STOCK-BASED COMPENSATION (Tables)
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12 Months Ended |
Dec. 31, 2015 |
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| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
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| Schedule Of Share Based Compensation Activity |
Total stock-based compensation to employees and non-employees for the years ended December 31, 2015 and 2014 is presented in the following table: | | | 2015 | | 2014 | | | Employee Option Awards | | $ | 2,213 | | $ | 2,047 | | | Non-employee Compensation Expense | | | 21 | | | 289 | | | Non-employee Restricted Stock Awards | | | — | | | 3,088 | | | Total Compensation Expense | | $ | 2,234 | | $ | 5,424 | |
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| Schedule Of Share Based Compensation Stock Options Activity |
The following table summarizes the Company’s stock option award activity: | | | | | Weighted | | | | | Number of | | Average | | | | | Shares | | Exercise Price | | | Outstanding at December 31, 2013 | | | 2,305,000 | | $ | 3.96 | | | Options Granted | | | 1,573,000 | | | 3.22 | | | Options Exercised | | | — | | | — | | | Options Cancelled | | | (250,000) | | | 3.98 | | | Outstanding at December 31, 2014 | | | 3,628,000 | | $ | 3.64 | | | | | | | | | | | | Options Granted | | | 1,151,500 | | $ | 1.18 | | | Options Exercised | | | — | | | — | | | Options Cancelled | | | (223,333) | | | 3.98 | | | Options Forfeited | | | (293,001) | | | 2.95 | | | Outstanding at December 31, 2015 | | | 4,263,166 | | $ | 3.01 | | | | | | | | | | | | Options Vested and Exercisable at December 31, 2015 | | | 1,915,827 | | $ | 3.58 | |
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| Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range |
The stock option awards are exercisable at various times through 2018. Additional information with respect to the outstanding stock option awards as of December 31, 2015, is as follows: | | | Options Outstanding | | Options Exercisable | | | | | | | | Weighted | | Weighted | | | | | Weighted | | Weighted | | | | | | | Average | | Average | | | | | Average | | Average | | | | | | | Remaining | | Exercise | | | | Exercise | | Remaining | | | | | Options | | Contractual | | Price Per | | Options | | Price Per | | Contractual | | | | | Outstanding | | Life in Years | | Share | | Exercisable | | Share | | Life | | | Range of Exercise Prices | | | | | | | | | | | | | | | | | | | | | $0.00 – 0.50 | | | 325,000 | | | 9.81 | | $ | 0.30 | | | 49,998 | | $ | 0.37 | | | 9.75 | | | $0.51 - 1.00 | | | 3,500 | | | 9.61 | | | 0.63 | | | - | | | - | | | - | | | $1.01 - 1.50 | | | 718,000 | | | 9.33 | | | 1.39 | | | 27,500 | | | 1.40 | | | 9.38 | | | $1.51 - 2.00 | | | 25,000 | | | 2.00 | | | 2.00 | | | 25,000 | | | 2.00 | | | 2.00 | | | $2.01 - 2.50 | | | 162,500 | | | 8.98 | | | 2.20 | | | 30,833 | | | 2.20 | | | 8.98 | | | $2.51 – 3.00 | | | 67,500 | | | 8.70 | | | 2.62 | | | 57,500 | | | 2.64 | | | 8.71 | | | $3.01 – 3.50 | | | 740,000 | | | 6.35 | | | 3.18 | | | 428,333 | | | 3.18 | | | 5.00 | | | $3.51 – 4.00 | | | 595,000 | | | 8.17 | | | 3.66 | | | 209,999 | | | 3.67 | | | 8.17 | | | $4.01 – 4.50 | | | 1,626,666 | | | 7.85 | | | 4.05 | | | 1,086,664 | | | 4.05 | | | 7.84 | | | Total | | | 4,263,166 | | | 8.06 | | $ | 3.01 | | | 1,915,827 | | $ | 3.58 | | | 7.28 | |
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| Schedule Of Share Based Payment Award Stock Options Other Selected Information |
Other selected information is as follows: | | | 2015 | | 2014 | | | Aggregate intrinsic value of outstanding options | | $ | — | | $ | — | | | Weighted average fair value per share of options granted | | $ | 0.63 | | $ | 1.56 | |
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| Schedule of Assumptions Used |
The table below presents the weighted average assumptions used to calculate the fair value of stock option awards granted during the years ended December 31, 2015 and 2014, respectively: | | | 2015 | | 2014 | | | Risk Free Interest Rate | | | 0.79 – 2.19 | % | | 1.64 – 2.75 | % | | Expected Volatility | | | 64.1% - 87.5 | % | | 55.6% - 74.1 | % | | Dividend Yield | | | 0 | % | | 0 | % | | Expected Life in Years | | | 6.3 | | | 6.0 | |
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