XML 73 R27.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Stock-Based Compensation Plans (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Fair Value of Stock Options Grants | (6) STOCK-BASED COMPENSATION PLANS (continued) The Company used the Black Scholes option pricing model to determine the fair value of stock option grants, using the following assumptions during the years ended December 31, 2014 and 2013:
|  | 2014 |  |  | 2013 |
Weighted average expected term |  | 6.25 years |  |  | 6.25 years |
Weighted average volatility |  |  | 121 | % |  |  | 111 | %
Weighted average risk-free interest rate |  |  | 1.67 | % |  |  | 1.54 | %
Dividend yield |  |  | 0 | % |  |  | 0 | %
Summary of Stock Option Activity Under the Option Plan | A summary of stock option activity under the Option Plan for the years ended December 31, 2014 and 2013, are presented below:
|  | Shares Under Option |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life |  | Aggregate Intrinsic Value |
Outstanding at January 1, 2013 |  |  | 1,501,500 |  |  | $ | 0.95 |  |  |  |  |  |  |
Granted |  |  | 1,424,216 |  |  | $ | 0.26 |  |  |  |  |  |  |
Exercised |  |  | (23,000 | ) |  | $ | 0.63 |  |  |  |  |  |  |
Forfeited |  |  | (430,500 | ) |  | $ | 0.87 |  |  |  |  |  |  |
Outstanding at December 31, 2013 |  |  | 2,472,216 |  |  | $ | 0.57 |  |  | 8.1 Years |  | $ | — |
Exercisable at December 31, 2013 |  |  | 808,623 |  |  | $ | 1.05 |  |  | 5.4 Years |  | $ | — |
Outstanding at January 1, 2014 |  |  | 2,472,216 |  |  | $ | 0.57 |  |  |  |  |  |  |
Granted |  |  | 410,000 |  |  | $ | 0.25 |  |  |  |  |  |  |
Exercised |  |  | — |  |  |  |  |  |  |  |  |  |  |
Forfeited |  |  | (1,146,697 | ) |  | $ | 0.45 |  |  |  |  |  |  |
Outstanding at December 31, 2014 |  |  | 1,735,519 |  |  | $ | 0.59 |  |  | 7.2 Years |  | $ | — |
Exercisable at December 31, 2014 |  |  | 789,579 |  |  | $ | 0.93 |  |  | 5.5 Years |  | $ | — |
Summary of Status of the Company's Non-Vested Shares Under Option | A summary of status of the Company’s non-vested shares under option as of and for the year ended December 31, 2014 is presented below:
|  | Non-vested Shares Under Option |  |  | Weighted Average Grant Date Fair Value |
Non-vested at January 1, 2014 |  |  | 1,663,593 |  |  | $ | 0.29 |
Granted |  |  | 410,000 |  |  | $ | 0.22 |
Vested |  |  | (300,956 | ) |  | $ | 0.38 |
Forfeited |  |  | (826,697 | ) |  | $ | 0.38 |
Non-vested at December 31, 2014 |  |  | 945,940 |  |  | $ | 0.29 |

X
- Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested shares. + 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)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration