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Stockholders’ Equity (Tables) | 12 Months Ended
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Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Schedule of Share-based Payment Valuation Assumptions | The fair value of share-based payment units was estimated using the Black-Scholes option pricing model with the following assumptions and weighted average fair values as follows:
|  | Twelve Months Ended |
|  | December 31, |
|  | 2015 |  |  | 2014 |
Valuation assumptions: |  |  |  |  |  |  |  |
Grant price |  |  | $1.15 - $1.56 |  |  |  | $3.09 - $5.68 |
Exercise price |  |  | $1.15 - $1.56 |  |  |  | $3.09 - $5.68 |
Expected dividend yield |  |  | 0 | % |  |  | 0 | %
Expected volatility |  |  | 95.5%-99.2 | % |  |  | 90%-152.6 | %
Expected life (in years) |  |  | 5 |  |  |  | 5 |
Risk-free interest rate |  |  | 1.37% - 1.62 | % |  |  | 0.75% - 1.97 | %
Schedule of Share-based Compensation, Stock Options, Activity | The compensation expense incurred by the Company for RSUs is based on the closing market price of the Company’s common stock on the date of grant and is amortized ratably on a straight-line basis over the requisite service period and charged to general and administrative expense with a corresponding increase to additional paid-in capital.
|  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |  |  | Aggregate Intrinsic Value |
Outstanding at December 31, 2013 |  |  | - |  |  | $ | - |  |  | $ | - |
Granted |  |  | 34,351 |  |  |  | 3.93 |  |  |  |  |
Vested and Settled in Shares |  |  | (2,544 | ) |  |  | 3.93 |  |  |  |  |
Canceled / Expired |  |  | - |  |  |  | - |  |  |  | - |
Outstanding at December 31, 2014 |  |  | 31,807 |  |  |  | 3.93 |  |  | $ | - |
Granted |  |  | 122,119 |  |  |  | 1.24 |  |  |  | - |
Vested and Settled in Shares |  |  | (86,849 | ) |  |  | (1.98 | ) |  |  |  |
Canceled / Expired |  |  | - |  |  |  | - |  |  |  | - |
Outstanding at December 31, 2015 |  |  | 67,077 |  |  | $ | 1.56 |  |  | $ | - |
Summary of Stock Options | The following is a summary of stock options as of December 31, 2015:
|  | Options Outstanding |  |  | Options Exercisable |
Range of Exercise Prices |  | Number of Options |  |  | Weighted- average Remaining Life |  | Weighted- average Exercise Price |  |  | Number of Options |  |  | Weighted- average Exercise Price |
$1.15 to $1.56 |  |  | 1,689,882 |  |  | 4.60 years |  | $ | 1.18 |  |  |  | 420,039 |  |  | $ | 1.22 |
$3.09 to $5.68 |  |  | 211,122 |  |  | 3.79 years |  | $ | 3.67 |  |  |  | 75,185 |  |  | $ | 3.73 |
$44.40 |  |  | 294 |  |  | 0.46 years |  | $ | 44.40 |  |  |  | 294 |  |  | $ | 44.40 |
|  |  | 1,901,298 |  |  | 4.51 years |  | $ | 1.46 |  |  |  | 495,518 |  |  | $ | 1.63 |
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs | The compensation expense incurred by the Company for RSUs is based on the closing market price of the Company’s common stock on the date of grant and is amortized ratably on a straight-line basis over the requisite service period and charged to general and administrative expense with a corresponding increase to additional paid-in capital.
|  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |  |  | Aggregate Intrinsic Value |
Outstanding at December 31, 2013 |  |  | - |  |  | $ | - |  |  | $ | - |
Granted |  |  | 34,351 |  |  |  | 3.93 |  |  |  |  |
Vested and Settled in Shares |  |  | (2,544 | ) |  |  | 3.93 |  |  |  |  |
Canceled / Expired |  |  | - |  |  |  | - |  |  |  | - |
Outstanding at December 31, 2014 |  |  | 31,807 |  |  |  | 3.93 |  |  | $ | - |
Granted |  |  | 122,119 |  |  |  | 1.24 |  |  |  | - |
Vested and Settled in Shares |  |  | (86,849 | ) |  |  | (1.98 | ) |  |  |  |
Canceled / Expired |  |  | - |  |  |  | - |  |  |  | - |
Outstanding at December 31, 2015 |  |  | 67,077 |  |  | $ | 1.56 |  |  | $ | - |
Schedule of Share Based Compensation Expense | Share based compensation expense for the years ended December 31, 2015 and 2014 is as follows:
|  | Years Ended December 31, |
|  | 2015 |  |  | 2014 |
Compensation cost recognized: |  |  |  |  |  |
Stock options |  | $ | 686,797 |  |  | $ | 101,767 |
Restricted stock units |  |  | 191,315 |  |  |  | 86,873 |
|  | $ | 878,112 |  |  | $ | 188,640 |
Schedule of Share-based Compensation Included in Operating Expenses | Share based compensation is included in operating expenses as follows:
|  | Years Ended December 31, |
|  | 2015 |  |  | 2014 |
General and administrative |  | $ | 829,208 |  |  |  | 184,543 |
Research and development |  |  | 48,904 |  |  |  | 4,097 |
|  | $ | 878,112 |  |  | $ | 188,640 |

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- Definition Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. + 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 (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 14.F) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 -Section F + Details
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- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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