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Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2016

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 employee stock option grants, as well as the weighted average assumptions that were used in calculating such values during the three and nine months ended September 30, 2016, were based on estimates at the date of grant as follows:

		January 1,			February 10,
		2016 Grant			2016 Grant
Risk-free interest rate			1.76	%		1.15	%
Weighted average expected term			5 years			5 years
Expected volatility			134.18	%		132.97	%
Expected dividend yield			0.00	%		0.00

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

A summary of stock option activity during the nine months ended September 30, 2016 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, 2016			768,000		$	0.75			9 years		$	115,200
Granted			460,000			0.93
Exercised			-
Forfeited and expired			-
Outstanding at September 30, 2016			1,228,000		$	0.82			9 years		$	115,200
Exercisable at September 30, 2016			590,500		$	0.77			9 years		$	79,200

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- References

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- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ 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 (c)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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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=6415400&loc=d3e5070-113901

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