Quarterly report pursuant to Section 13 or 15(d)

Employee Stock Options (Tables)

v3.7.0.1
Employee Stock Options (Tables) - Employee Stock Option [Member]
6 Months Ended
Jun. 30, 2017
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]  
Summary of assumptions used to estimate fair value stock options granted
      2017  
         
  Expected dividend yield     0 %
  Expected volatility     100 %
  Risk-free interest rate     1.50 %
  Expected life of options     2.50-3.00 years  

      2016
       
  Expected dividend yield     0 %
  Expected volatility     102 %
  Risk-free interest rate     1.24-1.38 %
  Expected life of options     2.00-2.50 years  
Summary of stock option activity
      Number of Options     Weighted 
Average
Exercise Price per Share
    Weighted Average Contractual Life in Years     Aggregate Intrinsic Value  
  Outstanding – December 31, 2016     442,500     $ 5.81     $ 1.72          
  Exercisable – December 31, 2016     407,500     $ 5.57     $ 1.65     $          0  
  Granted     100,000     $ 2.90                  
  Exercised or Vested     12,500     $ 10.80                  
  Cancelled or Expired     (7,500 )   $ 4.18                  
  Outstanding – June 30, 2017     535,000     $ 5.29       1.18     $ 0  
  Exercisable – June 30, 2017     412,500     $ 5.75       1.17     $ 0