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Share Based Compensation (Tables)

9 Months Ended

Sep. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Stock Based Compensation

All stock-based compensation is included in operating expenses for the periods as follows:

		Three Months Ended September 30,								Nine Months Ended September 30,
Compensation cost recognized		2017				2016				2017				2016
Selling, general and administrative		$	84,538			$	125,581			$	261,696			$	763,938
Research and development			6,274				9,348				20,634				38,685
		$	90,812			$	134,929			$	282,330			$	802,623

Schedule of Stock Option Activity

Stock option activity under the 1998, 1999, 2001, 2003, 2006 and 2015 Stock Option Plans (collectively, the “Plans”) during the periods indicated below were as follows:

		Number of Shares Subject to Issuance				Weighted- average Exercise Price				Weighted- average Remaining Contractual Term				Aggregate Intrinsic Value

Outstanding at December 31, 2016			1,665,420			$	1.40				3.62 years			$	2,414,446

Granted			-				-
Forfeited or expired			(4,000	)			2.79
Exercised			(10,000	)			1.01
Outstanding at September 30, 2017			1,651,420			$	1.40				2.87 years			$	2,596,805
Exercisable at September 30, 2017			1,314,327			$	1.36				2.85 years			$	2,100,076

Schedule of Restricted Stock Units Outstanding

		Number of Shares				Weighted Average Grant Date Fair Value				Aggregate Intrinsic Value

Outstanding at December 31, 2016			32,714			$	1.89			$	26,010
Granted			17,493				2.97				-
Vested and settled in Shares			(20,830	)			2.69				-

Outstanding at September 30, 2017			29,377			$	2.04			$	20,060