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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2016
Share-based Compensation [Abstract]  
Summary of Weighted-Average Assumptions of Stock Based Compensation

The following weighted-average assumptions were used for grants issued during the three and six months ended June 30, 2016 and 2015 under the ASC No. 718 requirements.

 

    Three months ended June 30,     Six months ended June 30,  
    2016     2015     2016     2015  
Weighted average risk-free rate     1.16 %     1.19 %     1.20 %     1.18 %
Weighted average volatility     111.27 %     83.01 %     111.02 %     82.40 %
Dividend yield     0.00 %     0.00 %     0.00 %     0.00 %
Expected life     6.29 years       4.20 years       6.17 years       4.29 years