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Capital Stock, Stock Plans and Stock-Based Compensation (Tables) | 9 Months Ended
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Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | The fair value of the options granted during the nine months ended September 30, 2017 and 2016 and the related assumptions used in the Black-Scholes option model used to value the options granted were as follows:
|  | Employee Stock Option Granted |
|  | July 27, 2017 |  |  | May 15, 2016 |
Weighted-average fair value per share |  | $ | 1.88 |  |  | $ | 2.00 |
Risk -free interest rate (1) |  |  | 1.98 | % |  |  | 1.27 | %
Expected volatility of stock (2) |  |  | 53.15 | % |  |  | 53.12 | %
Dividend yield |  |  | None |  |  |  | None |
Expected option life (3) |  |  | 6.0 years |  |  |  | 6.0 years |
|  | Outside Director Stock Options Granted |
|  | January 13, 2017 |  |  | July 27, 2017 |  |  | July 28, 2016 |
Weighted-average fair value per share |  | $ | 2.63 |  |  | $ | 2.48 |  |  | $ | 3.00 |
Risk -free interest rate (1) |  |  | 2.40 | % |  |  | 2.32 | % |  |  | 1.52 | %
Expected volatility of stock (2) |  |  | 56.32 | % |  |  | 57.21 | % |  |  | 55.99 | %
Dividend yield |  |  | None |  |  |  | None |  |  |  | None |
Expected option life (3) |  |  | 10.0 years |  |  |  | 10.0 years |  |  |  | 10.0 years |
(1) The risk-free interest rate is based on the U.S. Treasury yield in effect at the grant date over the expected term of the option. (2) The expected volatility is based on historical volatility from our traded Common Stock over the expected term of the option. (3) The expected option life is based on historical exercises and post-vesting data.
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs | The following table summarizes stock-based compensation recognized for the three and nine months ended September 30, 2017 and 2016 for our employee and director stock options.
|  | Three Months Ended |  |  | Nine Months Ended |
Stock Options |  | September 30, |  |  | September 30, |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Employee Stock Options |  | $ | 22,000 |  |  | $ | 12,000 |  |  | $ | 43,000 |  |  | $ | 42,000 |
Director Stock Options |  |  | 12,000 |  |  |  | 13,000 |  |  |  | 32,000 |  |  |  | 27,000 |
Total |  | $ | 34,000 |  |  | $ | 25,000 |  |  | $ | 75,000 |  |  | $ | 69,000 |
Schedule of Stock Options Roll Forward | The summary of the Company’s total Stock Option Plans as of September 30, 2017, as compared to September 30, 2016, and changes during the periods then ended, are presented below. The Company’s Plans consist of the 2010 and 2017 Plans and the 2003 Plan:
|  | Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (years) |  |  | Aggregate Intrinsic Value (3) |
Options outstanding January 1, 2017 |  |  | 247,200 |  |  | $ | 6.69 |  |  |  |  |  |  |  |  |
Granted |  |  | 318,000 |  |  |  | 3.65 |  |  |  |  |  |  |  |  |
Exercised |  |  | ─ |  |  |  | ─ |  |  |  |  |  |  |  |  |
Forfeited/expired |  |  | (50,400 | ) |  |  | 8.95 |  |  |  |  |  |  |  |  |
Options outstanding end of period (1) |  |  | 514,800 |  |  | $ | 4.59 |  |  |  | 5.7 |  |  | $ | 65,490 |
Options exercisable at September 30, 2017(1) |  |  | 169,467 |  |  | $ | 6.45 |  |  |  | 4.8 |  |  | $ | 17,490 |
Options exercisable and expected to be vested at September 30, 2017 |  |  | 514,800 |  |  | $ | 4.59 |  |  |  | 5.7 |  |  | $ | 65,490 |
|  | Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (years) |  |  | Aggregate Intrinsic Value (3) |
Options outstanding January 1, 2016 |  |  | 218,200 |  |  | $ | 7.65 |  |  |  |  |  |  |  |  |
Granted |  |  | 62,000 |  |  |  | 4.09 |  |  |  |  |  |  |  |  |
Exercised |  |  | ─ |  |  |  | ─ |  |  |  |  |  |  |  |  |
Forfeited/expired |  |  | (33,000 | ) |  |  | 8.14 |  |  |  |  |  |  |  |  |
Options outstanding end of period (2) |  |  | 247,200 |  |  | $ | 6.69 |  |  |  | 4.6 |  |  | $ | 126,267 |
Options exercisable at September 30, 2016 (2) |  |  | 181,867 |  |  | $ | 7.61 |  |  |  | 4.0 |  |  | $ | 69,516 |
Options exercisable and expected to be vested at September 30, 2016 |  |  | 239,750 |  |  | $ | 6.78 |  |  |  | 4.6 |  |  | $ | 118,542 |
(1) Options with exercise prices ranging from $2.79 to $13.35 (2) Options with exercise prices ranging from $2.79 to $14.75 (3) The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option.

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 + Details
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