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Stock Options and Restricted Stock Units (Tables)
12 Months Ended
Dec. 31, 2014
Stock Options and Restricted Stock Units [Abstract]  
Summary of Stock Option Activity

The following table summarizes the activity in common shares subject to options for the years ended December 31, 2014 and 2013:

 

2014 2013  
             
Weighted average           Weighted average  
Shares exercise price     Shares     exercise price  
                         
Outstanding at beginning of year     5,347,500
    $ 14.20       5,372,500     $ 14.14  
Granted     -       -       -       -  
Exercised     -       -       -       -  
Forfeited     (317,500 )     2.50       (25,000 )     2.20  
                                 
Outstanding at end of year     5,030,000
    $ 14.93       5,347,500     $ 14.20  
                                 
Options exercisable at end of year     5,030,000
    $ 14.93       5,347,500     $ 14.20  


Schedule of Information about Share Options Outstanding

Information about stock options outstanding at December 31, 2014 is summarized as follows:

 

Options Outstanding and Exercisable
Weighted average     Weighted        
remaining
    average        
Number contractual life     exercise     Aggregate  
Exercise price   outstanding     (Years)     price     Intrinsic Value  
$2.13     10,000       NA(1)       2.13     $ -  
$2.25     10,000       NA(1)       2.25       -  
$6.00     10,000       2.9       6.00       -  
$15.00     5,000,000       1.8       15.00       -  
      5,030,000                     $ -  

(1)
All Options currently issued pursuant to the Company's 2004 Employee Stock Option Plans have no expiration date. 
Schedule of Non-vested RSU activity

A summary of the status of our non-vested RSU grants issued under our 2006 Plan, and the changes during the year ended December 31, 2014, is presented below:


    2014  
    Number of RSUs     Weighted average grant-date fair value  
             
Nonvested at beginning of year     -     $ -  
Granted     229,600       1.74  
Vested     (103,000 )     1.57  
Forfeited     (39,000 )     2.12  
                 
Nonvested at end of year     87,600     $ 1.77