3.07
 
 
4.03
 
$
215,225
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Vested and Expected to Vest at December 31, 2015
 
 
3,970,146
 
$
3.02
 
 
5.31
 
$
322,925
 
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]
A summary of restricted shares under the Company’s stock option plans as of December 31, 2015, and changes during the period then ended, are presented below:
 
 
 
 
Weighted-Average
 
 
 
 
Grant Date Fair
 
 
 
Number of Shares
 
Value
 
Unvested at January 1, 2015
 
 
7,500
 
$
2.59
 
Vested
 
 
(7,500)
 
 
2.59
 
Unvested at December 31, 2015
 
 
-
 
$
2.59