XML 36 R26.htm IDEA: XBRL DOCUMENT v3.5.0.2
Stock-Based Compensation (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 17, 2015
Oct. 31, 2014
Dec. 31, 2015
Jun. 30, 2011
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2015
Dec. 31, 2014
Jun. 03, 2016
Nov. 07, 2013
Jul. 31, 2012
Dec. 31, 2010
Number of options granted             27,000              
Exercise Price per Common Share             $ 1.390              
Number of options outstanding     1,938,534   1,947,877   1,947,877   1,938,534          
Stock based compensation expense             $ 707,314 $ 1,680,247            
Exercise price of outstanding options     $ 7.081   $ 7.054   $ 7.054   $ 7.081          
Reverse stock split description 1-for-7.15 reverse stock split           7.15-for-1 basis              
Market value of invested capital total   $ 25,200,000                   $ 15,500,000 $ 14,400,000 $ 8,900,000
Common stock value   $ 1,400,000 $ 8,582   $ 8,585   $ 8,585   $ 8,582     $ 819,000 $ 870,000 $ 670,000
Common stock discount rate   21.40%                        
Fair value of common stock price per share   $ 5.86                   $ 1.17 $ 1.19 $ 1.03
Percentage of initial public offering     45.00%           45.00%          
Percentage for other scenarios     55.00%           55.00%          
Minimum [Member]                            
Common stock discount rate             35.80%              
Maximum [Member]                            
Common stock discount rate             40.00%              
Employee Stock Option [Member]                            
Weighted average period of compensation cost expected to be recognized             1 year 2 months 12 days              
Employee Stock Option [Member] | Consultants [Member]                            
Number of options granted             7,272              
Term of employee share base compensation             36 months              
Percentage of vesting percentage of option       25.00%     25.00%              
Exercise price of outstanding options       $ 1.00                    
Number of option purchase an aggregate shares granted       7,271     7,271              
Employee Stock Option [Member] | Minimum [Member] | Consultants [Member]                            
Exercise price of outstanding options         $ 0.72   $ 0.72              
Employee Stock Option [Member] | Maximum [Member] | Consultants [Member]                            
Exercise price of outstanding options         $ 2.25   $ 2.25              
Employee Stock Option [Member] | Executive Directors And Employees [Member]                            
Aggregate number of shares of common stock authorized to issue         20,000   20,000              
Vesting period of options             10 years              
Number of options granted             10,000   2,026,712          
Term of employee share base compensation                 10 years          
Number of options expired or exercised     124,064                      
Aggregate option issued to related party     1,902,648       1,912,648              
Unrecognized compensation cost related to un-vested stockbased compensation         $ 1,100,000   $ 1,100,000              
Employee Stock Option [Member] | Executive Directors And Employees [Member] | General and Administrative Expense [Member]                            
Stock based compensation expense         $ 329,000 $ 880,000 $ 707,000 $ 1,700,000            
Employee Stock Option [Member] | Executive Directors And Employees [Member] | Minimum [Member]                            
Exercise Price per Common Share             $ 0.79     $ 0.79        
Employee Stock Option [Member] | Executive Directors And Employees [Member] | Maximum [Member]                            
Exercise Price per Common Share             $ 13.23     $ 13.23        
Employee Stock Option [Member] | Non Employee Director [Member]                            
Aggregate number of shares of common stock authorized to issue         7,000 110,573 7,000 110,573            
Vesting period of options             10 years              
Number of options expired or exercised             7,657 74,687            
Number of options outstanding         35,229 35,886 35,229 35,886            
Stock based compensation expense         $ 2,600 $ 600 $ 2,700 $ 700            
Stock Plan 2015 [Member]                            
Aggregate number of shares of common stock authorized to issue         635,448   635,448       475,000      
Stock Plan 2015 [Member] | Employee Stock Option [Member]                            
Stock option description             The exercise price for an option issued under the Plans is determined by the Board of Directors, but will be (i) in the case of an incentive stock option (A) granted to an employee who, at the time of grant of such option, is a 10% stockholder, no less than 110% of the fair market value per share on the date of grant; or (B) granted to any other employee, no less than 100% of the fair market value per share on the date of grant; and (ii) in the case of a nonstatutory stock option, no less than 100% of the fair market value per share on the date of grant. The options awarded under the Plans shall vest as determined by the Board of Directors but shall not exceed a ten-year period.              
Vesting period of options             10 years