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Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2014

Shareholders' Equity [Abstract]

Schedule of Common Stock Sold

During 2012 the Company sold, pursuant to the Company's effective registration statement filed with the SEC, equity in the Company as follows:

Date		Shares issued			Warrants issued				Unit price				Proceeds
July 30, 2012			589,227			117,846			$	2.97			$		1,745,549		*
August 28, 2012			1,900,000			380,000			$	2.97			$		5,229,201		**
October 3, 2012			1,250,000			250,000			$	4.49			$		5,275,750		***
Total			3,739,227			747,846							$		12,250,500

____________________

(*)		Net of fees of $4,455
(**)		Net of fees of $413,719
(***)		Net of fees of $336,750

Schedule of Assumptions Used to Value Options Granted to Employees

		2014		2013
Fair value on grant date	$	2.30		2.86
Expected dividend yield		-		-
Expected volatility		50	%	64	%
Risk free interest rate		1.68	%	1.62	%
Expected term of the option		5 years		5 years

Schedule of Option Activity

Activity in stock options is summarized below:

								Weighted
					Weighted			Average
	Number of Shares				Average			Remaining		Aggregate
	Subject to				Exercise			Contractual		Intrinsic
	Option				Price			Term (Years)		Value
Balance at December 31, 2011		1,269,649			$	11.64		4.2

Granted		-			$	-
Cancelled		(151,750	)		$	12.76
Exercised		-			$	-
Balance at December 31, 2012		1,117,899			$	9.03		3.7

Granted		499,700			$	5.26
Cancelled		(64,500	)		$	12.81
Exercised		(72,500	)		$	4.83
Balance at December 31, 2013		1,480,599			$	7.80		5.2

Granted		209,750			$	5.19
Cancelled		(104,750	)		$	7.83
Exercised		(14,800	)		$	5.56
Balance at December 31, 2014		1,570,799			$	7.49		5.2		$	199,000