Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2015

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

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The weighted average estimated values of director stock option grants, as well as the weighted average assumptions that were used in calculating such values during the 3 and 6 months ended June 30, 2015, were based on estimates at the date of grant as follows:


Risk-free interest rate	1.43	%
Weighted average expected term	5 years
Expected volatility	143.10	%
Expected dividend yield	0.00	%

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of stock option activity during the 3 and 6 months ended June 30, 2015 under our stock option agreements is as follows:

					Weighted-
			Weighted-		Average
	Shares		Average		Remaining	Aggregate
	Under		Exercise		Contractual	Intrinsic
	Option		Price		Life	Value
Outstanding at January 1, 2015		-
Granted		768,000	$	0.75
Exercised		-
Forfeited and expired		-

Outstanding at June 30, 2015		768,000	$	0.75	10 years	$	115,200

Exercisable at June 30, 2015		464,000	$	0.75	10 years	$	69,600