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Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2015

Shareholders' Equity:

Schedule of Weighted Average assumptions

The following weighted-average assumptions were used for grants issued during 2015 and 2014 under the ASC No. 718 requirements:

		2015				2014
Weighted average risk-free rate			1.20	%			1.38	%
Weighted average volatility			82.80	%			80.37	%
Dividend yield			0.00	%			0.00	%
Expected life			4.31 years				4.87 years

Summarizes Stock Option Activity

The following table summarizes stock option activity for the year ended December 31, 2015 and 2014:

		Outstanding Options				Weighted Average Exercise Price per Share				Weighted Average Remaining Contractual Life (in years)				Aggregate Intrinsic Value
Outstanding January 1, 2014			2,664,000			$	0.50				7.14			$	706,000
Granted			5,581,000				0.47				-				-
Exercised			(291,000	)			0.25				-				-
Cancelled			(89,000	)			1.11				-				-
Forfeited			(642,000	)			0.27				-				-
Expired			(1,000	)			3.15				-				-
Outstanding December 31, 2014			7,222,000				0.50				8.60				285,000
Granted			2,140,000				0.41				-				-
Exercised			(84,000	)			0.29				-				-
Cancelled			(1,301,000	)			0.75				-				-
Forfeited			(1,140,000	)			0.58				-				-
Expired			(23,000	)			2.03				-				-
Outstanding December 31, 2015			6,814,000			$	0.41				8.67			$	2,000
Options vested and exercisable at December 31, 2015			1,900,000			$	0.40				7.94			$	2,000

Summarizes Restricted Stock Unit

The following table summarizes restricted stock unit activity for the year ended December 31, 2015 and 2014:

			Outstanding Restricted Stock Units				Weighted Average Fair Value per Share
Outstanding January 1, 2014				187,000			$	0.14
Granted				-				-
Released				(173,000	)			-
Canceled				(14,000	)			-
Outstanding December 31, 2014				-			$	-
Granted				-				-
Released				-				-
Cancelled				-				-
Outstanding December 31, 2015				-			$	-
Balance exercisable at December 31, 2015				-

Summarizes Warrant Activity

The following summarizes warrant activity for the year ended December 31, 2015 and 2014:

			Outstanding Warrants				Weighted Average Exercise Price per Share				Weighted Average Remaining Contractual Life (in years)
Outstanding January 1, 2014				6,600,000			$	0.67				4.18
Granted				-				-				-
Exercised				-				-				-
Forfeited				-				-				-
Outstanding December 31, 2014				6,600,000			$	0.67				3.18
Granted				-				-				-
Exercised				-				-				-
Forfeited				-				-				-
Outstanding December 31, 2015				6,600,000			$	0.67				2.18
Balance exercisable at December 31, 2015				6,600,000			$	0.67				2.18

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
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+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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